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REGISTERED NUMBER: 05407200 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Eiddo ELC Cyf

Eiddo ELC Cyf (Registered number: 05407200)






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

Eiddo ELC Cyf

Company Information
for the Year Ended 31 March 2024







DIRECTOR: Mr E Cullen





SECRETARY: Mr E Cullen





REGISTERED OFFICE: St David's Building
Lombard Street
Porthmadog
Gwynedd
LL49 9AP





REGISTERED NUMBER: 05407200 (England and Wales)





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

Eiddo ELC Cyf (Registered number: 05407200)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,010 3,551
Investment property 5 732,317 728,415
735,327 731,966

CURRENT ASSETS
Investments 6 4,438 4,438
Cash in hand 100 100
4,538 4,538
CREDITORS
Amounts falling due within one year 7 390,058 300,925
NET CURRENT LIABILITIES (385,520 ) (296,387 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

349,807

435,579

CREDITORS
Amounts falling due after more than one
year

8

-

(89,058

)

PROVISIONS FOR LIABILITIES (64,510 ) (63,872 )
NET ASSETS 285,297 282,649

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 9 272,579 269,418
Retained earnings 12,618 13,131
SHAREHOLDERS' FUNDS 285,297 282,649

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 his 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.

Eiddo ELC Cyf (Registered number: 05407200)

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 21 November 2024 and were signed by:





Mr E Cullen - Director


Eiddo ELC Cyf (Registered number: 05407200)

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

1. STATUTORY INFORMATION

Eiddo ELC Cyf 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.

The director has considered the basis for the preparation of the financial statements and considers the going concern basis to be the most suitable. The financial statements have thus been prepared on the assumption that the company is able to carry on its business as a going concern.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on reducing balance

Fixed assets are stated at their cost pries, lass accumulated depreciation and less amounts
recognized in respect of impairement

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
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 year was NIL (2023 - NIL).

Eiddo ELC Cyf (Registered number: 05407200)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023
and 31 March 2024 16,634
DEPRECIATION
At 1 April 2023 13,083
Charge for year 541
At 31 March 2024 13,624
NET BOOK VALUE
At 31 March 2024 3,010
At 31 March 2023 3,551

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 728,415
Additions 3,902
At 31 March 2024 732,317
NET BOOK VALUE
At 31 March 2024 732,317
At 31 March 2023 728,415

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2016 33,448
Valuation in 2017 2,271
Valuation in 2018 (24,727 )
Valuation in 2020 223,550
Valuation in 2022 74,862
Valuation in 2023 23,211
Valuation in 2024 3,902
Cost 395,800
732,317

If the properties had not been revalued they would have been included at the following historical cost:

31.3.24 31.3.23
£    £   
Cost 395,800 395,800

The residential properties were valued on an estimated market basis on 31 March 2024 by the director .

Eiddo ELC Cyf (Registered number: 05407200)

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

6. CURRENT ASSET INVESTMENTS
31.3.24 31.3.23
£    £   
SFP Entitlements 4,438 4,438

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts - 1,632
Trade creditors 6,969 -
Taxation and social security - 3,611
Other creditors 383,089 295,682
390,058 300,925

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans - 89,058

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 82,529

9. RESERVES
Revaluation
reserve
£   
At 1 April 2023 269,418
Transfers 3,161

At 31 March 2024 272,579

10. RELATED PARTY DISCLOSURES

No dividends were allocated to the director during the year.

During the year the director of the company accumulated funds within a director's current accounts, which at the year end amounted to a total of £335,420 (2023: £248,062.)

11. ULTIMATE CONTROLLING PARTY

The controlling party is Mr E Cullen.

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Eiddo ELC Cyf

The following reproduces the text of the report prepared for the director 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 Director 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 Eiddo ELC Cyf 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 director of Eiddo ELC Cyf in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Eiddo ELC Cyf and state those matters that we have agreed to state to the director of Eiddo ELC Cyf 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 Eiddo ELC Cyf and its director for our work or for this report.

It is your duty to ensure that Eiddo ELC Cyf 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 Eiddo ELC Cyf. You consider that Eiddo ELC Cyf 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 Eiddo ELC Cyf. 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: .............................................