Rhydsais Cyf 10533172 false 2025-01-01 2025-12-31 2025-12-31 The principal activity of the company is Dairy farming Digita Accounts Production Advanced 6.30.9574.0 true true 10533172 2025-01-01 2025-12-31 10533172 2025-12-31 10533172 bus:OrdinaryShareClass1 2025-12-31 10533172 bus:OrdinaryShareClass2 2025-12-31 10533172 bus:OrdinaryShareClass3 2025-12-31 10533172 bus:OrdinaryShareClass4 2025-12-31 10533172 core:OtherReservesSubtotal 2025-12-31 10533172 core:RetainedEarningsAccumulatedLosses 2025-12-31 10533172 core:ShareCapital 2025-12-31 10533172 core:CurrentFinancialInstruments 2025-12-31 10533172 core:CurrentFinancialInstruments core:WithinOneYear 2025-12-31 10533172 core:Non-currentFinancialInstruments 2025-12-31 10533172 core:Non-currentFinancialInstruments core:AfterOneYear 2025-12-31 10533172 core:Goodwill 2025-12-31 10533172 core:ConstructionInProgressAssetsUnderConstruction 2025-12-31 10533172 core:FurnitureFittings 2025-12-31 10533172 core:LandBuildings core:OwnedOrFreeholdAssets 2025-12-31 10533172 core:MotorVehicles 2025-12-31 10533172 core:OfficeEquipment 2025-12-31 10533172 core:OtherPropertyPlantEquipment 2025-12-31 10533172 core:PlantMachinery 2025-12-31 10533172 bus:SmallEntities 2025-01-01 2025-12-31 10533172 bus:AuditExemptWithAccountantsReport 2025-01-01 2025-12-31 10533172 bus:FullAccounts 2025-01-01 2025-12-31 10533172 bus:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 10533172 bus:RegisteredOffice 2025-01-01 2025-12-31 10533172 bus:Director1 2025-01-01 2025-12-31 10533172 bus:Director2 2025-01-01 2025-12-31 10533172 bus:Director3 2025-01-01 2025-12-31 10533172 bus:Director4 2025-01-01 2025-12-31 10533172 bus:OrdinaryShareClass1 2025-01-01 2025-12-31 10533172 bus:OrdinaryShareClass2 2025-01-01 2025-12-31 10533172 bus:OrdinaryShareClass3 2025-01-01 2025-12-31 10533172 bus:OrdinaryShareClass4 2025-01-01 2025-12-31 10533172 bus:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 10533172 core:Goodwill 2025-01-01 2025-12-31 10533172 core:IntangibleAssetsOtherThanGoodwill 2025-01-01 2025-12-31 10533172 core:ConstructionInProgressAssetsUnderConstruction 2025-01-01 2025-12-31 10533172 core:FurnitureFittings 2025-01-01 2025-12-31 10533172 core:FurnitureFittingsToolsEquipment 2025-01-01 2025-12-31 10533172 core:LandBuildings core:OwnedOrFreeholdAssets 2025-01-01 2025-12-31 10533172 core:MotorVehicles 2025-01-01 2025-12-31 10533172 core:OfficeEquipment 2025-01-01 2025-12-31 10533172 core:OtherPropertyPlantEquipment 2025-01-01 2025-12-31 10533172 core:PlantMachinery 2025-01-01 2025-12-31 10533172 countries:EnglandWales 2025-01-01 2025-12-31 10533172 2024-12-31 10533172 core:Goodwill 2024-12-31 10533172 core:ConstructionInProgressAssetsUnderConstruction 2024-12-31 10533172 core:FurnitureFittings 2024-12-31 10533172 core:LandBuildings core:OwnedOrFreeholdAssets 2024-12-31 10533172 core:MotorVehicles 2024-12-31 10533172 core:OfficeEquipment 2024-12-31 10533172 core:OtherPropertyPlantEquipment 2024-12-31 10533172 core:PlantMachinery 2024-12-31 10533172 2024-01-01 2024-12-31 10533172 2024-12-31 10533172 bus:OrdinaryShareClass1 2024-12-31 10533172 bus:OrdinaryShareClass2 2024-12-31 10533172 bus:OrdinaryShareClass3 2024-12-31 10533172 bus:OrdinaryShareClass4 2024-12-31 10533172 core:OtherReservesSubtotal 2024-12-31 10533172 core:RetainedEarningsAccumulatedLosses 2024-12-31 10533172 core:ShareCapital 2024-12-31 10533172 core:CurrentFinancialInstruments 2024-12-31 10533172 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 10533172 core:Non-currentFinancialInstruments 2024-12-31 10533172 core:Non-currentFinancialInstruments core:AfterOneYear 2024-12-31 10533172 core:Goodwill 2024-12-31 10533172 core:ConstructionInProgressAssetsUnderConstruction 2024-12-31 10533172 core:FurnitureFittings 2024-12-31 10533172 core:LandBuildings core:OwnedOrFreeholdAssets 2024-12-31 10533172 core:MotorVehicles 2024-12-31 10533172 core:OfficeEquipment 2024-12-31 10533172 core:OtherPropertyPlantEquipment 2024-12-31 10533172 core:PlantMachinery 2024-12-31 iso4217:GBP xbrli:pure xbrli:shares

Filleted

Registration number: 10533172

Rhydsais Cyf
Annual Report and Unaudited Financial Statements
for the Year Ended 31 December 2025

Rhydsais Cyf

Contents

Company Information | 1
Balance Sheet | 2 to 3
Notes to the Financial Statements | 4 to 10

Rhydsais Cyf

Company Information

Directors | Mr John Aled Edward Evans Mrs Glenys Angharad Evans Mrs Margaret Mary Ceinwen Evans Mr Ifan Llyr Evans

Registered office | Llys Deri Parc Pensarn Carmarthen SA31 2NF

Rhydsais Cyf

(Registration number: 10533172)
Balance Sheet as at 31 December 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Intangible assets | 5 | 1,238 | 1,238
Tangible assets | 6 | 3,300,127 | 1,952,394
|  | 3,301,365 | 1,953,632
Current assets |  |  |
Stocks | 7 | 408,505 | 298,975
Debtors | 8 | 244,367 | 246,626
Cash at bank and in hand |  | 72,105 | 446,253
|  | 724,977 | 991,854
Creditors: Amounts falling due within one year | 9 | (1,075,301) | (1,028,947)
Net current liabilities |  | (350,324) | (37,093)
Total assets less current liabilities |  | 2,951,041 | 1,916,539
Creditors: Amounts falling due after more than one year | 9 | (282,600) | (7,499)
Net assets |  | 2,668,441 | 1,909,040
Capital and reserves |  |  |
Called up share capital |  | 300 | 300
Other reserves |  | 2,475,554 | -
Profit and loss account |  | 192,587 | 1,908,740
Total equity |  | 2,668,441 | 1,909,040

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.

Directors' 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 directors acknowledge their 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.

Rhydsais Cyf

(Registration number: 10533172)
Balance Sheet as at 31 December 2025

Approved and authorised by the Board on 29 June 2026 and signed on its behalf by:

......................................... Mr John Aled Edward Evans Director ......................................... Mr Ifan Llyr Evans Director | ......................................... Mrs Glenys Angharad Evans Director | ......................................... Mrs Margaret Mary Ceinwen Evans Director

Rhydsais 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:
Llys Deri
Parc Pensarn
Carmarthen
SA31 2NF

The principal place of business is:
Rhydsais
Talgarreg
Llandysul
SA44 4HH

These financial statements were authorised for issue by the Board on 29 June 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 financial statements have been prepared on a going concern basis.

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.

Tax

The tax expense for the period comprises tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Rhydsais Cyf

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

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

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
Windturbine | Straight line over 20 years
Motor vehicles | 20% reducing balance
Plant and machinery | 10% reducing balance
Fixtures and fittings | 10% reducing balance

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class | Amortisation method and rate
SFP Entitlements | None

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.

Rhydsais Cyf

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

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.

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.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.
Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.
Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

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.

Rhydsais Cyf

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

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 5 (2024 - 5).

4 | Profit before tax

Arrived at after charging/(crediting)

| 2025 £ | 2024 £
Depreciation expense | 87,482 | 78,647

5 | Intangible assets

| SFP Entitlements £ | Total £
Cost or valuation
At 1 January 2025 | 1,238 | 1,238
At 31 December 2025 | 1,238 | 1,238
Amortisation
Carrying amount
At 31 December 2025 | 1,238 | 1,238
At 31 December 2024 | 1,238 | 1,238

Revalued assets for the year ended 31 December 2024

Rhydsais Cyf

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

6 | Tangible assets

| Land and buildings £ | Agricultural buildings £ | Fixtures and fittings £ | Plant and machinery £ | Office equipment £ | Motor vehicles £ | Dairy Herd £ | Total £
Cost or valuation
At 1 January 2025 | 321,905 | 149,370 | 101,135 | 826,389 | 285,048 | 40,941 | 786,800 | 2,511,588
Additions | 228,048 | 753,829 | 18,079 | 438,254 | - | 40,495 | - | 1,478,705
Disposals | - | - | - | (25,000) | - | (30,163) | (20,000) | (75,163)
At 31 December 2025 | 549,953 | 903,199 | 119,214 | 1,239,643 | 285,048 | 51,273 | 766,800 | 3,915,130
Depreciation
At 1 January 2025 | - | - | 46,749 | 350,702 | 134,141 | 27,602 | - | 559,194
Charge for the year | - | - | 5,862 | 57,742 | 16,768 | 7,111 | - | 87,483
Eliminated on disposal | - | - | - | (13,043) | - | (18,631) | - | (31,674)
At 31 December 2025 | - | - | 52,611 | 395,401 | 150,909 | 16,082 | - | 615,003
Carrying amount
At 31 December 2025 | 549,953 | 903,199 | 66,603 | 844,242 | 134,139 | 35,191 | 766,800 | 3,300,127
At 31 December 2024 | 321,905 | 149,370 | 54,386 | 475,687 | 150,907 | 13,339 | 786,800 | 1,952,394

Included within the net book value of land and buildings above is £549,953 (2024 - £321,905) in respect of freehold land and buildings.

Rhydsais Cyf

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

7 | Stocks

| 2025 £ | 2024 £
Closing livestock | 324,125 | 246,925
Closing deadstock | 84,380 | 52,050
| 408,505 | 298,975

8 | Debtors

| 2025 £ | 2024 £
Trade debtors | 138,829 | 149,852
Prepayments | 14,753 | 54,939
Other debtors | 90,785 | 41,835
| 244,367 | 246,626

9 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Bank loans and overdrafts | 11 | 19,500 | 16,069
Trade creditors |  | 305,766 | 64,022
Taxation and social security |  | - | 138,485
Directors' loan accounts | 12 | 664,292 | 764,436
Other creditors |  | 85,743 | 45,935
|  | 1,075,301 | 1,028,947

Creditors: amounts falling due after more than one year

| Note | 2025 £ | 2024 £
Due after one year |  |  |
Loans and borrowings | 11 | 282,600 | 7,499

10 | Share capital

Allotted, called up and fully paid shares

Rhydsais Cyf

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

| 2025 | 2024
| No. | £ | No. | £
Ordinary A Shares of £1 each | 15 | 15 | 15 | 15
Ordinary B Shares of £1 each | 125 | 125 | 125 | 125
Ordinary C Shares of £1 each | 125 | 125 | 125 | 125
Ordinary D Shares of £1 each | 35 | 35 | 35 | 35
| 300 | 300 | 300 | 300

11 | Loans and borrowings

| 2025 £ | 2024 £
Non-current loans and borrowings
Bank borrowings | 282,600 | 7,499

| 2025 £ | 2024 £
Current loans and borrowings
Bank borrowings | 19,500 | 10,000
HP and finance lease liabilities | - | 6,069
| 19,500 | 16,069

12 | Related party transactions

As at the balance sheet date, the directors were owed the following amounts from the company. The loans are interest free and repayable on demand.
Mrs GA Evans £ 218,393 (2024 : £243,429)
Mr JAE Evans £ 218,393 (2024 : £243,429)
Mrs MMC Evans £ 218,393 (2024 : £ 243,429)
Mr Ifan Llyr Evans £ 9,112 (2024 : £ 34,148)