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REGISTERED NUMBER: 04863400 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 August 2024

for

Castell Gorwyn Farm Ltd

Castell Gorwyn Farm Ltd (Registered number: 04863400)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Castell Gorwyn Farm Ltd

Company Information
for the Year Ended 31 August 2024







DIRECTORS: D V Davies
D A Davies
Mrs P E Davies





SECRETARY: D V Davies





REGISTERED OFFICE: Castell Gorwyn Farm
Meidrim
Carmarthen
SA33 5PR





REGISTERED NUMBER: 04863400 (England and Wales)





ACCOUNTANTS: Ashmole & Co.
Chartered Certified Accountants
The Old School
The Quay
Carmarthen
Carmarthenshire
SA31 3LN

Castell Gorwyn Farm Ltd (Registered number: 04863400)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 2 2
Tangible assets 5 49,035 54,596
49,037 54,598

CURRENT ASSETS
Stocks 142,140 139,330
Debtors 6 15,690 5,160
Cash at bank 62,429 48,180
220,259 192,670
CREDITORS
Amounts falling due within one year 7 293,331 310,208
NET CURRENT LIABILITIES (73,072 ) (117,538 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(24,035

)

(62,940

)

PROVISIONS FOR LIABILITIES 1,513 8,141
NET LIABILITIES (25,548 ) (71,081 )

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings (25,551 ) (71,084 )
(25,548 ) (71,081 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

Castell Gorwyn Farm Ltd (Registered number: 04863400)

Balance Sheet - continued
31 August 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 29 May 2025 and were signed on its behalf by:





D V Davies - Director


Castell Gorwyn Farm Ltd (Registered number: 04863400)

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

1. STATUTORY INFORMATION

Castell Gorwyn Farm 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 1 (2023 - 3 ) .

Castell Gorwyn Farm Ltd (Registered number: 04863400)

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2023
and 31 August 2024 98,544
AMORTISATION
At 1 September 2023
and 31 August 2024 98,542
NET BOOK VALUE
At 31 August 2024 2
At 31 August 2023 2

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2023 291,745
Additions 750
At 31 August 2024 292,495
DEPRECIATION
At 1 September 2023 237,149
Charge for year 6,311
At 31 August 2024 243,460
NET BOOK VALUE
At 31 August 2024 49,035
At 31 August 2023 54,596

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 10,087 1,831
Other debtors 5,603 3,329
15,690 5,160

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade creditors 8,647 21,466
Other creditors 284,684 288,742
293,331 310,208

Castell Gorwyn Farm Ltd (Registered number: 04863400)

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

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 August 2024 and 31 August 2023:

31.8.24 31.8.23
£    £   
D V Davies and D A Davies
Balance outstanding at start of year (288,741 ) (283,742 )
Amounts advanced 51,038 10,268
Amounts repaid (46,980 ) (15,267 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (284,683 ) (288,741 )