REGISTERED NUMBER: OC429377 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Set Fawr PAC

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

Mr D T Pritchard

Mr J D Ellis

REGISTERED OFFICE:

5 Nant Ffynnon

Nant Peris

Caernarfon

Gwynedd

LL55 4UG

REGISTERED NUMBER:

OC429377 (England and Wales)

ACCOUNTANTS:

Dunn & Ellis Cyf

Chartered Accountants

Adeilad St David's Building

Stryd Lombard Street

Porthmadog

Gwynedd

LL49 9AP

FIXED ASSETS

Property, plant and equipment

4

105,442

107,755

CURRENT ASSETS

Cash at bank

623

159

CREDITORS

Amounts falling due within one year

5

738

757

NET CURRENT LIABILITIES

(115

)

(598

)

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS

105,327

107,157

LOANS AND OTHER DEBTS DUE TO MEMBERS

6

105,327

107,157

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

6

105,327

107,157

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 31 March 2025.

The members acknowledge their responsibilities for:

(a)	ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the LLP 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 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

The financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 22 October 2025 and were signed by:

Mr J D Ellis - Designated member

Mr D T Pritchard - Designated member

1.	STATUTORY INFORMATION

Set Fawr PAC is registered in England and Wales. The LLP's registered number and registered office address can be found on the General 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 requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. The financial statements have been prepared under the historical cost convention.

Tangible fixed assets

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

Freehold property

-

2% on cost

Improvements to property

-

2% on cost

3.	EMPLOYEE INFORMATION

The average number of employees during the year was NIL (2024 - NIL).

4.	PROPERTY, PLANT AND EQUIPMENT

Improvements

Freehold

to

property

property

Totals

£

£

£

COST

At 1 April 2024

and 31 March 2025

58,177

57,486

115,663

DEPRECIATION

At 1 April 2024

4,654

3,254

7,908

Charge for year

1,164

1,149

2,313

At 31 March 2025

5,818

4,403

10,221

NET BOOK VALUE

At 31 March 2025

52,359

53,083

105,442

At 31 March 2024

53,523

54,232

107,755

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

-

1

Other creditors

738

756

738

757

6.

LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank equally with debts due to unsecured creditors in the event of a winding up.

There is no provision for specific legally enforceable protection afforded to creditors in such an event.

There are no restrictions or limitations on the ability of the members to reduce the amount of 'Members' other interests.