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REGISTERED NUMBER: 07059524 (England and Wales)









WELSHPOOL HOLDINGS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

1 JANUARY 2023 TO 31 MARCH 2024






WELSHPOOL HOLDINGS LIMITED (REGISTERED NUMBER: 07059524)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 JANUARY 2023 TO 31 MARCH 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


WELSHPOOL HOLDINGS LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 JANUARY 2023 TO 31 MARCH 2024







DIRECTORS: J O Evans
R D Evans
A H Turner
D T L Jones





REGISTERED OFFICE: The New Smithfield
Buttington Cross
Welshpool
Powys
SY21 8SR





REGISTERED NUMBER: 07059524 (England and Wales)

WELSHPOOL HOLDINGS LIMITED (REGISTERED NUMBER: 07059524)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2024

2024 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,055,893 1,087,937
Investments 5 1 1
1,055,894 1,087,938

CURRENT ASSETS
Debtors 6 1,042,377 977,848
Cash at bank - 62,046
1,042,377 1,039,894
CREDITORS
Amounts falling due within one year 7 1,756,431 1,756,961
NET CURRENT LIABILITIES (714,054 ) (717,067 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

341,840

370,871

PROVISIONS FOR LIABILITIES 20,820 24,048
NET ASSETS 321,020 346,823

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 321,018 346,821
SHAREHOLDERS' FUNDS 321,020 346,823

WELSHPOOL HOLDINGS LIMITED (REGISTERED NUMBER: 07059524)

STATEMENT OF FINANCIAL POSITION - continued
31 MARCH 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 September 2024 and were signed on its behalf by:





A H Turner - Director


WELSHPOOL HOLDINGS LIMITED (REGISTERED NUMBER: 07059524)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 JANUARY 2023 TO 31 MARCH 2024


1. STATUTORY INFORMATION

Welshpool Holdings Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Preparation of consolidated financial statements
The financial statements contain information about Welshpool Holdings Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
Turnover represents net invoiced sales, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 4% Straight Line

Freehold Property has not been depreciated as in the opinion of the directors, the depreciation charge and accumulated depreciation would be immaterial due to the long economic life and high residual value of the freehold property.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.


WELSHPOOL HOLDINGS LIMITED (REGISTERED NUMBER: 07059524)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JANUARY 2023 TO 31 MARCH 2024


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2022 - NIL).

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and
property fittings Totals
£    £    £   
COST
At 1 January 2023
and 31 March 2024 758,318 643,592 1,401,910
DEPRECIATION
At 1 January 2023 - 313,973 313,973
Charge for period - 32,044 32,044
At 31 March 2024 - 346,017 346,017
NET BOOK VALUE
At 31 March 2024 758,318 297,575 1,055,893
At 31 December 2022 758,318 329,619 1,087,937

Freehold Property has not been depreciated as in the opinion of the directors, the depreciation charge and accumulated depreciation would be immaterial due to the long economic life and high residual value of the freehold property.

WELSHPOOL HOLDINGS LIMITED (REGISTERED NUMBER: 07059524)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JANUARY 2023 TO 31 MARCH 2024


5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 January 2023
and 31 March 2024 1
NET BOOK VALUE
At 31 March 2024 1
At 31 December 2022 1

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2022
£    £   
Amounts owed by group undertakings 1,041,377 976,848
Other debtors 1,000 1,000
1,042,377 977,848

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2022
£    £   
Bank loans and overdrafts 31 -
Taxation and social security 12,873 8,809
Other creditors 1,743,527 1,748,152
1,756,431 1,756,961

8. SECURED DEBTS

The group bank borrowings are secured by a mortgage over the freehold property and fixed and floating charge over all assets.

9. CONTINGENT LIABILITIES

The company has provided a guarantee for all bank borrowings of Welshpool Livestock Sales Limited, a wholly owned subsidiary.

10. RELATED PARTY DISCLOSURES

At 31 March 2024 there was an amount due from a wholly owned subsidiary of £1,041,377 (2022: £976,848)
At 31 March 2024 included in other creditors, there were amounts due of £1,715,652 (2022 £1,715,652) to controlling parties.

WELSHPOOL HOLDINGS LIMITED (REGISTERED NUMBER: 07059524)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JANUARY 2023 TO 31 MARCH 2024


11. CONTROLLING PARTY

The controlling party is Messrs Morris Marshall & Poole with Norman Lloyd who owns 100% of the share capital.