REGISTERED NUMBER: |
St Davids Promotions Limited |
Financial Statements for the Year Ended 31 December 2023 |
REGISTERED NUMBER: |
St Davids Promotions Limited |
Financial Statements for the Year Ended 31 December 2023 |
St Davids Promotions Limited (Registered number: 03288579) |
Contents of the Financial Statements |
for the Year Ended 31 December 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
St Davids Promotions Limited |
Company Information |
for the Year Ended 31 December 2023 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
AUDITORS: |
Chartered Accountants and Statutory Auditors |
16 Wynnstay Road |
Colwyn Bay |
Conwy |
LL29 8NB |
St Davids Promotions Limited (Registered number: 03288579) |
Balance Sheet |
31 December 2023 |
31/12/23 | 31/12/22 |
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 ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
St Davids Promotions Limited (Registered number: 03288579) |
Notes to the Financial Statements |
for the Year Ended 31 December 2023 |
1. | STATUTORY INFORMATION |
St Davids Promotions Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The financial statements have been prepared on a going concern basis given the continued support of the parent company, St David's Hospice. |
Turnover |
Turnover represents the amounts received in respect of the lottery draws and sale of raffle tickets. |
Tangible fixed assets |
Fixtures and fittings | - |
Computer equipment | - |
Stocks |
Stock is valued at the lower of cost and net realisable value. Certain promotional items are written off on acquisition. |
Taxation |
As stated in the Directors' report, the principal activity of the company is that of running a lottery to generate funds for St David's Hospice, a company limited by guarantee, which is a registered charity. All profits of St David's Promotions Limited are transferred to St David's Hospice under a Deed of Covenant dated 16 December 2019 and are therefore subject to exemption from Corporation Tax. |
Deferred tax |
Deferred tax is recognised on a full provision basis. |
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 |
St Davids Promotions Limited (Registered number: 03288579) |
Notes to the Financial Statements - continued |
for the Year Ended 31 December 2023 |
4. | TANGIBLE FIXED ASSETS |
Fixtures |
and | Computer |
fittings | equipment | Totals |
£ | £ | £ |
COST |
At 1 January 2023 |
and 31 December 2023 |
DEPRECIATION |
At 1 January 2023 |
Charge for year |
At 31 December 2023 |
NET BOOK VALUE |
At 31 December 2023 |
At 31 December 2022 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31/12/23 | 31/12/22 |
£ | £ |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31/12/23 | 31/12/22 |
£ | £ |
Trade creditors |
Taxation and social security |
Other creditors |
7. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
The Report of the Auditors was unqualified. |
for and on behalf of |
8. | RELATED PARTY DISCLOSURES |
Under a deed of Covenant dated 16 December 2019 during the year, St David's Promotions Limited donated £302,636 (2022; £340,421) to St David's Hospice, the parent company and the ultimate controlling party. Balances due from St David's Promotions Limited to St David's Hospice at the year end in respect of these transactions amounted to £72,923 (2022: £97,715) |
St Davids Promotions Limited (Registered number: 03288579) |
Notes to the Financial Statements - continued |
for the Year Ended 31 December 2023 |
9. | ULTIMATE CONTROLLING PARTY |
St David's Promotions Limited is a wholly owned subsidiary of St David's Hospice, registered charity and ultimate controlling party. Copies of the group accounts can be found on the charity commission website at www.charitycommission.gov.uk. |