REGISTERED NUMBER: 02665547 (England and Wales)

WHITE HART CARW GWYN LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

30 NOVEMBER 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J P Brooks

C M Brooks

SECRETARY:

C M Brooks

REGISTERED OFFICE:

Upper Glyn Farm

Devauden

Chepstow

Gwent

NP16 6PN

REGISTERED NUMBER:

02665547 (England and Wales)

ACCOUNTANTS:

Bevan Buckland Ltd

Ground Floor Cardigan House

Castle Court

Swansea Enterprise Park

Swansea

SA7 9LA

FIXED ASSETS

Intangible assets

4

2,917

-

Tangible assets

5

145,532

173,159

Investment property

6

383,978

383,978

532,427

557,137

CURRENT ASSETS

Debtors

7

33,267

47,333

Cash at bank and in hand

164,149

198,127

197,416

245,460

CREDITORS

Amounts falling due within one year

8

122,554

209,595

NET CURRENT ASSETS

74,862

35,865

TOTAL ASSETS LESS CURRENT LIABILITIES

607,289

593,002

PROVISIONS FOR LIABILITIES

42,857

41,562

NET ASSETS

564,432

551,440

CAPITAL AND RESERVES

Called up share capital

10,000

10,000

Retained earnings

554,432

541,440

564,432

551,440

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 6 July 2026 and were signed on its behalf by:

J P Brooks - Director

1.	STATUTORY INFORMATION

White Hart Carw Gwyn Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The company's functional and presentational currency in the financial statements is Sterling (£), rounded to the nearest pound.

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

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 as modified by the revaluation of certain assets.

There have been no material departures from Financial Reporting Standard 102 1A.

Turnover

Turnover represents amounts billed in respect of corporate video production, training courses and presentations undertaken during the year, excluding value added tax. Income is recognised at the point the related bill is raised to the customer, reflecting when the company has performed its obligations and has the right to consideration.

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.

Computer software is being amortised evenly over its estimated useful life of four years.

Tangible fixed assets

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

Land and buildings

-

5% on cost

Plant and Machinery

-

25% on cost

Fixtures and fittings

-

25% on cost

Motor vehicles

-

25% reducing balance

Investment property

Investment property is included at fair value. Gains are recognised in the profit and loss statement. Deferred

taxation is provided on these gains at the rate expected to apply when the asset is sold.

Rental income

Rental income from investment properties, is recognised in the period in which the property is occupied by guests. Income is therefore recognised when the stay takes place, in accordance with the terms of the booking arrangement, excluding value added tax.

Taxation

Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the year and is calculated using the tax rates and laws that have been enacted or substantively enacted at 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.

Financial instruments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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.

Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash at bank and in hand

Cash at bank and in hand are basic financial assets and include cash in hand, deposits held at call with banks and other short term liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

Creditors and provisions

Creditors and provisions are recognised where the company has a present obligation (legal and constructive) resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2024 - 9 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

Additions

3,500

At 30 November 2025

3,500

AMORTISATION

Charge for year

583

At 30 November 2025

583

NET BOOK VALUE

At 30 November 2025

2,917

5.	TANGIBLE FIXED ASSETS

Fixtures

Land and

Plant and

and

Motor

buildings

Machinery

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1 December 2024

and 30 November 2025

117,763

58,981

16,373

106,848

299,965

DEPRECIATION

At 1 December 2024

17,573

46,086

10,647

52,500

126,806

Charge for year

5,181

6,711

2,148

13,587

27,627

At 30 November 2025

22,754

52,797

12,795

66,087

154,433

NET BOOK VALUE

At 30 November 2025

95,009

6,184

3,578

40,761

145,532

At 30 November 2024

100,190

12,895

5,726

54,348

173,159

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 December 2024

and 30 November 2025

383,978

NET BOOK VALUE

At 30 November 2025

383,978

At 30 November 2024

383,978

Fair value at 30 November 2025 is represented by:

£

Valuation in 2025

383,978

The investment property was valued on a fair value basis at 30 November 2025 by the directors who do not have formal valuation qualifications. In valuing the property the directors have considered anticipated rental yields.

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

28,552

41,336

Other debtors

4,715

5,997

33,267

47,333

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

881

38,362

Taxation and social security

40,139

23,864

Other creditors

81,534

147,369

122,554

209,595

At the year-end date, the balance on the directors' loan account amounted to £62,377 (2024: £132,604).

The balance is unsecured, interest-free and has no fixed terms of repayment. There is no agreement in place regarding the timing of repayment, and the amount is therefore considered repayable on demand.