Company Registration No. 10014389 (England and Wales)
The Square Royale Limited
Unaudited accounts
for the year ended 29 February 2020
The Square Royale Limited
Unaudited accounts
Contents
The Square Royale Limited
Company Information
for the year ended 29 February 2020
Directors
Russell Sorrell
Adele Sorrell
Company Number
10014389 (England and Wales)
Registered Office
41 Aeron Place, Gilfach, Bargoed CF81 8J
Accountants
My-Hub Ltd
First Floor
The Taffs Well Inn, Cardiff Road
Taffs Well
CF15 7PR
The Square Royale Limited
Statement of financial position
as at
29 February 2020
Tangible assets
54,257
57,862
Cash at bank and in hand
105,985
45,829
Creditors: amounts falling due within one year
(102,734)
(77,251)
Net current assets/(liabilities)
3,251
(31,422)
Called up share capital
8,498
(2)
Capital contribution reserve
8,500
8,500
Profit and loss account
40,510
17,942
Shareholders' funds
57,508
26,440
For the year ending 29 February 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 29 February 2020 and were signed on its behalf by
Russell Sorrell
Director
Company Registration No. 10014389
The Square Royale Limited
Notes to the Accounts
for the year ended 29 February 2020
The Square Royale Limited is a private company, limited by shares, registered in England and Wales, registration number 10014389. The registered office is 41 Aeron Place, Gilfach, Bargoed CF81 8J.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Land & buildings
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 March 2019
32,852
42,153
500
75,505
Revaluations
(581)
-
-
(581)
At 29 February 2020
32,271
42,153
743
75,167
At 1 March 2019
9,178
8,465
-
17,643
Charge for the year
3,186
81
-
3,267
At 29 February 2020
12,364
8,546
-
20,910
At 29 February 2020
19,907
33,607
743
54,257
At 28 February 2019
23,674
33,688
500
57,862
The Square Royale Limited
Notes to the Accounts
for the year ended 29 February 2020
5
Creditors: amounts falling due within one year
2020
2019
Bank loans and overdrafts
8,039
4,406
Trade creditors
18,330
49,553
Taxes and social security
2,687
2,687
Other creditors
34,617
16,705
Loans from directors
(9,801)
(1,680)
6
Average number of employees
During the year the average number of employees was 0 (2019: 0).