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REGISTERED NUMBER: 07180775 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Gwyliau Rhydolion Holidays Limited

Gwyliau Rhydolion Holidays Limited (Registered number: 07180775)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

Gwyliau Rhydolion Holidays Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mr J W Morris
Mrs C J L Morris





SECRETARY: Mrs C J L Morris





REGISTERED OFFICE: Rhydolion
Llangian
Abersoch
Pwllheli
Gwynedd
LL53 7LR





REGISTERED NUMBER: 07180775 (England and Wales)





ACCOUNTANTS: Dunn & Ellis Cyf
Chartered Accountants
Adeilad St David's Building
Stryd Lombard Street
Porthmadog
Gwynedd
LL49 9AP

Gwyliau Rhydolion Holidays Limited (Registered number: 07180775)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 46,074 46,079
Investment property 6 137,724 137,724
183,798 183,803

CURRENT ASSETS
Debtors 7 15,000 15,150
Cash at bank 148,907 105,336
163,907 120,486
CREDITORS
Amounts falling due within one year 8 92,737 91,347
NET CURRENT ASSETS 71,170 29,139
TOTAL ASSETS LESS CURRENT
LIABILITIES

254,968

212,942

PROVISIONS FOR LIABILITIES 8,171 7,885
NET ASSETS 246,797 205,057

CAPITAL AND RESERVES
Called up share capital 100 10
Fair value reserve 9 25,920 25,920
Retained earnings 220,777 179,127
246,797 205,057

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

The members have not required the company to obtain an audit of its financial statements for the year 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.

Gwyliau Rhydolion Holidays Limited (Registered number: 07180775)

Balance Sheet - continued
31 March 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 October 2024 and were signed on its behalf by:





Mr J W Morris - Director


Gwyliau Rhydolion Holidays Limited (Registered number: 07180775)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Gwyliau Rhydolion Holidays 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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets, including goodwill, are initially measured at cost. After initial recognition, they are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Fixed assets are initially recognised at their cost price and are subsequently recorded at cost, less accumulated depreciation and less amounts recognised in respect of impairment.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant & Machinery - 20% reducing balance
Improvments to property - 2% at cost

Investment property
Investment property was initially recognised at cost. The property is revalued to Fair Value at the end of each accounting period. As such the property is not depreciated as the net book value accurately reflects the market value as at the year end.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 year 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.

Gwyliau Rhydolion Holidays Limited (Registered number: 07180775)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 60,000
AMORTISATION
At 1 April 2023
and 31 March 2024 60,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 83,003
Additions 3,418
At 31 March 2024 86,421
DEPRECIATION
At 1 April 2023 36,924
Charge for year 3,423
At 31 March 2024 40,347
NET BOOK VALUE
At 31 March 2024 46,074
At 31 March 2023 46,079

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 137,724
NET BOOK VALUE
At 31 March 2024 137,724
At 31 March 2023 137,724

Gwyliau Rhydolion Holidays Limited (Registered number: 07180775)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

6. INVESTMENT PROPERTY - continued

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2021 32,000
Cost 105,724
137,724

If the property had not been revalued it would have been included at the following historical cost:

31.3.24 31.3.23
£    £   
Cost 105,724 105,724

Investment property was valued on an approximated market basis on 31 March 2020 by the Directors .

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other debtors 15,000 15,150

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 128 -
Taxation and social security 12,183 8,623
Other creditors 80,426 82,724
92,737 91,347

9. RESERVES
Fair
value
reserve
£   
At 1 April 2023
and 31 March 2024 25,920

10. RELATED PARTY DISCLOSURES

The loan accounts for both directors remained in credit throughout the year and at the year end had the
total sum of £73,543.36 owing (2023: £62,908.59).

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Gwyliau Rhydolion Holidays Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Gwyliau Rhydolion Holidays Limited for the year ended 31 March 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Gwyliau Rhydolion Holidays Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Gwyliau Rhydolion Holidays Limited and state those matters that we have agreed to state to the Board of Directors of Gwyliau Rhydolion Holidays Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Gwyliau Rhydolion Holidays Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Gwyliau Rhydolion Holidays Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Gwyliau Rhydolion Holidays Limited. You consider that Gwyliau Rhydolion Holidays Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Gwyliau Rhydolion Holidays Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Dunn & Ellis Cyf
Chartered Accountants
Adeilad St David's Building
Stryd Lombard Street
Porthmadog
Gwynedd
LL49 9AP


Date: .............................................