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REGISTERED NUMBER: 04911799 (England and Wales)












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: D I Ramsden
C J Collins
Mrs S J Rivers Bulkeley
The Hon. Mrs Adam Bruce
P R Mycroft
Mrs C E Burgess
J H Williams
Mrs L Muller


SECRETARY:


REGISTERED OFFICE: Pembroke Castle
Pembroke
Pembrokeshire
SA71 4LA


REGISTERED NUMBER: 04911799 (England and Wales)


ACCOUNTANTS: Bevan Buckland LLP
Chartered Accountants
Castle Chambers
6 Westgate Hill
Pembroke
Pembrokeshire
SA71 4LB


BANKERS: Natwest Bank PLC
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 8,779 1,428

CURRENT ASSETS
Stocks 88,780 40,900
Debtors 5 6,840 -
Cash at bank and in hand 139,149 243,321
234,769 284,221
CREDITORS
Amounts falling due within one year 6 277,898 268,797
NET CURRENT (LIABILITIES)/ASSETS (43,129 ) 15,424
TOTAL ASSETS LESS CURRENT
LIABILITIES

(34,350

)

16,852

CREDITORS
Amounts falling due after more than one
year

7

24,061

36,049
NET LIABILITIES (58,411 ) (19,197 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (58,412 ) (19,198 )
SHAREHOLDERS' FUNDS (58,411 ) (19,197 )

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 January 2023 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 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 Board of Directors and authorised for issue on 21 October 2023 and were signed on its behalf by:




C J Collins - Director



The Hon. Mrs Adam Bruce - Director


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 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.

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.
Equipment - 20% reducing balance

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 24 (2021 - 19 ) .

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 3,875
Additions 10,271
At 31 January 2023 14,146
DEPRECIATION
At 1 November 2021 2,447
Charge for period 2,920
At 31 January 2023 5,367
NET BOOK VALUE
At 31 January 2023 8,779
At 31 October 2021 1,428

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2021
£    £   
Trade debtors 6,840 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2021
£    £   
Bank loans and overdrafts 10,648 10,648
Trade creditors 4,295 14,568
Taxation and social security 5,709 14,032
Other creditors 257,246 229,549
277,898 268,797

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2021
£    £   
Bank loans 24,061 36,049

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