Abergwyngregyn Regeneration Company Limited 31/03/2026 iXBRL

Company registration number: 04619392

Abergwyngregyn Regeneration Company Limited

Company limited by guarantee

Unaudited filleted financial statements

31 March 2026

Abergwyngregyn Regeneration Company Limited

Company limited by guarantee

Contents

Directors and other information

Accountants report

Statement of financial position

Notes to the financial statements

Abergwyngregyn Regeneration Company Limited

Company limited by guarantee

Directors and other information


Directors	Wynn Griffith
	Ian Peter Keefe	(Appointed 26 July 2025)
	Ifor Evans
	Rita Roberts
	Hywel Thomas
	Jenny Alty
	Nicolette Whiting
	Alexis Farr	(Resigned 26 November 2025)
	Rena Griffith
	Alwyn Nixon
	Lyndsey Moody	(Resigned 26 July 2025)


Company number	04619392


Registered office	Yr Hen Felin
	Abergwyngregyn
	Llanfairfechan
	Gwynedd
	LL33 0LP


Business address	Yr Hen Felin
	Abergwyngregyn
	Llanfairfechan
	Gwynedd
	LL33 0LP


Accountants	Parker, O'Regan, Tann & Co
	Bangor Business Centre
	2 Farrar Road
	Bangor
	Gwynedd
	LL57 1LJ

Abergwyngregyn Regeneration Company Limited

Company limited by guarantee

Chartered Certified accountants report to the board of directors on the preparation of the

unaudited statutory financial statements of Abergwyngregyn Regeneration Company Limited

Year ended 31 March 2026

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Abergwyngregyn Regeneration Company Limited for the year ended 31 March 2026 as set out on pages 3 to 8 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants , we are subject to its ethical and other professional requirements which are detailed at www.accaglobal.com.

This report is made solely to the board of directors of Abergwyngregyn Regeneration Company Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Abergwyngregyn Regeneration Company Limited and state those matters that we have agreed to state to the board of directors of Abergwyngregyn Regeneration Company Limited as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at www.accaglobal.com. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Abergwyngregyn Regeneration Company Limited and its board of directors as a body for our work or for this report.

It is your duty to ensure that Abergwyngregyn Regeneration Company 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 Abergwyngregyn Regeneration Company Limited. You consider that Abergwyngregyn Regeneration Company 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 Abergwyngregyn Regeneration Company 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.

Parker, O'Regan, Tann & Co

Chartered Certified Accountants

Bangor Business Centre

2 Farrar Road

Bangor

Gwynedd

LL57 1LJ

12 May 2026

Abergwyngregyn Regeneration Company Limited

Company limited by guarantee

Statement of financial position

31 March 2026

		2026		2025
	Note	£	£	£	£

Fixed assets
Tangible assets	5	351,502		352,038
Investments	6	1,335		1,468
		_______		_______
			352,837		353,506

Current assets
Debtors	7	4,875		6,980
Cash at bank and in hand		123,773		81,523
		_______		_______
		128,648		88,503
Creditors: amounts falling due
within one year	8	( 30,759)		( 34,541)
		_______		_______
Net current assets			97,889		53,962
			_______		_______
Total assets less current liabilities			450,726		407,468

Creditors: amounts falling due
after more than one year	9		( 191,040)		( 198,170)

Provisions for liabilities			( 2,075)		( 2,343)

			_______		_______
Net assets			257,611		206,955
			_______		_______

Capital and reserves
Profit and loss account			257,611		206,955
			_______		_______
Members funds			257,611		206,955
			_______		_______

For the year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors responsibilities:

- The 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 Act 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 and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 12 May 2026 , and are signed on behalf of the board by:

Ifor Evans Hywel Thomas

Director Director

Company registration number: 04619392

Abergwyngregyn Regeneration Company Limited

Company limited by guarantee

Notes to the financial statements

Year ended 31 March 2026

1. General information

The company is a private company limited by guarantee, registered in England and Wales. The address of the registered office is Yr Hen Felin, Abergwyngregyn, Llanfairfechan, Gwynedd, LL33 0LP.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis.The financial statements are prepared in sterling, which is the functional currency of the entity.

Turnover

Turnover represents the total amount receivable for the period.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:


Freehold property	-	2 %	straight line
Pay and display meters	-	12.5 %	straight line
Cafe equipment	-	12.5 %	straight line
Other equipment	-	12.5 %	straight line

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Fixed asset investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

Government grants

Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received.

Government grants are recognised using the accrual model.

Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable.

Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income and not deducted from the carrying amount of the asset.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.

4. Limited by guarantee

The company is limited by guarantee and does not have a share capital. The liability of the guarantors is limited to £1.

5. Tangible assets

	Freehold property	Pay and display meters	Cafe equipment	Other equipment	Total
	£	£	£	£	£
Cost
At 1 April 2025	487,348	13,467	36,963	9,367	547,145
Additions	10,642	-	-	-	10,642
	_______	_______	_______	_______	_______
At 31 March 2026	497,990	13,467	36,963	9,367	557,787
	_______	_______	_______	_______	_______
Depreciation
At 1 April 2025	146,199	4,759	35,575	8,574	195,107
Charge for the year	8,590	1,683	640	265	11,178
	_______	_______	_______	_______	_______
At 31 March 2026	154,789	6,442	36,215	8,839	206,285
	_______	_______	_______	_______	_______
Carrying amount
At 31 March 2026	343,201	7,025	748	528	351,502
	_______	_______	_______	_______	_______
At 31 March 2025	341,149	8,708	1,388	793	352,038
	_______	_______	_______	_______	_______

6. Investments

	Unlisted investments	Total
	£	£
Cost
At 1 April 2025	1,468	1,468
Disposals	( 133)	( 133)
	_______	_______
At 31 March 2026	1,335	1,335
	_______	_______
Impairment
At 1 April 2025 and 31 March 2026	-	-
	_______	_______
Carrying amount
At 31 March 2026	1,335	1,335
	_______	_______
At 31 March 2025	1,468	1,468
	_______	_______

7. Debtors

	2026	2025
	£	£
Other debtors	4,875	6,980
	_______	_______

8. Creditors: amounts falling due within one year

	2026	2025
	£	£
Bank loans and overdrafts	-	5,858
Corporation tax	22,987	20,063
Social security and other taxes	4,194	4,706
Other creditors	3,578	3,914
	_______	_______
	30,759	34,541
	_______	_______

9. Creditors: amounts falling due after more than one year

	2026	2025
	£	£
Other creditors	191,040	198,170
	_______	_______

Other creditors represent a non-reayable grant recived from WEFO on the renovation of the Old Mill.

10. Controlling party

The company is limited by guarantee, has no share capital, and is controlled by the Directors.