Cawdor Arms Ltd - Accounts to registrar - small 17.1.1

Cawdor Arms Ltd - Accounts to registrar - small 17.1.1

CAWDOR ARMS LTD - Company Information

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REGISTERED NUMBER: 10059611 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 12 MARCH 2016 TO 30 SEPTEMBER 2016

FOR

CAWDOR ARMS LTD

CAWDOR ARMS LTD (REGISTERED NUMBER: 10059611)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 12 MARCH 2016 TO 30 SEPTEMBER 2016




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 3

Chartered Accountants' Report 5

CAWDOR ARMS LTD

COMPANY INFORMATION
FOR THE PERIOD 12 MARCH 2016 TO 30 SEPTEMBER 2016







DIRECTORS: Mrs L C G Morgan
C E Morgan





SECRETARY: Mrs L C G Morgan





REGISTERED OFFICE: The Cawdor
72 Rhosmaen Street
Llandeilo
SA19 6EN





REGISTERED NUMBER: 10059611 (England and Wales)





ACCOUNTANTS: Andorran Limited
6 Manor Park Business Centre
Mackenzie Way
Cheltenham
Gloucestershire
GL51 9TX
Page 1
CAWDOR ARMS LTD (REGISTERED NUMBER: 10059611)

ABRIDGED STATEMENT OF FINANCIAL POSITION
30 SEPTEMBER 2016

Notes £   
FIXED ASSETS
Tangible assets 4 1,201,839

CURRENT ASSETS
Stocks 21,158
Debtors 180,622
Cash at bank and in hand 159,589
361,369
CREDITORS
Amounts falling due within one year (1,624,151 )
NET CURRENT LIABILITIES (1,262,782 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
(60,943
)

CAPITAL AND RESERVES
Called up share capital 5 1
Retained earnings (60,944 )
SHAREHOLDERS' FUNDS (60,943 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 September 2016.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 September 2016 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 of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Statement of Financial Position for the period ended 30 September 2016 in accordance with Section 444(2A) of the Companies Act 2006.

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 on 26 June 2017 and were signed on its
behalf by:





Mrs L C G Morgan - Director


The notes form part of these financial statements

Page 2
CAWDOR ARMS LTD (REGISTERED NUMBER: 10059611)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 12 MARCH 2016 TO 30 SEPTEMBER 2016

1. STATUTORY INFORMATION

Cawdor Arms Ltd 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. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The company had net liabilities and net current liabilities at the balance sheet date. The directors have
considered the funding required by the company for a period of at least 12 months from the date of
approval of these financial statements and determined that the company will be able to generate
sufficient funds on a daily basis to meet its liabilities as they fall due. Although the amount due to the
holding company remains repayable on demand, the directors of the holding company have confirmed
that they will not withdraw their funding to the detriment of other unsecured creditors. On this basis the
directors consider it appropriate to prepare these financial statements on the basis that the company is
a going concern.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Fixtures and fittings - 33% on cost and 20% on cost
Motor vehicles - 33% on 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 period 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 that have been
enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at
the statement of financial position 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 period 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.

Page 3 continued...
CAWDOR ARMS LTD (REGISTERED NUMBER: 10059611)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 12 MARCH 2016 TO 30 SEPTEMBER 2016

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 48 .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
Additions 1,227,367
At 30 September 2016 1,227,367
DEPRECIATION
Charge for period 25,528
At 30 September 2016 25,528
NET BOOK VALUE
At 30 September 2016 1,201,839

5. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
1 Ordinary £1 1

1 Ordinary share of £1 was allotted and fully paid for cash at par during the period.

6. RELATED PARTY DISCLOSURES

During the year OTH Limited, the company's ultimate parent undertaking, advanced money to the
company for working capital. At the end of the year the outstanding balance due by the company was
£1,412,930.

During the year the company advanced money to Cawdor Estates Limited, a company in which Mrs L
C G Morgan is a director and shareholder, for working capital. At the end of the year the outstanding
balance due to the company was £46,092.

During the year the company advanced money to Ventura Sol Limited, a company in which Mrs L C G
Morgan is a director and shareholder, for working capital. At the end of the year the outstanding
balance due to the company was £3,847.

During the year the company advanced money to Asset Management West Limited, a company in
which Mrs L C G Morgan is a director and shareholder, for working capital. At the end of the year the
outstanding balance due to the company was £13.

During the year the company paid bills on behalf of The Reddiplex Executive Pension Scheme, in
which Mrs L C G Morgan is a trustee and beneficiary. At the end of the year the outstanding balance
due to the company was £10,248.

Page 4
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
CAWDOR ARMS LTD

The following reproduces the text of the report prepared for the directors and members 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 Statement of Financial Position. 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 Cawdor Arms Ltd for the period ended 30 September 2016 which comprise the
Income Statement, Abridged Statement of Financial Position 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 Cawdor Arms Ltd, 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 Cawdor Arms Ltd and state those matters that we have agreed to state to the Board of Directors of Cawdor Arms Ltd, 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 Cawdor Arms Ltd Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Cawdor Arms Ltd 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 loss of Cawdor Arms Ltd. You consider that Cawdor Arms Ltd is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Cawdor Arms Ltd. 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.






Andorran Limited
6 Manor Park Business Centre
Mackenzie Way
Cheltenham
Gloucestershire
GL51 9TX


27 June 2017

This page does not form part of the statutory financial statements

Page 5