| REGISTERED NUMBER: |
| Annog Cyf |
| Financial Statements |
| for the Year Ended 31 December 2025 |
| REGISTERED NUMBER: |
| Annog Cyf |
| Financial Statements |
| for the Year Ended 31 December 2025 |
| Annog Cyf (Registered number: 03737368) |
| Contents of the Financial Statements |
| for the year ended 31 December 2025 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| Annog Cyf |
| Company Information |
| for the year ended 31 December 2025 |
| DIRECTORS: |
| SECRETARIES: |
| Ms S M Thomas |
| Ms M E Hughes |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| AUDITORS: |
| Statutory Auditors |
| Chartered Accountants |
| Irish Square |
| Upper Denbigh Road |
| St Asaph |
| Denbighshire |
| LL17 0RN |
| Annog Cyf (Registered number: 03737368) |
| Balance Sheet |
| 31 December 2025 |
| 2025 | 2024 |
| Notes | £ | £ |
| CURRENT ASSETS |
| Debtors | 4 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 5 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| RESERVES |
| Income and expenditure account |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| Annog Cyf (Registered number: 03737368) |
| Notes to the Financial Statements |
| for the year ended 31 December 2025 |
| 1. | STATUTORY INFORMATION |
| Annog Cyf is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover comprises net invoiced sales of goods and services by the company, excluding value added tax. |
| Tangible fixed assets |
| Company does not hold any assets at present. |
| 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 |
| Employees of Annof Cyf may participate in the Gwynedd Pension Fund, part of the Local Government Pension Scheme, a defined benefit pension scheme, and the company accounts for this in accordance with FRS102 Section 1a. |
| Scheme assets are measured at fair values. Scheme liabilities are measured on an actuarial basis and are discounted at appropriate high quality corporate bond rates. The net surplus or deficit is presented separately from other net assets on the balance sheet. A net surplus is only recognised to the extent that it is recoverable by the company. |
| Remeasurement of liabilities arising from changes in demographic and financial assumptions are recognised in the Statement of Comprehensive Income. |
| Project income and deferred income |
| Project fees or funding are matched against the related project expenditure on an accrual basis, with any fees or funding received in advance being carried forward as deferred income. Grants received but not yet spent are also deferred until they are spent. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| Annog Cyf (Registered number: 03737368) |
| Notes to the Financial Statements - continued |
| for the year ended 31 December 2025 |
| 4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Trade debtors |
| Amounts owed by group undertakings |
| Other debtors |
| 5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Bank loans and overdrafts (see note 6) |
| Trade creditors |
| Amounts owed to group undertakings |
| Taxation and social security |
| Other creditors |
| 6. | LOANS |
| An analysis of the maturity of loans is given below: |
| 2025 | 2024 |
| £ | £ |
| Amounts falling due within one year or on demand: |
| Bank overdrafts |
| The bank overdrafts are secured by fixed and floating charges over the company and group's assets. See not 10 for further details. |
| 7. | SECURED DEBTS |
| The bank overdrafts are secured by fixed and floating charges over the company's assets. |
| 8. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
| The Report of the Auditors was unqualified. |
| for and on behalf of |
| 9. | RELATED PARTY DISCLOSURES |
| As at 31 December 2025 there was £578,389 (2024: £564,563) owing from Menter Mon Cyf and £710 (2024: £817) from Menter Mon Morlais Limited to Annog Cyf. |
| Annog Cyf (Registered number: 03737368) |
| Notes to the Financial Statements - continued |
| for the year ended 31 December 2025 |
| 10. | DEFINED BENEFIT PENSION SCHEME |
| The company offers membership of a defined benefit pension scheme for the benefit of employees. The scheme's funds are administered by Gwynedd Council and are independent of the Company's finances. Contributions are paid to the scheme in accordance with the recommendations of the scheme administrators. |
| The triennial actuarial valuation of the scheme was carried out at 31 March 2022, then updated at 31 December 2025 by an independent qualified actuary in accordance with FRS102. The valuation includes employees of Annog's related undertaking, Menter Mon Cyf, and for this reason only 13% of the valuation's assets, liabilities, income and costs have been included in these financial statements (the remainder being included in the financial statements of Menter Mon Cyf). |
| The major assumptions used for the valuation were: |
| 2025 | 2024 |
| Pension Increase/Revaluation Rate (CPI) | 2.70% | 2.70% |
| Salary Increase Rate | 3.20% | 3.25% |
| Discount Rate | 5.70% | 5.55% |
| The fair value of the scheme assets and present value of the scheme liabilities at the balance sheet date were: |
| 2025 (£'000 | ) | 2024 (£'000 | ) |
| Fair value of plan assets | 1,464 | 1,358 |
| Present value of funded liabilities | (828 | ) | (841 | ) |
| Net pension asset/(liability) | 636 | 517 |
| The pension scheme surplus of £635,960 (£517,020) is not recognised as an asset in the balance sheet at 31 December 2025. |
| The movement in the Deficit during the year was as follows: |
| 2025 | 2024 |
| (Deficit) at beginning of the year | - | - |
| Charged to operating profit * | 2,600 | 43,540 |
| Remeasurements included in Statement of Comprehensive Income | (2,600 | ) | (43,540 | ) |
| (Deficit) at the end of the year | - | - |
| * includes service costs of £30,160 (2024: £52,360) before net interest and employer contributions. |
| 11. | RELATED UNDERTAKINGS |
| The Directors of Annog Cyf are also the Board of Directors of Menter Mon Cyf of Neuadd y Dref, Bulkeley Square, Llangefni, a non-trading company limited by guarantee which Annog Cyf contributes towards its financial performance and sustainability. As such it is considered that Menter Mon Cyf has a dominant influence over Annog Cyf, which is therefore considered a subsidiary of Menter Mon Cyf. There are also other subsidiary companies owned by Menter Mon Cyf, Menter Mon Morlais Holdings Limited and Menter Mon Morlais Limited. |
| 12. | LIMITED BY GUARANTEE |
| The company is a private company limited by guarantee without share capital. |