REGISTERED NUMBER: 08920188 (England and Wales)

SEA NYMPH ESTATES LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

R Newport

SECRETARY:

REGISTERED OFFICE:

Y Dderwen

Talybont

Barmouth

Gwynedd

LL43 2AE

REGISTERED NUMBER:

08920188 (England and Wales)

ACCOUNTANTS:

E W Owen & Co

Glyndwr Buildings

Glyndwr Street

Dolgellau

Gwynedd

LL40 1BB

FIXED ASSETS

Tangible assets

4

761,192

762,103

CURRENT ASSETS

Debtors

5

10,179

23,172

Cash at bank

25,752

7,745

35,931

30,917

CREDITORS

Amounts falling due within one year

6

637,092

636,516

NET CURRENT LIABILITIES

(601,161

)

(605,599

)

TOTAL ASSETS LESS CURRENT LIABILITIES

160,031

156,504

PROVISIONS FOR LIABILITIES

1,557

1,730

NET ASSETS

158,474

154,774

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

158,473

154,773

SHAREHOLDERS' FUNDS

158,474

154,774

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 director acknowledges his 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 director and authorised for issue on 5 October 2026 and were signed by:

Mrs C Evans - Director

1.	STATUTORY INFORMATION

Sea Nymph Estates Ltd 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.

Tangible fixed assets

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

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Freehold

Hafod

Chalet

property

Equipment

Totals

£

£

£

£

£

COST

At 1 April 2025

and 31 March 2026

598,948

131,050

23,000

15,575

768,573

DEPRECIATION

At 1 April 2025

-

-

-

6,470

6,470

Charge for year

-

-

-

911

911

At 31 March 2026

-

-

-

7,381

7,381

NET BOOK VALUE

At 31 March 2026

598,948

131,050

23,000

8,194

761,192

At 31 March 2025

598,948

131,050

23,000

9,105

762,103

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

2,909

12,767

Other debtors

7,270

10,405

10,179

23,172

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade creditors

30,630

29,462

Taxation and social security

732

1,196

Other creditors

605,730

605,858

637,092

636,516