Bwlch Farm (Deganwy) Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 00881692 (England and Wales)

Unaudited Financial Statements for the Year Ended 31st December 2024

for

Bwlch Farm (Deganwy) Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S Simcox

J P H Simcox

SECRETARY:

S Simcox

REGISTERED OFFICE:

Bwlch Farm Caravan Park

Bwlch Farm Road

Deganwy

Conwy

Gwynedd

LL31 9YS

REGISTERED NUMBER:

00881692 (England and Wales)

ACCOUNTANTS:

A.Hughes-Jones, Dyson & Co.

Capel Moreia

South Penrallt

Caernarfon

Gwynedd

LL55 1NS

FIXED ASSETS

Tangible assets

4

1,273,790

1,271,544

CURRENT ASSETS

Stocks

4,923

18,250

Debtors

5

72,869

47,858

Cash at bank

39,105

50,434

116,897

116,542

CREDITORS

Amounts falling due within one year

6

19,762

9,503

NET CURRENT ASSETS

97,135

107,039

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,370,925

1,378,583

PROVISIONS FOR LIABILITIES

193,448

NET ASSETS

1,177,477

1,185,135

CAPITAL AND RESERVES

Called up share capital

2,500

Profit & loss (non-distributab le)

(14,080

)

(14,080

)

Fair value reserve

7

990,096

Retained earnings

198,961

206,619

SHAREHOLDERS' FUNDS

1,177,477

1,185,135

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 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26th September 2025 and were signed on its behalf by:

S Simcox - Director

1.	STATUTORY INFORMATION

Bwlch Farm (Deganwy) 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.

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

-

25% 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.

Hire purchase and leasing commitments

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

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

COST

At 1st January 2024

1,250,000

72,569

1,322,569

Additions

-

6,964

At 31st December 2024

1,250,000

79,533

1,329,533

DEPRECIATION

At 1st January 2024

-

51,025

Charge for year

-

4,718

At 31st December 2024

-

55,743

NET BOOK VALUE

At 31st December 2024

1,250,000

23,790

1,273,790

At 31st December 2023

1,250,000

21,544

1,271,544

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Trade debtors

1,630

600

Other debtors

71,239

47,258

72,869

47,858

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Taxation and social security

3,072

6,344

Other creditors

16,690

3,159

19,762

9,503

7.

RESERVES

Fair

value

reserve

£

At 1st January 2024

and 31st December 2024

990,096