REGISTERED NUMBER: 10948983 (Wales)

Unaudited Financial Statements

for the Year Ended 30 September 2025

for

JE & AC HUGHES CYF

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J E Hughes

Mrs A C Hughes

Cwrt Henri Farms Ltd

REGISTERED OFFICE:

Caercoed

Dryslwyn

Carmarthen

Carmarthenshire

SA32 8RU

REGISTERED NUMBER:

10948983 (Wales)

ACCOUNTANTS:

Ashmole & Co

3 Market Street

Llandeilo

CARMARTHENSHIRE

SA19 6AH

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

403,924

441,634

403,924

441,634

CURRENT ASSETS

Stocks

1,463,805

1,057,475

Debtors

215,050

178,135

Investments

77,615

112,741

Cash at bank

316,091

38,236

2,072,561

1,386,587

CREDITORS

Amounts falling due within one year

1,056,230

772,593

NET CURRENT ASSETS

1,016,331

613,994

TOTAL ASSETS LESS CURRENT LIABILITIES

1,420,255

1,055,628

CREDITORS

Amounts falling due after more than one year

(444,965

)

(532,697

)

PROVISIONS FOR LIABILITIES

(86,917

)

(82,569

)

NET ASSETS

888,373

440,362

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

888,273

440,262

888,373

440,362

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 September 2025 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 June 2026 and were signed on its behalf by:

J E Hughes - Director

Mrs A C Hughes - Director

1.	STATUTORY INFORMATION

JE & AC Hughes Cyf is a private company, limited by shares , registered in 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.

Sps entitlements

SPS Entitlements have been amortised evenly over their estimated useful life of 4 years.

Tangible fixed assets

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

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

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 Statement of Income and Retained Earnings, 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Livestock

Livestock considered to be the herd is recognised at market value as a current asset within the financial statements. The difference between market value and historic value is adjusted for corporation tax purposes in accordance with fair value recognition of the herd.

Investments

Investments are initially measured at cost and are subsequently measured at fair value at each reporting date. Movements in fair value between reporting dates are recognised in the Profit and Loss Account in the period in which they arise.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 October 2024

and 30 September 2025

13,649

AMORTISATION

At 1 October 2024

and 30 September 2025

13,649

NET BOOK VALUE

At 30 September 2025

-

At 30 September 2024

-

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 October 2024

772,889

Additions

101,150

Disposals

(51,425

)

At 30 September 2025

822,614

DEPRECIATION

At 1 October 2024

331,255

Charge for year

100,228

Eliminated on disposal

(12,793

)

At 30 September 2025

418,690

NET BOOK VALUE

At 30 September 2025

403,924

At 30 September 2024

441,634

6.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2025

2024

£

£

Net obligations repayable:

Within one year

6,625

6,625

Between one and five years

6,745

13,370

13,370

19,995

Non-cancellable

operating leases

2025

2024

£

£

Within one year

114,610

114,610

Between one and five years

458,440

458,440

In more than five years

552,670

667,280

1,125,720

1,240,330

The term of the lease of Big House Farm is 20 years from 2018. Rent payable is £52,210 per annum

The term of the lease of Berllan Dywyll Farm is 10 years from 2024. Rent payable is £62,400 per annum

7.	RELATED PARTY DISCLOSURES

Cwrt Henri Farms Limited holds 10 ordinary B shares in JE & AC Hughes Cyf which equates to a 10% shareholding. Mr J E Hughes is the controlling party and majority shareholder of Cwrt Henri Farms Limited.