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REGISTERED NUMBER: 09776091 (England and Wales)















GWYNEDD HOLDINGS LTD

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024






GWYNEDD HOLDINGS LTD (REGISTERED NUMBER: 09776091)

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


GWYNEDD HOLDINGS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: Mrs S O Pritchard





REGISTERED OFFICE: Cole Street Studios
6-8 Cole Street
London
SE1 4YH





REGISTERED NUMBER: 09776091 (England and Wales)





ACCOUNTANTS: UHA Limited T/A UH Accountants
Cole Street Studios
6-8 Cole Street
London
SE1 4YH

GWYNEDD HOLDINGS LTD (REGISTERED NUMBER: 09776091)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,238,954 2,652,635
Investment property 5 2,260,861 2,149,292
4,499,815 4,801,927

CURRENT ASSETS
Debtors 6 850,272 1,451,508
Cash at bank 352,246 356,591
1,202,518 1,808,099
CREDITORS
Amounts falling due within one year 7 1,211,388 2,213,120
NET CURRENT LIABILITIES (8,870 ) (405,021 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,490,945

4,396,906

CREDITORS
Amounts falling due after more than one
year

8

(147,055

)

(532,142

)

PROVISIONS FOR LIABILITIES (472,636 ) (337,479 )
NET ASSETS 3,871,254 3,527,285

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 3,871,154 3,527,185
SHAREHOLDERS' FUNDS 3,871,254 3,527,285

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 director acknowledges her 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.

GWYNEDD HOLDINGS LTD (REGISTERED NUMBER: 09776091)

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 director and authorised for issue on 14 October 2024 and were signed by:





Mrs S O Pritchard - Director


GWYNEDD HOLDINGS LTD (REGISTERED NUMBER: 09776091)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Gwynedd Holdings Ltd 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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on cost, 20% on cost and 15% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

GWYNEDD HOLDINGS LTD (REGISTERED NUMBER: 09776091)

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. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 April 2023 1,876,298 6,301 3,220,331 5,102,930
Additions 410,561 - 136,125 546,686
Disposals (36,950 ) - (628,768 ) (665,718 )
At 31 March 2024 2,249,909 6,301 2,727,688 4,983,898
DEPRECIATION
At 1 April 2023 1,198,866 2,265 1,249,164 2,450,295
Charge for year 309,383 1,102 602,143 912,628
Eliminated on disposal (36,394 ) - (581,585 ) (617,979 )
At 31 March 2024 1,471,855 3,367 1,269,722 2,744,944
NET BOOK VALUE
At 31 March 2024 778,054 2,934 1,457,966 2,238,954
At 31 March 2023 677,432 4,036 1,971,167 2,652,635

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 April 2023
and 31 March 2024 1,411,123
DEPRECIATION
At 1 April 2023 287,451
Charge for year 333,182
At 31 March 2024 620,633
NET BOOK VALUE
At 31 March 2024 790,490
At 31 March 2023 1,123,672

GWYNEDD HOLDINGS LTD (REGISTERED NUMBER: 09776091)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 2,149,292
Additions 111,569
At 31 March 2024 2,260,861
NET BOOK VALUE
At 31 March 2024 2,260,861
At 31 March 2023 2,149,292

The investment properties are stated at the directors estimate of their open market value which is the
same as the cost. The investment properties are let under operating leases.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 785,195 1,363,822
Other debtors 65,077 87,686
850,272 1,451,508

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts 385,088 669,238
Trade creditors 193,294 479,606
Taxation and social security 3,147 -
Other creditors 629,859 1,064,276
1,211,388 2,213,120

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts 147,055 532,142

9. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Hire purchase contracts 532,143 1,201,380

The hire purchase liabilities are secured on the assets concerned.

GWYNEDD HOLDINGS LTD (REGISTERED NUMBER: 09776091)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


10. ULTIMATE CONTROLLING PARTY

The controlling party is Mrs S O Pritchard.