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Registration number: 16105063

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Annual Report and Unaudited Financial Statements
for the Period from 27 November 2024 to 30 November 2025

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Contents

Company Information | 1
Balance Sheet | 2
Notes to the Financial Statements | 3 to 6

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Company Information

Directors | Mr R J Thomas Mr H I G Thomas Mr P E Rees

Registered office | Pant y Ddaufryn Penybanc Llandeilo SA19 7TB

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(Registration number: 16105063)
Balance Sheet as at 30 November 2025

| Note | 2025 £
Fixed assets |  |
Tangible assets | 5 | 390,183
Investments | 6 | 100
|  | 390,283
Creditors: Amounts falling due within one year | 7 | (11,537)
Net assets |  | 378,746
Capital and reserves |  |
Called up share capital |  | 100
Profit and loss account |  | 378,646
Total equity |  | 378,746

For the financial period ending 30 November 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 period 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.

Approved and authorised by the Board on 25 August 2026 and signed on its behalf by:

......................................... Mr R J Thomas Director |  |

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Notes to the Financial Statements for the Period from 27 November 2024 to 30 November 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:
Pant y Ddaufryn
Penybanc
Llandeilo
SA19 7TB

These financial statements were authorised for issue by the Board on 25 August 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 current 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.

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.

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Notes to the Financial Statements for the Period from 27 November 2024 to 30 November 2025

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
Plant and machinery | 20% straight line

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

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.

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.

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.

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Notes to the Financial Statements for the Period from 27 November 2024 to 30 November 2025

3 | Staff numbers

The average number of persons employed by the company (including directors) during the period, was 3.

4 | Profit before tax

Arrived at after charging/(crediting)

| 2025 £
Depreciation expense | 114,265

5 | Tangible assets

| Plant and machinery £ | Total £
Cost or valuation
Additions | 504,447 | 504,447
At 30 November 2025 | 504,447 | 504,447
Depreciation
Charge for the period | 114,264 | 114,264
At 30 November 2025 | 114,264 | 114,264
Carrying amount
At 30 November 2025 | 390,183 | 390,183

6 | Investments

| 2025 £
Investments in subsidiaries | 100

Subsidiaries | £
Cost or valuation
Additions | 100
Provision
Carrying amount
At 30 November 2025 | 100

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Notes to the Financial Statements for the Period from 27 November 2024 to 30 November 2025

7 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £
Due within one year |  |
Taxation and social security |  | 10,536
Other creditors |  | 1,001
|  | 11,537

8 | Share capital

Allotted, called up and fully paid shares

| 2025
| No. | £
Ordinary shares of £1 each | 200 | 200

9 | Related party transactions

Summary of transactions with subsidiaries

The company has taken advantage of the exemption within FRS 102 Section 33.1A from the requirement to disclose transactions with other wholly owned members of the group.