REGISTERED NUMBER: 13539653 (Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

TYDDYN CAE CYFYNGEDIG

Page

Company information

1

Balance sheet

2

Notes to the financial statements

4

Report of the accountants

9

DIRECTORS:

T Evans

I Ifans

REGISTERED OFFICE:

2 Llys Onnen

Ffordd Y Llyn

Parc Menai

Bangor

Gwynedd

LL57 4DF

REGISTERED NUMBER:

13539653 (Wales)

ACCOUNTANTS:

Fraser Wood Limited

Chartered Certified Accountants

2 Llys Onnen

Ffordd Y Llyn

Parc Menai

Bangor

Gwynedd

LL57 4DF

FIXED ASSETS

Intangible assets

4

11,600

14,000

Tangible assets

5

4,323,813

557,523

4,335,413

571,523

CURRENT ASSETS

Stocks

484,043

460,716

Debtors

6

175,535

107,315

Investments

7

54,536

42,151

Cash at bank

215,394

306,102

929,508

916,284

CREDITORS

Amounts falling due within one year

8

(842,273

)

(244,402

)

NET CURRENT ASSETS

87,235

671,882

TOTAL ASSETS LESS CURRENT LIABILITIES

4,422,648

1,243,405

CREDITORS

Amounts falling due after more than one year

9

(2,699,039

)

(300,000

)

PROVISIONS FOR LIABILITIES

(268,897

)

(119,107

)

NET ASSETS

1,454,712

824,298

CAPITAL AND RESERVES

Called up share capital

100

100

Revaluation reserve

11

670,463

277,885

Retained earnings

784,149

546,313

SHAREHOLDERS' FUNDS

1,454,712

824,298

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 15 October 2025 and were signed on its behalf by:

I Ifans - Director

1.	STATUTORY INFORMATION

Tyddyn Cae Cyfyngedig is a private company, limited by shares , registered in 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 as modified by the revaluation of certain assets.

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 2021, is being amortised evenly over its estimated useful life of five years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Computer equipment

33% reducing balance

Milking parlour equipment

10% reducing balance

Motor Vehicles

15% reducing balance

Plant & machinery

10% reducing balance

Sheds

5% straight line

Slurry pit

10% reducing balance

Stock

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.

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 6 (2024 - 6 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

24,000

AMORTISATION

At 1 April 2024

10,000

Charge for year

2,400

At 31 March 2025

12,400

NET BOOK VALUE

At 31 March 2025

11,600

At 31 March 2024

14,000

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST OR VALUATION

At 1 April 2024

89,571

557,241

646,812

Additions

3,167,128

77,760

3,244,888

Revaluations

575,291

(138,386

)

436,905

At 31 March 2025

3,831,990

496,615

4,328,605

DEPRECIATION

At 1 April 2024

8,476

80,813

89,289

Charge for year

-

2,036

2,036

Revaluation adjustments

(8,476

)

(78,057

)

(86,533

)

At 31 March 2025

-

4,792

4,792

NET BOOK VALUE

At 31 March 2025

3,831,990

491,823

4,323,813

At 31 March 2024

81,095

476,428

557,523

In March 2025 freehold land and buildings were revalued to a fair value of £3,831,990 by director Tomos Evans. Without his revaluation the carrying value would be £3,243,711

Included in freehold land and buildings is land revalued at £3,750,00 which is not depreciated.

In March 2025 Plant and Machinery were revalued to a fair value of £491,823 by director Ifan Ifans. Without his revaluation the carrying value would be £191,233.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

133,060

98,637

Other debtors

42,475

8,678

175,535

107,315

7.	CURRENT ASSET INVESTMENTS

31.3.25

31.3.24

£

£

Shares in Hufenfa de Arfon

54,536

42,151

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

192,000

-

Trade creditors

90,355

80,245

Taxation and social security

61,943

66,388

Other creditors

497,975

97,769

842,273

244,402

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

2,299,039

-

Other creditors

400,000

300,000

2,699,039

300,000

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

1,531,039

-

10.	FINANCIAL INSTRUMENTS

The director's loan is a financial instrument and has formally structured loan terms.

The loan from T Evans, director & shareholder, to Tyddyn Cae Cyfyngedig is that of a basic financial liability of a small entity. As set out in FRS 102 paragraph 11.13A this financing transaction is measured initially at transaction price rather than be measured at the present value of the future payments discounted using the effective interest method.

At the end of each reporting period, the entity will measure this financial instrument as follows:-

-continue with the measurement of the director loan balance at transaction price.

- the effective interest rate is the interest rate implicit in the contract, which is 0%.

At 31 March 2025 directors loans of £463,244 (31 March 2024: £69,233) are included in other creditors falling due within one year and £400,000 (31 March 2024: £300,000) are included in other creditors falling due within more than one year.

11.

RESERVES

Revaluation

reserve

£

At 1 April 2024

277,885

Revaluation Reserve

392,578

At 31 March 2025

670,463

12.	TRANSACTIONS WITH DIRECTORS

The total balance outstanding on directors’ loan accounts at 31 March 2025 was £863,244 (31 March 2024: £369,233).

During the year, rent payments totalling £99,000 were made to director T Evans (31 March 2024: £60,000).

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance sheet. Readers are cautioned that the Income statement and certain other primary statements and the Report of the directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006 we have prepared for your approval the accounts of Tyddyn Cae Cyfyngedig for the year ended 31 March 2025 from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://rulebook.accaglobal.com.

Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163.

Fraser Wood Limited

Chartered Certified Accountants

2 Llys Onnen

Ffordd Y Llyn

Parc Menai

Bangor

Gwynedd

LL57 4DF

15 October 2025