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REGISTERED NUMBER: 02560049 (England and Wales)















ST DAVIDS (CARE IN THE COMMUNITY)
LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024






ST DAVIDS (CARE IN THE COMMUNITY)
LIMITED (REGISTERED NUMBER: 02560049)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


ST DAVIDS (CARE IN THE COMMUNITY)
LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mrs L D M Hall MBE
D Hutson
D Cody



SECRETARY: Mrs L D M Hall MBE



REGISTERED OFFICE: Fairfield
St Davids Road
St Davids
Haverfordwest
Pembrokeshire
SA62 6QH



REGISTERED NUMBER: 02560049 (England and Wales)



ACCOUNTANTS: Bevan Buckland LLP
Chartered Accountants
45 High Street
Haverfordwest
Pembrokeshire
SA61 2BP



SOLICITORS: Edwards Geldard
Dumfries House
Dumfries Place
Cardiff
CF1 4YF

ST DAVIDS (CARE IN THE COMMUNITY)
LIMITED (REGISTERED NUMBER: 02560049)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 907,000 953,067

CURRENT ASSETS
Stocks 4,600 4,600
Debtors 5 18,053 19,612
Cash at bank and in hand 278,171 138,500
300,824 162,712
CREDITORS
Amounts falling due within one year 6 84,138 44,822
NET CURRENT ASSETS 216,686 117,890
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,123,686

1,070,957

CREDITORS
Amounts falling due after more than one
year

7

(186,109

)

(204,840

)

PROVISIONS FOR LIABILITIES (23,543 ) (39,107 )

ACCRUALS AND DEFERRED INCOME (5,423 ) (6,026 )
NET ASSETS 908,611 820,984

CAPITAL AND RESERVES
Called up share capital 14,100 14,100
Revaluation reserve 8 242,247 242,247
Retained earnings 652,264 564,637
SHAREHOLDERS' FUNDS 908,611 820,984

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

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 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 DAVIDS (CARE IN THE COMMUNITY)
LIMITED (REGISTERED NUMBER: 02560049)

STATEMENT OF FINANCIAL POSITION - continued
31 MARCH 2024


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 30 September 2024 and were signed on its behalf by:




Mrs L D M Hall MBE - Director D Cody - Director




D Hutson - Director


ST DAVIDS (CARE IN THE COMMUNITY)
LIMITED (REGISTERED NUMBER: 02560049)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

St Davids (Care in the Community) 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.
Freehold property - in accordance with the property lease
Improvements to property - 2% straight line
Fixtures and fittings - 10% reducing balance
Motor vehicles - 25% reducing balance
Computer equipment - 25% on cost

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

ST DAVIDS (CARE IN THE COMMUNITY)
LIMITED (REGISTERED NUMBER: 02560049)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 32 (2023 - 30 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
Freehold to and
property property fittings
£    £    £   
COST
At 1 April 2023 1,536,699 25,491 909,283
Additions - - 2,252
At 31 March 2024 1,536,699 25,491 911,535
DEPRECIATION
At 1 April 2023 760,424 510 763,305
Charge for year 37,566 510 14,828
At 31 March 2024 797,990 1,020 778,133
NET BOOK VALUE
At 31 March 2024 738,709 24,471 133,402
At 31 March 2023 776,275 24,981 145,978

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2023 30,180 25,886 2,527,539
Additions 8,750 - 11,002
At 31 March 2024 38,930 25,886 2,538,541
DEPRECIATION
At 1 April 2023 25,518 24,715 1,574,472
Charge for year 3,354 811 57,069
At 31 March 2024 28,872 25,526 1,631,541
NET BOOK VALUE
At 31 March 2024 10,058 360 907,000
At 31 March 2023 4,662 1,171 953,067

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 18,053 19,612

ST DAVIDS (CARE IN THE COMMUNITY)
LIMITED (REGISTERED NUMBER: 02560049)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 24,870 24,021
Trade creditors 3,833 15,240
Taxation and social security 48,678 -
Other creditors 6,757 5,561
84,138 44,822

The bank loans are secured by legal charges over the company's freehold properties.

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 71,659 90,390
Other creditors 114,450 114,450
186,109 204,840

8. RESERVES
Revaluation
reserve
£   
At 1 April 2023
and 31 March 2024 242,247

ST DAVIDS (CARE IN THE COMMUNITY)
LIMITED (REGISTERED NUMBER: 02560049)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

9. RELATED PARTY DISCLOSURES

During the year, the director made funds available to the company to assist with the provision of working capital. The loan was interest free, unsecured and repayable on demand. The amount outstanding at the balance sheet date was £3,607 (2023 £2,411).

St Davids (Care in the Community) Ltd is supported by a charity, St Davids (Care in the Community) Trust. The directors are Trustees on the board of St Davids (Care in the Community) Trust. In the year ended 31 March 2024 a donation of £nil (2023 £nil) was made into the Trust and £nil (2023 £nil) received from the Trust.

In the year ended 31 March 1995 a grant was made to St Davids (Care in the Community) Limited of £65,000 by the Trust for the purposes of purchasing a property, Anghorfa Dawel, to house and retrain mentally handicapped young people. The property is held on trust for the charitable purposes of St Davids Care in the Community Trust. In the event of the winding up of St Davids (Care in the Community) Limited the £65,000 must be repaid to the Trust. Details of transactions with the Trust are as follows:

St Davids Care in the Community Trust
£
Donations from Trust into Company -

Donations from Company into Trust -

Debtors -

Creditors 114,450