Filleted
Registration number: 10658974

Rhiwonnen Livestock Centre Ltd

Contents

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

Rhiwonnen Livestock Centre Ltd

Company Information

Directors

Mr D C Jones Mrs A L Crane-Jones

Registered office

Llys Deri Parc Pensarn Carmarthen SA31 2NF

Rhiwonnen Livestock Centre Ltd

(Registration number: 10658974)
Balance Sheet as at 31 March 2026

	Note	2026 £	2025 £
Fixed assets
Tangible assets	4	1,872	2,080
Current assets
Debtors	5	2,707	2,565
Cash at bank and in hand		437	422
		3,144	2,987
Creditors: Amounts falling due within one year	6	(11,679)	(10,360)
Net current liabilities		(8,535)	(7,373)
Total assets less current liabilities		(6,663)	(5,293)
Creditors: Amounts falling due after more than one year	6	(36,961)	(36,081)
Net liabilities		(43,624)	(41,374)
Capital and reserves
Called up share capital	7	200	200
Retained earnings		(43,824)	(41,574)
Shareholders' deficit		(43,624)	(41,374)

For the financial year ending 31 March 2026 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 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 directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 27 August 2026 and signed on its behalf by:
 

......................................... Mr D C Jones Director

......................................... Mrs A L Crane-Jones Director

Rhiwonnen Livestock Centre Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 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:
Llys Deri
Parc Pensarn
Carmarthen
SA31 2NF

These financial statements were authorised for issue by the Board on 27 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 despite the fact that the liabilities exceed assets. The directors have given an understanding to support the company financially and to meet its debts as they fall due.

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	10% reducing balance

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.

Rhiwonnen Livestock Centre Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

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. 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.

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.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2025 - 2).

Rhiwonnen Livestock Centre Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

4	Tangible assets

	Plant and machinery £	Total £
Cost or valuation
At 1 April 2025	3,723	3,723
At 31 March 2026	3,723	3,723
Depreciation
At 1 April 2025	1,643	1,643
Charge for the year	208	208
At 31 March 2026	1,851	1,851
Carrying amount
At 31 March 2026	1,872	1,872
At 31 March 2025	2,080	2,080

5

Debtors

Current	2026 £	2025 £
Trade debtors	2,550	2,550
Other debtors	157	15
	2,707	2,565

6

Creditors

Creditors: amounts falling due within one year

	Note	2026 £	2025 £
Due within one year
Bank loans and overdrafts	8	8,398	7,092
Trade creditors		136	466
Directors' loan accounts	9	2,330	2,018
Other creditors		815	784
		11,679	10,360

Creditors: amounts falling due after more than one year

	Note	2026 £	2025 £
Due after one year
Loans and borrowings	8	36,961	36,081

Rhiwonnen Livestock Centre Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

7	Share capital

Allotted, called up and fully paid shares

	2026		2025
	No.	£	No.	£
Ordinary A of £1 each	100	100	100	100
Ordinary B of £1 each	100	100	100	100
	200	200	200	200

8	Loans and borrowings

Non-current loans and borrowings

	2026 £	2025 £
Bank borrowings	36,961	36,081

Current loans and borrowings

	2026 £	2025 £
Other borrowings	8,398	7,092

9	Related party transactions

Other transactions with directors

At the balance sheet date, the directors were owed £2,330 (2025: £2,018) from the company. This is an interest free loan, repayable on demand.