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