REGISTERED NUMBER: 08058090 (England and Wales)

TWCAN CYFYNGEDIG

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S G Saunders-Jones

O G Saunders-Jones

G Saunders-Jones

SECRETARY:

K Saunders-Jones

REGISTERED OFFICE:

Ysgubor Llawen

Monknash

Cowbridge

Vale of Glamorgan

CF71 7QQ

REGISTERED NUMBER:

08058090 (England and Wales)

ACCOUNTANTS:

MHA (trading name of MHA Advisory Ltd)

Elfed House

Oak Tree Court

Cardiff Gate Business Park

CARDIFF

County of Cardiff

CF23 8RS

FIXED ASSETS

Tangible assets

4

329

438

Investment property

5

1,067,000

1,044,750

1,067,329

1,045,188

CURRENT ASSETS

Debtors

6

5,657

6,658

Cash at bank

2,993

465

8,650

7,123

CREDITORS

Amounts falling due within one year

7

(62,704

)

(59,302

)

NET CURRENT LIABILITIES

(54,054

)

(52,179

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,013,275

993,009

CREDITORS

Amounts falling due after more than one year

8

(723,518

)

(728,771

)

NET ASSETS

289,757

264,238

CAPITAL AND RESERVES

Called up share capital

10

1,000

1,000

Fair value reserve

159,716

137,466

Retained earnings

129,041

125,772

SHAREHOLDERS' FUNDS

289,757

264,238

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 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 account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 October 2025 and were signed on its behalf by:

O G Saunders-Jones - Director

1.	STATUTORY INFORMATION

Twcan Cyfyngedig 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.

The company's functional and presentational currency in the financial statements is the Sterling (£), rounded to the nearest pound.

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

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.

There have been no material departures from Financial Reporting Standard 102 Section 1A.

Going concern

At 31 March 2025 the company had net current liabilities of £54,054. The going concern basis is considered appropriate for the preparation of the financial statements due to the continued financial support of the directors.

Turnover

Turnover represents rental income receivable for the year.

Tangible fixed assets

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

Fixtures & fittings

-

25% on reducing balance

Investment property

Investment property is included at fair value. Gains are recognised in the profit and loss statement. Deferred taxation is provided on these gains at the rate expected to apply when the asset is sold.

Financial instruments

Basic financial instruments are recognised at amortised cost.

Current taxation

Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the year and is calculated using the tax rates and laws that have been enacted or substantively enacted at 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 3 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

& fittings

£

COST

At 1 April 2024

and 31 March 2025

10,329

DEPRECIATION

At 1 April 2024

9,891

Charge for year

109

At 31 March 2025

10,000

NET BOOK VALUE

At 31 March 2025

329

At 31 March 2024

438

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

1,044,750

Revaluations

22,250

At 31 March 2025

1,067,000

NET BOOK VALUE

At 31 March 2025

1,067,000

At 31 March 2024

1,044,750

Fair value at 31 March 2025 is represented by:

£

Valuation in 2025

1,067,000

The investment property was valued on a fair value basis at 31 March 2025 by the directors who do not have formal valuation qualifications. In valuing the property the directors have considered future anticipated rental yields.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

-

1,959

Other debtors

2,136

-

Amount owed by related party

15

15

Prepayments and accrued income

3,506

4,684

5,657

6,658

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

50,095

46,686

Corporation tax

793

602

Other creditors

9,294

10,094

Accruals and deferred income

2,522

1,920

62,704

59,302

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans due 1-2 years

25,886

46,686

Bank loans due 2-5 years

519,771

511,444

Directors' current accounts

177,861

170,641

723,518

728,771

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

595,752

604,816

The bank loans are secured by way of fixed and floating charges over the freehold property.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

1,000

Ordinary

£1

1,000

1,000