2024-03-012025-02-282025-02-28false03793497The Arcade (Llandysul) 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The Arcade (Llandysul) Limited

Registered Number
03793497
(England and Wales)

Unaudited Financial Statements for the Year ended
28 February 2025

The Arcade (Llandysul) Limited
Company Information
for the year from 1 March 2024 to 28 February 2025

Directors

Catherine Janice Davies
Jayne Margaret Ludgate
Mark Joseph Ludgate

Registered Address

The Arcade
High Street
Llandysul
SA44 4DJ

Registered Number

03793497 (England and Wales)
The Arcade (Llandysul) Limited
Balance Sheet as at
28 February 2025

Notes

2025

2024

£

£

£

£

Fixed assets
Tangible assets41,368,8541,369,886
1,368,8541,369,886
Current assets
Stocks1,601,9881,512,550
Debtors5117,596296,602
Cash at bank and on hand755,280823,010
2,474,8642,632,162
Creditors amounts falling due within one year6(243,345)(470,397)
Net current assets (liabilities)2,231,5192,161,765
Total assets less current liabilities3,600,3733,531,651
Creditors amounts falling due after one year7(135,377)(148,088)
Provisions for liabilities(35,575)(42,920)
Net assets3,429,4213,340,643
Capital and reserves
Called up share capital2,0022,002
Other reserves11
Profit and loss account3,427,4183,338,640
Shareholders' funds3,429,4213,340,643
The financial statements were approved and authorised for issue by the Board of Directors on 16 June 2025, and are signed on its behalf by:
Jayne Margaret Ludgate
Director
Registered Company No. 03793497
The Arcade (Llandysul) Limited
Notes to the Financial Statements
for the year ended 28 February 2025

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Interest income
Interest income is recognised using the effective interest rate method.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Intangible assets
Goodwill arising in connection with the acquisition of businesses was capitalised and has been amortised over its estimated economic life to a maximum of 20 years Goodwill is reviewed annually for impairment if events or changes in circumstances indicate that the carrying value may not be recoverable.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Land and buildings2
Plant and machinery15
Vehicles25
Finance leases and hire purchase contracts
Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.
Stocks and work in progress
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
2.Average number of employees

20252024
Average number of employees during the year1414
3.Intangible assets

Total

£
Cost or valuation
At 01 March 2413,000
At 28 February 2513,000
Amortisation and impairment
At 01 March 2413,000
At 28 February 2513,000
Net book value
At 28 February 25-
At 29 February 24-
4.Tangible fixed assets

Total

£
Cost or valuation
At 01 March 241,800,002
Additions56,925
At 28 February 251,856,927
Depreciation and impairment
At 01 March 24430,117
Charge for year57,956
At 28 February 25488,072
Net book value
At 28 February 251,368,854
At 29 February 241,369,886
5.Debtors: amounts due within one year

2025

2024

££
Trade debtors / trade receivables108,397199,558
Prepayments and accrued income9,19997,044
Total117,596296,602
6.Creditors: amounts due within one year

2025

2024

££
Trade creditors / trade payables120,367185,852
Bank borrowings and overdrafts18,76718,122
Taxation and social security85,717108,087
Other creditors12,882142,669
Accrued liabilities and deferred income5,61215,667
Total243,345470,397
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
7.Creditors: amounts due after one year

2025

2024

££
Bank borrowings and overdrafts2,50012,500
Other creditors132,877135,588
Total135,377148,088
8.Directors advances, credits and guarantees
The directors' have lent money to the company. The company owed them £12,883 (2024 - £142,668).