Company registration number 03083992 (England and Wales)
THE CARDIFF BAY ANTIQUE CENTRE LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
PAGES FOR FILING WITH REGISTRAR
THE CARDIFF BAY ANTIQUE CENTRE LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
THE CARDIFF BAY ANTIQUE CENTRE LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2025
31 December 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
758
1,012
Investment property
4
725,000
725,000
725,758
726,012
Current assets
Debtors
5
1,700
10,000
Cash at bank and in hand
104,618
106,613
106,318
116,613
Creditors: amounts falling due within one year
6
(357,386)
(367,597)
Net current liabilities
(251,068)
(250,984)
Net assets
474,690
475,028
Capital and reserves
Called up share capital
7
2
2
Profit and loss reserves
474,688
475,026
Total equity
474,690
475,028

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

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 10 April 2026
Mrs P Brownhill
Director
Company registration number 03083992 (England and Wales)
THE CARDIFF BAY ANTIQUE CENTRE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
- 2 -
1
Accounting policies
Company information

The Cardiff Bay Antique Centre Limited is a private company limited by shares incorporated in England and Wales. The registered office is The Pumping Station, Penarth Road, Cardiff, South Glamorgan, Wales, CF11 8TT.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2
Revenue

Turnover represents property rental income excluding value added tax.

1.3
Tangible fixed assets

Tangible fixed assets are measured at cost, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and machinery
25% reducing balance
Computer equipment
25% reducing balance
1.4
Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value a t the reporting end date. Changes in fair value are recognised in profit or loss.

1.5
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

THE CARDIFF BAY ANTIQUE CENTRE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 3 -
1.6
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

1.7
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
7
6
3
Tangible fixed assets
Plant and machinery
Computer equipment
Total
£
£
£
Cost
At 1 January 2025 and 31 December 2025
5,700
679
6,379
Depreciation and impairment
At 1 January 2025
4,974
393
5,367
Depreciation charged in the year
182
72
254
At 31 December 2025
5,156
465
5,621
Carrying amount
At 31 December 2025
544
214
758
At 31 December 2024
726
286
1,012
4
Investment property
2025
£
Fair value
At 1 January 2025 and 31 December 2025
725,000

The fair value of the investment property has been arrived at on the basis of a valuation carried out at 31 December 20 2 5 by the directors. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.

THE CARDIFF BAY ANTIQUE CENTRE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 4 -
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Other debtors
1,700
10,000
6
Creditors: amounts falling due within one year
2025
2024
£
£
Amounts owed to group undertakings
335,559
335,559
Taxation and social security
1,474
1,961
Other creditors
20,353
30,077
357,386
367,597
7
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary of £1 each
2
2
2
2
8
Related party transactions
Transactions with related parties

During the year the company entered into the following transactions with related parties:

Other information

The company has an existing loan of £11 1,563 (2024 - £111,563) due to Mergeform Limited, a company within the same group. This amount is included i n creditors amounts falling due within one year.

The company has an existing loan of £22 3,996 (2024 - £223,996) due to Primemerit Limited, a company within the same group. This amount is included i n creditors amounts falling due within one year.

The company has existing loans of £nil (2024 - £10,000) due from UK Traders Limited, a company with common director. This amount is included i n debtors amounts falling due within one year.

The company has an existing loan of £12,300 (2024 - £22,3 00) due to Mrs S Ashill, a daughter of the director. This amount i s included i n creditors amounts falling due within one year.

9
Parent company

The company's ultimate parent company is Pacific Trade Ventures (UK) Limited, whose registered office is The Pumping Station, Penarth Road, Cardif, CF11 8TT.

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