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Company Registration No. 7249511 (England and Wales)
GWESTY-GLYNARTHEN LIMITED Unaudited accounts for the year ended 31 May 2025
GWESTY-GLYNARTHEN LIMITED Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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GWESTY-GLYNARTHEN LIMITED Company Information for the year ended 31 May 2025
Director
Richard Price
Company Number
7249511 (England and Wales)
Registered Office
19 Cascades Caer Ffynnon Barry CF62 6NS Wales
Accountants
STAS Ltd 253 Cowbridge Road West Cardiff CF5 5TD
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GWESTY-GLYNARTHEN LIMITED Statement of financial position as at 31 May 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
-
8,855
Investments
5
178,039
189,796
178,039
198,651
Current assets
Cash at bank and in hand
247
661
Net current assets
247
661
Total assets less current liabilities
178,286
199,312
Creditors: amounts falling due after more than one year
6
(437,733)
(435,494)
Net liabilities
(259,447)
(236,182)
Capital and reserves
Called up share capital
1
1
Revaluation reserve
(31,658)
(30,845)
Profit and loss account
(227,790)
(205,338)
Shareholders' funds
(259,447)
(236,182)
For the year ending 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 20 January 2025 and were signed on its behalf by
Richard Price Director Company Registration No. 7249511
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GWESTY-GLYNARTHEN LIMITED Notes to the Accounts for the year ended 31 May 2025
1
Statutory information
GWESTY-GLYNARTHEN LIMITED is a private company, limited by shares, registered in England and Wales, registration number 7249511. The registered office is 19 Cascades, Caer Ffynnon, Barry, CF62 6NS, Wales.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
4 years
4
Tangible fixed assets
Motor vehicles
£
Cost or valuation
At cost
At 1 June 2024
35,420
At 31 May 2025
35,420
Depreciation
At 1 June 2024
26,565
Charge for the year
8,855
At 31 May 2025
35,420
Net book value
At 31 May 2025
-
At 31 May 2024
8,855
5
Investments
Other investments
£
Valuation at 1 June 2024
189,796
Fair value adjustments
813
Disposals
(12,570)
Valuation at 31 May 2025
178,039
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GWESTY-GLYNARTHEN LIMITED Notes to the Accounts for the year ended 31 May 2025
6
Creditors: amounts falling due after more than one year
2025
2024
£
£
Loans from directors
437,733
435,494
7
Average number of employees
During the year the average number of employees was 0 (2024: 0).
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