THE DRAGON BARMOUTH – CHAIRS REPORT FOR THE YEAR ENDING MARCH 2025
2024/25 has been a busy and produc�ve year for the charity, but a year with challenges.
We have con�nued to serve the community of Barmouth and surrounding areas with a range of services and ac�vi�es. We also support Barmouth to become a “year round” holiday des�na�on and boost the local economy through having a vibrant and varied theatre program.
Young people have con�nued to benefit from parent/baby groups, holiday ac�vi�es, drama, choir sessions, our ever-popular seasonal children’s par�es and of course Father Christmas and his gro�o. These events are on the whole free to a�end backed by funding and sponsorship.
grants and free to a�end. Aimed at tackling loneliness and isola�on.
Our regular music and drama events have proved popular with Murder Mysteries, Welsh musicians, Welsh Opera and original Wesh music, tribute acts plus Jazz evenings. These events have extended our work into celebra�ng our Welsh heritage.
Once of our larger projects has been Welsh Whisperers, training local people in the art of storytelling to preserve those tales that have been handed down by work of mouth. We were overwhelmed to receive a UK wide award for this work and for 2025/26 funding to train more storytellers.
Our community centre con�nues to host a wide range of organisa�ons including the Town Council, local poli�cian surgeries and community groups.
and the elements with major repairs required and we are s�ll working our way through these. That and the increase in u�lity costs has made us dig into reserves this year.
REGISTERED NUMBER: 07456849 (Wales)
THE DRAGON BARMOUTH LTD
REPORT OF THE DIRECTORS AND
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
E W Owen & Co Glyndwr Buildings Glyndwr Street Dolgellau Gwynedd LL40 1BB
THE DRAGON BARMOUTH LTD
CONTENTS OF THE FINANCIAL STATEMENTS for the Year Ended 31 MARCH 2025
| Page | |
|---|---|
| Company Information | 1 |
| Report of the Directors | 2 |
| Income Statement | 3 |
| Balance Sheet | 4 |
| Notes to the Financial Statements | 5 |
| Report of the Accountants | 7 |
| Detailed Income and Expenditure Account | 8 |
THE DRAGON BARMOUTH LTD
COMPANY INFORMATION for the Year Ended 31 MARCH 2025
| DIRECTORS: | S J A Wolfers |
|---|---|
| P J Marshall | |
| S Robertson | |
| J Horrocks | |
| C Roberts | |
| M Lansley | |
| REGISTERED OFFICE: | Ty Glyndwr |
| Glyndwr Street | |
| Dolgellau | |
| Gwynedd | |
| LL40 1BB | |
| REGISTERED NUMBER: | 07456849 (Wales) |
| ACCOUNTANTS: | E W Owen & Co |
| Glyndwr Buildings | |
| Glyndwr Street | |
| Dolgellau | |
| Gwynedd | |
| LL40 1BB |
Page 1
THE DRAGON BARMOUTH LTD
REPORT OF THE DIRECTORS for the Year Ended 31 MARCH 2025
The directors present their report with the financial statements of the company for the year ended 31 March 2025.
DIRECTORS
The directors shown below have held office during the whole of the period from 1 April 2024 to the date of this report.
S J A Wolfers P J Marshall S Robertson J Horrocks
Other changes in directors holding office are as follows:
C Roberts - appointed 10 June 2024 V Snow - appointed 10 June 2024 M Lansley - appointed 10 June 2024
K Moyce and V Snow ceased to be directors after 31 March 2025 but prior to the date of this report.
This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.
ON BEHALF OF THE BOARD:
P J Marshall - Director
19 December 2025
Page 2
THE DRAGON BARMOUTH LTD
INCOME STATEMENT for the Year Ended 31 MARCH 2025
| Notes TURNOVER Cost of sales GROSS SURPLUS Administrative expenses Other operating income OPERATING DEFICIT 4 Interest receivable and similar income DEFICIT BEFORE TAXATION Tax on deficit DEFICIT FOR THE FINANCIAL YEAR |
2025 £ 71,996 (25,498) 46,498 (71,124) (24,626) 3,444 (21,182) - (21,182) - (21,182) |
2024 £ 96,576 (24,590) 71,986 (77,900) (5,914) 473 (5,441) 14 (5,427) - (5,427) |
|---|---|---|
The notes form part of these financial statements
Page 3
THE DRAGON BARMOUTH LTD (REGISTERED NUMBER: 07456849)
BALANCE SHEET 31 MARCH 2025
| Notes FIXED ASSETS Tangible assets 5 CURRENT ASSETS Stocks Debtors 6 Cash at bank CREDITORS Amounts falling due within one year 7 NET CURRENT (LIABILITIES)/ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES RESERVES Income and expenditure account |
2025 £ 349 4,663 4,298 9,310 13,501 |
£ 31,012 (4,191) 26,821 26,821 26,821 |
2024 £ 312 7,500 15,021 22,833 13,338 |
£ 38,508 9,495 |
|---|---|---|---|---|
| 48,003 | ||||
| 48,003 | ||||
| 48,003 |
The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the Board of Directors and authorised for issue on 19 December 2025 and were signed on its behalf by:
P J Marshall - Director
The notes form part of these financial statements
Page 4
THE DRAGON BARMOUTH LTD
NOTES TO THE FINANCIAL STATEMENTS for the Year Ended 31 MARCH 2025
1. STATUTORY INFORMATION
The Dragon Barmouth Ltd is a private company, limited by guarantee, registered in 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. Plant and machinery etc - 20% on reducing balance and 20% on cost
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. EMPLOYEES AND DIRECTORS
The average number of employees during the year was 2 (2024 - 2).
Page 5
continued...
THE DRAGON BARMOUTH LTD
NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 MARCH 2025
4. OPERATING DEFICIT
The operating deficit is stated after charging:
Depreciation - owned assets
| 2025 | 2024 |
|---|---|
| £ | £ |
| 7,718 | 9,559 |
5. TANGIBLE FIXED ASSETS
| Freehold property Equipment £ £ COST At 1 April 2024 276 21,824 Additions - 222 At 31 March 2025 276 22,046 DEPRECIATION At 1 April 2024 - 8,424 Charge for year - 2,724 At 31 March 2025 - 11,148 NET BOOK VALUE At 31 March 2025 276 10,898 At 31 March 2024 276 13,400 |
Fixtures and Computer fittings equipment £ £ 47,234 696 - - 47,234 696 22,959 139 4,855 139 27,814 278 19,420 418 24,275 557 |
Totals £ 70,030 222 |
|---|---|---|
| 70,252 | ||
| 31,522 7,718 |
||
| 39,240 | ||
| 31,012 | ||
| 38,508 |
6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Trade debtors Other debtors CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade creditors Taxation and social security Other creditors |
2025 £ 1,900 2,763 4,663 2025 £ 1,403 1,191 10,907 13,501 |
2024 £ 4,737 2,763 7,500 2024 £ - 1,347 11,991 |
2024 £ 4,737 2,763 |
|---|---|---|---|
| 7,500 | |||
| 13,338 |
7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Page 6
THE DRAGON BARMOUTH LTD
REPORT OF THE ACCOUNTANTS TO THE DIRECTORS OF THE DRAGON BARMOUTH LTD
As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2025 set out on pages three to six and you consider that the company is exempt from an audit.
In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.
E W Owen & Co Glyndwr Buildings Glyndwr Street Dolgellau Gwynedd LL40 1BB
Date: .............................................
This page does not form part of the statutory financial statements
Page 7
THE DRAGON BARMOUTH LTD
DETAILED INCOME AND EXPENDITURE ACCOUNT for the Year Ended 31 MARCH 2025
| Turnover Events Bar Takings Room Letting Grants receivable Donations Cost of sales Opening stock Purchases Film hire Performers Drama productions Closing stock GROSS SURPLUS Other income Sundry receipts Deposit account interest Expenditure Rates and water Insurance Light and heat Wages Telephone Post and stationery Advertising Licences Travel and subsistence Repairs and renewals Cleaning and waste collection Subscriptions and fees Computer costs Accountancy Legal and professional fees Finance costs Bank charges Carried forward |
2025 £ 17,149 14,567 16,001 23,694 585 312 12,510 673 10,887 1,465 25,847 (349) 3,444 - 428 6,730 8,259 33,953 788 733 600 70 82 6,601 1,199 180 90 924 2,704 |
£ 71,996 25,498 46,498 3,444 49,942 63,341 (13,399) 64 (13,463) |
2024 £ 13,098 13,623 17,959 51,762 134 413 8,945 1,512 11,702 2,330 24,902 (312) 473 14 196 6,498 4,731 23,597 1,241 541 3,389 70 2,456 19,963 978 292 90 888 3,360 |
£ 96,576 24,590 |
|---|---|---|---|---|
| 71,986 487 |
||||
| 72,473 68,290 |
||||
| 4,183 52 |
||||
| 4,131 |
This page does not form part of the statutory financial statements
Page 8
THE DRAGON BARMOUTH LTD
DETAILED INCOME AND EXPENDITURE ACCOUNT for the Year Ended 31 MARCH 2025
| Brought forward Depreciation Equipment Fixtures and fittings Computer equipment NET DEFICIT |
2025 £ 2,725 4,855 139 |
£ (13,463) 7,719 (21,182) |
2024 £ 3,350 6,069 139 |
£ 4,131 9,558 (5,427) |
|---|---|---|---|---|
This page does not form part of the statutory financial statements
Page 9
REGISTERED NUMBER: 07456849 (Wales)
THE DRAGON BARMOUTH LTD
REPORT OF THE DIRECTORS AND
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
E W Owen & Co Glyndwr Buildings Glyndwr Street Dolgellau Gwynedd LL40 1BB
THE DRAGON BARMOUTH LTD
CONTENTS OF THE FINANCIAL STATEMENTS for the Year Ended 31 MARCH 2025
| Page | |
|---|---|
| Company Information | 1 |
| Report of the Directors | 2 |
| Income Statement | 3 |
| Balance Sheet | 4 |
| Notes to the Financial Statements | 5 |
| Report of the Accountants | 7 |
| Detailed Income and Expenditure Account | 8 |
THE DRAGON BARMOUTH LTD
COMPANY INFORMATION for the Year Ended 31 MARCH 2025
| DIRECTORS: | S J A Wolfers |
|---|---|
| P J Marshall | |
| S Robertson | |
| J Horrocks | |
| C Roberts | |
| M Lansley | |
| REGISTERED OFFICE: | Ty Glyndwr |
| Glyndwr Street | |
| Dolgellau | |
| Gwynedd | |
| LL40 1BB | |
| REGISTERED NUMBER: | 07456849 (Wales) |
| ACCOUNTANTS: | E W Owen & Co |
| Glyndwr Buildings | |
| Glyndwr Street | |
| Dolgellau | |
| Gwynedd | |
| LL40 1BB |
Page 1
THE DRAGON BARMOUTH LTD
REPORT OF THE DIRECTORS for the Year Ended 31 MARCH 2025
The directors present their report with the financial statements of the company for the year ended 31 March 2025.
DIRECTORS
The directors shown below have held office during the whole of the period from 1 April 2024 to the date of this report.
S J A Wolfers P J Marshall S Robertson J Horrocks
Other changes in directors holding office are as follows:
C Roberts - appointed 10 June 2024 V Snow - appointed 10 June 2024 M Lansley - appointed 10 June 2024
K Moyce and V Snow ceased to be directors after 31 March 2025 but prior to the date of this report.
This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.
ON BEHALF OF THE BOARD:
P J Marshall - Director
19 December 2025
Page 2
THE DRAGON BARMOUTH LTD
INCOME STATEMENT for the Year Ended 31 MARCH 2025
| Notes TURNOVER Cost of sales GROSS SURPLUS Administrative expenses Other operating income OPERATING DEFICIT 4 Interest receivable and similar income DEFICIT BEFORE TAXATION Tax on deficit DEFICIT FOR THE FINANCIAL YEAR |
2025 £ 71,996 (25,498) 46,498 (71,124) (24,626) 3,444 (21,182) - (21,182) - (21,182) |
2024 £ 96,576 (24,590) 71,986 (77,900) (5,914) 473 (5,441) 14 (5,427) - (5,427) |
|---|---|---|
The notes form part of these financial statements
Page 3
THE DRAGON BARMOUTH LTD (REGISTERED NUMBER: 07456849)
BALANCE SHEET 31 MARCH 2025
| Notes FIXED ASSETS Tangible assets 5 CURRENT ASSETS Stocks Debtors 6 Cash at bank CREDITORS Amounts falling due within one year 7 NET CURRENT (LIABILITIES)/ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES RESERVES Income and expenditure account |
2025 £ 349 4,663 4,298 9,310 13,501 |
£ 31,012 (4,191) 26,821 26,821 26,821 |
2024 £ 312 7,500 15,021 22,833 13,338 |
£ 38,508 9,495 |
|---|---|---|---|---|
| 48,003 | ||||
| 48,003 | ||||
| 48,003 |
The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the Board of Directors and authorised for issue on 19 December 2025 and were signed on its behalf by:
P J Marshall - Director
The notes form part of these financial statements
Page 4
THE DRAGON BARMOUTH LTD
NOTES TO THE FINANCIAL STATEMENTS for the Year Ended 31 MARCH 2025
1. STATUTORY INFORMATION
The Dragon Barmouth Ltd is a private company, limited by guarantee, registered in 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. Plant and machinery etc - 20% on reducing balance and 20% on cost
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. EMPLOYEES AND DIRECTORS
The average number of employees during the year was 2 (2024 - 2).
Page 5
continued...
THE DRAGON BARMOUTH LTD
NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 MARCH 2025
4. OPERATING DEFICIT
The operating deficit is stated after charging:
Depreciation - owned assets
| 2025 | 2024 |
|---|---|
| £ | £ |
| 7,718 | 9,559 |
5. TANGIBLE FIXED ASSETS
| Freehold property Equipment £ £ COST At 1 April 2024 276 21,824 Additions - 222 At 31 March 2025 276 22,046 DEPRECIATION At 1 April 2024 - 8,424 Charge for year - 2,724 At 31 March 2025 - 11,148 NET BOOK VALUE At 31 March 2025 276 10,898 At 31 March 2024 276 13,400 |
Fixtures and Computer fittings equipment £ £ 47,234 696 - - 47,234 696 22,959 139 4,855 139 27,814 278 19,420 418 24,275 557 |
Totals £ 70,030 222 |
|---|---|---|
| 70,252 | ||
| 31,522 7,718 |
||
| 39,240 | ||
| 31,012 | ||
| 38,508 |
6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Trade debtors Other debtors CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade creditors Taxation and social security Other creditors |
2025 £ 1,900 2,763 4,663 2025 £ 1,403 1,191 10,907 13,501 |
2024 £ 4,737 2,763 7,500 2024 £ - 1,347 11,991 |
2024 £ 4,737 2,763 |
|---|---|---|---|
| 7,500 | |||
| 13,338 |
7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Page 6
THE DRAGON BARMOUTH LTD
REPORT OF THE ACCOUNTANTS TO THE DIRECTORS OF THE DRAGON BARMOUTH LTD
As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2025 set out on pages three to six and you consider that the company is exempt from an audit.
In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.
E W Owen & Co Glyndwr Buildings Glyndwr Street Dolgellau Gwynedd LL40 1BB
Date: .............................................
This page does not form part of the statutory financial statements
Page 7
THE DRAGON BARMOUTH LTD
DETAILED INCOME AND EXPENDITURE ACCOUNT for the Year Ended 31 MARCH 2025
| Turnover Events Bar Takings Room Letting Grants receivable Donations Cost of sales Opening stock Purchases Film hire Performers Drama productions Closing stock GROSS SURPLUS Other income Sundry receipts Deposit account interest Expenditure Rates and water Insurance Light and heat Wages Telephone Post and stationery Advertising Licences Travel and subsistence Repairs and renewals Cleaning and waste collection Subscriptions and fees Computer costs Accountancy Legal and professional fees Finance costs Bank charges Carried forward |
2025 £ 17,149 14,567 16,001 23,694 585 312 12,510 673 10,887 1,465 25,847 (349) 3,444 - 428 6,730 8,259 33,953 788 733 600 70 82 6,601 1,199 180 90 924 2,704 |
£ 71,996 25,498 46,498 3,444 49,942 63,341 (13,399) 64 (13,463) |
2024 £ 13,098 13,623 17,959 51,762 134 413 8,945 1,512 11,702 2,330 24,902 (312) 473 14 196 6,498 4,731 23,597 1,241 541 3,389 70 2,456 19,963 978 292 90 888 3,360 |
£ 96,576 24,590 |
|---|---|---|---|---|
| 71,986 487 |
||||
| 72,473 68,290 |
||||
| 4,183 52 |
||||
| 4,131 |
This page does not form part of the statutory financial statements
Page 8
THE DRAGON BARMOUTH LTD
DETAILED INCOME AND EXPENDITURE ACCOUNT for the Year Ended 31 MARCH 2025
| Brought forward Depreciation Equipment Fixtures and fittings Computer equipment NET DEFICIT |
2025 £ 2,725 4,855 139 |
£ (13,463) 7,719 (21,182) |
2024 £ 3,350 6,069 139 |
£ 4,131 9,558 (5,427) |
|---|---|---|---|---|
This page does not form part of the statutory financial statements
Page 9