Registration number: 11320571

St Sidwell's Trading Company Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 7

St Sidwell's Trading Company Limited

Company Information

Directors

G Aykroyd K Bell M Gardner G S Lee A Lucas Dr C A J McLauchlan Dr C Plender

Company secretary

K Bell

Registered office

St Sidwell's Centre Sidwell Street Exeter Devon EX4 6NN

Accountants

Wortham Jaques Limited Chartered Accountants and Business Advisors130a High Street, Crediton, Devon EX17 3LQ

St Sidwell's Trading Company Limited

(Registration number: 11320571)
Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	5,183	777
Current assets
Debtors	5	5,812	7,814
Cash at bank and in hand		24,978	50,635
		30,790	58,449
Creditors: Amounts falling due within one year	6	(32,743)	(59,303)
Net current liabilities		(1,953)	(854)
Net assets/(liabilities)		3,230	(77)
Capital and reserves
Called up share capital		6,000	1
Retained earnings		(2,770)	(78)
Shareholders' funds/(deficit)		3,230	(77)

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 28 September 2025 and signed on its behalf by:
 

......................................... K Bell Company secretary and director

St Sidwell's Trading Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
St Sidwell's Centre
Sidwell Street
Exeter
Devon
EX4 6NN

These financial statements were authorised for issue by the Board on 28 September 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

St Sidwell's Trading Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and machinery	25% straight line basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 7 (2024 - 4).

St Sidwell's Trading Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

4	Tangible assets

	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 1 April 2024	3,109	3,109
Additions	7,527	7,527
At 31 March 2025	10,636	10,636
Depreciation
At 1 April 2024	2,332	2,332
Charge for the year	3,121	3,121
At 31 March 2025	5,453	5,453
Carrying amount
At 31 March 2025	5,183	5,183
At 31 March 2024	777	777

5

Debtors

Current	2025 £	2024 £
Trade debtors	5,076	7,814
Other debtors	736	-
	5,812	7,814

St Sidwell's Trading Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

6

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Trade creditors		522	-
Amounts owed to group undertakings and undertakings in which the company has a participating interest	8	28,984	57,486
Accruals and deferred income		3,237	1,817
		32,743	59,303

7

Dividends

		2025		2024
		£		£
Final dividend of £Nil (2024 - £7,094.00) per ordinary share		-		7,094

8	Related party transactions

Summary of transactions with parent

St Sidwells Centre Exeter There is a recharge of costs incurred on behalf of the subsidiary company which are sometimes paid for by the parent. All other transactions between the parent and subsidiary are concluded under normal market conditions.

The balance outstanding is repayable to the parent within 12 months.

At the balance sheet date the amount due from St Sidwell's Trading Company Limited was £28,984 (2024 - £57,486).

During the year to support the Trading Company, the Charity increased the value of its investment from a £1 share to £6,000 in paid up shares.

Loans from related parties

2025	Parent £	Total £
At start of period	57,486	57,486
Advanced	100,007	100,007
Repaid	(128,509)	(128,509)
At end of period	28,984	28,984

St Sidwell's Trading Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

2024	Parent £	Total £
At start of period	56,840	56,840
Advanced	57,486	57,486
Repaid	(56,840)	(56,840)
At end of period	57,486	57,486

9	Parent and ultimate parent undertaking

The company's immediate parent is St Sidwell's Centre Exeter, incorporated in England and Wales.

  These financial statements are available upon request from St Sidwell's Centre, Sidwell Street, Exeter, EX4 6NN