REGISTERED NUMBER: 08033819 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 April 2025

for

Maes Truan Farm Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

7

DIRECTORS:

Mrs I A Jones

Mr I R Jones

Mr D L Jones

Mr A L Jones

REGISTERED OFFICE:

Maes Truan

Llanelidan

Ruthin

Denbighshire

LL15 2RN

REGISTERED NUMBER:

08033819 (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

344

344

Tangible assets

5

776,057

782,705

776,401

783,049

CURRENT ASSETS

Stocks

376,455

315,274

Debtors

6

300,282

152,279

676,737

467,553

CREDITORS

Amounts falling due within one year

7

1,108,317

1,072,026

NET CURRENT LIABILITIES

(431,580

)

(604,473

)

TOTAL ASSETS LESS CURRENT LIABILITIES

344,821

178,576

CREDITORS

Amounts falling due after more than one year

8

(102,006

)

(122,675

)

PROVISIONS FOR LIABILITIES

(125,668

)

(123,380

)

NET ASSETS/(LIABILITIES)

117,147

(67,479

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

117,047

(67,579

)

SHAREHOLDERS' FUNDS

117,147

(67,479

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 28 April 2026 and were signed on its behalf by:

Mrs I A Jones - Director

Mr I R Jones - Director

Mr D L Jones - Director

Mr A L Jones - Director

1.	STATUTORY INFORMATION

Maes Truan Farm 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.

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.

Tangible fixed assets

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

Shed - 5% reducing balance

Improvements to property - 5% reducing balance

Plant and machinery - 20% reducing balance

Wind turbine - 5% reducing balance

Motor vehicles - 20% reducing balance

Computer equipment - 20% reducing balance

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

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.

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.

Going concern

The accounts have been prepared on the going concern basis, on the understanding that the directors and shareholders will continue to financially support the company during this uncertain period.

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 1 May 2024

and 30 April 2025

344

NET BOOK VALUE

At 30 April 2025

344

At 30 April 2024

344

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 May 2024

72,734

1,343,132

1,415,866

Additions

-

124,748

124,748

Disposals

-

(59,701

)

(59,701

)

At 30 April 2025

72,734

1,408,179

1,480,913

DEPRECIATION

At 1 May 2024

19,019

614,142

633,161

Charge for year

2,686

99,660

102,346

Eliminated on disposal

-

(30,651

)

(30,651

)

At 30 April 2025

21,705

683,151

704,856

NET BOOK VALUE

At 30 April 2025

51,029

725,028

776,057

At 30 April 2024

53,715

728,990

782,705

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

30.4.24

£

£

Trade debtors

-

23,199

Amounts owed by associates

293,085

120,540

Other debtors

7,197

8,540

300,282

152,279

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

30.4.24

£

£

Bank loans and overdrafts

394,471

365,070

Hire purchase contracts

35,202

32,167

Trade creditors

26,093

22,031

Taxation and social security

1,205

-

Other creditors

651,346

652,758

1,108,317

1,072,026

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.4.25

30.4.24

£

£

Bank loans

31,074

56,603

Hire purchase contracts

70,932

66,072

102,006

122,675

9.	RELATED PARTY DISCLOSURES

The directors loan account was in credit throughout the year.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Maes Truan Farm Limited for the year ended 30 April 2025 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Maes Truan Farm Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Maes Truan Farm Limited and state those matters that we have agreed to state to the Board of Directors of Maes Truan Farm Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Maes Truan Farm Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Maes Truan Farm Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Maes Truan Farm Limited. You consider that Maes Truan Farm Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Maes Truan Farm Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Dunn & Ellis Cyf

Chartered Accountants

Adeilad St David's Building

Stryd Lombard Street

Porthmadog

Gwynedd

LL49 9AP

28 April 2026