Ty-Carreg Holdings Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 06794348 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2023

FOR

TY-CARREG HOLDINGS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr M D Christopher

SECRETARY:

Mrs H Christopher

REGISTERED OFFICE:

Unit

13

Llantrisant Business Park

Llantrisant

Pontyclun

CF72 8LF

REGISTERED NUMBER:

06794348 (England and Wales)

ACCOUNTANT:

Linghams Chartered Accountants

(Lingham Accountancy Limited)

(Part of the Waterfront Accountancy Group Limited)

7-8 Raleigh Walk

Waterfront 2000

Brigantine Place

Cardiff

South Glamorgan

CF10 4LN

FIXED ASSETS

Tangible assets

4

951,090

951,363

CURRENT ASSETS

Investments

5

300

300

Cash at bank

28,930

78,002

29,230

78,302

CREDITORS

Amounts falling due within one year

6

6,035

6,836

NET CURRENT ASSETS

23,195

71,466

TOTAL ASSETS LESS CURRENT LIABILITIES

974,285

1,022,829

CREDITORS

Amounts falling due after more than one year

7

(856,398

)

(991,397

)

PROVISIONS FOR LIABILITIES

(207

)

(259

)

NET ASSETS

117,680

31,173

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

116,680

30,173

SHAREHOLDERS' FUNDS

117,680

31,173

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 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 10 June 2024 and were signed by:

Mr M D Christopher - Director

1.	STATUTORY INFORMATION

Ty-Carreg Holdings 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.

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.

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.

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 3 (2022 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 August 2022

and 31 July 2023

950,000

1,460

951,460

DEPRECIATION

At 1 August 2022

-

97

97

Charge for year

-

273

273

At 31 July 2023

-

370

370

NET BOOK VALUE

At 31 July 2023

950,000

1,090

951,090

At 31 July 2022

950,000

1,363

951,363

5.	CURRENT ASSET INVESTMENTS

31.7.23

31.7.22

£

£

Shares in group undertakings

300

300

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.23

31.7.22

£

£

Trade creditors

1

36

Taxation and social security

3,658

4,532

Other creditors

2,376

2,268

6,035

6,836

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.7.23

31.7.22

£

£

Bank loans

39,167

44,167

Amounts owed to group undertakings

746,940

567,476

Other creditors

70,291

379,754

856,398

991,397

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.7.23

31.7.22

£

£

Bank loans

39,167

44,167