Tyddyn Talgoch Cyf - Accounts to registrar (filleted)

REGISTERED NUMBER: 08425875 (Wales)

Unaudited Financial Statements for the Year Ended 31 October 2025

for

Tyddyn Talgoch Cyf

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Intangible assets

4

465,000

775,000

Tangible assets

5

3,673,437

3,626,495

4,138,437

4,401,495

CURRENT ASSETS

Stocks

18,500

Debtors

6

10,640

6,708

Cash at bank and in hand

561

553

29,701

25,761

CREDITORS

Amounts falling due within one year

7

1,699,590

1,549,718

NET CURRENT LIABILITIES

(1,669,889

)

(1,523,957

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

2,468,548

2,877,538

CREDITORS

Amounts falling due after more than one year

8

(2,920,499

)

(3,032,090

)

PROVISIONS FOR LIABILITIES

(27,778

)

(26,512

)

NET LIABILITIES

(479,729

)

(181,064

)

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

(479,829

)

(181,164

)

SHAREHOLDERS' FUNDS

(479,729

)

(181,064

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 7 July 2026 and were signed on its behalf by:

Mr M W Roberts - Director

1.	STATUTORY INFORMATION

Tyddyn Talgoch Cyf is a private company, limited by shares , registered in Wales. The company's registered number and registered office address are as below:

Registered number:

08425875

Registered office:

The Old Coalyard

Glandon Industrial Estate

Pwllheli

Gwynedd

LL53 5YT

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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2022, is being amortised evenly over its estimated useful life of five years.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2024 - 6 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 November 2024

and 31 October 2025

1,550,000

AMORTISATION

At 1 November 2024

775,000

Charge for year

310,000

At 31 October 2025

1,085,000

NET BOOK VALUE

At 31 October 2025

465,000

At 31 October 2024

775,000

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

COST

At 1 November 2024

3,418,896

437,861

3,856,757

Additions

-

123,529

Disposals

-

(35,361

)

(35,361

)

At 31 October 2025

3,418,896

526,029

3,944,925

DEPRECIATION

At 1 November 2024

-

230,262

Charge for year

-

56,090

Eliminated on disposal

-

(14,864

)

(14,864

)

At 31 October 2025

-

271,488

NET BOOK VALUE

At 31 October 2025

3,418,896

254,541

3,673,437

At 31 October 2024

3,418,896

207,599

3,626,495

Included in cost of land and buildings is freehold land of £ 3,228,500 (2024 - £ 3,228,500 ) which is not depreciated.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.25

31.10.24

£

Trade debtors

8,929

6,076

Other debtors

1,711

632

10,640

6,708

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.25

31.10.24

£

Bank loans and overdrafts

186,127

113,260

Hire purchase contracts

34,664

23,167

Trade creditors

280,399

221,126

Amounts owed to group undertakings

15,000

Taxation and social security

-

13,765

Other creditors

1,183,400

1,163,400

1,699,590

1,549,718

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.10.25

31.10.24

£

Bank loans

2,910,747

3,019,090

Hire purchase contracts

9,752

13,000

2,920,499

3,032,090

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

2,512,747

2,674,890

9.	RELATED PARTY DISCLOSURES

Loans amounting to £1,161,000 received from the Director were brought forwards this year.

The total movement on the Directors loan account this year was a further advance of £20,000.

No interest has been charged on these loans and the total amount remaining unpaid at 31/10/2025 was £1,181,000.