REGISTERED NUMBER: 15714253 (England and Wales)

SWN Y DON NEWGALE LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 11 MAY 2024 TO 31 MARCH 2025

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

28,044

Investment property

5

667,044

695,088

CURRENT ASSETS

Debtors

6

5,491

Cash at bank

2,608

8,099

CREDITORS

Amounts falling due within one year

7

39,396

NET CURRENT LIABILITIES

(31,297

)

TOTAL ASSETS LESS CURRENT LIABILITIES

663,791

CREDITORS

Amounts falling due after more than one year

8

660,908

NET ASSETS

2,883

RESERVES

Retained earnings

2,883

2,883

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 9 December 2025 and were signed by:

T G Goddard - Director

1.	STATUTORY INFORMATION

Swn Y Don Newgale Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

15714253

Registered office:

C/o Celtic Timber

Camrose

Haverfordwest

Pembrokeshire

SA62 6HG

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.

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

-

10% on cost

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation

Taxation for the period 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 period 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 period was 1 .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

Additions

31,160

At 31 March 2025

31,160

DEPRECIATION

Charge for period

3,116

At 31 March 2025

3,116

NET BOOK VALUE

At 31 March 2025

28,044

5.	INVESTMENT PROPERTY

Total

£

COST

Additions

667,044

At 31 March 2025

667,044

NET BOOK VALUE

At 31 March 2025

667,044

Under FRS 102 Accounting for Investment Properties, a revaluation would be required to the carrying value of the asset.The director is of the opinion that as the Investment Property was acquired during this period, its market value would be equivalent to its original cost.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade debtors

686

Other debtors

4,805

5,491

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Other loans (see note 9)

35,092

Trade creditors

856

Directors' current accounts

2,440

Accrued expenses

1,008

39,396

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

£

Other loans (see note 9)

660,908

£

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Other loans more 5yrs non-inst

225,000

Repayable by instalments

Mortgage Loan

435,908

9.

LOANS

An analysis of the maturity of loans is given below:

£

Amounts falling due within one year or on demand:

Mortgage Loan

35,092

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Other loans more 5yrs non-inst

225,000

Repayable by instalments

Mortgage Loan

435,908

10.	SECURED DEBTS

The following secured debts are included within creditors:

£

Mortgage Loan

696,000

A mortgage is held with Cumbernauld Building Society and a first charge is secured on the Investment Property held in these accounts

11.	RELATED PARTY DISCLOSURES

The company is under the control of the director who holds 100% of the issued share capital