Registration number: 00815784

Tir-Gwallter Farm Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 5

Tir-Gwallter Farm Limited

Company Information

Directors

Mr J B Howell Mrs R A Howell

Company secretary

Mrs R A Howell

Registered office

Tir-Gwallter Farm Llandefalle Brecon Powys LD3 0NL

Accountants

W J James & Co Chartered AccountantsBishop House 10 Wheat Street Brecon Powys LD3 7DG

Tir-Gwallter Farm Limited

(Registration number: 00815784)
Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	16,297	19,643
Current assets
Stocks		1,623	980
Debtors	5	4,696	5,324
Cash at bank and in hand		12,747	15,579
		19,066	21,883
Creditors: Amounts falling due within one year	6	(24,387)	(25,236)
Net current liabilities		(5,321)	(3,353)
Net assets		10,976	16,290
Capital and reserves
Called up share capital		100	100
Retained earnings		10,876	16,190
Shareholders' funds		10,976	16,290

For the financial year ending 31 March 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 accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 3 December 2025 and signed on its behalf by:
 

......................................... Mr J B Howell Director

Tir-Gwallter Farm Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales within the United Kingdom.

The address of its registered office is:
Tir-Gwallter Farm
Llandefalle
Brecon
Powys
LD3 0NL

These financial statements were authorised for issue by the Board on 3 December 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are presented in pounds sterling, which is the functional currency of the company, and are rounded to the nearest £1.

Going concern

The financial statements have been prepared on a going concern basis. The company has net current liabilities at the balance sheet date. The directors will only draw their loan account if there is sufficient cash to do so.

Revenue recognition

Turnover represents subsidies and grass letting income, together with the sale of crops and fodder, stated net of Value Added Tax. Revenue is recognised as follows: from subsidies when receivable, from grass letting in accordance with the period for which payment is made, and from crop and fodder sales on the date of sale.

Government grants

Grants received under the Coronavirus Job Retention Scheme are recognised in accordance with the payroll period to which they relate.

Tax

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the UK, which is the country where the company operates and generates taxable income.

Tir-Gwallter Farm Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Fixtures and fittings	15% on reducing balance
Plant and machinery	20% on reducing balance
Motor vehicles	25% on reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits.

Trade debtors

Trade debtors are amounts due from for subsidies receivable stated at the amount that is expected to be received.

Stocks

Livestock is valued at the lower of cost and estimated market value, and deadstock is valued at the estimated cost of production. Stocks of heating oil and diesel fuel are valued at cost price.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers, stated at invoice value.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash received.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2024 - 2).

Tir-Gwallter Farm Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

4	Tangible assets

	Fixtures and fittings £	Plant and machinery £	Motor vehicles  £	Total £
Cost or valuation
At 1 April 2024	2,789	77,044	98,610	178,443
Additions	-	988	-	988
At 31 March 2025	2,789	78,032	98,610	179,431
Depreciation
At 1 April 2024	2,735	61,720	94,345	158,800
Charge for the year	7	3,261	1,066	4,334
At 31 March 2025	2,742	64,981	95,411	163,134
Carrying amount
At 31 March 2025	47	13,051	3,199	16,297
At 31 March 2024	54	15,324	4,265	19,643

5

Debtors

Current	2025 £	2024 £
Trade debtors	-	750
Prepayments	4,535	3,096
Other debtors	161	1,478
	4,696	5,324

6

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Due within one year
Trade creditors	1,290	5,040
Accruals and deferred income	1,804	1,743
Other creditors	21,293	18,453
	24,387	25,236