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REGISTERED NUMBER: 03288579 (England and Wales)















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: Ms J Leslie
Dr L Miles
Mr D W Williams
Mr D W Hardy
Mr D R M Thomas





REGISTERED OFFICE: St David's Hospice
Abbey Road
Llandudno
Conwy
LL30 2EN





REGISTERED NUMBER: 03288579 (England and Wales)





AUDITORS: Pritchett & Co Business Advisers Limited
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 4 348 4,651

CURRENT ASSETS
Stocks 477 776
Debtors 5 3,631 3,178
Cash at bank and in hand 157,691 177,663
161,799 181,617
CREDITORS
Amounts falling due within one year 6 156,866 180,984
NET CURRENT ASSETS 4,933 633
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,281

5,284

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 5,277 5,280
5,281 5,284

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 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 24 September 2024 and were signed on its behalf by:





Mr D W Hardy - Director


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 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.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance
Computer equipment - 25% on cost

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 5 (2022 - 6 ) .

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 3,477 25,081 28,558
DEPRECIATION
At 1 January 2023 3,051 20,856 23,907
Charge for year 78 4,225 4,303
At 31 December 2023 3,129 25,081 28,210
NET BOOK VALUE
At 31 December 2023 348 - 348
At 31 December 2022 426 4,225 4,651

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 31/12/22
£    £   
Other debtors 3,631 3,178

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 31/12/22
£    £   
Trade creditors 79,337 80,736
Taxation and social security 572 1,039
Other creditors 76,957 99,209
156,866 180,984

7. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Robert Kenwell (Senior Statutory Auditor)
for and on behalf of Pritchett & Co Business Advisers Limited

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.