Caseware UK (AP4) 2025.0.111 2025.0.111 2025-12-31 2025-12-31 false true 2025-01-01 false the extraction, bottling and sale of water.41 44 false 12212678 2025-01-01 2025-12-31 12212678 2024-01-01 2024-12-31 12212678 2025-12-31 12212678 2024-12-31 12212678 c:Director1 2025-01-01 2025-12-31 12212678 d:Buildings 2025-01-01 2025-12-31 12212678 d:Buildings 2025-12-31 12212678 d:Buildings 2024-12-31 12212678 d:Buildings d:OwnedOrFreeholdAssets 2025-01-01 2025-12-31 12212678 d:PlantMachinery 2025-01-01 2025-12-31 12212678 d:PlantMachinery 2025-12-31 12212678 d:PlantMachinery 2024-12-31 12212678 d:PlantMachinery d:OwnedOrFreeholdAssets 2025-01-01 2025-12-31 12212678 d:OwnedOrFreeholdAssets 2025-01-01 2025-12-31 12212678 d:CurrentFinancialInstruments 2025-12-31 12212678 d:CurrentFinancialInstruments 2024-12-31 12212678 d:Non-currentFinancialInstruments 2025-12-31 12212678 d:Non-currentFinancialInstruments 2024-12-31 12212678 d:CurrentFinancialInstruments d:WithinOneYear 2025-12-31 12212678 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 12212678 d:Non-currentFinancialInstruments d:AfterOneYear 2025-12-31 12212678 d:Non-currentFinancialInstruments d:AfterOneYear 2024-12-31 12212678 d:ShareCapital 2025-12-31 12212678 d:ShareCapital 2024-12-31 12212678 d:RevaluationReserve 2025-12-31 12212678 d:RevaluationReserve 2024-12-31 12212678 d:RetainedEarningsAccumulatedLosses 2025-12-31 12212678 d:RetainedEarningsAccumulatedLosses 2024-12-31 12212678 c:FRS102 2025-01-01 2025-12-31 12212678 c:Audited 2025-01-01 2025-12-31 12212678 c:FullAccounts 2025-01-01 2025-12-31 12212678 c:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 12212678 c:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 12212678 e:PoundSterling 2025-01-01 2025-12-31 iso4217:GBP xbrli:pure

Registered number: 12212678 BRECON CARREG LIMITED FINANCIAL STATEMENTS INFORMATION FOR FILING WITH THE REGISTRAR FOR THE YEAR ENDED 31 DECEMBER 2025
BRECON CARREG LIMITED REGISTERED NUMBER: 12212678 BALANCE SHEET AS AT 31 DECEMBER 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Tangible assets | 5 |  | 3,883,632 |  | 2,638,151
Investments | 6 |  | 1 |  | 1
|  |  | 3,883,633 |  | 2,638,152
Current assets |  |  |  |  |
Stocks |  | 904,376 |  | 386,013 |
Debtors: amounts falling due within one year | 7 | 2,043,513 |  | 1,753,333 |
Cash at bank and in hand |  | 24,283 |  | 19,400 |
|  | 2,972,172 |  | 2,158,746 |
Creditors: amounts falling due within one year | 8 | (4,069,215) |  | (2,927,759) |
Net current liabilities |  |  | (1,097,043) |  | (769,013)
Total assets less current liabilities |  |  | 2,786,590 |  | 1,869,139
Creditors: amounts falling due after more than one year | 9 |  | - |  | (100,501)
Provisions for liabilities |  |  |  |  |
Deferred tax |  | (791,575) |  | (511,756) |
|  |  | (791,575) |  | (511,756)
Net assets |  |  | 1,995,015 |  | 1,256,882
Capital and reserves |  |  |  |  |
Called up share capital |  |  | 100 |  | 100
Revaluation reserve |  |  | 449,640 |  | 535,529
Profit and loss account |  |  | 1,545,275 |  | 721,253
|  |  | 1,995,015 |  | 1,256,882
Page 1
BRECON CARREG LIMITED REGISTERED NUMBER: 12212678 BALANCE SHEET (CONTINUED) AS AT 31 DECEMBER 2025 The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities. The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime. The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
D W Stockley
Director
Date: 15 June 2026
The notes on pages 3 to 9 form part of these financial statements. Page 2
BRECON CARREG LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
1. | General information
Brecon Carreg Ltd 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: | 12212678
| Registered office address: | Llwyndewi Isaf Trap, Llandeilo, Carmarthenshire, SA19 6TT
The presentation currency of the financial statements is the Pound Sterling (£). Monetary amounts in these financial statements are rounded to the nearest (£). 2.Accounting policies
| 2.1 | Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
| 2.2 | Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.
| 2.3 | Going concern
In preparing the financial statements, the directors have considered the current financial position of the company and have concluded that it is appropriate to prepare the financial statements on a going concern basis. The company is reliant on upon the continued support of lenders. The directors have assessed an expectation of continued support for the foreseeable future. In forming this conclusion, the directors have considered the company's net assets and the profit reported in the current financial year, as well as projected results and cash flow over the forthcoming twelve months.
| 2.4 | Turnover and revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Revenue is recognised when the company has transferred the significant risks and rewards of ownership to the buyer, which is generally on despatch of goods to the buyer.
| 2.5 | Investments in subsidiaries
Investments in subsidiary companies are stated at cost less impairment. Page 3
BRECON CARREG LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 2.Accounting policies (continued)
| 2.6 | Pensions
Defined contribution pension plan The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations. The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.
| 2.7 | Current and deferred taxation
The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income. Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that: ∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and ∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met. Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
| 2.8 | Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Page 4
BRECON CARREG LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 2.Accounting policies (continued)
| 2.8 | Tangible fixed assets (continued)
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives. Depreciation is provided on the following basis:
|  |  |  | Land and buildings | - | at varying rates on cost
|  |  |  | Plant and machinery | - | at varying rates on cost
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
| 2.9 | Stocks
Stock of raw materials are valued at cost. Manufactured goods and finished products incorporate raw material costs, labour costs and attributable overhead costs. Stock is valued at the lower of cost and estimated selling price, less costs to complete and sell.
| 2.10 | Research and development
Research and development costs are recognised as an expense when they are incurred. No development costs are capitalised.
| 2.11 | Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange gains and losses are taken into account in arriving at the operating result.
| 2.12 | 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.
| 2.13 | Factoring arrangements
Trade debtors that are debt factored under recourse agreements where the risks of non payment by customers remains with the company, are accounted for within trade debtors until such time that they are collected. Amounts collected by the factoring company in relation to the company's trade debtors, net of advances to the company and finance charges are shown within current assets or current liabilities, as relevant. Page 5
BRECON CARREG LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
3. | Judgments in applying accounting policies and key sources of estimation uncertainty
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors which are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision only effects that period or in the period of the revision and future periods if the revision affects both current and future periods. The following are the critical judgements that the directors have made in the process of applying the company's accounting policies and that have the most significant effect on the amounts recognised in the financial statements. Provisions and contingent liabilities Provisions are recognised when the company has a present obligation as a result of a past event and a reliable estimate can be made of a probable adverse outcome. Otherwise, material contingent liabilities are disclosed unless the transfer of economic benefits is remote. Contingent assets are only disclosed if an inflow of economic benefits is probable. Valuation of assets The valuation of fixed assets acquired as part of the acquisition of the business and assets at the commencement of trade were assessed with reference to their original purchase cost less depreciation to reflect the assets' overall useful expected life. Depreciation expense subsequent to the commencement of trade is calculated with reference to the assets' remaining useful expected life from the date of original purchase by the previous owner. The directors have reviewed depreciation rates, residual values and remaining useful lives of fixed assets within the year. Impairment of assets Assets are assessed for indicators of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the income statement.
4. | Employees
| The average monthly number of employees, including directors, during the year was 41 (2024 - 44).
Page 6
BRECON CARREG LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
5. | Tangible fixed assets
|  | Freehold property | Plant and machinery etc | Total
|  | £ | £ | £
| Cost or valuation |  |  |
| At 1 January 2025 | 977,270 | 2,991,534 | 3,968,804
| Additions | 8,430 | 1,541,109 | 1,549,539
| At 31 December 2025 | 985,700 | 4,532,643 | 5,518,343
| Depreciation |  |  |
| At 1 January 2025 | 169,398 | 1,161,254 | 1,330,652
| Charge for the year on owned assets | 28,517 | 275,542 | 304,059
| At 31 December 2025 | 197,915 | 1,436,796 | 1,634,711
| Net book value |  |  |
| At 31 December 2025 | 787,785 | 3,095,847 | 3,883,632
| At 31 December 2024 | 807,872 | 1,830,279 | 2,638,151
| Included in cost or valuation of land and buildings is freehold land of £400,000 (2024 - £400,000) which is not depreciated.
6. | Fixed asset investments
|  | Shares in group undertaking
|  | £
| Cost or valuation |
| At 1 January 2025 | 1
| At 31 December 2025 | 1
Page 7
BRECON CARREG LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
7. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade debtors | 1,790,405 | 1,570,536
| Amounts owed by group undertakings | 13,089 | -
| Other debtors | 89,700 | -
| Prepayments and accrued income | 150,319 | 182,797
|  | 2,043,513 | 1,753,333
8. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Bank loans | 9,282 | 10,126
| Other loans | 854,192 | 570,119
| Trade creditors | 1,594,387 | 1,093,659
| Corporation tax | - | 6,113
| Other taxation and social security | 49,907 | 206,840
| Other creditors | 1,239,662 | 791,996
| Accruals and deferred income | 321,785 | 248,906
|  | 4,069,215 | 2,927,759
| Details of security provided: Other loans are secured by a legal charge over the company's Freehold property.
9. | Creditors: Amounts falling due after more than one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Bank loans | - | 9,282
| Other loans | - | 91,219
|  | - | 100,501
Page 8
BRECON CARREG LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
10.Other financial commitments The company has commitments under non cancellable operating leases amounting to £1,618,094 (2024: £1,648,340).
11. | Related party transactions
| At the commencement of trading, the company acquired the business assets from Spadel SA, a corporate director, for an undisclosed sum. The company has repaid the loan facility with Spadel SA and owed that company £nil (2024: £661,338) at the balance sheet date. The company paid consultancy costs to a company controlled by a director; the total cost incurred in relation to the period was £18,000 (2024: £18,000) and no amounts were outstanding at the balance sheet date. At the balance sheet date, the company was owed £13,089 (2024: £nil) from its subsidiary Carreg Land Limited. At the balance sheet date, the company owed £nil (2024: £469) by directors in relation to expense claims.
12. | Controlling party
The controlling party is D W Stockley.
13. | Auditor's information
The auditor's report on the financial statements for the year ended 31 December 2025 was unqualified. The audit report was signed on 15 June 2026 by Rachel Doyle ACA (Senior statutory auditor) on behalf of MHA. MHA is the trading name of MHA Audit Services LLP, a limited liability partnership in England and Wales (registered number OC455542).
Page 9