REGISTERED NUMBER: 01000094 (England and Wales)

SUNDORNE PRODUCTS (Y MAES) LIMITED

Financial Statements for the Year Ended 31 January 2026

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

C C Davies

SECRETARY:

Mrs D L Davies

REGISTERED OFFICE:

Granville House

2 Tettenhall Road

Wolverhampton

West Midlands

WV1 4SB

REGISTERED NUMBER:

01000094 (England and Wales)

AUDITORS:

Lancaster Haskins Limited Statutory Auditor

Granville House

2 Tettenhall Road

Wolverhampton

West Midlands

WV1 4SB

FIXED ASSETS

Tangible assets

4

1,177,397

1,265,823

Investment property

5

1,114,000

1,095,000

2,291,397

2,360,823

CURRENT ASSETS

Stocks

208,406

242,514

Debtors

6

1,635,362

1,484,355

Cash at bank and in hand

142,005

159,863

1,985,773

1,886,732

CREDITORS

Amounts falling due within one year

7

1,489,840

1,422,503

NET CURRENT ASSETS

495,933

464,229

TOTAL ASSETS LESS CURRENT LIABILITIES

2,787,330

2,825,052

CREDITORS

Amounts falling due after more than one year

8

(883,559

)

(977,384

)

PROVISIONS FOR LIABILITIES

(78,507

)

(76,862

)

NET ASSETS

1,825,264

1,770,806

CAPITAL AND RESERVES

Called up share capital

11

10,100

10,100

Capital redemption reserve

200

200

Non distributable reserves

491,797

476,797

Retained earnings

1,323,167

1,283,709

SHAREHOLDERS' FUNDS

1,825,264

1,770,806

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 director and authorised for issue on 28 October 2026 and were signed by:

C C Davies - Director

1.	STATUTORY INFORMATION

Sundorne Products (Y Maes) 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.

The presentation currency of the financial statements is the Pound Sterling (£).

The principle activity of the company in the year under review was that of retail grocery sales and fuel service station supplies.

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 as modified by the revaluation of certain assets.

The reporting date for the current period has been extended for commercial reasons and therefore does not represent a standard 52-week period. As a result, the figures presented for the current and comparative periods are not directly comparable.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Significant judgements and estimates

Management is required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

There are no key sources of estimation uncertainty that have a significant effect on the amounts recognised in the financial statements.

Turnover

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

Turnover is recognised at the point when retail customers pay for the goods and at the point when credit customers take delivery of the goods.

Tangible fixed assets

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

Freehold property

-

5% on cost and 2% on cost

Short leasehold

-

5% on reducing balance

Improvements to property

-

10% on cost

Plant and machinery

-

10% on reducing balance

Fixtures and fittings

-

25% on cost and 10% on cost

Motor vehicles

-

20% on cost

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference shares or non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account 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 39 (2025 - 44 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Freehold

Short

to

property

leasehold

property

£

£

£

COST

At 1 February 2025

965,803

64,847

534,913

Additions

-

-

-

At 31 January 2026

965,803

64,847

534,913

DEPRECIATION

At 1 February 2025

76,750

44,310

301,210

Charge for year

10,655

1,027

43,822

At 31 January 2026

87,405

45,337

345,032

NET BOOK VALUE

At 31 January 2026

878,398

19,510

189,881

At 31 January 2025

889,053

20,537

233,703

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1 February 2025

846,224

316,130

120,518

2,848,435

Additions

-

3,583

-

3,583

At 31 January 2026

846,224

319,713

120,518

2,852,018

DEPRECIATION

At 1 February 2025

809,965

282,612

67,765

1,582,612

Charge for year

4,450

13,273

18,782

92,009

At 31 January 2026

814,415

295,885

86,547

1,674,621

NET BOOK VALUE

At 31 January 2026

31,809

23,828

33,971

1,177,397

At 31 January 2025

36,259

33,518

52,753

1,265,823

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 February 2025

1,095,000

Revaluations

19,000

At 31 January 2026

1,114,000

NET BOOK VALUE

At 31 January 2026

1,114,000

At 31 January 2025

1,095,000

The properties were valued at open market value on 31 January 2026 by Tudor Estate Agents, Pwllheli.

Fair value at 31 January 2026 is represented by:

£

Valuation in 2005

417,513

Valuation in 2007

(3,709

)

Valuation in 2013

(35,000

)

Valuation in 2016

786,196

Valuation in 2021

130,000

Valuation in 2022

(55,000

)

Valuation in 2023

(145,000

)

Valuation in 2026

19,000

1,114,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.26

31.1.25

£

£

Trade debtors

16,613

19,545

Amounts owed by group undertakings

1,112,607

1,046,583

Other debtors

83,529

48,372

Directors' current accounts

305,167

276,303

Tax

84,743

75,002

Prepayments

32,703

18,550

1,635,362

1,484,355

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.26

31.1.25

£

£

Bank loans and overdrafts

54,772

56,013

A F Blakemore and Son Limited

41,459

55,849

Other loans

66

66

Hire purchase contracts (see note 9)

31,296

22,534

Trade creditors

858,760

915,506

Amounts owed to group undertakings

245,438

151,170

Tax

143,938

105,415

Social security and other taxes

29,052

46,913

Other creditors

14,799

14,219

Accrued expenses

70,260

54,818

1,489,840

1,422,503

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.1.26

31.1.25

£

£

Bank loans - 1-2 years

53,728

54,731

Bank loans - 2-5 years

190,273

175,321

Bank loans more 5 yr by instal

639,558

710,984

Hire purchase contracts (see note 9)

-

36,348

883,559

977,384

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

639,558

710,984

9.	LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

31.1.26

31.1.25

£

£

Net obligations repayable:

Within one year

31,296

22,534

Between one and five years

-

36,348

31,296

58,882

10.	SECURED DEBTS

The following secured debts are included within creditors:

31.1.26

31.1.25

£

£

Bank loans

938,331

997,049

Hire purchase contracts

31,296

58,882

A F Blakemore loans

743,193

824,208

1,712,820

1,880,139

Assets held as security formally charged to the Bank:

An unlimited inter-company guarantee.

A debenture over all assets of the company dated 29/02/2008

48 Morfar Garreg, Pwllheli

Garage Premises, New Street, Pwllhelli

9 Lower Cardiff Road, Pwllheli

8 Lower Cardiff Road, Pwllhelli

6 Lower Cardiff Road, Pwllheli

28 Penrhyn Llidiog, Pwllheli

A legal charge over Glandon Service Station, Caernarvon Road, Pwllheli, dated 05/12/2017

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.1.26

31.1.25

value:

£

£

10,000

Ordinary

£1

10,000

10,000

100

Ordinary "B"

£1

100

100

10,100

10,100

Ordinary shares have a right to a dividend, are voting shares and have usual priority and share in any surplus on winding up as other ordinary shares.

Ordinary "B" shares are only available for subscription by and issue to directors. Each director may subscribe for a maximum of 100 shares at par value and upon ceasing as a director the shares will be forfeited. The shares are non-voting, non-transferable shares and no rights are attached to the shares other than that of dividend entitlement. In the event of liquidation of the company ordinary "B"shares do not share any surplus.

12.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Mark Ashton FCA FCCA (Senior Statutory Auditor)

for and on behalf of Lancaster Haskins Limited Statutory Auditor

13.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 31 January 2026 and the period ended 31 January 2025:

31.1.26

31.1.25

£

£

C C Davies

Balance outstanding at start of year

276,303

239,193

Amounts advanced

28,864

47,110

Amounts repaid

-

(10,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

305,167

276,303

The loan is unsecured, interest free and repayable on demand.

14.	ULTIMATE CONTROLLING PARTY

The controlling party is C C Davies.

15.	GOING CONCERN

The accompanying financial statements have been prepared on the assumption that the company will continue as a going concern in the foreseeable future. Management has assessed the company's ability to continue as a going concern and has not identified any material uncertainties that may cast significant doubt on the company's ability to continue as a going concern.

Management's Assessment

Management has evaluated various factors, including the company's current financial position, projected future cash flows, and existing financing arrangements. Based on this assessment, management believes that the company has adequate resources to meet its obligations as they become due and to continue its operations.