Cadwaladers (Cardiff) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09783248 (England and Wales)

Unaudited Financial Statements

FOR THE PERIOD

2 January 2017 to 30 December 2017

for

CADWALADERS (CARDIFF) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

10

DIRECTOR:

Mrs D E Brierley

SECRETARY:

Mrs P M Middleton

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 OLT

FIXED ASSETS

Intangible assets

5

-

-

Tangible assets

6

715,535

406,131

Investments

7

1

-

715,536

406,131

CURRENT ASSETS

Stocks

43,208

30,426

Debtors

8

48,252

97,256

Cash at bank and in hand

15,050

112,254

106,510

239,936

CREDITORS

Amounts falling due within one year

9

(444,079

)

(381,209

)

NET CURRENT LIABILITIES

(337,569

)

(141,273

)

TOTAL ASSETS LESS CURRENT LIABILITIES

377,967

264,858

CREDITORS

Amounts falling due after more than one year

10

(204,189

)

(122,202

)

PROVISIONS FOR LIABILITIES

(8,412

)

(6,392

)

NET ASSETS

165,366

136,264

CAPITAL AND RESERVES

Called up share capital

12

200

200

Revaluation reserve

13

235,353

235,353

Retained earnings

13

(70,187

)

(99,289

)

SHAREHOLDERS' FUNDS

165,366

136,264

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 December 2017.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 December 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 18 September 2018 and were signed 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 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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

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 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

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 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.

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 period was 60 .

5.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 2 January 2017

and 30 December 2017

73,700

AMORTISATION

At 2 January 2017

and 30 December 2017

73,700

NET BOOK VALUE

At 30 December 2017

-

At 1 January 2017

-

6.	TANGIBLE FIXED ASSETS

Fixtures

Long

and

Motor

Computer

leasehold

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 2 January 2017

83,131

358,812

10,045

8,803

460,791

Additions

278,778

69,553

-

11,015

359,346

At 30 December 2017

361,909

428,365

10,045

19,818

820,137

DEPRECIATION

At 2 January 2017

9,699

39,950

2,930

2,081

54,660

Charge for period

17,190

53,392

2,511

3,032

76,125

Charge written back

(26,183

)

-

-

-

(26,183

)

At 30 December 2017

706

93,342

5,441

5,113

104,602

NET BOOK VALUE

At 30 December 2017

361,203

335,023

4,604

14,705

715,535

At 1 January 2017

73,432

318,862

7,115

6,722

406,131

Fixed assets, included in the above, which are held under hire purchase contracts are as

follows:

Motor

vehicles

£

COST

At 2 January 2017

and 30 December 2017

10,045

DEPRECIATION

At 2 January 2017

2,930

Charge for period

2,511

At 30 December 2017

5,441

NET BOOK VALUE

At 30 December 2017

4,604

At 1 January 2017

7,115

7.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

Additions

1

At 30 December 2017

1

NET BOOK VALUE

At 30 December 2017

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

2017

2017

£

£

Other debtors

34,721

34,820

Prepayments

13,531

62,436

48,252

97,256

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2017

£

£

Bank loans and overdrafts (see note 11)

38,190

-

Other loans (see note 11)

28,320

28,320

Hire purchase contracts

1,859

1,717

Trade creditors

149,772

80,692

Tax

3,124

-

Social security and other taxes

80,757

84,689

Other creditors

8,520

53,883

Directors' current accounts

110,004

82,947

Accrued expenses

23,533

48,961

444,079

381,209

10.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2017

2017

£

£

Other loans (see note 11)

196,341

112,493

Hire purchase contracts

7,848

9,709

204,189

122,202

11.

LOANS

An analysis of the maturity of loans is given below:

2017

2017

£

£

Amounts falling due within one year or on demand:

Bank overdrafts

38,190

-

Other loans

28,320

28,320

66,510

28,320

Amounts falling due between one and two years:

Other loans - 1-2 years

196,341

112,493

12.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2017

2017

value:

£

£

200

Ordinary

£1

200

200

13.

RESERVES

Retained

Revaluation

earnings

reserve

Totals

£

£

£

At 2 January 2017

(99,289

)

235,353

136,064

Profit for the period

52,212

52,212

Dividends

(23,110

)

(23,110

)

At 30 December 2017

(70,187

)

235,353

165,166

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 director 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 Director 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 period ended

30 December 2017 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 director of Cadwaladers (Cardiff) Limited 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 director of Cadwaladers (Cardiff) Limited 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 director 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 period.

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 OLT

19 September 2018