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REGISTERED NUMBER: 07776738 (England and Wales)

CELTIC TIMBER LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

| CELTIC TIMBER LIMITED (REGISTERED NUMBER: 07776738) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page |

| Balance Sheet | 1 |

| Notes to the Financial Statements | 2 |

| CELTIC TIMBER LIMITED (REGISTERED NUMBER: 07776738) |

BALANCE SHEET

31 MARCH 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 4 | - |  | 10,000 |  |

CURRENT ASSETS

Debtors | 5 | 6,358 |  | 177,590 |  |

Investments | 6 | - |  | 15,000 |  |

Cash at bank | 988 |  | 27,785 |  |

7,346 |  | 220,375 |  |

CREDITORS

Amounts falling due within one year | 7 | (4,974 | ) | 30,309 |  |

NET CURRENT ASSETS | 12,320 |  | 190,066 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 12,320 |  | 200,066 |  |

CAPITAL AND RESERVES

Called up share capital | 200,010 |  | 200,010 |  |

Retained earnings | (187,690 | ) | 56 |  |

12,320 |  | 200,066 |  |

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 his 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 13 November 2025 and were signed by:

T G Goddard - Director

| CELTIC TIMBER LIMITED (REGISTERED NUMBER: 07776738) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1. | STATUTORY INFORMATION

| Celtic Timber Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

| Registered number: | 07776738

| Registered office: | The Causeway

| Camrose

| Haverfordwest

| Pembrokeshire

| SA62 6HG

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.

| Goodwill

| Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. The director is of the opinion that the Goodwill has held its value and therefore the cumulative amortization to date has been written back in these accounts.

| Taxation

| Taxation for the year comprises current 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 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.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 1 (2024 - 1 ) .

4. | INTANGIBLE FIXED ASSETS

| Goodwill

£ |

| COST

| At 1 April 2024 | 10,000 |  |

| Disposals | (10,000 | ) |

| At 31 March 2025 | - |  |

| NET BOOK VALUE

| At 31 March 2025 | - |  |

| At 31 March 2024 | 10,000 |  |

5. | DEBTORS

2025 | 2024 |

£ | £ |

| Amounts falling due within one year:

| Other debtors | 6,358 |  | 6,452 |  |

| CELTIC TIMBER LIMITED (REGISTERED NUMBER: 07776738) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

5. | DEBTORS - continued

2025 | 2024 |

£ | £ |

| Amounts falling due after more than one year:

| Trade debtors | - |  | 171,138 |  |

| Aggregate amounts | 6,358 |  | 177,590 |  |

6. | CURRENT ASSET INVESTMENTS

2025 | 2024 |

£ | £ |

| Unlisted investments | - |  | 15,000 |  |

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

2025 | 2024 |

£ | £ |

| Trade creditors | 1 |  | 1 |  |

| Taxation and social security | (7,159 | ) | 28,544 |  |

| Other creditors | 2,184 |  | 1,764 |  |

(4,974 | ) | 30,309 |  |

8. | ULTIMATE CONTROLLING PARTY

| Mr TG Goddard, together with family interests, is the ultimate controlling party by virtue of their ownership of 100% of the issued share capital of the company.