COMPANY REGISTRATION NUMBER:
12241844
|
Filleted Unaudited Financial Statements |
|
|
Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of
Partneriaeth Asbri Cyf |
|
Year ended 31 May 2025
As described on the statement of financial position, the directors of the company are responsible for the preparation of the financial statements for the year ended 31 May 2025, which comprise the statement of financial position and the related notes. You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.
Clay Shaw Thomas Ltd
2 Oldfield Road
Bocam Park
Bridgend
CF35 5LJ
4 December 2025
|
Statement of Financial Position |
|
31 May 2025
Fixed assets
|
Investments |
5 |
|
669,020 |
669,020 |
|
|
|
|
|
Current assets
|
Debtors |
6 |
401,174 |
|
307,721 |
|
Cash at bank and in hand |
374,431 |
|
326,574 |
|
--------- |
|
--------- |
|
775,605 |
|
634,295 |
|
|
|
|
|
|
Creditors: amounts falling due within one year |
7 |
82,473 |
|
89,434 |
|
--------- |
|
--------- |
|
Net current assets |
|
693,132 |
544,861 |
|
|
----------- |
----------- |
|
Total assets less current liabilities |
|
1,362,152 |
1,213,881 |
|
|
----------- |
----------- |
|
Net assets |
|
1,362,152 |
1,213,881 |
|
|
----------- |
----------- |
|
|
|
|
|
Capital and reserves
|
Called up share capital |
|
10,001 |
10,001 |
|
Profit and loss account |
|
1,352,151 |
1,203,880 |
|
|
----------- |
----------- |
|
Shareholders funds |
|
1,362,152 |
1,213,881 |
|
|
----------- |
----------- |
|
|
|
|
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
These financial statements were approved by the
board of directors
and authorised for issue on
4 December 2025
, and are signed on behalf of the board by:
|
Mr R Bowen |
Mr B Davies |
|
Director |
Director |
|
|
Company registration number:
12241844
|
Notes to the Financial Statements |
|
Year ended 31 May 2025
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 2 Oldfield Road, Bocam Park, Bridgend, CF35 5LJ.
2.
Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The directors have assessed whether there are any material uncertainties that may cast significant doubt about the company’s ability to continue to adopt the going concern basis of accounting for a period of at least twelve months from the date when the financial statements are authorised for issue. In assessing whether the going concern assumption is appropriate, the directors have taken in to account all available information about the future and conclude that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.
Consolidation
The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax. When the outcome of a transaction involving the rendering of services can be reliably estimated, revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Fixed asset investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
5
(2024:
5
).
5.
Investments
|
Shares in group undertakings |
|
£ |
|
Cost |
|
|
At 1 June 2024 and 31 May 2025 |
669,020 |
|
--------- |
|
Impairment |
|
|
At 1 June 2024 and 31 May 2025 |
– |
|
--------- |
|
|
|
Carrying amount |
|
|
At 31 May 2025 |
669,020 |
|
--------- |
|
At 31 May 2024 |
669,020 |
|
--------- |
|
|
The company owns 100% of the share capital in its subsidiary undertaking, Asbri Planning Limited.
6.
Debtors
|
2025 |
2024 |
|
£ |
£ |
|
Amounts owed by group undertakings |
398,474 |
298,474 |
|
Other debtors |
2,700 |
9,247 |
|
--------- |
--------- |
|
401,174 |
307,721 |
|
--------- |
--------- |
|
|
|
7.
Creditors:
amounts falling due within one year
|
2025 |
2024 |
|
£ |
£ |
|
Social security and other taxes |
81,960 |
88,966 |
|
Other creditors |
513 |
468 |
|
------- |
------- |
|
82,473 |
89,434 |
|
------- |
------- |
|
|
|
8.
Directors' advances, credits and guarantees
Included in other debtors is a balance due from the directors. During the year the transactions with the directors were as follows:
|
|
2025 |
|
|
£ |
|
Opening balance due from the directors to the Company |
1,350 |
|
Net advances |
1,350 |
|
|
------ |
|
Closing balance due from the directors to the Company |
2,700 |
|
|
------ |
|
|
|
This loan was repaid in full after the accounting period
9.
Related party transactions
The company has taken exemptions under Section 33 of FRS102 to disclose related party transactions with wholly owned members of a group.