REGISTERED NUMBER: 06866253 (England and Wales)

GWYNFRO FARMS LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr E M George

Mrs H R George

Mr R I R George

SECRETARY:

Mrs H R George

REGISTERED OFFICE:

Cilgwyn

New Chapel

Boncath

Pembrokeshire

SA37 0EL

REGISTERED NUMBER:

06866253 (England and Wales)

ACCOUNTANTS:

D M B Davies Limited

Broyan House

Priory Street

Cardigan

Ceredigion

SA43 1BZ

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

438,003

410,099

438,003

410,099

CURRENT ASSETS

Stocks

265,345

301,613

Debtors

6

84,354

91,632

Investments

7

41,159

40,970

Cash at bank

1,029,879

958,031

1,420,737

1,392,246

CREDITORS

Amounts falling due within one year

8

458,257

412,562

NET CURRENT ASSETS

962,480

979,684

TOTAL ASSETS LESS CURRENT LIABILITIES

1,400,483

1,389,783

PROVISIONS FOR LIABILITIES

57,598

57,598

NET ASSETS

1,342,885

1,332,185

CAPITAL AND RESERVES

Called up share capital

3

3

Retained earnings

1,342,882

1,332,182

SHAREHOLDERS' FUNDS

1,342,885

1,332,185

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 10 December 2025 and were signed on its behalf by:

Mr E M George - Director

1.	STATUTORY INFORMATION

Gwynfro Farms 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Single farm payment entitlement

The cost of the single farm payment entitlement has been amortised over its expected useful life.

Tangible fixed assets

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

Plant and machinery etc

-

25% on reducing balance and 15% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2024 - 5 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 April 2024

and 31 March 2025

146,604

AMORTISATION

At 1 April 2024

and 31 March 2025

146,604

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Improvements

to

Plant and

Motor

property

machinery

vehicles

Totals

£

£

£

£

COST

At 1 April 2024

106,953

686,436

19,850

813,239

Additions

-

110,615

-

110,615

Disposals

-

(65,500

)

-

(65,500

)

At 31 March 2025

106,953

731,551

19,850

858,354

DEPRECIATION

At 1 April 2024

-

385,278

17,862

403,140

Charge for year

-

58,159

497

58,656

Eliminated on disposal

-

(41,445

)

-

(41,445

)

At 31 March 2025

-

401,992

18,359

420,351

NET BOOK VALUE

At 31 March 2025

106,953

329,559

1,491

438,003

At 31 March 2024

106,953

301,158

1,988

410,099

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

76,148

66,455

Other debtors

8,206

25,177

84,354

91,632

7.	CURRENT ASSET INVESTMENTS

2025

2024

£

£

Unlisted investments

37,059

37,059

CCF Share account

4,100

3,911

41,159

40,970

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

60,463

74,408

Taxation and social security

16,839

6,052

Other creditors

380,955

332,102

458,257

412,562

9.	RELATED PARTY DISCLOSURES

10.	ULTIMATE CONTROLLING PARTY