Cyfeillion Croesor - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03567809 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 May 2019

for

Cyfeillion Croesor

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

7

DIRECTORS:

Mr O T Owen

Ms A Irene

Ms L Griffin

SECRETARY:

Ms E Owen

REGISTERED OFFICE:

Caffi Croesor

Croesor

Penrhyndeudraeth

Gwynedd

LL48 6SS

REGISTERED NUMBER:

03567809 (England and Wales)

ACCOUNTANTS:

DUNN AND ELLIS CYF

Chartered Accountants

Adeilad St David's Building

Stryd Lombard Street

Porthmadog

Gwynedd

LL49 9AP

FIXED ASSETS

Tangible assets

3

233,239

238,613

CURRENT ASSETS

Stocks

500

500

Debtors

4

150

-

Cash at bank

21,236

12,970

21,886

13,470

CREDITORS

Amounts falling due within one year

5

11,748

10,781

NET CURRENT ASSETS

10,138

2,689

TOTAL ASSETS LESS CURRENT LIABILITIES

243,377

241,302

PROVISIONS FOR LIABILITIES

158

198

NET ASSETS

243,219

241,104

RESERVES

Income and expenditure account

243,219

241,104

243,219

241,104

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2019 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 surplus or deficit 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 on 28 February 2020 and were signed on its behalf by:

Ms A Irene - Director

1.	STATUTORY INFORMATION

Cyfeillion Croesor is a private company, limited by guarantee , 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.

The directors have considered the basis for the preparation of the financial statements and consider the going

concern basis to be the most suitable. Therefore, the accounts have been prepared on the assumption that the

company is thus able to carry on its business in this manner.

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.

Land and buildings

-

2% on cost

Plant and machinery etc

-

20% on reducing balance

Fixed assets are stated at their cost prices, less accumulated depreciation and less amounts recognised in respect

of impairment.

Stocks

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

moving items.

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.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 June 2018

and 31 May 2019

258,227

5,536

263,763

DEPRECIATION

At 1 June 2018

20,658

4,492

25,150

Charge for year

5,165

209

5,374

At 31 May 2019

25,823

4,701

30,524

NET BOOK VALUE

At 31 May 2019

232,404

835

233,239

At 31 May 2018

237,569

1,044

238,613

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.19

31.5.18

£

£

Other debtors

150

-

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.19

31.5.18

£

£

Trade creditors

936

876

Taxation and social security

1,503

299

Other creditors

9,309

9,606

11,748

10,781

6.	SECURED DEBTS

The following secured debts are included within creditors:

31.5.19

31.5.18

£

£

Other loans

8,500

8,500

The following charges are currently shown as being active on the Companies House website:

Timothy David Stuart Adams

Charge date: 14 January 2017

Charge code: 0356 7809 0001

Type: Legal charge

Details: By way of legal charge over title numbers CYM34999 and CYM30971, also known as Old Bryn

Gelynen, Croesor, Penrhyndeudraeth, Gwynedd.

7.	RELATED PARTY DISCLOSURES

The directors' consider all transactions between the company and its related parties to be immaterial and carried

out on an arms length basis.

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file

a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the

Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Cyfeillion Croesor for the year ended 31 May 2019 which comprise the Income Statement,

Balance Sheet and the related notes from the company's accounting records and from information and explanations you

have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Cyfeillion Croesor, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Cyfeillion Croesor and state those matters that we have agreed to state to the Board of Directors of Cyfeillion Croesor, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Cyfeillion Croesor and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Cyfeillion Croesor has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Cyfeillion Croesor. You consider that Cyfeillion Croesor is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Cyfeillion Croesor. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

DUNN AND ELLIS CYF

Chartered Accountants

Adeilad St David's Building

Stryd Lombard Street

Porthmadog

Gwynedd

LL49 9AP

28 February 2020