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REGISTERED NUMBER: 00539946 (England and Wales)










Towyn Wholesale Meat Company Limited

Unaudited Financial Statements

for the Year Ended 30 June 2024






Towyn Wholesale Meat Company Limited (Registered number: 00539946)






Contents of the Financial Statements
for the year ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Towyn Wholesale Meat Company Limited

Company Information
for the year ended 30 June 2024







DIRECTORS: Mrs B Evans
Mrs M A Meredith





SECRETARY: Mrs M A Meredith





REGISTERED OFFICE: Esguan
Tywyn
Gwynedd
LL36 9HR





REGISTERED NUMBER: 00539946 (England and Wales)





ACCOUNTANTS: Salisbury & Company
Chartered Accountants
Irish Square
Upper Denbigh Road
St Asaph
Denbighshire
LL17 0RN

Towyn Wholesale Meat Company Limited (Registered number: 00539946)

Balance Sheet
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 68 78
Investment property 5 259,000 259,000
259,068 259,078

CURRENT ASSETS
Debtors 6 2,457 2,550
Cash at bank 28,516 22,744
30,973 25,294
CREDITORS
Amounts falling due within one year 7 2,862 1,779
NET CURRENT ASSETS 28,111 23,515
TOTAL ASSETS LESS CURRENT
LIABILITIES

287,179

282,593

PROVISIONS FOR LIABILITIES 13,926 13,926
NET ASSETS 273,253 268,667

CAPITAL AND RESERVES
Called up share capital 3,450 3,450
Non- distributable reserve 8 161,125 161,125
Retained earnings 108,678 104,092
273,253 268,667

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.

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 17 March 2025 and were signed on its behalf by:





Mrs M A Meredith - Director


Towyn Wholesale Meat Company Limited (Registered number: 00539946)

Notes to the Financial Statements
for the year ended 30 June 2024

1. STATUTORY INFORMATION

Towyn Wholesale Meat Company 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 as modified by the revaluation of certain assets.

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 - 15% on reducing balance and 10% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

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

Towyn Wholesale Meat Company Limited (Registered number: 00539946)

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 15,325
DEPRECIATION
At 1 July 2023 15,247
Charge for year 10
At 30 June 2024 15,257
NET BOOK VALUE
At 30 June 2024 68
At 30 June 2023 78

5. INVESTMENT PROPERTY
Total
£   
COST OR VALUATION
At 1 July 2023
and 30 June 2024 259,000
NET BOOK VALUE
At 30 June 2024 259,000
At 30 June 2023 259,000

The freehold investment properties were acquired on 1 May 1990. The freehold investment properties have been valued at £259,000 by the directors on 30th June 2024. The cost was £84,259.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 878 2,100
Other debtors 1,579 450
2,457 2,550

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 1,032 10
Other creditors 1,830 1,769
2,862 1,779

8. RESERVES
Non-
distributable
reserve
£   
At 1 July 2023
and 30 June 2024 161,125

9. ULTIMATE CONTROLLING PARTY

The controlling party is The Estate of Sir R E M Rees CBE.