REGISTERED NUMBER: 02920100 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 October 2025

for

Clwb Chwareuon Madog Cyf.

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

7

DIRECTORS:

Mr R G Lewis

Mr L Rhys (Ab Owain)

SECRETARY:

Mr R G Lewis

REGISTERED OFFICE:

Y Traeth

Porthmadog

Gwynedd

LL49 9PP

REGISTERED NUMBER:

02920100 (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

233,899

255,154

CURRENT ASSETS

Stocks

425

850

Debtors

5

601

1,015

Cash at bank and in hand

619

918

1,645

2,783

CREDITORS

Amounts falling due within one year

6

13,281

12,957

NET CURRENT LIABILITIES

(11,636

)

(10,174

)

TOTAL ASSETS LESS CURRENT LIABILITIES

222,263

244,980

CREDITORS

Amounts falling due after more than one year

7

(130,838

)

(141,691

)

PROVISIONS FOR LIABILITIES

(150

)

(188

)

NET ASSETS

91,275

103,101

RESERVES

Retained earnings

91,275

103,101

91,275

103,101

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 13 August 2026 and were signed on its behalf by:

Mr R G Lewis - Director

1.	STATUTORY INFORMATION

Clwb Chwareuon Madog Cyf. 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 director has considered the basis for the preparation of the financial statements and consider the going concern basis to be the most suitable. Therefore the figures have been prepared on the assumption that the company is able to carry on its business as a going concern for the foreseeable future.

Turnover

Income represents net invoices sales of goods and services, excluding value added tax.

Donations represents amounts freely given by patrons as well as others and recorded when they are received.

Tangible fixed assets

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

Land and buildings

-

4.25% on cost and 4% on cost

Plant and machinery etc

-

20% on reducing balance

Tangible fixed asset additions are capitalised if they cost more than £500 and can be used for more than one year. They are valued at cost or, if gifted, at their value on receipt.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Government funding

The company is in receipt of income from the Welsh Assembly Government after it lost a section of its leased land to the construction of the Porthmadog bypass.

These moneys were for the loss of income as well as the permanent loss of some of its amenities and the company was recompensed on the basis that it invested the capital element of the funds into re-designing and improving the remaining facilities.

Due to the conditions placed upon the receipt of the funds, the capital element is therefore deferred, included under liabilities on the balance sheet and released into the profit and loss over the expected useful life of the assets to which it relate, with this being in line with current UK GAAP.

The release of the capital moneys is provided for at the same rate as the depreciation of the improvements to the facilities, namely 4% on cost per annum.

The revenue element of the funding is split between the loss of earnings element which will be automatically released into the profit & loss and other the revenue expenditure element, which is matched against the related expenditure. Any unmatched funding is deferred until the related expenditure is incurred.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 November 2024

and 31 October 2025

590,122

30,331

620,453

DEPRECIATION

At 1 November 2024

335,957

29,342

365,299

Charge for year

21,056

199

21,255

At 31 October 2025

357,013

29,541

386,554

NET BOOK VALUE

At 31 October 2025

233,109

790

233,899

At 31 October 2024

254,165

989

255,154

The land and buildings balance relates to the clubhouse, playing fields, carpark and the other related non-plant assets which were built and improved upon by the company.

The freehold land upon which the club stands is owned by Cyngor Gwynedd and is known as 'Land at Traeth, Porthmadog' It is leased to the company via a lease agreement between the Council and the company directors, who are shown as holding the title on trust for the company, under title number WA763721 and this records the details of the 50 year lease from 6 October 1986.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.25

31.10.24

£

£

Other debtors

601

1,015

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.25

31.10.24

£

£

Bank loans and overdrafts

616

1,035

Trade creditors

1,234

490

Other creditors

11,431

11,432

13,281

12,957

The above mentioned 'other creditors' total due in less than one year includes a figure of £10,237, which relates to the amortisation due for release in the next period on the National Assembly of Wales deferred funding (2024: £10,237).

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.10.25

31.10.24

£

£

Bank loans

-

616

Other creditors

130,838

141,075

130,838

141,691

The above mentioned 'other creditors' total due in more than one year is comprised of:

An interest free loan of £28,424 from the Porthmadog Rugby Club, which was received in 1994 and is reviewable every 10 years. There were no changes made to the loan during the year to the end of October 2025.

The deferred element of the National Assembly of Wales funding relating to periods of more than one year, which amounted to £102,414 at 31 October 2025 (2024: £112,651).

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Clwb Chwareuon Madog Cyf. for the year ended 31 October 2025 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Clwb Chwareuon Madog Cyf., as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Clwb Chwareuon Madog Cyf. and state those matters that we have agreed to state to the Board of Directors of Clwb Chwareuon Madog Cyf., as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Clwb Chwareuon Madog Cyf. and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Clwb Chwareuon Madog Cyf. has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Clwb Chwareuon Madog Cyf.. You consider that Clwb Chwareuon Madog Cyf. is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Clwb Chwareuon Madog Cyf.. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Dunn & Ellis Cyf

Chartered Accountants

Adeilad St David's Building

Stryd Lombard Street

Porthmadog

Gwynedd

LL49 9AP

Date: .............................................