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REGISTERED NUMBER: 04026115 (Wales)















Unaudited Financial Statements for the Year Ended 31st December 2024

for

Deudraeth Cyf

Deudraeth Cyf (Registered number: 04026115)






Contents of the Financial Statements
for the Year Ended 31st December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Deudraeth Cyf

Company Information
for the Year Ended 31st December 2024







DIRECTORS: D W Jones
M Jones
H Williams
M Williams
Ms L Griffin
A R Milcoy
J W Thomas





SECRETARY: M Williams





REGISTERED OFFICE: Llys Deudraeth
Stryd Fawr
Penrhyndeudraeth
Gwynedd
LL48 6BL





REGISTERED NUMBER: 04026115 (Wales)





ACCOUNTANTS: A.Hughes-Jones, Dyson & Co.
Capel Moreia
South Penrallt
Caernarfon
Gwynedd
LL55 1NS

Deudraeth Cyf (Registered number: 04026115)

Balance Sheet
31st December 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 55,969 60,904

CURRENT ASSETS
Debtors 5 333 333
Cash at bank 34,091 26,942
34,424 27,275
CREDITORS
Amounts falling due within one year 6 13,184 14,328
NET CURRENT ASSETS 21,240 12,947
TOTAL ASSETS LESS CURRENT
LIABILITIES

77,209

73,851

RESERVES
Fair value reserve 7 46,249 46,249
Income and expenditure account 30,960 27,602
77,209 73,851

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

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

Deudraeth Cyf (Registered number: 04026115)

Balance Sheet - continued
31st December 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 9th June 2025 and were signed on its behalf by:




D W Jones - Director



M Jones - Director


Deudraeth Cyf (Registered number: 04026115)

Notes to the Financial Statements
for the Year Ended 31st December 2024

1. STATUTORY INFORMATION

Deudraeth Cyf is a private company, limited by guarantee , registered in 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.
Land and buildings - 5% on cost
Plant and machinery etc - 20% on 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 1 (2023 - 1 ) .

Deudraeth Cyf (Registered number: 04026115)

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

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1st January 2024 190,000 43,957 233,957
Additions - 318 318
At 31st December 2024 190,000 44,275 234,275
DEPRECIATION
At 1st January 2024 130,000 43,053 173,053
Charge for year 5,000 253 5,253
At 31st December 2024 135,000 43,306 178,306
NET BOOK VALUE
At 31st December 2024 55,000 969 55,969
At 31st December 2023 60,000 904 60,904

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 333 333

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans and overdrafts 3,115 4,899
Taxation and social security 1,853 1,635
Other creditors 8,216 7,794
13,184 14,328

7. RESERVES
Fair
value
reserve
£   
At 1st January 2024
and 31st December 2024 46,249