ST AUBYN ESTATES LTD

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

• Turnover

  +11%

  £7,139,174 → £7,927,539

  highest in 3 filed years

• Cash

  -64.3%

  £501,146 → £178,903

  lowest in 3 filed years

• Net assets

  -6.7%

  £2,415,985 → £2,253,827

• Employees

  +8.1%

  161 → 174

  highest in 3 filed years

• Operating profit

  -44.5%

  £1,265,106 → £702,210

  lowest in 3 filed years

• Profit before tax

  -111.3%

  £1,211,816 → -£136,429

  lowest in 3 filed years

• Wages

  +15.8%

  £2,934,366 → £3,398,778

  highest in 3 filed years

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

1. ST AUBYN ESTATES LTD 2015-12-16 → present
2. GODOLPHIN COMPANY LIMITED(THE) 1944-12-04 → 2015-12-16

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Dixon Wilson Audit Services LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Company has operated profitably the last few years. The combination of operating the asset of the Godolphin as an investment property and strong Cornish Heritage Builders and Estate Management business will mean that the company can continue to operate profitably into future years, as it has in 2024. The bank loan was fully repaid in March 2024 and the Estate cash balances are available if necessary to provide cashflow. Going forward, the operations of the company should result in positive cash. In addition, St Aubyn Estates Limited is part of the wider portfolio of the St Aubyn Family of businesses and as such is able to benefit from the cash flow available now available through these other operations. Because of the relationship between the company, the ultimate holding company, and other businesses, all of which are effectively under the control of the St Aubyn family, the directors are able to rely on the wider financial support to ensure that St Aubyn Estates Limited is considered as a going concern and is able to meet its liabilities as they fall due.”

Group structure

1. ST AUBYN ESTATES LTD · parent
   1. Mounts Bay Developments Limited 99% · England · Dormant company
   2. The Godolphin Company Limited 100% · England · Dormant company

Significant events

• “The financial year has seen a loss recorded of £19,156 (2023: profit of £1,061,449). The main driver was the revaluation of the Godolphin Hotel, which resulted in a negative one-off revaluation of £858,500.”
• “A new lease was signed with new tenants for the Godolphin Arms in January 2025, and this relationship is working well.”
• “The location of The Beach Box has moved from the mainland, to St Michael's Mount to trade for 2025.”
• “The company repaid in full a bank loan (total balance of £1.2m at the beginning of the year), which had been held at a fixed rate of interest since its inception in February 2019. This loan was originally established to replace two previous bank loans and an overdraft, all of which were subject to variable interest rates based on the Bank of England base rate. The fixed-rate structure of the loan had reduced the company's exposure to interest rate risk over its five-year term. The loan matured and was fully repaid in March 2024.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

3

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

1

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.