The Inn On The Green Limited - Accounts to registrar (filleted) - small 18.2

The Inn On The Green Limited - Accounts to registrar (filleted) - small 18.2

THE INN ON THE GREEN LIMITED - Company Information

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REGISTERED NUMBER: 02950398 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2018

for

The Inn On The Green Limited
The Inn On The Green Limited (Registered number: 02950398)






Contents of the Financial Statements
for the Year Ended 31 December 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


The Inn On The Green Limited

Company Information
for the Year Ended 31 December 2018







DIRECTORS: A J Taylor
E Taylor





SECRETARY: S H Pennington





REGISTERED OFFICE: Bridle House
36 Bridle Lane
London
W1F 9BZ





REGISTERED NUMBER: 02950398 (England and Wales)





Page 1
The Inn On The Green Limited (Registered number: 02950398)

Balance Sheet
31 December 2018

31.12.18 31.12.17
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 1,015,427 1,019,433

CURRENT ASSETS
Debtors 4 350,397 392,966
Cash at bank 423 863
350,820 393,829
CREDITORS
Amounts falling due within one year 5 1,074,805 1,111,612
NET CURRENT LIABILITIES (723,985 ) (717,783 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
291,442
301,650

CAPITAL AND RESERVES
Called up share capital 750 750
Retained earnings 290,692 300,900
SHAREHOLDERS' FUNDS 291,442 301,650

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2018 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 notes form part of these financial statements

Page 2 continued...
The Inn On The Green Limited (Registered number: 02950398)

Balance Sheet - continued
31 December 2018


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 Board of Directors on 24 September 2019 and
were signed on its behalf by:





A J Taylor - Director


The notes form part of these financial statements

Page 3
The Inn On The Green Limited (Registered number: 02950398)

Notes to the Financial Statements
for the Year Ended 31 December 2018

1. STATUTORY INFORMATION

The Inn On The Green 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. ACCOUNTING POLICIES

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

Turnover
Turnover is derived from ordinary activities and represents net sales of rent income,
excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold propertynot provided
Improvements to property5% on reducing balance
Plant and machinery10% on cost
Fixtures and fittings10% on cost

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

Page 4 continued...
The Inn On The Green Limited (Registered number: 02950398)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2018

3. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2018
and 31 December 2018 939,307 181,511 1,120,818
DEPRECIATION
At 1 January 2018 - 101,385 101,385
Charge for year - 4,006 4,006
At 31 December 2018 - 105,391 105,391
NET BOOK VALUE
At 31 December 2018 939,307 76,120 1,015,427
At 31 December 2017 939,307 80,126 1,019,433

Included in cost of land and buildings is freehold land of £939,307 (2017: £939,307) which is
not depreciated.

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.18 31.12.17
£    £   
Trade debtors 97,652 81,004
Amounts owed by associates - 59,200
Other debtors 252,745 252,762
350,397 392,966

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.18 31.12.17
£    £   
Amounts owed to group undertakings 1,067,242 1,092,726
Amounts owed to associates 820 -
Taxation and social security 3,368 17,536
Other creditors 3,375 1,350
1,074,805 1,111,612

Page 5 continued...
The Inn On The Green Limited (Registered number: 02950398)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2018

6. SECURED DEBTS

The following secured debts are included within creditors:

31.12.18 31.12.17
£    £   

There is an overdraft facility of £100,000 (which was temporarily increased to £125,000
during the year ending 31 December 2015) for Sphere Entertainment Ltd to which the
following securities apply. (At the year end the bank overdraft in Sphere Entertainment Ltd
was £104,078 (2017: £75,733)):

Date Name Amount Description
22/03/99 HSBC
Private
Bank
(UK) Ltd
(Samuel
Montagu
e & Co
Ltd		 All monies due or to
become due from the
company.		 Debenture - Given by The Inn On
The Green Ltd including Fixed
Equitable Charge over all present
and future freehold and leasehold
property; Fixed First Charge over,
among other things, book and other
debts, chattels, goodwill and
uncalled capital, both present and
future; and First Floating Charge
over all assets and undertaking both
present and future.

16/01/02 HSBC
Private
Bank
(UK) Ltd		 All monies due or to
become due from the
company.		 Debenture - Given by Sphere
Entertainment Ltd including Fixed
Equitable Charge over all present
and future freehold and leasehold
property; Fixed First Charge over,
among other things, book and other
debts, chattels, goodwill and
uncalled capital, both present and
future; and First Floating Charge
over all assets and undertaking both
present and future.

The following also apply to the above:

01/06/99 A J
Taylor		 All monies due or to
become due from the
company.		 Debenture - property with title
number RK287776, by way of
floating charge all the undertaking,
property and assets.

01/06/99 Sphere
Entertain
ment
Limited		 All monies due or to
become due from the
company.		 Debenture - property with title
number RK287776, by way of
floating charge all the undertaking,
property and assets.


The following security is given by the company in respect of Sanctum On The Green Ltd:

Page 6 continued...
The Inn On The Green Limited (Registered number: 02950398)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2018

Alfandari Private Equites Ltd £30,324 (2016: £76,299).

Date Name Amount Description

06/10/2016 Alfandari
Private
Equities
Limited		 All monies due or to
become due from the
company.		 Debenture - Given by The Inn on the
Green Ltd including fixed charge over
present and future freehold and lease
hold property. Fixed charge over,
among other things, interest, future
rights, licences, guarantees, rents,
deposits, contracts, covenants
relating to properties. All intellectual
property. Full details given charge
code 029503980013.

7. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting
Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of
Ireland', not to disclose related party transactions with wholly owned subsidiaries within the
group.

Concept Venues Ltd

A company in which A J Taylor is a director.


At the balance sheet date Concept Venues Ltd owed the company £250,000 (2017:
£250,000) for loan notes held. The amount is classified as a current debtor and is repayable
on demand, no interest is charged.

The Ship Ltd

An associated company.


At the balance sheet date The Ship Ltd is owed £820 (2017: owed the company £59,200).
The amount is classified as a current creditor / debtor and is repayable on demand, no
interest is charged.

8. ULTIMATE CONTROLLING PARTY

The controlling party is Sphere Entertainment Ltd, a company registered in England and
Wales. The ultimate controlling parties are A J Taylor and E Taylor, shareholders and
directors of the parent company Sphere Entertainment Ltd.

Page 7