Company registration number 14729536 (England and Wales)
CAWDOR ARMS PROPERTY LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
PAGES FOR FILING WITH REGISTRAR
CAWDOR ARMS PROPERTY LTD
CONTENTS
Page
Statement of financial position
1
Notes to the financial statements
2 - 3
CAWDOR ARMS PROPERTY LTD
STATEMENT OF FINANCIAL POSITION
AS AT
30 SEPTEMBER 2024
30 September 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
978,618
978,618
Current assets
Debtors
100
Creditors: amounts falling due within one year
(867,359)
(941,348)
Net current liabilities
(867,259)
(941,348)
Net assets
111,359
37,270
Capital and reserves
Called up share capital
4
100
100
Profit and loss reserves
111,259
37,170
Total equity
111,359
37,270
For the financial year ended 30 September 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 in question in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These 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, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).
The directors of the company have elected not to include a copy of the income statement within the financial statements.true
The financial statements were approved by the board of directors and authorised for issue on 26 June 2025 and are signed on its behalf by:
Mrs L C G Morgan
Director
Company registration number 14729536 (England and Wales)
CAWDOR ARMS PROPERTY LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 2 -
1
Accounting policies
Company information
Cawdor Arms Property Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 72, Rhosmaen Street, Llandeilo, Wales, SA19 6EN.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Going concern
Atruet the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.
1.3
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asseet over its estimated useful life.
Freehold land and buildings
Nil
1.4
Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
2
2
CAWDOR ARMS PROPERTY LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 3 -
3
Tangible fixed assets
Total
£
Cost
At 1 October 2023 and 30 September 2024
978,618
Depreciation and impairment
At 1 October 2023 and 30 September 2024
Carrying amount
At 30 September 2024
978,618
At 30 September 2023
978,618
No depreciation is provided on freehold property as, in the view of the directors, the property maintains its value from year to year.
4
Called up share capital
2024
2023
Ordinary share capital
£
£
Issued and fully paid
Ordinary shares of £1 each
100
100
5
Related party transactions
OTH Limited
Parent company
In a previous period, the related party loaned the company funds as working capital. During the period, the company repaid the related party various sums. The amount due to the related party at year end was £841,640 (2023: £867,908). The amount is unsecured, interest-free and repayable on demand.
Cawdor Arms Limited
Fellow subsidiary company
In a previous period, the related party loaned the company funds for working capital. During the period, the company repaid this amount in full and loaned funds to the related party. The amount due from the related party at year end was £100 (2023 amount due to related party: £60,622). The amount is unsecured, interest-free and repayable on demand.