Brodyr James Cyfyngedig

Brodyr James Cyfyngedig
Directors' Report
For the year ended 31 March 2025

Director's report and financial statements

The directors present his/her/their annual report and the financial statements for the year ended 31 March 2025.

Principal activities

Principal activity of the company during the financial year was of a bus operator.

Directors

The directors who served the company throughout the year were as follows:

Mr D E James

Mrs T A McErlean

Mrs M E Owen

Statement of directors' responsibilities

The directors are responsible for preparing the directors' report and the financial statements in accordance with applicable law and regulations and in accordance with United Kingdom Generally Accepted Accounting Practice.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.

In preparing these financial statements, the directors are required to :

select suitable accounting policies and then apply them consistently
make judgements and accounting estimates that are reasonable and prudent
state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements and
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The directors are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom, governing the preparation and dissemination of financial statements, may differ from legislation in other jurisdictions

This report was approved by the board and signed on its behalf by:

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Mr D E James
Director

Date approved: 07 November 2025

Brodyr James Cyfyngedig
Statement of Financial Position
As at 31 March 2025

	Notes	2025 £	2024 £
Fixed assets
Tangible fixed assets	3	282,284	306,605
Investments	4	3,454,454	3,528,112
		3,736,738	3,834,717
Current assets
Debtors	5	262	311
Cash at bank and in hand		77,930	140,774
		78,192	141,085
Creditors: amount falling due within one year	6	(19,664)	(12,761)
Net current assets		58,528	128,324

Total assets less current liabilities		3,795,266	3,963,041
Provisions for liabilities	7	12,496	(5,524)
Net assets		3,807,762	3,957,517

Capital and reserves
Called up share capital	8	1,000	1,000
Revaluation Reserves	9	1,077,014	1,118,980
Profit and loss account		2,729,748	2,837,537
Shareholders' funds		3,807,762	3,957,517

For the year ended 31 March 2025 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.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 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. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The financial statements were approved by the board of directors on 07 November 2025 and were signed on its behalf by:

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Mrs T A McErlean
Director

Brodyr James Cyfyngedig
Statement of Changes in Equity
For the year ended 31 March 2025

	Equity share capital	Revaluation reserve	Retained Earnings	Total
	£	£	£	£
At 01 April 2023	1,000	712,381	2,845,283	3,558,664
Profit for the year			1,254	1,254
Investments w/off / revalued		406,599		406,599
Total comprehensive income for the year	-	406,599	1,254	407,853
Dividends			(9,000)	(9,000)
Total investments by and distributions to owners	-	-	(9,000)	(9,000)
At 31 March 2024	1,000	1,118,980	2,837,537	3,957,517
At 01 April 2024	1,000	1,118,980	2,837,537	3,957,517
Profit for the year			(69,789)	(69,789)
Investments w/off / revalued		(41,966)		(41,966)
Total comprehensive income for the year	-	(41,966)	(69,789)	(111,755)
Dividends			(38,000)	(38,000)
Total investments by and distributions to owners	-	-	(38,000)	(38,000)
At 31 March 2025	1,000	1,077,014	2,729,748	3,807,762

Brodyr James Cyfyngedig
Notes to the Financial Statements
For the year ended 31 March 2025

General Information

Brodyr James Cyfyngedig is a private company, limited by shares, registered in England and Wales, registration number 04659032, registration address Glanyrafon Garage, Llangeithio, Tregaron, Ceredigion, SY25 6TT.

The presentation currency is £ sterling.

Accounting policies

Significant accounting policies

Statement of compliance

These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.

The financial statements are prepared in sterling which is the functional currency of the company.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Deferred taxation

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Land and Buildings	0% Straight Line
Plant and Machinery	25% Reducing Balance
Motor Vehicles	25% Reducing Balance
Computer Equipment	33.33% Straight Line

Fixed asset investments

Fixed asset investments represent listed share securities and are include in the financial statements as at the period portfolio valuation.
Any changes in the valuation of the portfolio are reflected in the Revaluation Reserve. If there is a profit or loss from share trading, this is included in the income statement for the relevant period.

Provisions

Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.

2.	Average number of employees Average number of employees during the year was 2 (2024 : 5).

Tangible fixed assets

Cost or valuation	Land and Buildings	Plant and Machinery	Motor Vehicles	Computer Equipment	Total
	£	£	£	£	£
At 01 April 2024	277,532	754,052	1,800	959	1,034,343
Additions	-	-	-	-	-
Disposals	-	(633,125)	-	-	(633,125)
At 31 March 2025	277,532	120,927	1,800	959	401,218
Depreciation
At 01 April 2024	-	725,249	1,800	689	727,738
Charge for year	-	6,818	-	191	7,009
On disposals	-	(615,813)	-	-	(615,813)
At 31 March 2025	-	116,254	1,800	880	118,934
Net book values
Closing balance as at 31 March 2025	277,532	4,673	-	79	282,284
Opening balance as at 01 April 2024	277,532	28,803	-	270	306,605

Investments

Cost	Other investments other than loans	Total
	£	£
At 01 April 2024	3,528,112	3,528,112
Additions	87,019	87,019
Disposals	(118,711)	(118,711)
Revaluations	(41,966)	(41,966)
At 31 March 2025	3,454,454	3,454,454

Debtors: amounts falling due within one year

	2025 £		2024 £
VAT	262		311
	262		311

Creditors: amount falling due within one year

	2025 £	2024 £
Trade Creditors	-	270
Corporation Tax	-	8,731
Accrued Expenses	2,285	2,535
Other Creditors	17,000	408
Directors' Current Accounts	379	817
	19,664	12,761

Provisions for liabilities

	2025 £	2024 £
Deferred Tax	19,656	19,656
Charged to Profit & Loss	(32,152)	(14,132)
	(12,496)	5,524

Share Capital

Allotted, called up and fully paid	2025 £		2024 £
1,000 Ordianry shares of £1.00 each	1,000		1,000
	1,000		1,000

Revaluation Reserves

	2025 £	2024 £
Revaluation Reserve b/fwd	1,118,980	712,381
Investments Revaluation	(41,966)	406,599
	1,077,014	1,118,980

Registered Number: 04659032
England and Wales
BRODYR JAMES CYFYNGEDIG

Unaudited Financial Statements

Period of accounts Start date: 01 April 2024 End date: 31 March 2025