REGISTERED NUMBER: 05772865 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Min y Nant Stores Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs R Jones

Mr L Jones

Mr M W Jones

Mrs V L Jones

SECRETARY:

Mrs R Jones

REGISTERED OFFICE:

Min y Nant

Llanberis Road

Caernarfon

Gwynedd

LL55 2DF

REGISTERED NUMBER:

05772865 (England and Wales)

ACCOUNTANTS:

J Llywelyn Hughes & Co

Chartered Accountants

Ty'r Bont

Llanrwst

Conwy

LL26 0EY

FIXED ASSETS

Intangible assets

4

-

14,689

Tangible assets

5

442,874

461,639

442,874

476,328

CURRENT ASSETS

Stocks

-

44,000

Debtors

6

93,136

86,014

Cash at bank and in hand

742,876

444,875

836,012

574,889

CREDITORS

Amounts falling due within one year

7

107,655

200,693

NET CURRENT ASSETS

728,357

374,196

TOTAL ASSETS LESS CURRENT LIABILITIES

1,171,231

850,524

PROVISIONS FOR LIABILITIES

264

3,675

NET ASSETS

1,170,967

846,849

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

1,170,867

846,749

SHAREHOLDERS' FUNDS

1,170,967

846,849

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 26 November 2025 and were signed on its behalf by:

Mr M W Jones - Director

1.	STATUTORY INFORMATION

Min y Nant Stores Limited 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.

Turnover

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

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

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

Fixtures and fittings etc

-

25% on cost and 10% on cost

An assessment of the residual value of the property has been undertaken. On the basis that the property will be well maintained and such repair cost will be charged to the income statement, it is the view of the directors that the residual value exceeds cost. On the basis of the above, no charge is necessary.

Stocks

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

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2024 - 23 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

265,000

Disposals

(265,000

)

At 31 March 2025

-

AMORTISATION

At 1 April 2024

250,311

Charge for year

14,689

Eliminated on disposal

(265,000

)

At 31 March 2025

-

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

14,689

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Freehold

fittings

property

etc

Totals

£

£

£

COST

At 1 April 2024

441,484

134,099

575,583

Disposals

-

(115,770

)

(115,770

)

At 31 March 2025

441,484

18,329

459,813

DEPRECIATION

At 1 April 2024

-

113,944

113,944

Charge for year

-

1,504

1,504

Eliminated on disposal

-

(98,509

)

(98,509

)

At 31 March 2025

-

16,939

16,939

NET BOOK VALUE

At 31 March 2025

441,484

1,390

442,874

At 31 March 2024

441,484

20,155

461,639

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

-

5

Other debtors

93,136

86,009

93,136

86,014

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors and accruals

20,400

59,413

Taxation and social security

87,255

109,957

Other creditors

-

31,323

107,655

200,693

8.	RELATED PARTY DISCLOSURES