Filleted

Registration number: 12676057

Llaethdy Cwm Gwendraeth Dairies Cyf

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Financial Statements	4 to 9

Llaethdy Cwm Gwendraeth Dairies Cyf

Company Information

Director

Mrs Z S F Sauro

Registered office

Penrhiw Farm Cwmisfael Llanddarog Carmarthenshire SA32 8BY

Llaethdy Cwm Gwendraeth Dairies Cyf

(Registration number: 12676057)
Balance Sheet as at 31 December 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	5	667,207	673,405
Current assets
Stocks	6	-	5,200
Debtors	7	1,860	17,595
Cash at bank and in hand		4,386	6,395
		6,246	29,190
Creditors: Amounts falling due within one year	8	(1,085,446)	(412,162)
Net current liabilities		(1,079,200)	(382,972)
Total assets less current liabilities		(411,993)	290,433
Creditors: Amounts falling due after more than one year	8	-	(500,000)
Net liabilities		(411,993)	(209,567)
Capital and reserves
Called up share capital		100	100
Profit and loss account		(412,093)	(209,667)
Total equity		(411,993)	(209,567)

For the financial year ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges her 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.

Llaethdy Cwm Gwendraeth Dairies Cyf

(Registration number: 12676057)
Balance Sheet as at 31 December 2025

Approved and authorised by the director on 30 July 2026
 

......................................... Mrs Z S F Sauro Director

Llaethdy Cwm Gwendraeth Dairies Cyf

Notes to the Financial Statements for the Year Ended 31 December 2025

1	General information

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

The address of its registered office is:
Penrhiw Farm
Cwmisfael
Llanddarog
Carmarthenshire
SA32 8BY

These financial statements were authorised for issue by the director on 30 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 director has concluded that it is not appropriate to prepare the financial statements on a going concern basis. Following the cessation of trading on 31 October 2025 and the directors' intention to realise the company's assets and bring the company to an orderly close, the company has no realistic prospect of continuing in operational existence for the foreseeable future. Accordingly, the financial statements have been prepared on a basis other than going concern.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Llaethdy Cwm Gwendraeth Dairies Cyf

Notes to the Financial Statements for the Year Ended 31 December 2025

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	Reducing balance basis 25%
Office equipment	Reducing balance basis 25%

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.

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.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

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.

Llaethdy Cwm Gwendraeth Dairies Cyf

Notes to the Financial Statements for the Year Ended 31 December 2025

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.

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.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 8 (2024 - 15).

4	Loss before tax

Arrived at after charging/(crediting)

	2025 £	2024 £
Depreciation expense	5,473	4,609

Llaethdy Cwm Gwendraeth Dairies Cyf

Notes to the Financial Statements for the Year Ended 31 December 2025

5	Tangible assets

	Land and buildings £	Plant and machinery £	Office equipment £	Total £
Cost or valuation
At 1 January 2025	650,000	24,366	3,648	678,014
Additions	-	37,563	-	37,563
Disposals	-	(35,197)	(3,648)	(38,845)
At 31 December 2025	650,000	26,732	-	676,732
Depreciation
At 1 January 2025	-	4,052	557	4,609
Charge for the year	-	5,473	-	5,473
Eliminated on disposal	-	-	(557)	(557)
At 31 December 2025	-	9,525	-	9,525
Carrying amount
At 31 December 2025	650,000	17,207	-	667,207
At 31 December 2024	650,000	20,314	3,091	673,405

Included within the net book value of land and buildings above is £650,000 (2024 - £650,000) in respect of freehold land and buildings.
 

6

Stocks

	2025 £	2024 £
Finished goods and goods for resale	-	5,200

7

Debtors

	2025 £	2024 £
Trade debtors	1,204	16,239
Other debtors	656	1,356
	1,860	17,595

Llaethdy Cwm Gwendraeth Dairies Cyf

Notes to the Financial Statements for the Year Ended 31 December 2025

8

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Bank loans and overdrafts	10	500,000	-
Trade creditors		3,031	14,380
Other related parties	11	579,670	376,033
Outstanding defined contribution pension costs		120	-
Other creditors		2,625	21,749
		1,085,446	412,162