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REGISTERED NUMBER: 12059347 (England and Wales)
























Unaudited Financial Statements

for the Year Ended 30 June 2024

for

Mynachdy Limited

Mynachdy Limited (Registered number: 12059347)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Mynachdy Limited

Company Information
for the Year Ended 30 June 2024







Directors: M J Isaac
D M Isaac





Secretary:





Registered office: Beudy Mynachdy Farm
Mynachdy Road
Ynysybwl
Pontypridd
Mid Glamorgan
CF37 3PP





Registered number: 12059347 (England and Wales)





Accountants: Curtis Bowden & Thomas Limited
Chartered Certified Accountants
101 Dunraven Street
Tonypandy
CF40 1AR

Mynachdy Limited (Registered number: 12059347)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
Fixed assets
Tangible assets 4 29,029 35,372

Current assets
Debtors 5 - 4,000
Cash at bank 2,167 7,204
2,167 11,204
Creditors
Amounts falling due within one year 6 13,081 12,000
Net current liabilities (10,914 ) (796 )
Total assets less current liabilities 18,115 34,576

Creditors
Amounts falling due after more than one
year

7

37,908

47,900
Net liabilities (19,793 ) (13,324 )

Capital and reserves
Called up share capital 100 100
Retained earnings (19,893 ) (13,424 )
Shareholders' funds (19,793 ) (13,324 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

Mynachdy Limited (Registered number: 12059347)

Balance Sheet - continued
30 June 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 13 January 2025 and were signed on its behalf by:





M J Isaac - Director


Mynachdy Limited (Registered number: 12059347)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. Statutory information

Mynachdy 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.
Plant and machinery etc - 25% on reducing balance

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.

3. Employees and directors

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

Mynachdy Limited (Registered number: 12059347)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

4. Tangible fixed assets
Plant and
machinery
etc
£   
Cost
At 1 July 2023
and 30 June 2024 57,300
Depreciation
At 1 July 2023 21,928
Charge for year 6,343
At 30 June 2024 28,271
Net book value
At 30 June 2024 29,029
At 30 June 2023 35,372

5. Debtors: amounts falling due within one year
30.6.24 30.6.23
£    £   
Other debtors - 4,000

6. Creditors: amounts falling due within one year
30.6.24 30.6.23
£    £   
Bank loans and overdrafts 5,000 5,000
Hire purchase contracts 5,000 5,000
Trade creditors 1 -
Other creditors 3,080 2,000
13,081 12,000

7. Creditors: amounts falling due after more than one year
30.6.24 30.6.23
£    £   
Bank loans 33,325 38,317
Hire purchase contracts 4,583 9,583
37,908 47,900

8. Secured debts

The following secured debts are included within creditors:

30.6.24 30.6.23
£    £   
Bank loans 38,325 43,317

Mynachdy Limited (Registered number: 12059347)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

9. Directors' advances, credits and guarantees

The following advances and credits to directors subsisted during the years ended 30 June 2024 and 30 June 2023:

30.6.24 30.6.23
£    £   
D M Isaac
Balance outstanding at start of year (1,000 ) 2,750
Amounts repaid - (3,750 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (1,000 ) (1,000 )

M J Isaac
Balance outstanding at start of year 4,000 2,750
Amounts advanced - 1,250
Amounts repaid (5,000 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (1,000 ) 4,000

10. Ultimate controlling party

The ultimate controlling party is The directors.