Company registration number 07142697 (England and Wales)
PARC GWYN LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
PARC GWYN LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 6
PARC GWYN LIMITED
BALANCE SHEET
AS AT
31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
476,110
471,856
Investments
4
420,711
310,773
896,821
782,629
Current assets
Debtors
5
9,429
9,429
Cash at bank and in hand
19,727
19,727
29,156
29,156
Creditors: amounts falling due within one year
6
(118,461)
(112,433)
Net current liabilities
(89,305)
(83,277)
Total assets less current liabilities
807,516
699,352
Creditors: amounts falling due after more than one year
7
(37,766)
(67,214)
Provisions for liabilities
(119,000)
(116,738)
Net assets
650,750
515,400
Capital and reserves
Called up share capital
8
100
100
Profit and loss reserves
650,650
515,300
Total equity
650,750
515,400

For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved by the board of directors and authorised for issue on 30 October 2025 and are signed on its behalf by:
Mr M T Jones
Director
Company Registration No. 07142697
PARC GWYN LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 2 -
1
Accounting policies
Company information

Parc Gwyn Limited is a private company limited by shares incorporated in England and Wales. The registered office is c/o UHY Hacker Young, 23 Nevill Street, Abergavenny, United Kingdom, NP7 5AA.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover represents amounts receivable for equipment hire provided in the normal course of business net of VAT and trade discounts.

Revenue from the hire of equipment which is recognised over the period of hire when, and to the extent that, the company obtains the right to consideration in exchange for equipment provided.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and machinery
15% reducing basis
Fixtures, fittings & equipment
33% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Financial instruments

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised i n the profit and loss account in other administrative expenses.

1.5
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

PARC GWYN LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 3 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.6
Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

1.7

Investments

The company is a member in Messrs D A Jones and Sons. The company recognises its share of the profits of Messrs D A Jones and Sons in its profit and loss account, and the company's investment in the balance sheet reflects the company's share of the assets and liabilities of Messrs D A Jones and Sons.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
2
2
PARC GWYN LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 4 -
3
Tangible fixed assets
Plant and machinery
Fixtures, fittings & equipment
Total
£
£
£
Cost
At 1 April 2024
776,901
-
0
776,901
Additions
87,593
902
88,495
Disposals
(18,740)
-
0
(18,740)
At 31 March 2025
845,754
902
846,656
Depreciation and impairment
At 1 April 2024
305,045
-
0
305,045
Depreciation charged in the year
74,449
132
74,581
Eliminated in respect of disposals
(9,080)
-
0
(9,080)
At 31 March 2025
370,414
132
370,546
Carrying amount
At 31 March 2025
475,340
770
476,110
At 31 March 2024
471,856
-
0
471,856
4
Fixed asset investments
2025
2024
£
£
Investments
420,711
310,773

The company's share of Messrs D A Jones and Sons profit for the year totalled £7 4,747 (202 4: £78,001). This has been recognised in the profit and loss account and included in the carrying amount of the investment above. The company is a partner i n Messrs D A Jones and Sons, and any share of profits due to the company based on its results, is recognised in the profit and loss account with the carrying value of the investment increased by that amount.

The company received a share of the compensation from a part disposal of the Herd animals from D A Jones and Sons of £85,803.The disposal represented a permanent decrease of more than 25% of the animals and is free from Capital Taxes under current rules. This compensation is also recognised as investment income from the partnership.

PARC GWYN LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
4
Fixed asset investments
(Continued)
- 5 -
Movements in fixed asset investments
Investments other than loans
£
Cost or valuation
At 1 April 2024
310,773
Share of retained profit and income for the year
160,550
Valuation changes
(50,612)
At 31 March 2025
420,711
Carrying amount
At 31 March 2025
420,711
At 31 March 2024
310,773
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Corporation tax recoverable
9,329
9,329
Other debtors
100
100
9,429
9,429
6
Creditors: amounts falling due within one year
2025
2024
£
£
Corporation tax
10,316
-
0
Other taxation and social security
2,000
2,000
Other creditors
106,145
110,433
118,461
112,433

Other creditors due within one year include hire purchase liabilities totalling £52,121 (2024: £56,509) which are secured on the assets of the company.

7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Other creditors
37,766
67,214
PARC GWYN LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
7
Creditors: amounts falling due after more than one year
(Continued)
- 6 -

Other creditors due after one year include hire purchase liabilities totalling £37,766 (2024: £67,214) which are secured on the assets of the company.

8
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary A of £1 each
50
50
50
50
Ordinary B of £1 each
45
45
45
45
Ordinary C of £1 each
5
5
5
5
100
100
100
100
9
Related party transactions

The company has an existing loan of £50,000 (202 3: £50,000) from the partnership of Messrs D A Jones and Sons, in which the company itself is a partner. The amount remains outstanding at the year end and is included in creditors; amounts falling due within one year. There is no set repayment date and the loan is interest free.

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