REGISTERED NUMBER: |
PEMBROKE CASTLE SHOP LIMITED |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD |
1 NOVEMBER 2021 TO 31 JANUARY 2023 |
REGISTERED NUMBER: |
PEMBROKE CASTLE SHOP LIMITED |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD |
1 NOVEMBER 2021 TO 31 JANUARY 2023 |
PEMBROKE CASTLE SHOP LIMITED (REGISTERED NUMBER: 04911799) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 1 NOVEMBER 2021 TO 31 JANUARY 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
PEMBROKE CASTLE SHOP LIMITED |
COMPANY INFORMATION |
FOR THE PERIOD 1 NOVEMBER 2021 TO 31 JANUARY 2023 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
Castle Chambers |
6 Westgate Hill |
Pembroke |
Pembrokeshire |
SA71 4LB |
BANKERS: |
18 High Street |
Haverfordwest |
Pembrokeshire |
SA61 2DE |
PEMBROKE CASTLE SHOP LIMITED (REGISTERED NUMBER: 04911799) |
BALANCE SHEET |
31 JANUARY 2023 |
2023 | 2021 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Stocks |
Debtors | 5 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT (LIABILITIES)/ASSETS | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
CREDITORS |
Amounts falling due after more than one year |
7 |
NET LIABILITIES | ( |
) | ( |
) |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
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. |
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 and authorised for issue on |
PEMBROKE CASTLE SHOP LIMITED (REGISTERED NUMBER: 04911799) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 1 NOVEMBER 2021 TO 31 JANUARY 2023 |
1. | STATUTORY INFORMATION |
Pembroke Castle Shop Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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 |
Equipment | - |
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 period 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 period 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. |
Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
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 period was |
PEMBROKE CASTLE SHOP LIMITED (REGISTERED NUMBER: 04911799) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 1 NOVEMBER 2021 TO 31 JANUARY 2023 |
4. | TANGIBLE FIXED ASSETS |
Equipment |
£ |
COST |
At 1 November 2021 |
Additions |
At 31 January 2023 |
DEPRECIATION |
At 1 November 2021 |
Charge for period |
At 31 January 2023 |
NET BOOK VALUE |
At 31 January 2023 |
At 31 October 2021 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2021 |
£ | £ |
Trade debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2021 |
£ | £ |
Bank loans and overdrafts |
Trade creditors |
Taxation and social security |
Other creditors |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2023 | 2021 |
£ | £ |
Bank loans |
8. | RELATED PARTY DISCLOSURES |
The directors have decided to donate £NIL (2021 £NIL) to Pembroke Castle Trust under gift aid rules. This amount is included in accruals and will be paid within 9 months of the year end. |
During the year related party transaction arose in the form of a salary of £NIL (2021 £717.25) to an employed seasonal worker who is a son of a trustee. The transactions were at arms length and on normal commercial terms. No amounts were outstanding at the year end. |
Other creditors includes a loan outstanding from Pembroke Castle Trust of £213,596 (2021 £202,275) this relates to expenses paid by the Trust on the company's behalf. |
9. | ULTIMATE CONTROLLING PARTY |
During the period under review the company was controlled by Pembroke Castle Trust, by virtue of their 100% holding of the issued share capital. |
PEMBROKE CASTLE SHOP LIMITED (REGISTERED NUMBER: 04911799) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 1 NOVEMBER 2021 TO 31 JANUARY 2023 |
10. | GRANT INCOME |
During the year the trust received the following grants in relation to the Covid 19 pandemic. |
31st Jan 2023 |
2021 |
£ | £ |
HM Revenue & Customs - CJRS | - | 56,954 |
Welsh Government Business Grant | - | - |
- | 56,954 |