2023-04-01 04203237 2024-03-31 04203237 2023-04-01 2024-03-31 04203237 2023-03-31 04203237 2022-04-01 2023-03-31 04203237 uk-core:WithinOneYear 2023-03-31 04203237 uk-core:WithinOneYear 2024-03-31 04203237 uk-core:ShareCapital 2024-03-31 04203237 uk-core:ShareCapital 2023-03-31 04203237 uk-core:RetainedEarningsAccumulatedLosses 2024-03-31 04203237 uk-core:RetainedEarningsAccumulatedLosses 2023-03-31 04203237 uk-bus:Director1 2023-04-01 2024-03-31 04203237 uk-core:InvestmentPropertyIncludedWithinPPE 2023-04-01 2024-03-31 04203237 uk-core:PlantMachinery 2023-04-01 2024-03-31 04203237 uk-core:PlantMachinery 2023-03-31 04203237 uk-core:InvestmentPropertyIncludedWithinPPE 2023-03-31 04203237 uk-core:InvestmentPropertyIncludedWithinPPE 2024-03-31 04203237 uk-core:PlantMachinery 2024-03-31 04203237 uk-core:AdditionsToInvestments 2024-03-31 04203237 uk-core:AdditionsToInvestments uk-core:Non-currentFinancialInstruments 2024-03-31 04203237 uk-core:CostValuation uk-core:Non-currentFinancialInstruments 2024-03-31 04203237 uk-core:CostValuation 2024-03-31 04203237 uk-core:Non-currentFinancialInstruments 2024-03-31 iso4217:GBP xbrli:pure 04203237 uk-bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 04203237 uk-bus:FRS102 2023-04-01 2024-03-31 04203237 uk-bus:FilletedAccounts 2023-04-01 2024-03-31 04203237 uk-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31
St Faiths (Torquay) Limited
Registered Number:04203237
For the year ended 31 March 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 31 March 2024
St Faiths (Torquay) Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
04203237
As at 31 March 2024
St Faiths (Torquay) Limited
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
230,931
231,032
2
Financial assets
160,600
201,074
3
432,005
391,632
Current assets
Trade and other receivables
-
3,651
4
34,759
Cash and cash equivalents
14,419
18,070
34,759
Trade and other payables: amounts falling due within one
year
(36,192)
(46,034)
5
(1,433)
(27,964)
Net current liabilities
Total assets less current liabilities
404,041
390,199
404,041
Net assets
390,199
Capital and reserves
Called up share capital
2
2
Retained earnings
404,039
390,197
404,041
390,199
Shareholders' funds
For the year ended 31 March 2024 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
C S Bettesworth Director
These financial statements were approved and authorised for issue by the Board on 02 October 2024 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 March 2024
St Faiths (Torquay) Limited
Notes to the Financial Statements
Statutory Information
St Faiths (Torquay) Limited is a private limited company, limited by shares, domiciled in England and Wales,
registration number 04203237.
Registered address:
St Faiths
426 Babbacombe Road
Torquay
Devon
TQ1 2QD
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover represents rents receivable.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Land and buildings
0% Straight line
Plant and machinery
25% Reducing balance
Investment property
Investment properties are included in the balance sheet at their open market value at the balance sheet date. The resulting aggregate surplus or deficit is transferred to a revaluation reserve. Depreciation is provided only on those investment properties which are leasehold and where the unexpired lease term is less than 20 years. Although this accounting policy is in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015), it is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be depreciated. In the opinion of the directors compliance with the standard is necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount of this which might otherwise have been charged cannot be separately identified or quantified.
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5
For the year ended 31 March 2024
St Faiths (Torquay) Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Plant and
machinery
Land and
buildings
£
£
£
Cost or
valuation
At 01 April 2023
234,077
3,450
230,627
At 31 March 2024
230,627
3,450
234,077
Provision for depreciation and impairment
At 01 April 2023
3,045
3,045
-
Charge for year
101
101
-
At 31 March 2024
3,146
3,146
-
At 31 March 2024
Net book value
230,627
304
230,931
At 31 March 2023
230,627
405
231,032
3. Investments held as fixed assets
Other investments
Total
Cost
£
£
201,074
201,074
Additions
At 31 March 2024
201,074
201,074
At 31 March 2024
Net book value
201,074
201,074
4. Trade and other receivables
2023
2024
£
£
Trade debtors
3,651
-
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6
For the year ended 31 March 2024
St Faiths (Torquay) Limited
Notes to the Financial Statements Continued
5. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Taxation and social security
3,271
3,503
Other creditors
42,763
32,689
46,034
36,192
6. Related party transactions
C S BettesworthThe company was under the control of (Controlling Party) during this year.
7. Average number of persons employed
During the year the average number of employees was 2 (2023 : 2)
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