Company registration number 07351966 (England and Wales)
GLYN WYLFA LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
PAGES FOR FILING WITH REGISTRAR
GLYN WYLFA LIMITED
CONTENTS
Page
Chairman's Report
1 - 2
Balance sheet
3 - 4
Notes to the financial statements
5 - 10
GLYN WYLFA LIMITED
CHAIRMAN'S REPORT
FOR THE YEAR ENDED 31 AUGUST 2025
- 1 -

The Chairman presents his report for the year ended 31 August 2025:

The Directors of Glyn Wylfa are pleased, once again, to report another excellent year of positive impact, supporting the local community and achieving continued financial growth. We consider, as a board, that we continue to make good progress in achieving and delivering our mission and objectives. We are also meeting our financial sustainability, growth targets for the company.

We continue to ensure that Glyn Wylfa is developed for the benefit of the local community. Caffi Wylfa visitors and sales have increased during the reporting period by 11% and we have achieved annual visitors of over 80,000.

The final year-end accounts for 2024/25 have been prepared by our external accountants and these show total sales and other income of £539,742 (2023/24 £492,202). This gives a p re tax surplus of £46,082 (2023/2024 £ 36,958).

In 2024, Glyn Wylfa won the Natwest SE 100, Social Business Pioneer Award and for the fifth year running, it is listed in the top 100 Social Enterprises in the UK. In November 2023 we won the Social Enterprise award at the Wrexham Community Business Awards and in 2021 Glyn Wylfa won the best Transformative Community UK Business Award, presented by Social Enterprise UK.

We have continued to make improvements to the Site and facilities. We have added additional solar panels, which along with our previous solar installation have reduced our electric usage by 50%. Energy efficiency is an important objective, and we have fitted two air source heat pumps and installed low energy lighting in the business centre and in Gwylfa Newydd. In Caffi Wylfa we have also added energy efficient equipment.

In the business centre, all the offices are occupied, and our tenants provide valuable services to our community. We have completed the update of our website, and we are using social media to good effect, promoting Glyn Wylfa and Caffi Wylfa.

Caffi Wylfa has achieved another remarkable year, and our caf e manager continues to push the c af e forward, introducing new ideas to enable us to continue to grow.

During the reporting period, in spite of difficult trading conditions in the hospitality sector, cafe income has increased by 11% compared to last year and we expect this level of growth to continue.

The Directors support our General Manager to look after the management of the premises and we maintain an onsite presence to support our business tenants.

The cafe has become an important hub for the community and for visitors to the area. Local walking groups and other groups use the Cafe as a meeting place for their activities. Regular Welsh language courses are provided by Coleg Cambria at Glyn Wylfa and these are popular with local residents.

We have supported Nightingale House and Hope House with different fundraising initiatives. We supported and hosted two main events last year: The Baton of Hope, Wrexham tour which is a UK wide initiative to support awareness and assistance for Suicide prevention and the inaugural Chirk 10k charity fun run which attracted 500 participants.

We have also continued to support local sports clubs, Friends of Chirk station, Ce i riog Partnership, local football and cricket clubs and many more with sponsorship. We try to support all local initiatives if possible. We engaged and made 20 donations to local organisations and charities which increased our total amount compared to last year.

We are pleased with the impact of our continual display of local artists work in the Caffi area, which demonstrates the rich abilities and culture of our local community.

The community room is again being used free of charge by local interest groups and charities and the free WiFi in the cafe is seen as a major benefit to all visitors.

We continue to have very good relations with all our stakeholders and meet our objective of improving the service to our customers and tenants while providing training and good facilities for our employees in an enjoyable workplace.

I would like to record my thanks to all our customers, tenants, directors, employees and other stakeholders who contribute to the success of Glyn Wylfa.

GLYN WYLFA LIMITED
CHAIRMAN'S REPORT (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
- 2 -
M W Ramsey
Chairman
28 January 2026
GLYN WYLFA LIMITED
BALANCE SHEET
AS AT
31 AUGUST 2025
31 August 2025
- 3 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
4
470,054
481,454
Current assets
Debtors
5
10,741
12,384
Cash at bank and in hand
186,805
159,034
197,546
171,418
Creditors: amounts falling due within one year
6
(49,546)
(49,758)
Net current assets
148,000
121,660
Total assets less current liabilities
618,054
603,114
Creditors: amounts falling due after more than one year
7
(247,678)
(267,338)
Provisions for liabilities
(36,847)
(33,709)
Net assets
333,529
302,067
Reserves
Income and expenditure account
333,529
302,067
Total members' funds
333,529
302,067
GLYN WYLFA LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 AUGUST 2025
31 August 2025
- 4 -

For the financial year ended 31 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the income and expenditure account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 28 January 2026 and are signed on its behalf by:
Mr B J Colley
Mr M W Ramsey
Director
Director
Company registration number 07351966 (England and Wales)
GLYN WYLFA LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
- 5 -
1
Accounting policies
Company information

Glyn Wylfa Limited is a private company limited by guarantee incorporated in England and Wales. The registered office is Glyn Wylfa, Castle Road, Chirk, Wrexham, LL14 5BS.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Income and expenditure

Income and expenses are included in the financial statements as they become receivable or due and are stated net of discounts and Value Added Tax.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold land and buildings
4% on cost
Plant and equipment
10% reducing balance
Fixtures and fittings
10% reducing balance
Computers
33% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to surplus or deficit.

1.4
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in surplus or deficit, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

GLYN WYLFA LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
1
Accounting policies
(Continued)
- 6 -

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in surplus or deficit, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

1.5
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.6
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.7
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

GLYN WYLFA LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
1
Accounting policies
(Continued)
- 7 -

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

1.8
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.9
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.10
Leases
As lessee

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

As lessor

Rental income from operating leases is recognised on a straight line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight line basis over the lease term.

1.11
Government grants

Government grants are recognised at the fair value of the asset receive d or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

GLYN WYLFA LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
- 8 -
2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
15
15
4
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 September 2024
633,245
178,820
812,065
Additions
-
0
24,911
24,911
At 31 August 2025
633,245
203,731
836,976
Depreciation and impairment
At 1 September 2024
252,524
78,087
330,611
Depreciation charged in the year
25,330
10,981
36,311
At 31 August 2025
277,854
89,068
366,922
Carrying amount
At 31 August 2025
355,391
114,663
470,054
At 31 August 2024
380,721
100,733
481,454
GLYN WYLFA LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
- 9 -
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Service charges due
5,182
8,121
Other debtors
5,559
4,263
10,741
12,384
6
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
12,890
12,983
Corporation tax
11,483
12,114
Other taxation and social security
13,747
13,761
Other creditors
11,426
10,900
49,546
49,758
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Other creditors
247,678
267,338
8
Members' liability

The company is limited by guarantee, not having a share capital and consequently the liability of members is limited, subject to an undertaking by each member to contribute to the net assets or liabilities of the company on winding up such amounts as may be required not exceeding £1.

GLYN WYLFA LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
- 10 -
9
Operating lease commitments
As lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2025
2024
£
£
Total commitments
2,670
5,667
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