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Registration number: 16018826

Y Gampfa Ltd
Annual Report and Unaudited Financial Statements
for the Period from 15 October 2024 to 31 October 2025

Y Gampfa Ltd

Contents

Company Information | 1
Balance Sheet | 2 to 3
Notes to the Financial Statements | 4 to 8

Y Gampfa Ltd

Company Information

Directors | Mr J A Turner Mr S R Evans Mr J N Morley-Farmer Mr J A Stewart

Registered office | Block D Parc Menter Dyffryn Teifi Llandysul SA44 4HP

Y Gampfa Ltd

(Registration number: 16018826)
Balance Sheet as at 31 October 2025

| Note | 2025 £
Fixed assets |  |
Tangible assets | 5 | 205,887
Current assets |  |
Debtors | 6 | 42,278
Cash at bank and in hand |  | 250
|  | 42,528
Creditors: Amounts falling due within one year | 7 | (232,887)
Net current liabilities |  | (190,359)
Total assets less current liabilities |  | 15,528
Creditors: Amounts falling due after more than one year | 7 | (27,224)
Net liabilities |  | (11,696)
Capital and reserves |  |
Called up share capital |  | 4
Profit and loss account |  | (11,700)
Total equity |  | (11,696)

For the financial period ending 31 October 2025 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 accounts for the period in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Y Gampfa Ltd

(Registration number: 16018826)
Balance Sheet as at 31 October 2025

Approved and authorised by the Board on 13 July 2026 and signed on its behalf by:

......................................... Mr J A Turner Director ......................................... Mr J A Stewart Director | ......................................... Mr S R Evans Director | ......................................... Mr J N Morley-Farmer Director

Y Gampfa Ltd

Notes to the Financial Statements for the Period from 15 October 2024 to 31 October 2025

1 | General information

The company is a private company limited by share capital, incorporated in Wales.

The address of its registered office is:
Block D
Parc Menter Dyffryn Teifi
Llandysul
SA44 4HP

These financial statements were authorised for issue by the Board on 13 July 2026.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Plant and Machinery (Weight Equipment) | 10% Straight Line Basis
Plant and Machinery (Cardio Equipment) | 20% Straight Line Basis
Fixtures and Fittings | 25% Straight Line Basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Y Gampfa Ltd

Notes to the Financial Statements for the Period from 15 October 2024 to 31 October 2025

Debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.
Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.
Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the period, was 4.

Y Gampfa Ltd

Notes to the Financial Statements for the Period from 15 October 2024 to 31 October 2025

4 | Loss/profit before tax

Arrived at after charging/(crediting)

| 2025 £
Depreciation expense | 1,555

5 | Tangible assets

| Land and buildings £ | Fixtures and fittings £ | Plant and machinery £ | Office equipment £ | Total £
Cost or valuation
Additions | 50,000 | 3,984 | 133,457 | 20,000 | 207,441
At 31 October 2025 | 50,000 | 3,984 | 133,457 | 20,000 | 207,441
Depreciation
Charge for the period | - | 83 | 1,138 | 333 | 1,554
At 31 October 2025 | - | 83 | 1,138 | 333 | 1,554
Carrying amount
At 31 October 2025 | 50,000 | 3,901 | 132,319 | 19,667 | 205,887

Included within the net book value of land and buildings above is £50,000 in respect of freehold land and buildings.

6 | Debtors

| 2025 £
Prepayments | 7,166
Other debtors | 35,112
| 42,278

Y Gampfa Ltd

Notes to the Financial Statements for the Period from 15 October 2024 to 31 October 2025

7 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £
Due within one year |  |
Bank loans and overdrafts | 9 | 14,204
Trade creditors |  | 2,277
Directors' loan accounts | 10 | 214,996
Other creditors |  | 1,410
|  | 232,887

Creditors: amounts falling due after more than one year

| Note | 2025 £
Due after one year |  |
Loans and borrowings | 9 | 27,224

Y Gampfa Ltd

Notes to the Financial Statements for the Period from 15 October 2024 to 31 October 2025

8 | Share capital

Allotted, called up and fully paid shares

| 2025
| No. | £
Ordinary Shares of £1 each | 4 | 4

9 | Loans and borrowings

| 2025 £
Non-current loans and borrowings
HP and finance lease liabilities | 27,224

| 2025 £
Current loans and borrowings
HP and finance lease liabilities | 14,204

10 | Related party transactions

Transactions with directors

2025 | At 15 October 2024 £ | Advances to director £ | At 31 October 2025 £
Mr J N Morley-Farmer
Mr J N Morley-Farmer | - | 1 | 1

Other transactions with directors

As at the balance sheet date, Mr J A Turner was owed £168,300 from the company. The loan is interest free and repayable on demand.
As at the balance sheet date, Mr J A Stewart was owed £26,696 from the company. The loan is interest free and repayable on demand.
As at the balance sheet date, Mr S R Evans was owed £19,999 from the company. The loan is interest free and repayable on demand.