REGISTERED NUMBER: 04549265 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 October 2025

for

Steil Cyf

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs C Owen

Mr R W Owen

SECRETARY:

Mrs C Owen

REGISTERED OFFICE:

73 High Street

Pwllheli

Gwynedd

LL53 5RR

REGISTERED NUMBER:

04549265 (England and Wales)

ACCOUNTANTS:

Dunn & Ellis Cyf

Chartered Accountants

Adeilad St David's Building

Stryd Lombard Street

Porthmadog

Gwynedd

LL49 9AP

FIXED ASSETS

Tangible assets

4

167,280

176,945

Investment property

5

410,000

410,000

577,280

586,945

CURRENT ASSETS

Stocks

26,000

26,000

Debtors

6

42,059

184,945

Investments

7

10,000

10,000

Cash at bank and in hand

316,202

253,483

394,261

474,428

CREDITORS

Amounts falling due within one year

8

118,902

199,878

NET CURRENT ASSETS

275,359

274,550

TOTAL ASSETS LESS CURRENT LIABILITIES

852,639

861,495

CREDITORS

Amounts falling due after more than one year

9

(591,773

)

(599,093

)

PROVISIONS FOR LIABILITIES

(58,490

)

(59,540

)

NET ASSETS

202,376

202,862

CAPITAL AND RESERVES

Called up share capital

100

100

Revaluation reserve

10

202,038

202,038

Retained earnings

238

724

SHAREHOLDERS' FUNDS

202,376

202,862

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 28 July 2026 and were signed on its behalf by:

Mrs C Owen - Director

1.	STATUTORY INFORMATION

Steil Cyf 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.

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Fixed assets are stated at their cost prices, less accumulated depreciation and less amounts recognised in respect of impairment. Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property - 2% Straight line

Improvement property - 2% Straight line

Plant and machinery - 20% Reducing balance

Fixtures and Fittings - 20% Reducing balance

Motor Vehicles - 20% Reducing balance

Computer equipment - 20% Reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 November 2024

and 31 October 2025

132,675

132,753

265,428

DEPRECIATION

At 1 November 2024

24,991

63,492

88,483

Charge for year

2,653

7,012

9,665

At 31 October 2025

27,644

70,504

98,148

NET BOOK VALUE

At 31 October 2025

105,031

62,249

167,280

At 31 October 2024

107,684

69,261

176,945

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 November 2024

and 31 October 2025

410,000

NET BOOK VALUE

At 31 October 2025

410,000

At 31 October 2024

410,000

The investment property includes the following:

The Flat, 73 High Street, Pwllheli, Gwynedd, LL53 5RR which was measured using the fair value basis on 31st October 2025 by the Director and is valued at £130,000.

The Flat, 75 High Street, Pwllheli, Gwynedd LL53 5RR which was measured using the fair value basis on 31st October 2025 by the Director and is valued at £130,000.

15, Bodegroes Terrace, Efailnewydd, Pwllheli, Gwynedd was purchased 26th April 2017. The Property was measured using the fair value basis on 31st October 2025 by the Director and is valued at £150,000.

Fair value at 31 October 2025 is represented by:

£

Valuation in 2023

246,393

Valuation in 2024

10,000

Cost

153,607

410,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.25

31.10.24

£

£

Trade debtors

42,059

184,945

7.	CURRENT ASSET INVESTMENTS

31.10.25

31.10.24

£

£

Other

10,000

10,000

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.25

31.10.24

£

£

Trade creditors

92,800

169,801

Taxation and social security

20,816

24,772

Other creditors

5,286

5,305

118,902

199,878

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.10.25

31.10.24

£

£

Amounts owed to group undertakings

591,773

599,093

10.

RESERVES

Revaluation

reserve

£

At 1 November 2024

and 31 October 2025

202,038

11.	RELATED PARTY DISCLOSURES

A dividend of £56,982 (£46,718 in 2024) has been paid to Steil Holdings Cyf during the year.

There is an amount owing of £591,773 (£599,093 in 2024) to Steil Holdings Cyf at the year end.

12.	ULTIMATE CONTROLLING PARTY

The Ultimate Controlling Party is Steil Holdings Cyf.

Registered office address Adeilad St David's Building, Stryd Lombard Street, Porthmadog, Gwynedd, LL49 9AP, United Kingdom.