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REGISTERED NUMBER: 00299695 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

GWENETH ESTATES LIMITED

GWENETH ESTATES LIMITED (REGISTERED NUMBER: 00299695)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 3 |

GWENETH ESTATES LIMITED

COMPANY INFORMATION

FOR THE YEAR ENDED 31 MARCH 2025

| DIRECTOR: | Mrs P S Graham

| SECRETARY: | Mr M C K See

| REGISTERED OFFICE: | S2 Mill House Centre

| 108 Commercial Road

| Totton

| Southampton

| Hampshire

| SO40 3AE

| REGISTERED NUMBER: | 00299695 (England and Wales)

| ACCOUNTANTS: | TBW Accountancy Limited

| S2 Mill House Centre

| 108 Commercial Road

| Totton

| Southampton

| Hampshire

| SO40 3AE

GWENETH ESTATES LIMITED (REGISTERED NUMBER: 00299695)

BALANCE SHEET

31 MARCH 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Investment property | 4 | 18,200 |  | 18,200 |  |

CURRENT ASSETS

Debtors | 5 | 79,709 |  | 79,901 |  |

CREDITORS

Amounts falling due within one year | 6 | - |  | 193 |  |

NET CURRENT ASSETS | 79,709 |  | 79,708 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 97,909 |  | 97,908 |  |

CAPITAL AND RESERVES

Called up share capital | 10,900 |  | 10,900 |  |

Revaluation reserve | 7 | 16,143 |  | 16,143 |  |

Retained earnings | 7 | 70,866 |  | 70,865 |  |

SHAREHOLDERS' FUNDS | 97,909 |  | 97,908 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 director and authorised for issue on 1 September 2025 and were signed by:

Mrs P S Graham - Director

GWENETH ESTATES LIMITED (REGISTERED NUMBER: 00299695)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1. | STATUTORY INFORMATION

| Gweneth Estates Limited 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 as modified by the revaluation of certain assets.

| Related party exemption

| The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

| Significant judgements and estimates

| In the application of the Company's accounting policies, management is required to make judgements, estimates and assumptions about the carrying value of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

| The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

| The key sources of estimation uncertainty that have a significant effect on the amounts recognised in the financial statements are described below.

| Valuation of investment property

| As described in the notes to the financial statements, investment property are stated at fair value based on valuation performed by an independent professional valuer Fussell Consultancy with recent experience in the location and category of property valued. The valuer used observable market prices adjusted as necessary for any difference in the future, location or condition of the specific asset.

| Turnover

| All the Company's turnover and pre-tax profit was derived from the activities referred to on the Directors' Report. Turnover represents the rents receivable in respect of the year.

| Investment properties

| Investment properties are properties held for long term rental yields and include those that are being constructed or developed for future use as investment properties.

| Investment properties are initially recognised at cost and subsequently carried at fair value, determined by independent professional valuers. Changes in fair value are recognised in the profit and loss account and transferred to investment property revaluation reserves.

| Investment properties are subject to renovations or improvements at regular intervals. The cost of major renovations and improvements is capitalised and the carrying amounts of the replaced components are recognised in profit or loss. The cost of maintenance, repairs and minor improvements is recognised in profit or loss when incurred.

| On disposal of an investment property, the difference between the disposal proceeds and the carrying amount is recognised in profit or loss.

GWENETH ESTATES LIMITED (REGISTERED NUMBER: 00299695)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

2. | ACCOUNTING POLICIES - continued

| 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.

| Taxation

| 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 NIL (2024 - NIL).

4. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1 April 2024

| and 31 March 2025 | 18,200 |  |

| NET BOOK VALUE

| At 31 March 2025 | 18,200 |  |

| At 31 March 2024 | 18,200 |  |

| Fair value at 31 March 2025 is represented by:

£ |

| Valuation in 2015 | 16,143 |  |

| Cost | 2,057 |  |

18,200 |  |

| If investment property had not been revalued it would have been included at the following historical cost:

2025 | 2024 |

£ | £ |

| Cost | 2,057 |  | 2,057 |  |

| Investment property was valued on an open market basis on 31 March 2015 by Fussell Consultancy MRICS .

| There has been no material changes to the valuation of the properties in the current year.

GWENETH ESTATES LIMITED (REGISTERED NUMBER: 00299695)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade debtors | 981 |  | - |  |

| Amounts owed by group undertakings | 77,878 |  | 78,627 |  |

| Prepayments | 850 |  | 1,274 |  |

79,709 |  | 79,901 |  |

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Accruals and deferred income | - |  | 193 |  |

7. | RESERVES

| Retained |  | Revaluation |

| earnings |  | reserve |  | Totals

£ | £ | £ |

| At 1 April 2024 | 70,865 |  | 16,143 |  | 87,008 |  |

| Profit for the year | 1 |  | - |  | 1 |  |

| At 31 March 2025 | 70,866 |  | 16,143 |  | 87,009 |  |

8. | ULTIMATE CONTROLLING PARTY

| The director regards Strollmoor Limited, a company incorporated in the United Kingdom and registered in England and Wales, as the immediate parent company, and Olivia Holding Corporation, a company incorporated in Panama, as the ultimate parent company.

| At the year end the parent undertaking of the smallest and largest group of undertakings for which group financial statements are drawn up and of which the company is a member is Strollmoor Limited, incorporated in the United Kingdom. The registered office address of Strollmoor Limited is S2 Mill House Centre, 108 Commercial Road, Southampton SO40 3AE.

| Strollmoor Limited produce group accounts, copies of which can be obtained from the Registrar of Companies, Companies House, Crown Way, Cardiff CF4 3YA.

| The ultimate controlling party is the director, Mrs Priscilla Graham.