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REGISTERED NUMBER: 14114546 (England and Wales)















FINANCIAL STATEMENTS

FOR THE PERIOD 1ST JUNE 2023 TO 31ST MARCH 2024

FOR

CLYNDERWEN FARM DAIRY LIMITED

CLYNDERWEN FARM DAIRY LIMITED (REGISTERED NUMBER: 14114546)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CLYNDERWEN FARM DAIRY LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1ST JUNE 2023 TO 31ST MARCH 2024







DIRECTORS: G L Roblin
G L Roblin





REGISTERED OFFICE: Pembroke House
Llantarnam Park Way
Cwmbran
Torfaen
NP44 3AU





REGISTERED NUMBER: 14114546 (England and Wales)





ACCOUNTANTS: Green & Co
Chartered Certified Accountants
Pembroke House
Llantarnam Park Way
Cwmbran
Torfaen
NP44 3AU

CLYNDERWEN FARM DAIRY LIMITED (REGISTERED NUMBER: 14114546)

BALANCE SHEET
31ST MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 177,857 177,032
Investments 5 84,198 84,198
Herd basis 6 460,800 482,400
722,855 743,630

CURRENT ASSETS
Stocks 86,160 95,040
Debtors 7 76,567 80,667
Cash at bank 169,703 156,464
332,430 332,171
CREDITORS
Amounts falling due within one year 8 194,269 293,959
NET CURRENT ASSETS 138,161 38,212
TOTAL ASSETS LESS CURRENT
LIABILITIES

861,016

781,842

CREDITORS
Amounts falling due after more than one
year

9

(676,479

)

(668,708

)

PROVISIONS FOR LIABILITIES (27,748 ) (20,360 )
NET ASSETS 156,789 92,774

CLYNDERWEN FARM DAIRY LIMITED (REGISTERED NUMBER: 14114546)

BALANCE SHEET - continued
31ST MARCH 2024

2024 2023
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 156,689 92,674
SHAREHOLDERS' FUNDS 156,789 92,774

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31st 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1st November 2024 and were signed on its behalf by:





G L Roblin - Director


CLYNDERWEN FARM DAIRY LIMITED (REGISTERED NUMBER: 14114546)

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

1. STATUTORY INFORMATION

Clynderwen Farm Dairy 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.

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.
Freehold property - Not provided
Plant and machinery - 10% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.


CLYNDERWEN FARM DAIRY LIMITED (REGISTERED NUMBER: 14114546)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1ST JUNE 2023 TO 31ST 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 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 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.

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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 (2023 - 2 ) .

CLYNDERWEN FARM DAIRY LIMITED (REGISTERED NUMBER: 14114546)

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

4. TANGIBLE FIXED ASSETS
Freehold Plant and
property machinery Totals
£    £    £   
COST
At 1st June 2023 23,325 170,785 194,110
Additions - 17,995 17,995
At 31st March 2024 23,325 188,780 212,105
DEPRECIATION
At 1st June 2023 - 17,078 17,078
Charge for period - 17,170 17,170
At 31st March 2024 - 34,248 34,248
NET BOOK VALUE
At 31st March 2024 23,325 154,532 177,857
At 31st May 2023 23,325 153,707 177,032

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1st June 2023
and 31st March 2024 106,700
DEPRECIATION
At 1st June 2023 10,670
Charge for period 9,603
At 31st March 2024 20,273
NET BOOK VALUE
At 31st March 2024 86,427
At 31st May 2023 96,030

CLYNDERWEN FARM DAIRY LIMITED (REGISTERED NUMBER: 14114546)

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

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1st June 2023
and 31st March 2024 84,198
NET BOOK VALUE
At 31st March 2024 84,198
At 31st May 2023 84,198

6. HERD BASIS
Dairy
herd
basis
£   
COST
At 1st June 2023 482,400
Disposals (21,600 )
At 31st March 2024 460,800
NET BOOK VALUE
At 31st March 2024 460,800
At 31st May 2023 482,400

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 72,243 74,831
VAT 4,324 5,836
76,567 80,667

CLYNDERWEN FARM DAIRY LIMITED (REGISTERED NUMBER: 14114546)

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

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other loans 32,000 32,000
Hire purchase contracts 25,965 67,968
Trade creditors 29,614 52,437
Directors' current accounts 101,543 137,708
Accrued expenses 5,147 3,846
194,269 293,959

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Other loans - 2-5 years 96,000 96,000
Other loans more 5yrs instal 532,483 548,740
Hire purchase contracts 47,996 23,968
676,479 668,708

Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal 532,483 548,740

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
50 A Ordinary £1 50 50
50 B Ordinary £1 50 50
100 100

11. RELATED PARTY DISCLOSURES

At the period end the company had an outstanding credit balance owing to the director G L Roblin of £101,543 (2023 - £137,708).