Registration number: 13925099

Capel Dewi Isaf Farm Limited

(Registration number: 13925099)
Balance Sheet as at 28 February 2026

	Note	2026 £	2025 £
Fixed assets
Intangible assets	3	3,600	3,600
Tangible assets	4	2,250,046	1,883,130
		2,253,646	1,886,730
Current assets
Debtors	5	-	100
Creditors: Amounts falling due within one year	7	(13,384)	(2,974)
Net current liabilities		(13,384)	(2,874)
Total assets less current liabilities		2,240,262	1,883,856
Creditors: Amounts falling due after more than one year	7	(2,243,811)	(1,886,730)
Net liabilities		(3,549)	(2,874)
Capital and reserves
Called up share capital		100	100
Retained earnings		(3,649)	(2,974)
Shareholders' deficit		(3,549)	(2,874)

For the financial year ending 28 February 2026 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Director's 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 director acknowledges her 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 5 October 2026
 

......................................... Mrs Z S F Sauro Director

Capel Dewi Isaf Farm Limited

Notes to the Unaudited Financial Statements for the year ended 28 February 2026

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:
Unit 6, Block A, Llys y Barcud
Clos Gelliwerdd
Cross Hands
Llanelli
SA14 6RX

These financial statements were authorised for issue by the director on 5 October 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, with management having given due consideration to the company’s ability to continue as a going concern for at least the next twelve months.

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:

Depreciation method and rate for Tangible assets
Asset class	Depreciation method and rate
Freehold property	No depreciation

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:

Capel Dewi Isaf Farm Limited

Notes to the Unaudited Financial Statements for the year ended 28 February 2026

Asset class	Amortisation method and rate
Entitlements	No amortisation

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.

Trade 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.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors 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.

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.

Capel Dewi Isaf Farm Limited

Notes to the Unaudited Financial Statements for the year ended 28 February 2026

3	Intangible assets

	Entitlements  £	Total £
Cost or valuation
At 1 March 2025	3,600	3,600
At 28 February 2026	3,600	3,600
Amortisation
Carrying amount
At 28 February 2026	3,600	3,600
At 28 February 2025	3,600	3,600

4	Tangible assets

	Land and buildings £	Total £
Cost or valuation
At 1 March 2025	1,883,130	1,883,130
Additions	366,916	366,916
At 28 February 2026	2,250,046	2,250,046
Depreciation
Carrying amount
At 28 February 2026	2,250,046	2,250,046
At 28 February 2025	1,883,130	1,883,130

Included within the net book value of land and buildings above is £2,250,046 (2025 - £1,883,130) in respect of freehold land and buildings.
 

5

Debtors

Current	2026 £	2025 £
Other debtors	-	100
	-	100

Capel Dewi Isaf Farm Limited

Notes to the Unaudited Financial Statements for the year ended 28 February 2026

6	Cash and cash equivalents

2026 £

2025 £

7

Creditors

	Note	2026 £	2025 £
Due within one year
Amounts due to related parties	10	12,709	2,974
Accruals		675	-
		13,384	2,974
Due after one year
Loans and borrowings	9	2,243,811	1,886,730

8	Share capital

Allotted, called up and not fully paid shares

	2026		2025
	No.	£	No.	£
Ordinary of £1 each	100	100	100	100

9	Loans and borrowings

Non-current loans and borrowings

	2026 £	2025 £
Other borrowings	2,243,811	1,886,730

10	Related party transactions

Other transactions with the director

At the balance sheet date, the director was owed £1,706 (2025: £2,974) from the company. This is an interest free loan, repayable on demand.

Summary of transactions with other related parties

Penrhiw Farms Ltd Penrhiw Farms Ltd and the company are related parties by virtue of common directorships. At the balance sheet date, the company owed Penrhiw Farms Ltd £11,441 (2025: £NIL). This is an interest free loan, repayable on demand.