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REGISTERED NUMBER: 02734601 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2025

for

Corris Caverns Limited

Corris Caverns Limited (Registered number: 02734601)

Contents of the Financial Statements

for the Year Ended 31 December 2025

Page |

Balance Sheet | 1 |

Notes to the Financial Statements | 3 |

Corris Caverns Limited (Registered number: 02734601)

Balance Sheet

31 December 2025

| 31.12.25 | 31.12.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 426,530 |  | 447,294 |  |

CURRENT ASSETS

Stocks | 37,730 |  | 46,745 |  |

Debtors | 5 | 60,212 |  | 55,875 |  |

Cash at bank and in hand | 490,568 |  | 442,440 |  |

588,510 |  | 545,060 |  |

CREDITORS

Amounts falling due within one year | 6 | 88,822 |  | 86,413 |  |

NET CURRENT ASSETS | 499,688 |  | 458,647 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 926,218 |  | 905,941 |  |

CREDITORS

Amounts falling due after more than one year | 7 | (179,362 | ) | (190,935 | ) |

PROVISIONS FOR LIABILITIES | (10,699 | ) | (13,006 | ) |

NET ASSETS | 736,157 |  | 702,000 |  |

CAPITAL AND RESERVES

Called up share capital | 117,502 |  | 117,502 |  |

Retained earnings | 618,655 |  | 584,498 |  |

SHAREHOLDERS' FUNDS | 736,157 |  | 702,000 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

Corris Caverns Limited (Registered number: 02734601)

Balance Sheet - continued

31 December 2025

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 11 May 2026 and were signed on its behalf by:

Mr P D Cameron - Director

Mr D M Cameron - Director

Corris Caverns Limited (Registered number: 02734601)

Notes to the Financial Statements

for the Year Ended 31 December 2025

1. | STATUTORY INFORMATION

| Corris Caverns Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

| Registered number: | 02734601

| Registered office: | 1 Corris Craft Centre

| Corris

| Machynlleth

| Powys

| SY20 9RF

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.

| Land and buildings | - | 2% on cost

| Plant and machinery etc | - | 25% on reducing balance, 20% on reducing balance and 2% 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.

| 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.

| Government grants

| All grants received in relation to assets held or purchased are released to the profit and loss account over the asset's useful life as determined by the tangible fixed assets policy on depreciation.

| The company considers that there has been no breach of grant conditions and is reasonably assured that possibility of grant repayment is remote.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 23 (2024 - 27 ) .

Corris Caverns Limited (Registered number: 02734601)

Notes to the Financial Statements - continued

for the Year Ended 31 December 2025

4. | TANGIBLE FIXED ASSETS

| Plant and |

| Land and |  | machinery |

| buildings |  | etc |  | Totals

£ | £ | £ |

| COST

| At 1 January 2025 | 402,455 |  | 863,633 |  | 1,266,088 |  |

| Additions | - |  | 6,568 |  | 6,568 |  |

| At 31 December 2025 | 402,455 |  | 870,201 |  | 1,272,656 |  |

| DEPRECIATION

| At 1 January 2025 | 184,894 |  | 633,900 |  | 818,794 |  |

| Charge for year | 7,249 |  | 20,083 |  | 27,332 |  |

| At 31 December 2025 | 192,143 |  | 653,983 |  | 846,126 |  |

| NET BOOK VALUE

| At 31 December 2025 | 210,312 |  | 216,218 |  | 426,530 |  |

| At 31 December 2024 | 217,561 |  | 229,733 |  | 447,294 |  |

5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.12.25 |  | 31.12.24

£ | £ |

| Trade debtors | 22,570 |  | 20,365 |  |

| Other debtors | 37,642 |  | 35,510 |  |

60,212 |  | 55,875 |  |

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.12.25 |  | 31.12.24

£ | £ |

| Bank loans and overdrafts | 5,834 |  | 10,320 |  |

| Trade creditors | 18,816 |  | 2,356 |  |

| Other deferred income | 13,097 |  | 14,313 |  |

| Tax | 16,328 |  | 25,241 |  |

| Social security and other taxes | 4,118 |  | 4,211 |  |

| VAT | 20,048 |  | 17,882 |  |

| Other creditors | 22 |  | 452 |  |

| Accruals and deferred income | 4,500 |  | 5,500 |  |

| Deferred government grant | 6,059 |  | 6,138 |  |

88,822 |  | 86,413 |  |

7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

| 31.12.25 |  | 31.12.24

£ | £ |

| Bounce Back Loan 1-2 years | - |  | 5,513 |  |

| Deferred government grants | 179,362 |  | 185,422 |  |

179,362 |  | 190,935 |  |

Corris Caverns Limited (Registered number: 02734601)

Notes to the Financial Statements - continued

for the Year Ended 31 December 2025

8. | SECURED DEBTS

| The following secured debts are included within creditors:

| 31.12.25 |  | 31.12.24

£ | £ |

| Barclays Bank Plc hold a registered legal charge on all monies due or to become due from the company to the chargee on any account whatsoever.

| The charge, which remained at the period end, relates to land lying on the east and west sides of the roadway leading from Mynydd Braich-Goch to Corris Uchaf, Corris and land at Mynydd Braichgoch Corris Gwynedd T/Nos: WA713733 and WA536672.