REGISTERED NUMBER: 09971933 (England and Wales)

TREHARNE HOLDINGS LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 DECEMBER 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

A Victoria

G Kostopoulos

G Heald

REGISTERED OFFICE:

Treharne Workshops

Llanelli Gate

Dafen

Llanelli

Carmarthenshire

SA14 8LQ

REGISTERED NUMBER:

09971933 (England and Wales)

AUDITORS:

Bevan Buckland LLP

Chartered Accountants

And Statutory Auditors

Ground Floor Cardigan House

Castle Court

Swansea Enterprise Park

Swansea

SA7 9LA

FIXED ASSETS

Tangible assets

4

876,130

894,821

CURRENT ASSETS

Debtors

5

1,830

-

Cash at bank and in hand

-

7,031

1,830

7,031

CREDITORS

Amounts falling due within one year

6

592,347

593,522

NET CURRENT LIABILITIES

(590,517

)

(586,491

)

TOTAL ASSETS LESS CURRENT LIABILITIES

285,613

308,330

PROVISIONS FOR LIABILITIES

-

(53

)

ACCRUALS AND DEFERRED INCOME

(7,125

)

(8,625

)

NET ASSETS

278,488

299,652

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

278,487

299,651

278,488

299,652

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 31 December 2025 and were signed on its behalf by:

A Victoria - Director

1.	STATUTORY INFORMATION

Treharne Holdings 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Going concern

At the time of approving the financial statements the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.

The company owns properties that are occupied by fellow group companies. Rental income was charged on these properties, however this ceased in May 2023. The company now provides use of these properties as in in-kind contribution to the group.

At 31st December 2024 the company owed amounts to its parent company that are repayable on demand. The company is reliant on the continued support from the parent company as if these amounts were recalled the company would need to sell its assets in order to continue as a going concern.

At the time of approving the financial statements the directors continue to adopt the going concern basis of accounting in preparing the financial statements based on the fact the company will continue to receive support from group entities.

Turnover

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

Rents receivable on the freehold investment property under the terms of the operating lease are included in the profit and loss account on a receivable basis

Tangible fixed assets

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

Freehold property

-

2% on cost

Fixtures and fittings

-

25% reducing balance

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.

Government grants

Government grants are recorded initially as deferred income and recognised in the income statement in line with the expense to which they contribute. For grants in respect of the purchase of plant and equipment, the deferred income is released over the life of the related asset.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

and

property

fittings

Totals

£

£

£

COST

At 1 January 2024

and 31 December 2024

931,885

1,500

933,385

DEPRECIATION

At 1 January 2024

37,275

1,289

38,564

Charge for year

18,638

53

18,691

At 31 December 2024

55,913

1,342

57,255

NET BOOK VALUE

At 31 December 2024

875,972

158

876,130

At 31 December 2023

894,610

211

894,821

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Amounts owed by group undertakings

1,830

-

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Amounts owed to group undertakings

583,405

583,405

Taxation and social security

4,917

4,917

Other creditors

4,025

5,200

592,347

593,522

Amounts owed to group undertakings are not secured and are repayable on demand. No interest is charged on amounts owed to group undertakings.

7.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Llinos Williams (Senior Statutory Auditor)

for and on behalf of Bevan Buckland LLP

In forming our opinion on the financial statements which is not modified, we have considered the adequacy of the disclosure in the full financial statements concerning the company's ability to continue as a going concern.

The company continues to be dependent on the parent company for it's financial support. However in the event financial support was not available from the Parent company, then the company may not be able to continue in existence for the foreseeable future. Due to the uncertainty surrounding the continuation of group support and whether the loan would be recalled, a material uncertainty exists that may cast significant doubt on the company's ability to continue as a going concern.

The financial statements do not include the adjustments that would result if the company were unable to continue as a going concern.

8.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

9.	ULTIMATE CONTROLLING PARTY

ATCDT Corporation is the ultimate parent company as they own 100% of the share capital in Treharne Holdings Limited. There is deemed to be no ultimate controlling party.