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REGISTERED NUMBER:
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Mynydd Y Gwynt Limited |
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Unaudited Financial Statements for the Year Ended 30 September 2018 |
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REGISTERED NUMBER:
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Mynydd Y Gwynt Limited |
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Unaudited Financial Statements for the Year Ended 30 September 2018 |
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Mynydd Y Gwynt Limited (Registered number: 04366209) |
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Contents of the Financial Statements |
for the Year Ended 30 September 2018 |
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Page |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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Mynydd Y Gwynt Limited |
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Company Information |
for the Year Ended 30 September 2018 |
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Directors: |
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Registered office: |
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Registered number: |
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Accountants: |
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7 Neptune Court |
Vanguard Way |
Cardiff |
CF24 5PJ |
Mynydd Y Gwynt Limited (Registered number: 04366209) |
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Balance Sheet |
30 September 2018 |
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2018 | 2017 |
Notes | £ | £ |
Current assets |
Cash at bank |
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Creditors |
Amounts falling due within one year | 3 | ( |
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Net current liabilities | ( |
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Total assets less current liabilities | ( |
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Capital and reserves |
Called up share capital | 4 |
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Retained earnings | 5 | ( |
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Shareholders' funds | ( |
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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. |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors on
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Mynydd Y Gwynt Limited (Registered number: 04366209) |
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Notes to the Financial Statements |
for the Year Ended 30 September 2018 |
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1. | Statutory information |
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Mynydd Y Gwynt Limited is a
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company's registered number and registered office address can be found on the Company Information page. |
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2. | Accounting policies |
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Basis of preparing the financial statements |
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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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the |
balance sheet date. |
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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. |
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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. |
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Going concern |
As at 30 September 2018, the company was reporting net current liabilities of £924,244 (2017: £920,695), and |
negative shareholders funds of £924,244 (2017 £920,695). |
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The directors have confirmed that they believe the company will prove profitable and based on this the accounts |
have been prepared on a going concern basis. |
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3. | Creditors: amounts falling due within one year |
2018 | 2017 |
£ | £ |
VAT | - | 1,702 |
Other creditors |
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Accrued expenses |
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4. | Called up share capital |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2018 | 2017 |
value: | £ | £ |
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Ordinary A | £1 | 350 | 350 |
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Ordinary B | £1 | 600 | 600 |
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Ordinary C | £1 | 50 | 50 |
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A Preference | £1 | 2,000 | 2,000 |
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B Preference | £1 | 500,000 | 500,000 |
503,000 | 503,000 |
Mynydd Y Gwynt Limited (Registered number: 04366209) |
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Notes to the Financial Statements - continued |
for the Year Ended 30 September 2018 |
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5. | Reserves |
Retained |
earnings |
£ |
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At 1 October 2017 | ( |
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Deficit for the year | ( |
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At 30 September 2018 | ( |
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6. | Related party disclosures |
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Energy Holdings Limited is a preference shareholder of the Company from 19th January 2017 and as at 30 |
September 2018 has an outstanding loan with the company amounting to £927,353 (2017: £927,353). |