Gwyliwr Seren Limited

Financial Statements for the Year Ended 31 December 2024

DIRECTORS:

I L Roberts

J E L Roberts

REGISTERED OFFICE:

Radnor House

Greenwood Close

Cardiff Gate Business Park

Cardiff

CF23 8AA

REGISTERED NUMBER:

08796612 (England and Wales)

ACCOUNTANTS:

BPU Limited

Chartered Accountants

Radnor House

Greenwood Close

Cardiff Gate Business Park

Cardiff

CF23 8AA

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Gwyliwr Seren Limited for the year ended 31 December 2024 which comprise the Profit and Loss, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Gwyliwr Seren Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Gwyliwr Seren Limited and state those matters that we have agreed to state to the Board of Directors of Gwyliwr Seren Limited, as a body, in this report in accordance with icaew/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Gwyliwr Seren Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Gwyliwr Seren Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Gwyliwr Seren Limited. You consider that Gwyliwr Seren Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Gwyliwr Seren Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

BPU Limited

Chartered Accountants

22 September 2025

FIXED ASSETS

Tangible assets

3

457

855

CURRENT ASSETS

Stocks

2,500

4,000

Cash at bank and in hand

5,718

10,386

8,218

14,386

CREDITORS

Amounts falling due within one year

4

56,651

26,054

NET CURRENT LIABILITIES

(48,433

)

(11,668

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(47,976

)

(10,813

)

CREDITORS

Amounts falling due after more than one year

5

4,229

12,963

NET LIABILITIES

(52,205

)

(23,776

)

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

(52,206

)

(23,777

)

SHAREHOLDERS' FUNDS

(52,205

)

(23,776

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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 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 Profit and Loss has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 September 2025 and were signed on its behalf by:

I L Roberts - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These accounts have been prepared on the going concern basis, on the understanding that the director will continue to financially support the company.

Turnover

Turnover is the value of sales net of value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

33% straight line

Stocks

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

2.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 4 ) .

3.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 January 2024

2,025

Additions

116

At 31 December 2024

2,141

DEPRECIATION

At 1 January 2024

1,170

Charge for year

514

At 31 December 2024

1,684

NET BOOK VALUE

At 31 December 2024

457

At 31 December 2023

855

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

8,128

7,927

Trade creditors

59

4,121

Taxes & social security costs

5,126

4,655

Other creditors & accruals

43,338

9,351

56,651

26,054

5.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

4,229

12,963

6.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

2024

2023

£

£

H Roberts

Balance outstanding at start of year

-

16,178

Amounts repaid

-

(16,178

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

-