REGISTERED NUMBER: 01751129 (England and Wales)

Financial Statements for the Year Ended 31 July 2024

for

Arfon Dwyfor Training Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Alan Roberts

Mrs Anwen Glyn Davies

Mrs Jessie Roberts

Ronald Saunders Corkish

SECRETARY:

Alan Roberts

REGISTERED OFFICE:

Watergate House

85 Watergate Street

Chester

Cheshire

CH1 2LF

REGISTERED NUMBER:

01751129 (England and Wales)

BANKERS:

Lloyds Bank plc

268 High Street

Bangor

Gwynedd

LL57 1RT

FIXED ASSETS

Tangible assets

4

32,815

43,754

Investments

5

1,075,810

921,826

1,108,625

965,580

CURRENT ASSETS

Debtors

6

3,780,220

3,784,709

Cash at bank

437,476

479,447

4,217,696

4,264,156

CREDITORS

Amounts falling due within one year

7

25,333

9,425

NET CURRENT ASSETS

4,192,363

4,254,731

TOTAL ASSETS LESS CURRENT LIABILITIES

5,300,988

5,220,311

RESERVES

Income and expenditure account

5,300,988

5,220,311

5,300,988

5,220,311

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 surplus or deficit 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 26 March 2025 and were signed on its behalf by:

Alan Roberts - Director

1.	STATUTORY INFORMATION

Arfon Dwyfor Training Limited is a private company, limited by guarantee , 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.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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.

Motor vehicles

-

25% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised 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.

Leasing

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

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Short

Motor

leasehold

vehicles

Totals

£

£

£

COST

At 1 August 2023

86,735

53,004

139,739

Disposals

(86,735

)

-

(86,735

)

At 31 July 2024

-

53,004

53,004

DEPRECIATION

At 1 August 2023

86,735

9,250

95,985

Charge for year

-

10,939

10,939

Eliminated on disposal

(86,735

)

-

(86,735

)

At 31 July 2024

-

20,189

20,189

NET BOOK VALUE

At 31 July 2024

-

32,815

32,815

At 31 July 2023

-

43,754

43,754

5.	FIXED ASSET INVESTMENTS

Shares in

group

Other

undertakings

investments

Totals

£

£

£

COST OR VALUATION

At 1 August 2023

200

921,626

921,826

Additions

-

1,119,286

1,119,286

Disposals

-

(972,506

)

(972,506

)

Revaluations

-

7,204

7,204

At 31 July 2024

200

1,075,610

1,075,810

NET BOOK VALUE

At 31 July 2024

200

1,075,610

1,075,810

At 31 July 2023

200

921,626

921,826

Cost or valuation at 31 July 2024 is represented by:

Shares in

group

Other

undertakings

investments

Totals

£

£

£

Valuation in 2024

-

28,426

28,426

Cost

200

1,047,184

1,047,384

200

1,075,610

1,075,810

The investments in subsidiary companies have not been revalued as, in the opinion of the directors, this cannot be reliably determined.

The other investment is a General Investment Account. The value is restated to open market valuation as reported by the provider, Aviva.

6.

DEBTORS

2024

2023

£

£

Amounts falling due within one year:

Trade debtors

6,794

14,027

Amounts owed by group undertakings

80,956

71,117

Other debtors

22,263

29,494

110,013

114,638

2024

2023

£

£

Amounts falling due after more than one year:

Amounts owed by group undertakings

3,670,207

3,670,071

Aggregate amounts

3,780,220

3,784,709

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

3,475

9,055

Taxation and social security

20,459

-

Other creditors

1,399

370

25,333

9,425

8.	GUARANTEES AND OTHER FINANCIAL COMMITMENTS

The company had total guarantees and commitments at the balance sheet date of £NIL (2023 - £5,743).

9.	LIMITED BY GUARANTEE

The Company is limited by guarantee and does not have a share capital.

Each member of the Company undertakes to contribute such amount as may be required (limited to £10), to the assets of the Company, in the event that it should be wound up whilst such party is a member or within one year after such party ceases to be a member.