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REGISTERED NUMBER: 03251218 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

ST. TEILO LIMITED

ST. TEILO LIMITED (REGISTERED NUMBER: 03251218)






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


ST. TEILO LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: Mrs E Pugh-Evans
D R Rees-Evans
R H Rees-Evans





SECRETARY: D R Rees-Evans





REGISTERED OFFICE: Penrhos Golf & Country Club
Llanrhystud
Dyfed
SY23 5AY





REGISTERED NUMBER: 03251218 (England and Wales)





ACCOUNTANTS: HB Enoch & Owen Ltd
Chartered Accountants and Chartered Tax Advisers
1 Spilman Street
Carmarthen
Carmarthenshire
SA31 1LE

ST. TEILO LIMITED (REGISTERED NUMBER: 03251218)

BALANCE SHEET
31 DECEMBER 2023

Notes £    £   
FIXED ASSETS
Tangible assets 4 9,626,953

CURRENT ASSETS
Stocks 349,260
Debtors 5 180,009
Investments 6 20,891
Cash at bank and in hand 2,578
552,738
CREDITORS
Amounts falling due within one year 7 1,178,772
NET CURRENT LIABILITIES (626,034 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

9,000,919

CREDITORS
Amounts falling due after more than one
year

8

773,073
NET ASSETS 8,227,846

CAPITAL AND RESERVES
Called up share capital 1,500,000
Revaluation reserve 9 5,783,550
Retained earnings 944,296
8,227,846

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.

ST. TEILO LIMITED (REGISTERED NUMBER: 03251218)

BALANCE SHEET - continued
31 DECEMBER 2023


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 10 June 2024 and were signed on its behalf by:





D R Rees-Evans - Director


ST. TEILO LIMITED (REGISTERED NUMBER: 03251218)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

ST. TEILO 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.

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.

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 year was 32 .

ST. TEILO LIMITED (REGISTERED NUMBER: 03251218)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2023 9,000,000 1,553,496 10,553,496
Additions - 300,669 300,669
Disposals - (32,805 ) (32,805 )
At 31 December 2023 9,000,000 1,821,360 10,821,360
DEPRECIATION
At 1 January 2023 - 995,078 995,078
Charge for year - 199,329 199,329
At 31 December 2023 - 1,194,407 1,194,407
NET BOOK VALUE
At 31 December 2023 9,000,000 626,953 9,626,953
At 31 December 2022 9,000,000 558,418 9,558,418

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 151,529
Other debtors 28,480
180,009

6. CURRENT ASSET INVESTMENTS
£   
Unlisted investments 20,891

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Bank loans and overdrafts 160,123
Trade creditors 681,948
Taxation and social security 44,309
Other creditors 292,392
1,178,772

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
£   
Hire purchase contracts 262,561
Other creditors 510,512
773,073

ST. TEILO LIMITED (REGISTERED NUMBER: 03251218)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

9. RESERVES
Revaluation
reserve
£   
At 1 January 2023
and 31 December 2023 5,783,550