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REGISTERED NUMBER: 12448312 (England and Wales)














Unaudited Financial Statements

for the Year Ended 29th February 2024

for

TIR-Y-GAFEL LTD

TIR-Y-GAFEL LTD (Registered number: 12448312)






Contents of the Financial Statements
for the Year Ended 29th February 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


TIR-Y-GAFEL LTD

Company Information
for the Year Ended 29th February 2024







DIRECTORS: L J Wolstenholme
L Kleinjans
Mrs J B Sendall





SECRETARY: Ms K Taggart





REGISTERED OFFICE: Plas Helyg
Tir-Y-Gafel
Glandwr
WHITLAND
Carmarthenshire
SA34 0YD





REGISTERED NUMBER: 12448312 (England and Wales)

TIR-Y-GAFEL LTD (Registered number: 12448312)

Abridged Balance Sheet
29th February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 170 -

CURRENT ASSETS
Cash at bank and in hand 9,538 571

CREDITORS
Amounts falling due within one year 9,690 1,087
NET CURRENT LIABILITIES (152 ) (516 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

18

(516

)

CAPITAL AND RESERVES
Called up share capital 18 100
Revaluation reserve - 22,339
Retained earnings - (22,955 )
18 (516 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29th February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29th February 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.

TIR-Y-GAFEL LTD (Registered number: 12448312)

Abridged Balance Sheet - continued
29th February 2024


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 29th February 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 27th February 2025 and were signed on its behalf by:




L J Wolstenholme - Director



Mrs J B Sendall - Director


TIR-Y-GAFEL LTD (Registered number: 12448312)

Notes to the Financial Statements
for the Year Ended 29th February 2024

1. STATUTORY INFORMATION

TIR-Y-GAFEL 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.

Intangible assets
The Trademark has been recorded at cost.

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 NIL (2023 - NIL).

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
Additions 170
At 29th February 2024 170
NET BOOK VALUE

At 29th February 2024 170

TIR-Y-GAFEL LTD (Registered number: 12448312)

Notes to the Financial Statements - continued
for the Year Ended 29th February 2024

5. LAND AND BUILDINGS

The freehold title for the common areas of Tir-Y-Gafel is owned by the company. The freehold was transferred from Lammas Low Impact Initiatives Limited for nil consideration on the 14th March 2020.

The common areas of Tir-Y-Gafel include the Community Hub building and the Hydro-electric infrastructure.

6. SHARE CAPITAL

As a result of a Court Order dated 4th September 2024, it was resolved that the share capital of the Company of £100 was contrary to the terms of the mediation agreement dated 5th March 2018. It was intended from the mediation agreement that all plot owners were to be equal shareholders, and as such the issued share capital was corrected to show a total share capital of £18, being an equal shareholding to all nine plot holders with each plot having two shares.