REGISTERED NUMBER: 07666045 (England and Wales)

COUNTRY WEDDINGS (CARDIFF) LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J Williams

J S Williams

A P Williams

REGISTERED OFFICE:

Pencoed House

Llantrisant Road

Capel Llanilltern

CARDIFF

County of Cardiff

CF5 6JR

REGISTERED NUMBER:

07666045 (England and Wales)

ACCOUNTANTS:

MHA (trading name of MHA Advisory Ltd)

Elfed House

Oak Tree Court

Cardiff Gate Business Park

CARDIFF

County of Cardiff

CF23 8RS

FIXED ASSETS

Intangible assets

4

33,333

58,333

Tangible assets

5

3,684,103

3,856,393

Investments

6

258,000

44,756

3,975,436

3,959,482

CURRENT ASSETS

Stocks

42,704

47,453

Debtors

7

286,813

206,922

Cash at bank and in hand

3,435

6,692

332,952

261,067

CREDITORS

Amounts falling due within one year

8

(1,019,271

)

(1,091,904

)

NET CURRENT LIABILITIES

(686,319

)

(830,837

)

TOTAL ASSETS LESS CURRENT LIABILITIES

3,289,117

3,128,645

CREDITORS

Amounts falling due after more than one year

9

(2,315,602

)

(2,328,586

)

PROVISIONS FOR LIABILITIES

(76,145

)

(36,646

)

NET ASSETS

897,370

763,413

CAPITAL AND RESERVES

Called up share capital

11

1,003

1,003

Revaluation reserve

12

159,933

-

Retained earnings

736,434

762,410

SHAREHOLDERS' FUNDS

897,370

763,413

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 September 2025 and were signed on its behalf by:

J Williams - Director

1.	STATUTORY INFORMATION

Country Weddings (Cardiff) 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 company's functional and presentational currency in the financial statements is the Sterling (£), rounded to the nearest pound.

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

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 as modified by the revaluation of certain assets.

There have been no material departures from Financial Reporting Standard 102 1A.

Going concern

At 31 December 2024 the company had net current liabilities of £670,319. The going concern basis is considered appropriate for the preparation of the financial statements as the director anticipates that the company will return to profitability in the near future.

Turnover

Turnover represents amounts invoiced in respect of the supply of wedding function and wedding planning services during the year excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

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

Plant and machinery

-

20 % straight line

Fixtures and fittings

-

10 - 20 % straight line

Motor vehicles

-

15 - 33 % straight line

Improvements to property

-

10 % straight line

No depreciation has been provided on the freehold property as it is maintained to such a high standard that the director considers the residual value of the property to be at least equal to its cost.

FIXED ASSET INVESTMENTS

Fixed asset investments are valued at cost less impairment.

Stocks

Stocks have been valued at the lower of cost and estimated selling price less costs to sell.

Current tax

Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the year and is calculated using the tax rates and laws that have been enacted or substantively enacted at 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.

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.

Non derivative financial instruments

Basic financial instruments are recognised at amortised cost.

Employee benefits

When employees have rendered service to the company, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 23 (2023 - 30 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

250,000

AMORTISATION

At 1 January 2024

191,667

Charge for year

25,000

At 31 December 2024

216,667

NET BOOK VALUE

At 31 December 2024

33,333

At 31 December 2023

58,333

5.	TANGIBLE FIXED ASSETS

Improvements

Land and

to

Plant and

Property

property

machinery

£

£

£

COST

At 1 January 2024

3,110,449

809,425

79,104

Additions

-

-

400

Disposals

-

-

-

At 31 December 2024

3,110,449

809,425

79,504

DEPRECIATION

At 1 January 2024

-

300,039

56,722

Charge for year

-

66,450

6,593

Eliminated on disposal

-

-

-

At 31 December 2024

-

366,489

63,315

NET BOOK VALUE

At 31 December 2024

3,110,449

442,936

16,189

At 31 December 2023

3,110,449

509,386

22,382

Fixtures

and

Motor

fittings

vehicles

Totals

£

£

£

COST

At 1 January 2024

298,598

210,865

4,508,441

Additions

3,027

10,100

13,527

Disposals

-

(75,805

)

(75,805

)

At 31 December 2024

301,625

145,160

4,446,163

DEPRECIATION

At 1 January 2024

178,790

116,497

652,048

Charge for year

26,786

23,449

123,278

Eliminated on disposal

-

(13,266

)

(13,266

)

At 31 December 2024

205,576

126,680

762,060

NET BOOK VALUE

At 31 December 2024

96,049

18,480

3,684,103

At 31 December 2023

119,808

94,368

3,856,393

6.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

At 1 January 2024

44,756

Revaluations

213,244

At 31 December 2024

258,000

NET BOOK VALUE

At 31 December 2024

258,000

At 31 December 2023

44,756

Cost or valuation at 31 December 2024 is represented by:

Other

investments

£

Valuation in 2024

213,244

Cost

44,756

258,000

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Amounts owed by associates

70,769

70,993

Other debtors

56,890

34,752

Director's current account

145,118

91,335

Prepayments and accrued income

14,036

9,842

286,813

206,922

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

218,812

428,611

Hire purchase contracts

18,235

35,200

Trade creditors

52,109

73,376

Corporation tax

55,707

61,481

Social security and other taxes

7,933

5,443

VAT

63,978

35,576

Other creditors

5,623

13,353

Accruals and deferred income

596,874

438,864

1,019,271

1,091,904

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans - 2-5 years

692,243

1,334,705

Bank loans more than 5 years

1,541,492

850,542

Hire purchase contracts

30,817

97,923

Accruals and deferred income

51,050

45,416

2,315,602

2,328,586

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more than 5 years

1,541,492

850,542

Amounts falling due in more than five years:

Repayable by instalments

Bank loans

850,542

915,709

10.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Bank loans

2,381,894

2,523,176

Hire purchase contracts

49,052

133,123

2,430,946

2,656,299

The bank loan is secured by way of a fixed and floating charge over the assets of the company. The hire purchase liability is secured over the associated asset.

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

1,000

Ordinary

£1

1,000

1,000

1

Ordinary B

£1

1

1

1

Ordinary C

£1

1

1

1

Ordinary D

£1

1

1

1,003

1,003

12.

RESERVES

Revaluation

reserve

£

Revaluation movement

159,933

At 31 December 2024

159,933

13.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following loan to the directors subsisted during the years ended 31 December 2024 and 31 December 2023:

2024

2023

£

£

J Williams, J S Williams and A P Williams

Balance outstanding at start of year

91,335

210,600

Amounts advanced

71,226

88,983

Amounts repaid

(1,443)

(208,248)

Balance outstanding at end of year

161,118

91,335

Interest has been charged on any overdrawn balances during the year at a commercial rate. The overdrawn balance is repayable within nine months of the year end.