Company registration number 03508662 (England and Wales)
Gwenfaen Limited
Annual report and unaudited financial statements
For the year ended 28 February 2026
Gwenfaen Limited
Company information
Directors
Mrs A K Owen
T Owen
Secretary
Mrs A K Owen
Company number
03508662
Registered office
Lodge Bach
Rhoscolyn
Holyhead
Anglesey
United Kingdom
LL65 2SQ
Accountants
DJH Wirral and Chester Limited
Chester House
Lloyd Drive
Cheshire Oaks Business Park
Ellesmere Port
England
CH65 9HQ
Gwenfaen Limited
Contents
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 5
Gwenfaen Limited
Statement Of Financial Position
As at 28 February 2026
- 1 -
2026
2025
Notes
£
£
£
£
Fixed assets
Tangible assets
4
1,058
1,560
Current assets
Debtors
100
18
Cash at bank and in hand
1,327
1,989
1,427
2,007
Creditors: amounts falling due within one year
5
(83,914)
(83,397)
Net current liabilities
(82,487)
(81,390)
Total assets less current liabilities
(81,429)
(79,830)
Provisions for liabilities
(198)
(296)
Net liabilities
(81,627)
(80,126)
Capital and reserves
Called up share capital
1
1
Profit and loss reserves
(81,628)
(80,127)
Total equity
(81,627)
(80,126)
Gwenfaen Limited
Statement Of Financial Position (continued)
As at 28 February 2026
- 2 -

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28th February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28th February 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.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 4 June 2026 and are signed on its behalf by:
Mrs A K Owen
Director
Company registration number 03508662 (England and Wales)
Gwenfaen Limited
Notes to the financial statements
For the year ended 28 February 2026
- 3 -
1
Accounting policies
Company information

Gwenfaen Limited is a private company, limited by shares, registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

1.1
Basis of preparation

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 prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Revenue

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

1.3
Tangible fixed assets

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

Plant and equipment
20% on cost
Motor vehicles
25% on cost
1.4
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

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.

Gwenfaen Limited
Notes to the financial statements (continued)
For the year ended 28 February 2026
1
Accounting policies
(Continued)
- 4 -

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the income statement, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

2
Judgements and key sources of estimation uncertainty

Preparation of the financial statements requires management to make significant judgements and estimates. The areas in the financial statements where these judgements and estimates have been made include:

The useful lives of plant and equipment which are estimated based on the period over which the assets are expected to be available for use. The estimated useful lives are reviewed periodically and are updated if expectations differ from previous estimates due to physical wear and tear, technical or commercial obsolescence and legal or other limits on the use of the relevant assets.

3
Employees
2026
2025
Number
Number
Total
2
2
4
Tangible fixed assets
Plant and equipment
Motor vehicles
Total
£
£
£
Cost
At 1 March 2025
34,627
10,575
45,202
Additions
22
-
0
22
At 28 February 2026
34,649
10,575
45,224
Depreciation and impairment
At 1 March 2025
33,067
10,575
43,642
Depreciation charged in the year
524
-
0
524
At 28 February 2026
33,591
10,575
44,166
Carrying amount
At 28 February 2026
1,058
-
0
1,058
At 28 February 2025
1,560
-
0
1,560
Gwenfaen Limited
Notes to the financial statements (continued)
For the year ended 28 February 2026
- 5 -
5
Creditors: amounts falling due within one year
2026
2025
£
£
Other creditors
83,914
83,397
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