2022-03-012023-02-282023-02-28false10014389THE SQUARE ROYALE 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THE SQUARE ROYALE LIMITED

Registered Number
10014389
(England and Wales)

Unaudited Financial Statements for the Year ended
28 February 2023

THE SQUARE ROYALE LIMITED
Company Information
for the year from 1 March 2022 to 28 February 2023

Directors

SORRELL, Adele Claire
SORRELL, Russell David

Registered Address

The Square Royale Unit A Bank Chambers
25 High Street
Bargoed
CF81 8RA

Registered Number

10014389 (England and Wales)
THE SQUARE ROYALE LIMITED
Balance Sheet as at
28 February 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets520,97827,729
20,97827,729
Current assets
Debtors638,60742,255
Cash at bank and on hand226,487145,770
265,094188,025
Creditors amounts falling due within one year7(115,711)(100,910)
Net current assets (liabilities)149,38387,115
Total assets less current liabilities170,361114,844
Net assets170,361114,844
Capital and reserves
Called up share capital(2)(2)
Profit and loss account170,363114,846
Shareholders' funds170,361114,844
The financial statements were approved and authorised for issue by the Board of Directors on 21 October 2023, and are signed on its behalf by:
SORRELL, Adele Claire
Director
SORRELL, Russell David
Director

Registered Company No. 10014389
THE SQUARE ROYALE LIMITED
Notes to the Financial Statements
for the year ended 28 February 2023

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Accounting policies
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows: on a straight line basis throughout the estimated useful life on the assets.
Revenue recognition policy
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Foreign currency translation and operations policy
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Employee benefits policy
Contributions to defined contribution plans are expensed in the period to which they relate.
4.Employee information

20232022
Average number of employees during the year00
5.Property, plant and equipment

Plant & machinery

Fixtures & fittings

Office Equipment

Total

££££
Cost or valuation
At 01 March 2213,48243,7941557,291
Additions-12-12
Disposals(1,656)--(1,656)
At 28 February 2311,82643,8061555,647
Depreciation and impairment
At 01 March 22-29,562-29,562
Charge for year-5,107-5,107
At 28 February 23-34,669-34,669
Net book value
At 28 February 2311,8269,1371520,978
At 28 February 2213,48214,2321527,729
6.Debtors

2023

2022

££
Trade debtors / trade receivables35,11326,236
Other debtors3,49416,019
Total38,60742,255
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
7.Creditors within one year

2023

2022

££
Trade creditors / trade payables89,23086,999
Bank borrowings and overdrafts-64
Taxation and social security14,5042,687
Other creditors11,977-
Accrued liabilities and deferred income-11,160
Total115,711100,910
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
8.Creditors after one year