REGISTERED NUMBER: 07456849 (Wales)

THE DRAGON BARMOUTH LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

S J A Wolfers

P J Marshall

S Robertson

J Horrocks

C Roberts

M Lansley

REGISTERED OFFICE:

Ty Glyndwr

Glyndwr Street

Dolgellau

Gwynedd

LL40 1BB

REGISTERED NUMBER:

07456849 (Wales)

ACCOUNTANTS:

E W Owen & Co

Glyndwr Buildings

Glyndwr Street

Dolgellau

Gwynedd

LL40 1BB

FIXED ASSETS

Tangible assets

4

31,012

38,508

CURRENT ASSETS

Stocks

349

312

Debtors

5

4,663

7,500

Cash at bank

4,298

15,021

9,310

22,833

CREDITORS

Amounts falling due within one year

6

13,501

13,338

NET CURRENT (LIABILITIES)/ASSETS

(4,191

)

9,495

TOTAL ASSETS LESS CURRENT LIABILITIES

26,821

48,003

RESERVES

Income and expenditure account

26,821

48,003

26,821

48,003

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 surplus or deficit 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 19 December 2025 and were signed on its behalf by:

P J Marshall - Director

1.	STATUTORY INFORMATION

The Dragon Barmouth Ltd is a private company, limited by guarantee , registered in 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 and 20% on cost

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

and

Computer

property

Equipment

fittings

equipment

Totals

£

£

£

£

£

COST

At 1 April 2024

276

21,824

47,234

696

70,030

Additions

-

222

-

-

222

At 31 March 2025

276

22,046

47,234

696

70,252

DEPRECIATION

At 1 April 2024

-

8,424

22,959

139

31,522

Charge for year

-

2,724

4,855

139

7,718

At 31 March 2025

-

11,148

27,814

278

39,240

NET BOOK VALUE

At 31 March 2025

276

10,898

19,420

418

31,012

At 31 March 2024

276

13,400

24,275

557

38,508

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

1,900

4,737

Other debtors

2,763

2,763

4,663

7,500

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

1,403

-

Taxation and social security

1,191

1,347

Other creditors

10,907

11,991

13,501

13,338