IRIS Accounts Production v24.3.2.46 09602295 director 28.9.23 27.9.24 27.9.24 false true false false true false Ordinary A 1.00000 Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh096022952023-09-27096022952024-09-27096022952023-09-282024-09-27096022952022-09-27096022952022-09-282023-09-27096022952023-09-2709602295ns15:EnglandWales2023-09-282024-09-2709602295ns14:PoundSterling2023-09-282024-09-2709602295ns10:Director12023-09-282024-09-2709602295ns10:PrivateLimitedCompanyLtd2023-09-282024-09-2709602295ns10:SmallEntities2023-09-282024-09-2709602295ns10:AuditExempt-NoAccountantsReport2023-09-282024-09-2709602295ns10:SmallCompaniesRegimeForDirectorsReport2023-09-282024-09-2709602295ns10:SmallCompaniesRegimeForAccounts2023-09-282024-09-2709602295ns10:FullAccounts2023-09-282024-09-2709602295ns10:OrdinaryShareClass22023-09-282024-09-2709602295ns10:OrdinaryShareClass12023-09-282024-09-2709602295ns10:RegisteredOffice2023-09-282024-09-2709602295ns5:CurrentFinancialInstruments2024-09-2709602295ns5:CurrentFinancialInstruments2023-09-2709602295ns5:Non-currentFinancialInstruments2024-09-2709602295ns5:Non-currentFinancialInstruments2023-09-2709602295ns5:ShareCapital2024-09-2709602295ns5:ShareCapital2023-09-2709602295ns5:RetainedEarningsAccumulatedLosses2024-09-2709602295ns5:RetainedEarningsAccumulatedLosses2023-09-2709602295ns5:LongLeaseholdAssetsns5:LandBuildings2023-09-282024-09-2709602295ns5:PlantMachinery2023-09-282024-09-2709602295ns5:FurnitureFittings2023-09-282024-09-2709602295ns5:ComputerEquipment2023-09-282024-09-2709602295ns5:LongLeaseholdAssetsns5:LandBuildings2023-09-2709602295ns5:PlantMachinery2023-09-2709602295ns5:FurnitureFittings2023-09-2709602295ns5:ComputerEquipment2023-09-2709602295ns5:LongLeaseholdAssetsns5:LandBuildings2024-09-2709602295ns5:PlantMachinery2024-09-2709602295ns5:FurnitureFittings2024-09-2709602295ns5:ComputerEquipment2024-09-2709602295ns5:LongLeaseholdAssetsns5:LandBuildings2023-09-2709602295ns5:PlantMachinery2023-09-2709602295ns5:FurnitureFittings2023-09-2709602295ns5:ComputerEquipment2023-09-2709602295ns5:WithinOneYearns5:CurrentFinancialInstruments2024-09-2709602295ns5:WithinOneYearns5:CurrentFinancialInstruments2023-09-2709602295ns5:WithinOneYear2024-09-2709602295ns5:WithinOneYear2023-09-2709602295ns5:DeferredTaxation2023-09-2709602295ns5:DeferredTaxation2024-09-2709602295ns10:OrdinaryShareClass22024-09-2709602295ns10:OrdinaryShareClass12024-09-27
REGISTERED NUMBER: 09602295 (England and Wales)









ST TEWDRICS HOUSE LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 27 SEPTEMBER 2024






ST TEWDRICS HOUSE LTD (REGISTERED NUMBER: 09602295)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 27 SEPTEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ST TEWDRICS HOUSE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 27 SEPTEMBER 2024







DIRECTOR: Mrs S E Thomas





REGISTERED OFFICE: Churchgate House
3 Church Road
Whitchurch
Cardiff
SOUTH GLAMORGAN
CF14 2DX





REGISTERED NUMBER: 09602295 (England and Wales)






ST TEWDRICS HOUSE LTD (REGISTERED NUMBER: 09602295)

BALANCE SHEET
27 SEPTEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 579,377 606,389

CURRENT ASSETS
Stocks 11,652 11,357
Debtors 5 157,497 158,779
Cash at bank and in hand 1,016,824 846,517
1,185,973 1,016,653
CREDITORS
Amounts falling due within one year 6 1,044,576 972,091
NET CURRENT ASSETS 141,397 44,562
TOTAL ASSETS LESS CURRENT
LIABILITIES

720,774

650,951

CREDITORS
Amounts falling due after more than one
year

7

(667,473

)

(667,473

)

PROVISIONS FOR LIABILITIES 9 (38,500 ) (38,500 )
NET ASSETS/(LIABILITIES) 14,801 (55,022 )

ST TEWDRICS HOUSE LTD (REGISTERED NUMBER: 09602295)

BALANCE SHEET - continued
27 SEPTEMBER 2024

2024 2023
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 10 606 606
Retained earnings 14,195 (55,628 )
SHAREHOLDERS' FUNDS 14,801 (55,022 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 27 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 27 September 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

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 director and authorised for issue on 7 January 2025 and were signed by:





Mrs S E Thomas - Director


ST TEWDRICS HOUSE LTD (REGISTERED NUMBER: 09602295)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 27 SEPTEMBER 2024

1. STATUTORY INFORMATION

St Tewdrics House Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Going concern
The financial statements have been prepared on a going concern basis which assumes that the company will continue in operational existence for the foreseeable future. In making their assessment, the director has reviewed the balance sheet, the likely future cashflows of the business and has considered the facilities that are available to the company along with their continued support.

At the date of approving the financial statements the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future and that the going concern basis of accounting remains appropriate. The director continues to adopt the going concern basis of accounting in preparing the financial statements.

Significant judgements and estimates
In the application of the company's accounting policies, which are described in note 2, management is required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

Turnover
Turnover represents income from weddings and events, recognised when the event has occured, and all services have been delivered. Deposits received for future events are deferred and recognised as income once the event takes place. Turnover is reported net of VAT and discounts.

ST TEWDRICS HOUSE LTD (REGISTERED NUMBER: 09602295)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 27 SEPTEMBER 2024

2. ACCOUNTING POLICIES - continued

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Long leasehold - 5% on cost
Plant and machinery - 15% on cost
Fixtures and fittings - 20% on cost
Computer equipment - 33% on cost

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of the asset, the Company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Stocks
Stocks are valued at the lower of cost and estimated selling price, less cost to complete and sell.

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.

ST TEWDRICS HOUSE LTD (REGISTERED NUMBER: 09602295)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 27 SEPTEMBER 2024

2. ACCOUNTING POLICIES - continued

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.

Provisions
Provisions are recognised when the company has an obligation at the balance sheet date as a result of a past event, it is probable that an outflow of economic benefit will be required in settlement and the amount can be reliable estimated.

Impairment
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the assets cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

Cash and cash equivalents
Cash and cash equivalents are basic financial instruments and include cash in hand and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Financial instruments
The company has elected to apply the provisions of Section 11 "Basic Financial Instruments".
Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include trade and other debtors, loans to related companies and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the financial asset is measured at the present value of the future receipts discounted at a market rate of interest.

Basic financial liabilities
Basic financial liabilities, including trade and other creditors, loans to related companies and bank loans are initially recognised at transaction price unless the arrangement constitutes a financial transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 24 (2023 - 21 ) .

ST TEWDRICS HOUSE LTD (REGISTERED NUMBER: 09602295)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 27 SEPTEMBER 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Long Plant and and Computer
leasehold machinery fittings equipment Totals
£    £    £    £    £   
COST
At 28 September 2023 690,844 84,526 282,679 19,332 1,077,381
Additions 7,871 9,610 48,302 1,560 67,343
Disposals - - (78,324 ) - (78,324 )
At 27 September 2024 698,715 94,136 252,657 20,892 1,066,400
DEPRECIATION
At 28 September 2023 238,161 58,711 156,152 17,968 470,992
Charge for year 34,739 8,968 49,466 1,182 94,355
Eliminated on disposal - - (78,324 ) - (78,324 )
At 27 September 2024 272,900 67,679 127,294 19,150 487,023
NET BOOK VALUE
At 27 September 2024 425,815 26,457 125,363 1,742 579,377
At 27 September 2023 452,683 25,815 126,527 1,364 606,389

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 8,685
Other debtors 153,997 146,594
Prepayments and accrued income 3,500 3,500
157,497 158,779

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors - 20,073
Tax 33,633 8,943
Social security and other taxes 79,359 55,991
Other creditors 1,542 1,882
Directors' current accounts 4,220 4,220
Accruals and deferred income 925,822 880,982
1,044,576 972,091

ST TEWDRICS HOUSE LTD (REGISTERED NUMBER: 09602295)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 27 SEPTEMBER 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other creditors 667,473 667,473

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 42,000 42,000

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 38,500 38,500

Deferred
tax
£   
Balance at 28 September 2023 38,500
Balance at 27 September 2024 38,500

The deferred tax provision arises from accelerated capital allowances.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
6 Ordinary A £1 6 6

Allotted and issued:
Number: Class: Nominal 2024 2023
value: £    £   
600 Ordinary £1 600 600

ST TEWDRICS HOUSE LTD (REGISTERED NUMBER: 09602295)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 27 SEPTEMBER 2024

11. TRANSACTIONS WITH DIRECTORS

As at 27 September 2024 an amount of £4,220 (2023 - £4,220) was owed by the company to the director. The amount is interest free and considered repayable on demand.

12. RELATED PARTY DISCLOSURES

During the year to 27 September 2024 an amount of £42,000 (2023 - £42,000), was paid to Mr G Thomas in respect of rent.

As at 27 September 2024 an amount of £667,473 (2023 - £667,473) was owed to Mr G Thomas and is included within creditors falling due after one year. The balance is interest free and repayable on demand.

Mr G Thomas is the spouse of the director.