REGISTERED NUMBER: 10550336 (England and Wales)

Unaudited Financial Statements for the Year Ended 31st March 2025

for

Pendu Cyf

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr W P Davies

Mrs N L Davies

REGISTERED OFFICE:

Pentre Du Isaf

Cefn Meiriadog

St Asaph

Denbighshire

LL17 0HW

REGISTERED NUMBER:

10550336 (England and Wales)

ACCOUNTANTS:

Dunn & Ellis Cyf

Chartered Accountants

Adeilad St David's Building

Stryd Lombard Street

Porthmadog

Gwynedd

LL49 9AP

FIXED ASSETS

Intangible assets

4

633

1,080

Tangible assets

5

461,312

456,778

Investments

6

47,661

44,124

509,606

501,982

CURRENT ASSETS

Stocks

252,800

211,270

Debtors

7

260,066

224,500

Cash at bank

45,609

20,578

558,475

456,348

CREDITORS

Amounts falling due within one year

8

138,505

158,079

NET CURRENT ASSETS

419,970

298,269

TOTAL ASSETS LESS CURRENT LIABILITIES

929,576

800,251

CREDITORS

Amounts falling due after more than one year

9

(5,865

)

(15,963

)

PROVISIONS FOR LIABILITIES

(33,021

)

(31,681

)

NET ASSETS

890,690

752,607

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

890,590

752,507

890,690

752,607

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 24th December 2025 and were signed on its behalf by:

Mr W P Davies - Director

Mrs N L Davies - Director

1.	STATUTORY INFORMATION

Pendu Cyf 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.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Land entitlements are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets

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

Plant & machinery - 20% reducing balance

Computer equipment - 20% reducing balance

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

3.	EMPLOYEES AND DIRECTORS

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

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1st April 2024

and 31st March 2025

2,233

AMORTISATION

At 1st April 2024

1,153

Charge for year

447

At 31st March 2025

1,600

NET BOOK VALUE

At 31st March 2025

633

At 31st March 2024

1,080

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1st April 2024

282,303

332,172

614,475

Additions

-

40,788

40,788

At 31st March 2025

282,303

372,960

655,263

DEPRECIATION

At 1st April 2024

-

157,697

157,697

Charge for year

-

60,254

60,254

Reclassification/transfer

-

(24,000

)

(24,000

)

At 31st March 2025

-

193,951

193,951

NET BOOK VALUE

At 31st March 2025

282,303

179,009

461,312

At 31st March 2024

282,303

174,475

456,778

6.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1st April 2024

44,124

Additions

3,537

At 31st March 2025

47,661

NET BOOK VALUE

At 31st March 2025

47,661

At 31st March 2024

44,124

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

45,921

18,824

Other debtors

214,145

205,676

260,066

224,500

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

10,648

10,648

Hire purchase contracts

-

9,242

Trade creditors

73,709

32,676

Taxation and social security

45,021

43,312

Other creditors

9,127

62,201

138,505

158,079

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

5,865

15,963

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

11.	RELATED PARTY DISCLOSURES

During the year, total dividends of £1,000 (2024 - £2,000) were paid to the directors .

During the year, the company paid £210,000 (2024 £210,000) in rent to Mr & Mrs W P Davies, a partnership in which the directors are also partners.