Gwernos Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: 12877624

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		200,000		200,000

			200,000		200,000
CURRENT ASSETS
Debtors	5	1,457		1,315
Cash at bank and in hand		32		-

		1,489		1,315
Creditors: Amounts Falling Due Within One Year	6	(191,377 )		(190,452 )

NET CURRENT ASSETS (LIABILITIES)			(189,888 )		(189,137 )

TOTAL ASSETS LESS CURRENT LIABILITIES			10,112		10,863

NET ASSETS			10,112		10,863

CAPITAL AND RESERVES
Called up share capital	7		100		100
Revaluation reserve	8		69,122		69,122
Profit and Loss Account			(59,110 )		(58,359 )

SHAREHOLDERS' FUNDS			10,112		10,863

Page 1

Page 2

Gwernos Limited

Balance Sheet (continued)

As At 30 November 2025

For the year ending 30 November 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Gethin Edwards

Director

29/07/2026

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Gwernos Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12877624 . The registered office is Unit B Off Edge, Station Approach, Penarth, CF64 3EE.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

2.3. Charges

One Stop Business Finance Spv Limited holds a fixed and floating charge and a negative pledge dated 29 October 2024 over Gwernos Limited on all monies, obligations and liabilities which may be due to One Stop Business Finance Spv Limited now and in the future. (charge code 128776240004)

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2024: 2)

4. Tangible Assets

	Land & Buildings
	£
Cost
As at 1 December 2024	200,000

As at 30 November 2025	200,000

Net Book Value
As at 30 November 2025	200,000

As at 1 December 2024	200,000

5. Debtors

	2025	2024
	£	£
Due within one year
Amounts owed by group undertakings	1,355	-
Other debtors	102	1,315

	1,457	1,315

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Gwernos Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 November 2025

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	4,321	4,320
Bank loans and overdrafts	(23,958 )	-
Amounts owed to group undertakings	211,014	186,132

	191,377	190,452

7. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

8. Reserves

	Revaluation reserve	Profit and Loss Account
	£	£
As at 1 December 2024	69,122	(58,359 )
Loss for the year and total comprehensive income	-	(751 )

As at 30 November 2025	69,122	(59,110 )

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