Cadwaladers (Cardiff) Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 09783248 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 December 2023

for

CADWALADERS (CARDIFF) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

10

DIRECTORS:

Mrs D E Brierley

Miss E G Brierley

Mrs G Hammacott

SECRETARY:

Mrs D E Brierley

REGISTERED OFFICE:

Hen Dy Fferm

Garth Lane

Rudry

Caerphilly

CF83 3DR

REGISTERED NUMBER:

09783248 (England and Wales)

ACCOUNTANTS:

Hayvenhursts

Fairway House

Links Business Park

St Mellons

Cardiff

CF3 0LT

FIXED ASSETS

Intangible assets

5

-

-

Tangible assets

6

509,705

906,624

Investments

7

1

1

509,706

906,625

CURRENT ASSETS

Stocks

43,790

47,842

Debtors

8

366,688

34,692

Cash at bank and in hand

9,318

62,190

419,796

144,724

CREDITORS

Amounts falling due within one year

9

(741,535

)

(884,255

)

NET CURRENT LIABILITIES

(321,739

)

(739,531

)

TOTAL ASSETS LESS CURRENT LIABILITIES

187,967

167,094

CREDITORS

Amounts falling due after more than one year

10

(121,400

)

(121,232

)

PROVISIONS FOR LIABILITIES

(35,694

)

(35,694

)

NET ASSETS

30,873

10,168

CAPITAL AND RESERVES

Called up share capital

12

200

200

Revaluation reserve

13

235,353

235,353

Retained earnings

13

(204,680

)

(225,385

)

SHAREHOLDERS' FUNDS

30,873

10,168

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 December 2023 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 March 2024 and were signed on its behalf by:

Mrs D E Brierley - Director

1.	STATUTORY INFORMATION

Cadwaladers (Cardiff) Limited 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.

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Significant judgements and estimates

The financial statements are prepared under the going concern basis. The directors believe this is appropriate as they believe that the company has the necessary resources at its disposal to meet its liabilities as they fall due.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 118 (2022 - 125 ) .

5.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 31 December 2022

and 30 December 2023

73,700

AMORTISATION

At 31 December 2022

and 30 December 2023

73,700

NET BOOK VALUE

At 30 December 2023

-

At 30 December 2022

-

6.	TANGIBLE FIXED ASSETS

Fixtures

Long

and

Motor

Computer

leasehold

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 31 December 2022

796,363

735,258

27,586

60,314

1,619,521

Additions

310,931

35,503

-

6,091

352,525

Disposals

(642,990

)

(139,003

)

(27,586

)

(1,002

)

(810,581

)

At 30 December 2023

464,304

631,758

-

65,403

1,161,465

DEPRECIATION

At 31 December 2022

264,112

375,597

27,586

45,602

712,897

Charge for year

51,181

74,346

-

10,292

135,819

Eliminated on disposal

(100,380

)

(68,497

)

(27,586

)

(493

)

(196,956

)

At 30 December 2023

214,913

381,446

-

55,401

651,760

NET BOOK VALUE

At 30 December 2023

249,391

250,312

-

10,002

509,705

At 30 December 2022

532,251

359,661

-

14,712

906,624

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:

Motor

vehicles

£

COST

At 31 December 2022

10,045

Disposals

(10,045

)

At 30 December 2023

-

DEPRECIATION

At 31 December 2022

8,067

Eliminated on disposal

(8,067

)

At 30 December 2023

-

NET BOOK VALUE

At 30 December 2023

-

At 30 December 2022

1,978

7.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 31 December 2022

and 30 December 2023

1

NET BOOK VALUE

At 30 December 2023

1

At 30 December 2022

1

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Cadwaladers (Retail) Limited

Registered office:

Nature of business: Property Rentals

%

Class of shares:

holding

Ordinary

100.00

8.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Trade debtors

538

435

Amounts owed by group undertakings

328,191

-

Other debtors

15

2,316

Prepayments

37,944

31,941

366,688

34,692

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Bank loans and overdrafts (see note 11)

73,717

57,286

Other loans (see note 11)

120,000

64,987

Trade creditors

105,639

115,920

Amounts owed to group undertakings

36,193

38,693

Tax

36,435

20,736

Social security and other taxes

260,572

279,860

Other creditors

20,599

77,697

Accrued expenses

88,380

229,076

741,535

884,255

10.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2023

2022

£

£

Bank loans (see note 11)

91,960

121,232

Other loans (see note 11)

29,440

-

121,400

121,232

11.

LOANS

An analysis of the maturity of loans is given below:

2023

2022

£

£

Amounts falling due within one year or on demand:

Bank overdrafts

37,246

-

Bank loans

36,471

57,286

Other loans

120,000

64,987

193,717

122,273

2023

2022

£

£

Amounts falling due between one and two years:

Bank loans - 1-2 years

27,899

38,559

Other loans - 1-2 years

29,440

-

57,339

38,559

Amounts falling due between two and five years:

Bank loans - 2-5 years

64,061

82,673

12.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2023

2022

value:

£

£

200

Ordinary

£1

200

200

13.

RESERVES

Retained

Revaluation

earnings

reserve

Totals

£

£

£

At 31 December 2022

(225,385

)

235,353

9,968

Profit for the year

20,705

20,705

At 30 December 2023

(204,680

)

235,353

30,673

14.	ULTIMATE CONTROLLING PARTY

The controlling party is Briers Property Limited.

The ultimate controlling party is Mrs D E Brierley.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Cadwaladers (Cardiff) Limited for the year ended 30 December 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Cadwaladers (Cardiff) Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Cadwaladers (Cardiff) Limited and state those matters that we have agreed to state to the Board of Directors of Cadwaladers (Cardiff) Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Cadwaladers (Cardiff) Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Cadwaladers (Cardiff) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Cadwaladers (Cardiff) Limited. You consider that Cadwaladers (Cardiff) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Cadwaladers (Cardiff) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Hayvenhursts

Fairway House

Links Business Park

St Mellons

Cardiff

CF3 0LT

26 March 2024