REGISTERED NUMBER: 07059524 (England and Wales)

WELSHPOOL HOLDINGS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

J O Evans

R D Evans

A H Turner

D T L Jones

REGISTERED OFFICE:

The New Smithfield

Buttington Cross

Welshpool

Powys

SY21 8SR

REGISTERED NUMBER:

07059524 (England and Wales)

FIXED ASSETS

Tangible assets

4

1,030,149

1,055,893

Investments

5

1

1

1,030,150

1,055,894

CURRENT ASSETS

Debtors

6

1,087,524

1,042,377

Cash at bank

12,843

-

1,100,367

1,042,377

CREDITORS

Amounts falling due within one year

7

1,750,019

1,756,431

NET CURRENT LIABILITIES

(649,652

)

(714,054

)

TOTAL ASSETS LESS CURRENT LIABILITIES

380,498

341,840

PROVISIONS FOR LIABILITIES

18,071

20,820

NET ASSETS

362,427

321,020

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

362,425

321,018

SHAREHOLDERS' FUNDS

362,427

321,020

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 November 2025 and were signed on its behalf by:

A H Turner - Director

1.	STATUTORY INFORMATION

Welshpool Holdings 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.

Preparation of consolidated financial statements

The financial statements contain information about Welshpool Holdings Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover

Turnover represents net invoiced sales, excluding value added tax.

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

-

4% Straight Line

Freehold Property has not been depreciated as in the opinion of the directors, the depreciation charge and accumulated depreciation would be immaterial due to the long economic life and high residual value of the freehold property.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

and

property

fittings

Totals

£

£

£

COST

At 1 April 2024

and 31 March 2025

758,318

643,592

1,401,910

DEPRECIATION

At 1 April 2024

-

346,017

346,017

Charge for year

-

25,744

25,744

At 31 March 2025

-

371,761

371,761

NET BOOK VALUE

At 31 March 2025

758,318

271,831

1,030,149

At 31 March 2024

758,318

297,575

1,055,893

Freehold Property has not been depreciated as in the opinion of the directors, the depreciation charge and accumulated depreciation would be immaterial due to the long economic life and high residual value of the freehold property.

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 April 2024

and 31 March 2025

1

NET BOOK VALUE

At 31 March 2025

1

At 31 March 2024

1

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Amounts owed by group undertakings

1,086,524

1,041,377

Other debtors

1,000

1,000

1,087,524

1,042,377

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

-

31

Taxation and social security

10,867

12,873

Other creditors

1,739,152

1,743,527

1,750,019

1,756,431

8.	SECURED DEBTS

The group bank borrowings are secured by a mortgage over the freehold property and fixed and floating charge over all assets.

9.	CONTINGENT LIABILITIES

The company has provided a guarantee for all bank borrowings of Welshpool Livestock Sales Limited, a wholly owned subsidiary.

10.	RELATED PARTY DISCLOSURES

At 31 March 2025 there was an amount due from a wholly owned subsidiary of £1,086,524 (2024: £1,041,377)

At 31 March 2025 included in other creditors, there were amounts due of £1,715,652 (2024 £1,715,652) to controlling parties.

11.	CONTROLLING PARTY

The controlling party is Messrs Morris Marshall & Poole with Norman Lloyd who owns 100% of the share capital.