REGISTERED NUMBER: 10423055 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Fferm Chwilog Fawr Cyf

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs C Jones

Mr E M Jones

Mr G A Jones

REGISTERED OFFICE:

St Davids Building

Lombard Street

porthmadog

Gwynedd

LL49 9AP

REGISTERED NUMBER:

10423055 (England and Wales)

ACCOUNTANTS:

Dunn & Ellis Cyf

Chartered Accountants

Adeilad St David's Building

Stryd Lombard Street

Porthmadog

Gwynedd

LL49 9AP

FIXED ASSETS

Tangible assets

4

120,008

124,470

CURRENT ASSETS

Stocks

194,154

171,242

Debtors

5

(214,637

)

9,984

Cash at bank

112

110

(20,371

)

181,336

CREDITORS

Amounts falling due within one year

6

68,295

237,897

NET CURRENT LIABILITIES

(88,666

)

(56,561

)

TOTAL ASSETS LESS CURRENT LIABILITIES

31,342

67,909

CREDITORS

Amounts falling due after more than one year

7

-

(338

)

PROVISIONS FOR LIABILITIES

(31,118

)

(23,650

)

NET ASSETS

224

43,921

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

124

43,821

SHAREHOLDERS' FUNDS

224

43,921

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 November 2025 and were signed on its behalf by:

Mrs C Jones - Director

1.	STATUTORY INFORMATION

Fferm Chwilog Fawr Cyf 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.

The accounts have been prepared on the going concern basis, on the understanding that the directors and shareholders will continue to financially support the company during this uncertain period.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Plant & machinery - 20% reducing balance

Fixed assets are stated at their cost prices, less accumulated depreciation and less amounts recognised in respect of impairment.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Biological assets, are valued at fair value through the profit & loss. This includes making due allowance for home bred livestock, the current market and current demand.

Fuel, oil and other business related deadlock are valued at the lower of cost and net realisable value, after making allowance for obsolete, impaired or slow moving items within the other stock on hand.

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.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

202,965

Additions

27,166

Disposals

(6,210

)

At 31 March 2025

223,921

DEPRECIATION

At 1 April 2024

78,495

Charge for year

30,000

Eliminated on disposal

(4,582

)

At 31 March 2025

103,913

NET BOOK VALUE

At 31 March 2025

120,008

At 31 March 2024

124,470

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Other debtors

(214,637

)

9,984

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

6,896

23,234

Trade creditors

12,535

5,408

Taxation and social security

6,525

-

Other creditors

42,339

209,255

68,295

237,897

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Hire purchase contracts

-

338

8.	ULTIMATE CONTROLLING PARTY

The controlling party is CFW Holdings Limited.

Registered Office:

St Daivd's Building

Lombard Street

Porthmadog

Gwynedd

LL49 9AP

Principal place of business:

Chwilog Fawr

Chwilog

Pwllheli

Gwynedd

LL53 6SW