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REGISTERED NUMBER: 03192916 (England and Wales)

















Tenby Estates Limited

Financial Statements for the Year Ended 31 December 2023






Tenby Estates Limited (Registered number: 03192916)






Contents of the Financial Statements
for the year ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Tenby Estates Limited

Company Information
for the year ended 31 December 2023







DIRECTORS: Mr S D Griffiths
Mrs R E Windsor





REGISTERED OFFICE: Ilford House
Broadwell Hayes
Tenby
Pembrokeshire
SA70 8DL





REGISTERED NUMBER: 03192916 (England and Wales)





ACCOUNTANTS: Southgates
Chartered Certified Accountants
9 Market Place
Hedon
East Yorkshire
HU12 8JA

Tenby Estates Limited (Registered number: 03192916)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,625 1,741

CURRENT ASSETS
Stocks 5 511,638 137,429
Debtors 6 81,069 74,549
Cash at bank 1,355,405 1,122,228
1,948,112 1,334,206
CREDITORS
Amounts falling due within one year 7 757,315 122,257
NET CURRENT ASSETS 1,190,797 1,211,949
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,192,422

1,213,690

CAPITAL AND RESERVES
Called up share capital 50 50
Retained earnings 1,192,372 1,213,640
SHAREHOLDERS' FUNDS 1,192,422 1,213,690

Tenby Estates Limited (Registered number: 03192916)

Balance Sheet - continued
31 December 2023


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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 April 2024 and were signed on its behalf by:





Mr S D Griffiths - Director


Tenby Estates Limited (Registered number: 03192916)

Notes to the Financial Statements
for the year ended 31 December 2023

1. STATUTORY INFORMATION

Tenby Estates 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.
Plant & equipment - 20% on cost
Motor vehicles - 25% on 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 year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

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.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 9 ) .

Tenby Estates Limited (Registered number: 03192916)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Plant & Motor
equipment vehicles Totals
£    £    £   
COST
At 1 January 2023 6,028 2,300 8,328
Additions 749 - 749
Disposals (757 ) - (757 )
At 31 December 2023 6,020 2,300 8,320
DEPRECIATION
At 1 January 2023 5,015 1,572 6,587
Charge for year 380 182 562
Eliminated on disposal (454 ) - (454 )
At 31 December 2023 4,941 1,754 6,695
NET BOOK VALUE
At 31 December 2023 1,079 546 1,625
At 31 December 2022 1,013 728 1,741

5. STOCKS
2023 2022
£    £   
Stocks 511,638 137,429

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 12,020 1,840
Other debtors 58,562 64,973
VAT 8,458 4,547
Prepayments 2,029 3,189
81,069 74,549

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 410,213 39,608
Receipts in advance 258,290 15,167
Tax 73,389 54,344
Accruals 15,423 13,138
757,315 122,257