REGISTERED NUMBER: 05100365 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2025

for

Siop-Y-Madryn Cyf

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

7

DIRECTORS:

Mr E Roberts

Mrs C F Roberts

SECRETARY:

Mr E Roberts

REGISTERED OFFICE:

Adeilad St David's Building

Stryd Lombard Street

Porthmadog

Gwynedd

LL49 9AP

REGISTERED NUMBER:

05100365 (England and Wales)

ACCOUNTANTS:

Dunn & Ellis Cyf

Chartered Accountants

Adeilad St David's Building

Stryd Lombard Street

Porthmadog

Gwynedd

LL49 9AP

FIXED ASSETS

Intangible assets

4

186,000

247,000

Tangible assets

5

1,104,584

1,666,116

1,290,584

1,913,116

CURRENT ASSETS

Stocks

535,213

466,600

Debtors

6

115,895

109,024

Cash at bank and in hand

616,579

532,598

1,267,687

1,108,222

CREDITORS

Amounts falling due within one year

7

409,913

460,878

NET CURRENT ASSETS

857,774

647,344

TOTAL ASSETS LESS CURRENT LIABILITIES

2,148,358

2,560,460

CREDITORS

Amounts falling due after more than one year

8

(421,559

)

(977,156

)

PROVISIONS FOR LIABILITIES

(77,494

)

(72,469

)

NET ASSETS

1,649,305

1,510,835

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

1,649,205

1,510,735

SHAREHOLDERS' FUNDS

1,649,305

1,510,835

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 8 September 2026 and were signed on its behalf by:

Mr E Roberts - Director

1.	STATUTORY INFORMATION

Siop-Y-Madryn Cyf 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.

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.

Turnover

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

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

Fixed assets are stated at their cost prices, less accumulated depreciation and less amounts recognised in respect of impairment.

Plant & machinery - 20% reducing balance

No depreciation has been provided on the capitalised purchase cost of the building, or on the associated improvements. This is because the assets are deemed to be well maintained and any depreciation thereon would not reflect the fair value of the assets.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 67 (2024 - 67 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2025

and 31 December 2025

609,999

AMORTISATION

At 1 January 2025

362,999

Charge for year

61,000

At 31 December 2025

423,999

NET BOOK VALUE

At 31 December 2025

186,000

At 31 December 2024

247,000

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 January 2025

1,129,240

1,738,626

2,867,866

Additions

-

63,367

63,367

Disposals

(520,631

)

-

(520,631

)

At 31 December 2025

608,609

1,801,993

2,410,602

DEPRECIATION

At 1 January 2025

-

1,201,750

1,201,750

Charge for year

-

104,268

104,268

At 31 December 2025

-

1,306,018

1,306,018

NET BOOK VALUE

At 31 December 2025

608,609

495,975

1,104,584

At 31 December 2024

1,129,240

536,876

1,666,116

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade debtors

23,307

16,524

Amounts owed by associates

88

-

Other debtors

92,500

92,500

115,895

109,024

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Bank loans and overdrafts

29,204

38,537

Trade creditors

233,662

165,535

Amounts owed to associates

15

-

Taxation and social security

140,263

213,080

Other creditors

6,769

43,726

409,913

460,878

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.25

31.12.24

£

£

Bank loans

304,312

823,909

Other creditors

117,247

153,247

421,559

977,156

9.	SECURED DEBTS

The following mortgage charges have been registered on the company's record at Companies House:

Charge - National Westminster Bank PLC

Dated: 13 June 2018

Brief description:

Contains fixed charge;

Contains floating charge;

Floating charge covers all the property or undertaking of the company.

10.	ULTIMATE CONTROLLING PARTY

From 23 September 2024, the company is a wholly owned subsidiary of SYM 2 Limited, a company registered at Companies House under the reference 15841557

The ultimate controlling parties are, by virtue of their control over SYM 2 Limited, the directors of the said parent company.

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 Siop-Y-Madryn Cyf for the year ended 31 December 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 Siop-Y-Madryn 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 Siop-Y-Madryn Cyf and state those matters that we have agreed to state to the Board of Directors of Siop-Y-Madryn 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 Siop-Y-Madryn Cyf and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Siop-Y-Madryn 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 profit of Siop-Y-Madryn Cyf. You consider that Siop-Y-Madryn 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 Siop-Y-Madryn 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

15 September 2026