Ynni Llety Cyf Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 09780238

Ynni Llety Cyf

Filleted Unaudited Financial Statements

For the year ended

31 March 2025

Ynni Llety Cyf

Financial Statements

Year ended 31 March 2025

Contents	Page

Officers and professional advisers	1

Report to the board of directors on the preparation of the unaudited statutory financial statements	2

Statement of financial position	3

Notes to the financial statements	5

Ynni Llety Cyf

Officers and Professional Advisers

The board of directors	Mr R W Williams
	Mr H W Davies

Company secretary	Mrs N E Williams

Registered office	2 Oldfield Road
	Bocam Park
	Bridgend
	Bridgend County Borough
	CF35 5LJ

Accountants	Clay Shaw Thomas Ltd

	2 Oldfield Road
	Bocam Park
	Bridgend
	CF35 5LJ

Bankers	Lloyds Bank Plc
	31 Queen St
	Cardiff
	CF10 2AG

Ynni Llety Cyf

Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of Ynni Llety Cyf

Year ended 31 March 2025

Accountant's Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of Ynni Llety Cyf 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

23 December 2025

Ynni Llety Cyf

Statement of Financial Position

31 March 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	5		841,093	912,630

Current assets

Debtors	6	126,822	161,326
Cash at bank and in hand		422,507	361,315
		---------	---------
		549,329	522,641

Creditors: amounts falling due within one year	7	( 808,366)		( 815,420)
		---------		---------
Net current liabilities			( 259,037)	( 292,779)
			---------	---------
Total assets less current liabilities			582,056	619,851

Provisions

Taxation including deferred tax	( 144,884)	( 148,415)
	---------	---------
Net assets	437,172	471,436
	---------	---------

Capital and reserves

Called up share capital	100	100
Profit and loss account	437,072	471,336
	---------	---------
Shareholders funds	437,172	471,436
	---------	---------

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 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 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 .

Ynni Llety Cyf

Statement of Financial Position (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 23 December 2025 , and are signed on behalf of the board by:

Mr R W Williams
Director

Company registration number: 09780238

Ynni Llety Cyf

Notes to the Financial Statements

Year ended 31 March 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, Bridgend County Borough, 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, as modified by the revaluation of certain financial assets and liabilities measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

The turnover represents income received from feed in tariffs, power purchase agreements and other agreements for the Wind Farm, net of value added tax.

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.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Wind Farm	-	5% straight line
Equipment	-	33% straight line

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.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 3 (2024: 3 ).

5. Tangible assets

	Wind Farm	Equipment	Total
	£	£	£
Cost
At 1 April 2024 and 31 March 2025	1,414,436	2,445	1,416,881
	------------	-------	------------
Depreciation
At 1 April 2024	503,023	1,228	504,251
Charge for the year	70,722	815	71,537
	------------	-------	------------
At 31 March 2025	573,745	2,043	575,788
	------------	-------	------------
Carrying amount
At 31 March 2025	840,691	402	841,093
	------------	-------	------------
At 31 March 2024	911,413	1,217	912,630
	------------	-------	------------

6. Debtors

	2025	2024
	£	£
Trade debtors	–	19,944
Other debtors	126,822	141,382
	---------	---------
	126,822	161,326
	---------	---------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	2,251	1,074
Social security and other taxes	23,727	45,228
Other creditors	782,388	769,118
	---------	---------
	808,366	815,420
	---------	---------

8. Related party transactions

Included in other creditors is an amount owed to Mr R W Williams :

		2025
		£
	Opening balance as at 1 April 2024	574,829
	Repaid	(42,897)
	Net interest credit	41,496
		---------
	Closing balance as at 31 March 2025	573,428
		---------

There are no fixed terms of repayment or and interest is charged at 9% Included in other creditors is an amount owed to Mrs N Williams.

		2025
		£
	Opening balance as at 1 April 2024	191,244
	Repaid	–
	Net interest credit	14,233
		---------
	Closing balance as at 31 March 2025	205,477
		---------

There are no fixed terms of repayment and interest is charged at 9%. Mr R W Williams and Mrs N Williams are related through control and significant influence.