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REGISTERED NUMBER: OC429377 (England and Wales)















Unaudited Financial Statements

for the Period 1st November 2022 to 31st March 2024

for

Sêt Fawr PAC

Sêt Fawr PAC (Registered number: OC429377)






Contents of the Financial Statements
for the Period 1st November 2022 to 31st March 2024




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Sêt Fawr PAC

General Information
for the Period 1st November 2022 to 31st March 2024







DESIGNATED MEMBERS: Mr D T Pritchard
Mr J D Ellis





REGISTERED OFFICE: 5 Nant Ffynnon
Nant Peris
Caernarfon
Gwynedd
LL55 4UG





REGISTERED NUMBER: OC429377 (England and Wales)





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

Sêt Fawr PAC (Registered number: OC429377)

Balance Sheet
31st March 2024

31.3.24 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 107,755 108,814

CURRENT ASSETS
Cash at bank 159 593

CREDITORS
Amounts falling due within one year 5 757 690
NET CURRENT LIABILITIES (598 ) (97 )
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

107,157

108,717

LOANS AND OTHER DEBTS DUE TO
MEMBERS

6

107,157

108,717

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 6 107,157 108,717

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the period ended 31st March 2024.

The members acknowledge their responsibilities for:
(a)ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the LLP 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 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

Sêt Fawr PAC (Registered number: OC429377)

Balance Sheet - continued
31st March 2024


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

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 21st September 2024 and were signed by:




Mr J D Ellis - Designated member




Mr D T Pritchard - Designated member


Sêt Fawr PAC (Registered number: OC429377)

Notes to the Financial Statements
for the Period 1st November 2022 to 31st March 2024

1. STATUTORY INFORMATION

Sêt Fawr PAC is registered in England and Wales. The LLP's registered number and registered office address can be found on the General 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 requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. The financial statements have been prepared under the historical cost convention.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Improvements to property - 2% on cost

3. EMPLOYEE INFORMATION

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

4. PROPERTY, PLANT AND EQUIPMENT
Improvements
Freehold to
property property Totals
£    £    £   
COST
At 1st November 2022 58,177 56,232 114,409
Additions - 1,254 1,254
At 31st March 2024 58,177 57,486 115,663
DEPRECIATION
At 1st November 2022 3,491 2,104 5,595
Charge for period 1,163 1,150 2,313
At 31st March 2024 4,654 3,254 7,908
NET BOOK VALUE
At 31st March 2024 53,523 54,232 107,755
At 31st October 2022 54,686 54,128 108,814

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.10.22
£    £   
Trade creditors 1 -
Other creditors 756 690
757 690

Sêt Fawr PAC (Registered number: OC429377)

Notes to the Financial Statements - continued
for the Period 1st November 2022 to 31st March 2024

6. LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank equally with debts due to unsecured creditors in the event of a winding up.
There is no provision for specific legally enforceable protection afforded to creditors in such an event.
There are no restrictions or limitations on the ability of the members to reduce the amount of 'Members' other interests.