REGISTERED NUMBER: 08212906 (England and Wales)

Y Prentis

Unaudited Financial Statements

for the Period 1st October 2024 to 31st March 2026

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Directors:

Mr L A Griffiths

Ms H J Jones

Ms B R Mcpherson

Registered office:

Ty'r Efail

Lower Mill Field

PONTYPOOL

Torfaen

NP4 0XJ

Registered number:

08212906 (England and Wales)

Accountants:

Menzies LLP, Statutory Auditors

5th Floor Hodge House

114-116 St Mary Street

Cardiff

CF10 1DY

Fixed assets

Tangible assets

4

-

583

Current assets

Stocks

-

1,359

Debtors

5

729

263,344

Cash at bank

26,954

54,574

27,683

319,277

Creditors

Amounts falling due within one year

6

(3,557

)

(95,887

)

Net current assets

24,126

223,390

Total assets less current liabilities

24,126

223,973

Reserves

Other reserves

-

90,525

Income and expenditure account

24,126

133,448

24,126

223,973

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31st March 2026.

The members have not required the company to obtain an audit of its financial statements for the period ended 31st March 2026 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 surplus or deficit 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 28th July 2026 and were signed on its behalf by:

Ms H J Jones - Director

1.	Statutory information

Y Prentis is a private company, limited by guarantee , 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.

The financial statements are not prepared on a going concern basis. Due to the Directors intention to cease trading and liquidate the company, the financial statements have been prepared on a break up basis.

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of recharged apprentice costs, associated grants and funding and membership fees.

Tangible fixed assets

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

Computer equipment

-

25% on cost

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 period comprises of current tax only. 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 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.

Reserves

The Company has adopted a policy of establishing a separate other reserve to take account of amounts that have been designated for specific purposes.

These amounts will be reviewed each year by the Directors but in general will consist of covering the following areas of expenditure:

Redundancy costs staff

Redundancy costs apprentices

Expenditure cover for Contingencies

Continuing fixed costs

Welsh Government & CITB

Bad Debts

Pensions auto enrolment

Government grants

Government grants represents income receivable in relation to the UK government COVID-19 job retention scheme.

3.	Employees and directors

The average number of employees during the period was NIL (2024 - 65 ).

4.	Tangible fixed assets

Computer

equipment

£

Cost

At 1st October 2024

1,450

Disposals

(1,450

)

At 31st March 2026

-

Depreciation

At 1st October 2024

867

Eliminated on disposal

(867

)

At 31st March 2026

-

Net book value

At 31st March 2026

-

At 30th September 2024

583

5.

Debtors: amounts falling due within one year

2026

2024

£

£

Trade debtors

-

233,893

Tax

-

857

VAT

729

-

Prepayments and accrued income

-

28,594

729

263,344

6.

Creditors: amounts falling due within one year

2026

2024

£

£

Social security and other taxes

-

14,401

VAT

-

38,451

Other creditors

3,557

42,305

Accruals and deferred income

-

730

3,557

95,887

7.	Related party disclosures

Melin Homes Limited

During the year, Tai Hedyn Limited ( Previously Melin Homes Limited) provided support and management services for which they recharged the company £19,500 (2024: £37,285). no amounts were due at the balance sheet date.

8.	Company status

The company is a private company limited by guarantee and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £5 towards the assets of the company in the event of liquidation.