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Registration number: 05490990

Maesyfelin Care Home Ltd
Annual Report and Unaudited Financial Statements
for the Year Ended 30 June 2025

Maesyfelin Care Home Ltd

Contents

Company Information | 1
Balance Sheet | 2
Notes to the Financial Statements | 3 to 7

Maesyfelin Care Home Ltd

Company Information

Directors | Stuart Allan Samuel Lauren Keturah Samuel Lee William Clifford Wrightson

Registered office | Maesyfelin Care Home Drefach Llanybydder SA40 9YB

Maesyfelin Care Home Ltd

(Registration number: 05490990)
Balance Sheet as at 30 June 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Intangible assets | 4 | 36,000 | 42,000
Tangible assets | 5 | 43,821 | 50,163
|  | 79,821 | 92,163
Current assets |  |  |
Stocks | 6 | 955 | -
Debtors | 7 | 13,386 | 12,195
Cash at bank and in hand |  | 37,993 | 40,393
|  | 52,334 | 52,588
Creditors: Amounts falling due within one year | 8 | (45,395) | (49,801)
Net current assets |  | 6,939 | 2,787
Net assets |  | 86,760 | 94,950
Capital and reserves |  |  |
Called up share capital |  | 200 | 200
Profit and loss account |  | 86,560 | 94,750
Total equity |  | 86,760 | 94,950

For the financial year ending 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 20 August 2025 and signed on its behalf by:

......................................... Stuart Allan Samuel Director | ......................................... Lauren Keturah Samuel Director | ......................................... Lee William Clifford Wrightson Director

Maesyfelin Care Home Ltd

Notes to the Financial Statements for the Year Ended 30 June 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Maesyfelin Care Home
Drefach
Llanybydder
SA40 9YB

These financial statements were authorised for issue by the Board on 20 August 2025.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Maesyfelin Care Home Ltd

Notes to the Financial Statements for the Year Ended 30 June 2025

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Motor vehicles | 25% reducing balance basis
Equipment | 25% reducing balance basis
Fixtures and fittings | 20% reducing balance basis

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Maesyfelin Care Home Ltd

Notes to the Financial Statements for the Year Ended 30 June 2025

Creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 29 (2024 - 29).

Maesyfelin Care Home Ltd

Notes to the Financial Statements for the Year Ended 30 June 2025

4 | Intangible assets

| Goodwill £ | Total £
Cost or valuation
At 1 July 2024 | 120,000 | 120,000
At 30 June 2025 | 120,000 | 120,000
Amortisation
At 1 July 2024 | 78,000 | 78,000
Amortisation charge | 6,000 | 6,000
At 30 June 2025 | 84,000 | 84,000
Carrying amount
At 30 June 2025 | 36,000 | 36,000
At 30 June 2024 | 42,000 | 42,000

Revalued assets for the year ended 30 June 2024

5 | Tangible assets

| Properties under construction £ | Fixtures and fittings £ | Plant and machinery £ | Total £
Cost or valuation
At 1 July 2024 | 10,598 | 36,897 | 70,201 | 117,696
Additions | - | 1,187 | 2,312 | 3,499
At 30 June 2025 | 10,598 | 38,084 | 72,513 | 121,195
Depreciation
At 1 July 2024 | - | 25,481 | 42,052 | 67,533
Charge for the year | - | 2,481 | 7,360 | 9,841
At 30 June 2025 | - | 27,962 | 49,412 | 77,374
Carrying amount
At 30 June 2025 | 10,598 | 10,122 | 23,101 | 43,821
At 30 June 2024 | 10,598 | 11,416 | 28,149 | 50,163

Maesyfelin Care Home Ltd

Notes to the Financial Statements for the Year Ended 30 June 2025

6 | Stocks

| 2025 £ | 2024 £
Other inventories | 955 | -

7 | Debtors

| 2025 £ | 2024 £
Trade debtors | 9,283 | 7,416
Prepayments | 4,103 | 4,779
| 13,386 | 12,195

8 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Trade creditors |  | 564 | 7,518
Other related parties |  | - | 25,925
Corporation tax liability |  | 13,617 | 6,215
Other creditors |  | 31,214 | 10,143
|  | 45,395 | 49,801

9 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary of £1 each | 200 | 200 | 200 | 200

10 | Non adjusting events after the financial period

On 1st July 2025, the ownership of the company transferred to new shareholders. The business operations remain unchanged. This event occurred after the balance sheet date and does not affect the financial position as at 30 June 2025.