Filleted
Registration number: 11907779

Solva & St Davids Holiday Lets Ltd

Contents

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

Solva & St Davids Holiday Lets Ltd

Company Information

Directors

Mr S Davies Miss J E Bland

Registered office

Cartrefle Middle Mill Road Solva SA62 6XB

Solva & St Davids Holiday Lets Ltd

(Registration number: 11907779)
Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	10,758	11,954
Current assets
Debtors	5	23,000	133,000
Cash at bank and in hand		139,282	4,229
		162,282	137,229
Creditors: Amounts falling due within one year	6	(9,812)	(13,235)
Net current assets		152,470	123,994
Total assets less current liabilities		163,228	135,948
Provisions for liabilities		(2,044)	(2,271)
Net assets		161,184	133,677
Capital and reserves
Called up share capital	7	100	100
Retained earnings		161,084	133,577
Shareholders' funds		161,184	133,677

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 11 August 2025 and signed on its behalf by:
 

......................................... Mr S Davies Director

Solva & St Davids Holiday Lets Ltd

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 Wales.

The address of its registered office is:
Cartrefle
Middle Mill Road
Solva
SA62 6XB

These financial statements were authorised for issue by the Board on 11 August 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 tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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.

Solva & St Davids Holiday Lets Ltd

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

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

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.

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	10% Reducing balance

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.

Solva & St Davids Holiday Lets Ltd

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

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 2).

4	Tangible assets

	Plant and machinery £	Total £
Cost or valuation
At 1 April 2024	14,821	14,821
At 31 March 2025	14,821	14,821
Depreciation
At 1 April 2024	2,867	2,867
Charge for the year	1,196	1,196
At 31 March 2025	4,063	4,063
Carrying amount
At 31 March 2025	10,758	10,758
At 31 March 2024	11,954	11,954

5

Debtors

Current	Note	2025 £	2024 £
Amounts owed by related parties	8	23,000	133,000
		23,000	133,000

Solva & St Davids Holiday Lets Ltd

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
Other related parties		1,035	7,095
Other creditors		1,062	1,009
Corporation tax liability		7,715	5,131
		9,812	13,235

7	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary of £1 each	100	100	100	100

8	Related party transactions

Transactions with directors

2025	At 1 April 2024 £	Advances to director £	At 31 March 2025 £
Miss J E Bland
Interest free loan repayable on demand	(3,548)	3,030	(518)
Mr S Davies
Interest free loan repayable on demand	(3,548)	3,030	(518)

2024	At 1 April 2023 £	Advances to director £	At 31 March 2024 £
Miss J E Bland
Interest free loan repayable on demand	(5,284)	1,737	(3,548)
Mr S Davies
Interest free loan repayable on demand	(5,284)	1,737	(3,548)

Solva & St Davids Holiday Lets Ltd

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

Summary of transactions with joint ventures

Simon Davies Construction Ltd
(Mr S Davies is also a director of Simon Davies Construction Ltd. Miss J Bland is also a shareholder in Simon Daves Construction Ltd)

Summary of transactions with other related parties

There is a loan balance due to Simon Davies Construction Ltd of £23,000. This balance is interest free and re payable on agreement. (2024: (£133,000).