REGISTERED NUMBER: 03288579 (England and Wales)

St Davids Promotions Limited

Financial Statements for the Year Ended 31 December 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Ms J Leslie

Mr D W Williams

Mr D W Hardy

Mr D R M Thomas

REGISTERED OFFICE:

St David's Hospice

Abbey Road

Llandudno

Conwy

LL30 2EN

REGISTERED NUMBER:

03288579 (England and Wales)

AUDITORS:

Pritchett & Co Business Advisers Limited

Chartered Accountants and Statutory Auditors

16 Wynnstay Road

Colwyn Bay

Conwy

LL29 8NB

FIXED ASSETS

Tangible assets

4

1,651

348

CURRENT ASSETS

Stocks

-

477

Debtors

5

3,493

3,631

Cash at bank and in hand

147,396

157,691

150,889

161,799

CREDITORS

Amounts falling due within one year

6

147,256

156,866

NET CURRENT ASSETS

3,633

4,933

TOTAL ASSETS LESS CURRENT LIABILITIES

5,284

5,281

CAPITAL AND RESERVES

Called up share capital

4

4

Retained earnings

5,280

5,277

5,284

5,281

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 September 2025 and were signed on its behalf by:

Mr D W Hardy - Director

1.	STATUTORY INFORMATION

St Davids Promotions 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.

The financial statements have been prepared on a going concern basis given the continued support of the parent company, St David's Hospice.

Turnover

Turnover represents the amounts received in respect of the lottery draws and sale of raffle tickets.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

20% on reducing balance

Computer equipment

-

25% on cost

Stocks

Stock is valued at the lower of cost and net realisable value. Certain promotional items are written off on acquisition.

Taxation

As stated in the Directors' report, the principal activity of the company is that of running a lottery to generate funds for St David's Hospice, a company limited by guarantee, which is a registered charity. All profits of St David's Promotions Limited are transferred to St David's Hospice under a Deed of Covenant dated 16 December 2019 and are therefore subject to exemption from Corporation Tax.

Deferred tax

Deferred tax is recognised on a full provision basis.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 January 2024

3,477

25,081

28,558

Additions

-

1,511

1,511

At 31 December 2024

3,477

26,592

30,069

DEPRECIATION

At 1 January 2024

3,129

25,081

28,210

Charge for year

63

145

208

At 31 December 2024

3,192

25,226

28,418

NET BOOK VALUE

At 31 December 2024

285

1,366

1,651

At 31 December 2023

348

-

348

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/24

31/12/23

£

£

Other debtors

3,493

3,631

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/24

31/12/23

£

£

Trade creditors

68,382

79,337

Taxation and social security

698

572

Other creditors

78,176

76,957

147,256

156,866

7.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Andrew Morris (Senior Statutory Auditor)

for and on behalf of Pritchett & Co Business Advisers Limited

8.	RELATED PARTY DISCLOSURES

Under a deed of Covenant dated 16 December 2019 during the year, St David's Promotions Limited donated £343,323 (2023; £302,636) to St David's Hospice, the parent company and the ultimate controlling party. Balances due from St David's Promotions Limited to St David's Hospice at the year end in respect of these transactions amounted to £75,815 (2023: £72,923)

9.	ULTIMATE CONTROLLING PARTY

St David's Promotions Limited is a wholly owned subsidiary of St David's Hospice, registered charity and ultimate controlling party. Copies of the group accounts can be found on the charity commission website at www.charitycommission.gov.uk.