REGISTERED NUMBER: 12268993 (England and Wales)

Unaudited Financial Statements for the Year Ended 31st March 2025

for

Tyddyn Fechan Cyfyngedig

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr S L Owen

Mrs E W Owen

REGISTERED OFFICE:

Adeilad St Davids Building

Lombard Street

Porthmadog

LL49 9AP

REGISTERED NUMBER:

12268993 (England and Wales)

ACCOUNTANTS:

Dunn & Ellis Cyf

Chartered Accountants

Adeilad St David's Building

Stryd Lombard Street

Porthmadog

Gwynedd

LL49 9AP

FIXED ASSETS

Tangible assets

4

401,302

181,610

CURRENT ASSETS

Stocks

7,131

126,187

Debtors

5

301,816

17,667

Cash at bank and in hand

62,560

27,003

371,507

170,857

CREDITORS

Amounts falling due within one year

6

443,824

275,598

NET CURRENT LIABILITIES

(72,317

)

(104,741

)

TOTAL ASSETS LESS CURRENT LIABILITIES

328,985

76,869

CREDITORS

Amounts falling due after more than one year

7

(88,869

)

(28,667

)

PROVISIONS FOR LIABILITIES

(97,476

)

(34,506

)

NET ASSETS

142,640

13,696

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

142,540

13,596

SHAREHOLDERS' FUNDS

142,640

13,696

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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 16th December 2025 and were signed on its behalf by:

Mr S L Owen - Director

Mrs E W Owen - Director

1.	STATUTORY INFORMATION

Tyddyn Fechan Cyfyngedig 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.

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

-

20% on reducing balance

Fixed assets are stated at their cost prices, less accumulated depreciation and less amounts recognised in respect of impairment.

Stocks

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

Biological assets, living plants and animals are included at the lower of cost and estimated selling price less cost to sell.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 2 (2024 - NIL ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st April 2024

219,207

Additions

289,860

At 31st March 2025

509,067

DEPRECIATION

At 1st April 2024

37,597

Charge for year

70,168

At 31st March 2025

107,765

NET BOOK VALUE

At 31st March 2025

401,302

At 31st March 2024

181,610

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

5,504

-

Other debtors

296,312

17,667

301,816

17,667

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Hire purchase contracts

28,992

14,333

Trade creditors

371,898

87,631

Taxation and social security

41,489

-

Other creditors

1,445

173,634

443,824

275,598

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Hire purchase contracts

88,869

28,667

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31st March 2025 and 31st March 2024:

31.3.25

31.3.24

£

£

Mr S L Owen

Balance outstanding at start of year

-

-

Amounts advanced

276,864

-

Amounts repaid

(165,657

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

111,207

-

Mrs E W Owen

Balance outstanding at start of year

-

-

Amounts advanced

276,864

-

Amounts repaid

(165,657

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

111,207

-

The directors' loan accounts were in credit throughout the year.

9.	RELATED PARTY DISCLOSURES

During the year, total dividends of £78,000 (2024 - £94,000) were paid to the directors .

During the year, the company paid £68,258 in rent to Mr & Mrs S Owen (2024 - 68,258), a partnership in which the directors are also partners.