REGISTERED NUMBER: 08058090 (England and Wales)

TWCAN CYFYNGEDIG

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 MARCH 2026

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S G Saunders-Jones

G Saunders-Jones

O G Saunders-Jones

SECRETARY:

Mrs K Saunders-Jones

REGISTERED OFFICE:

Ysgubor Lawen Heol Las

Monknash

Cowbridge

South Glamorgan

CF71 7QQ

REGISTERED NUMBER:

08058090 (England and Wales)

ACCOUNTANTS:

Bevan Buckland Ltd

Ground Floor Cardigan House

Castle Court

Swansea Enterprise Park

Swansea

SA7 9LA

FIXED ASSETS

Tangible assets

4

246

329

Investment property

5

1,115,000

1,067,000

1,115,246

1,067,329

CURRENT ASSETS

Debtors

6

3,641

5,657

Cash at bank

4,625

2,993

8,266

8,650

CREDITORS

Amounts falling due within one year

7

22,902

62,704

NET CURRENT LIABILITIES

(14,636

)

(54,054

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,100,610

1,013,275

CREDITORS

Amounts falling due after more than one year

8

758,399

723,518

NET ASSETS

342,211

289,757

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Fair value reserve

10

207,716

159,716

Retained earnings

133,495

129,041

342,211

289,757

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 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 30 October 2026 and were signed on its behalf by:

O G Saunders-Jones - Director

1.	STATUTORY INFORMATION

Twcan Cyfyngedig 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 as modified by the revaluation of certain assets.

Going concern

At 31 March 2026 the company had net current liabilities of £14,636. The going concern basis is considered appropriate for the preparation of the financial statements due to the continued financial support of the directors.

Turnover

Turnover represents rental income receivable for the year.

Tangible fixed assets

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

Fixtures & fittings - 25% on reducing balance

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.

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.

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash at bank and in hand

Cash at bank and in hand are basic financial assets and include cash in hand, deposits held at call with banks and other short term liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

Creditors and provisions

Creditors and provisions are recognised where the company has a present obligation (legal and constructive)

resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2025 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2025

and 31 March 2026

10,329

DEPRECIATION

At 1 April 2025

10,000

Charge for year

83

At 31 March 2026

10,083

NET BOOK VALUE

At 31 March 2026

246

At 31 March 2025

329

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2025

1,067,000

Revaluations

48,000

At 31 March 2026

1,115,000

NET BOOK VALUE

At 31 March 2026

1,115,000

At 31 March 2025

1,067,000

Fair value at 31 March 2026 is represented by:

£

Valuation in 2026

1,115,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Other debtors

3,641

5,657

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts

6,081

50,095

Taxation and social security

1,064

793

Other creditors

15,757

11,816

22,902

62,704

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans

579,818

545,657

Other creditors

178,581

177,861

758,399

723,518

Included within other creditors are amounts totalling £178,581 (2025: £177,861) due to the directors of the company. These balances are unsecured, interest-free and are not repayable within one year from the balance sheet date.

9.	SECURED DEBTS

The bank loans are secured by fixed and floating charges over all of the company's assets.

10.

RESERVES

Fair

value

reserve

£

At 1 April 2025

159,716

Revaluation

48,000

At 31 March 2026

207,716

The fair value reserve is non-distributable.