COMPANY REGISTRATION NUMBER:
15868780
|
Pwll Court Retreat Limited |
|
|
Filleted Unaudited Financial Statements |
|
|
Pwll Court Retreat Limited |
|
|
Statement of Financial Position |
|
31 July 2026
Fixed assets
|
Tangible assets |
5 |
12,183 |
12,860 |
|
Investments |
6 |
2 |
– |
|
-------- |
-------- |
|
12,185 |
12,860 |
|
|
|
|
Current assets
|
Cash at bank and in hand |
5,785 |
2,232 |
|
|
|
|
Creditors: amounts falling due within one year |
7 |
(
17,822) |
(
14,954) |
|
-------- |
-------- |
|
Net current liabilities |
(
12,037) |
(
12,722) |
|
-------- |
-------- |
|
Total assets less current liabilities |
148 |
138 |
|
---- |
---- |
|
|
|
|
Capital and reserves
|
Called up share capital |
8 |
100 |
100 |
|
Profit and loss account |
48 |
38 |
|
---- |
---- |
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Shareholders funds |
148 |
138 |
|
---- |
---- |
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|
|
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These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the year ending 31 July 2026 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 financial statements for the year in question in accordance with section 476
;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
These financial statements were approved by the
board of directors
and authorised for issue on
7 September 2026
, and are signed on behalf of the board by:
|
Mrs G Hutton |
Mr I Hutton |
|
Director |
Director |
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Company registration number:
15868780
|
Pwll Court Retreat Limited |
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|
Notes to the Financial Statements |
|
Year ended 31 July 2026
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Pwll Court Farm, Llangynidr, Crickhowell, Powys, NP8 1NU, United Kingdom.
2.
Statement of compliance
These financial statements have been prepared in accordance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the Companies Act 2006.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The directors have a reasonable expectation that the company has adequate resources to continue operational existence for the foreseeable future. For this reason, the directors continue to adopt the going concern basis of accounting in preparing the annual financial statements.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
|
Property Improvements |
- |
5% straight line |
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|
|
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Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Investments in joint ventures
Investments in jointly controlled entities accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in jointly controlled entities accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the joint venture arising before or after the date of acquisition.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.
4.
Tax on profit
Major components of tax expense
Current tax:
|
UK current tax expense |
4,055 |
871 |
|
------- |
---- |
|
Tax on profit |
4,055 |
871 |
|
------- |
---- |
|
|
|
5.
Tangible assets
|
Property Improvements |
|
£ |
|
Cost |
|
|
At 1 August 2025 and 31 July 2026 |
13,537 |
|
-------- |
|
Depreciation |
|
|
At 1 August 2025 |
677 |
|
Charge for the year |
677 |
|
-------- |
|
At 31 July 2026 |
1,354 |
|
-------- |
|
Carrying amount |
|
|
At 31 July 2026 |
12,183 |
|
-------- |
|
At 31 July 2025 |
12,860 |
|
-------- |
|
|
6.
Investments
|
Shares in participating interests |
|
£ |
|
Cost |
|
|
At 1 August 2025 |
– |
|
Additions |
2 |
|
---- |
|
At 31 July 2026 |
2 |
|
---- |
|
Impairment |
|
|
At 1 August 2025 and 31 July 2026 |
– |
|
---- |
|
|
|
Carrying amount |
|
|
At 31 July 2026 |
2 |
|
---- |
|
At 31 July 2025 |
– |
|
---- |
|
|
7.
Creditors:
amounts falling due within one year
|
2026 |
2025 |
|
£ |
£ |
|
Corporation tax |
4,055 |
871 |
|
Other creditors |
|
|
|
-------- |
-------- |
|
17,822 |
14,954 |
|
-------- |
-------- |
|
|
|
8.
Called up share capital
Issued, called up and fully paid
|
2026 |
2025 |
|
No. |
£ |
No. |
£ |
|
Ordinary shares of £ 1 each |
100 |
100 |
100 |
100 |
|
---- |
---- |
---- |
---- |
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9.
Related party transactions
The company was under the control of
Mr I Hutton
and Mrs G Hutton
, the managing directors, throughout the current and previous year by virtue of their combined interest in 100% of the issued ordinary share capital. During the year the company paid dividends totalling £16,600 (2025 - £3,000) to the shareholders.