Pembrokeshire Entertainment Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 7160888

Pembrokeshire Entertainment Limited

Filleted Unaudited Financial Statements

30 December 2025

Pembrokeshire Entertainment Limited

Financial Statements

Year ended 30 December 2025

Contents	Pages

Statement of financial position	1 to 2

Notes to the financial statements	3 to 8

Pembrokeshire Entertainment Limited

Statement of Financial Position

30 December 2025

	2025	2024
Note	£	£

Fixed assets

Intangible assets	6	25,000	30,000
Tangible assets	7	620,745	639,872
		---------	---------
		645,745	669,872

Current assets

Stocks		9,600	9,600
Debtors	8	40,964	40,290
Cash at bank and in hand		39,830	54,430
		--------	---------
		90,394	104,320

Creditors: amounts falling due within one year	9	( 423,061)	( 374,458)
		---------	---------
Net current liabilities		( 332,667)	( 270,138)
		---------	---------
Total assets less current liabilities		313,078	399,734

Creditors: amounts falling due after more than one year	10	( 109,586)	( 160,881)

Provisions

Taxation including deferred tax	11	( 3,142)	( 3,710)
		---------	---------
Net assets		200,350	235,143
		---------	---------

Capital and reserves

Called up share capital	13	120	120
Profit and loss account		200,230	235,023
		---------	---------
Shareholders funds		200,350	235,143
		---------	---------

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 income and retained earnings has not been delivered.

For the year ending 30 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Pembrokeshire Entertainment Limited

Statement of Financial Position (continued)

30 December 2025

These financial statements were approved by the board of directors and authorised for issue on 24 September 2026 , and are signed on behalf of the board by:

Mr M V Thomson
Director

Company registration number: 7160888

Pembrokeshire Entertainment Limited

Notes to the Financial Statements

Year ended 30 December 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Brynawel, Providence Hill, Narberth, Pembrokeshire, SA67 8RE.

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 director has a reasonable expectation that the company has adequate resources to continue operational existence for the foreseeable future. For this reason, the director continues 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 and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. Revenue from the sale of goods and services is recognised when the significant risks and rewards of ownership of the goods 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.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Goodwill	-	over a 10 year estimated useful life

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

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:

Freehold Property	-	2% straight line
Property Improvements	-	10% straight line
Fixtures & Fittings	-	15% reducing balance
Motor Vehicles	-	25% reducing balance

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. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Government grants

Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received. Government grants are recognised using the accrual model. Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

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.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 12 (2024: 15 ).

5. Tax on profit/(loss)

Major components of tax expense

	2025	2024
	£	£

Current tax:

UK current tax expense	11,987	6,101

Deferred tax:

Origination and reversal of timing differences	( 568)	( 933)
	--------	-------
Tax on profit/(loss)	11,419	5,168
	--------	-------

6. Intangible assets

	Goodwill
	£
Cost
At 31 December 2024 and 30 December 2025	71,808
	--------
Amortisation
At 31 December 2024	41,808
Charge for the year	5,000
	--------
At 30 December 2025	46,808
	--------
Carrying amount
At 30 December 2025	25,000
	--------
At 30 December 2024	30,000
	--------

7. Tangible assets

	Freehold Property	Property Improvements	Fixtures & Fittings	Motor Vehicles	Total
	£	£	£	£	£
Cost
At 31 December 2024 and 30 December 2025	798,393	38,916	61,927	18,950	918,186
	---------	--------	--------	--------	---------
Depreciation
At 31 December 2024	174,246	38,916	54,197	10,955	278,314
Charge for the year	15,968	–	1,160	1,999	19,127
	---------	--------	--------	--------	---------
At 30 December 2025	190,214	38,916	55,357	12,954	297,441
	---------	--------	--------	--------	---------
Carrying amount
At 30 December 2025	608,179	–	6,570	5,996	620,745
	---------	--------	--------	--------	---------
At 30 December 2024	624,147	–	7,730	7,995	639,872
	---------	--------	--------	--------	---------

8. Debtors

	2025	2024
	£	£
Trade debtors	38,964	38,290
Other debtors	2,000	2,000
	--------	--------
	40,964	40,290
	--------	--------

Other debtors include an amount of £Nil (2024 - £Nil) falling due after more than one year.

9. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts (secured)	43,144	51,629
Trade creditors	42,298	17,598
Corporation tax	18,258	23,053
Social security and other taxes	10,844	11,992
Other creditors	308,517	270,186
	---------	---------
	423,061	374,458
	---------	---------

The bank facilities are secured by fixed and floating charges over the assets of the company.

10. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts (secured)	109,586	160,881
	---------	---------

Included within creditors: amounts falling due after more than one year is an amount of £Nil (2024: £13,849) in respect of liabilities payable or repayable by instalments which fall due for payment after more than five years from the reporting date.

11. Provisions

	Deferred tax (note 12)
	£
At 31 December 2024	3,710
Unused amounts reversed	( 568)
	-------
At 30 December 2025	3,142
	-------

12. Deferred tax

The deferred tax included in the statement of financial position is as follows:

	2025	2024
	£	£
Included in provisions (note 11)	3,142	3,710
	-------	-------

The deferred tax account consists of the tax effect of timing differences in respect of:

	2025	2024
	£	£
Accelerated capital allowances	3,142	3,710
	-------	-------

13. Called up share capital

Issued, called up and fully paid

	2025		2024
	No.	£	No.	£
Ordinary shares of £ 1 each	100	100	100	100
Ordinary A shares of £ 1 each	10	10	10	10
Ordinary B shares of £ 1 each	10	10	10	10
	----	----	----	----
	120	120	120	120
	----	----	----	----

14. Related party transactions

The company was under the control of Mr M V Thomson , the managing director, throughout the current and previous year by virtue of his majority shareholding. During the year the company paid dividends totalling £48,200 (2024 - £24,000) to the shareholders.