Wentworth Inns Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 02809848 (England and Wales)

Wentworth Inns Limited

Unaudited Financial Statements For The Year Ended 31 August 2019

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mrs G Gennard

Ms S J Kenworthy

REGISTERED OFFICE:

The Old Grammar School

13 Moorgate Road

Rotherham

South Yorkshire

S60 2EN

BUSINESS ADDRESS:

The George & Dragon

85 Main Street

Wentworth

ROTHERHAM

South Yorkshire

S62 7TN

REGISTERED NUMBER:

02809848 (England and Wales)

ACCOUNTANTS:

Allotts Business Services Ltd

Chartered Accountants

The Old Grammar School

13 Moorgate Road

Rotherham

South Yorkshire

S60 2EN

BANKERS:

National Westminster Bank

225 High Street

Lincoln

LN2 1AZ

FIXED ASSETS

Intangible assets

4

4,398

5,278

Tangible assets

5

91,573

88,598

95,971

93,876

CURRENT ASSETS

Stocks

16,109

14,129

Debtors

4,156

4,679

Cash at bank

67,016

82,821

87,281

101,629

CREDITORS

Amounts falling due within one year

190,866

202,486

NET CURRENT LIABILITIES

(103,585

)

(100,857

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(7,614

)

(6,981

)

CAPITAL AND RESERVES

Called up share capital

19,998

19,998

Retained earnings

(27,612

)

(26,979

)

SHAREHOLDERS' FUNDS

(7,614

)

(6,981

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2019 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 applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 August 2019 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 21 February 2020 and were signed on its behalf by:

Mrs G Gennard - Director

1.	STATUTORY INFORMATION

Wentworth Inns 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.

The accounts have been prepared on the going concern basis on the assumption that the company will continue

to receive the support of the parent company Hesley Degill Limited, and it's principal loan creditor, a director of

that company.

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to

customers.

Goodwill

Positive goodwill is capitalised, classified as an asset on the balance sheet and amortised on a straight line

basis over its useful economic life. It is reviewed for impairment at the end of the first full financial year following

the acquisition and in other periods if events or changes in circumstances indicate that the carrying value may

not be recoverable.

Tangible fixed assets

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

Short leasehold land and buildings

-

over remaining period of lease

Plant and machinery

-

20% on cost

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

33% on cost

Stocks

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving

stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 25 (2018 - 27 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 September 2018

and 31 August 2019

80,000

AMORTISATION

At 1 September 2018

74,722

Amortisation for year

880

At 31 August 2019

75,602

NET BOOK VALUE

At 31 August 2019

4,398

At 31 August 2018

5,278

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 September 2018

375,364

Additions

19,749

At 31 August 2019

395,113

DEPRECIATION

At 1 September 2018

286,766

Charge for year

16,774

At 31 August 2019

303,540

NET BOOK VALUE

At 31 August 2019

91,573

At 31 August 2018

88,598

6.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2019

2018

£

£

Within one year

75,000

75,000

Between one and five years

300,000

300,000

In more than five years

-

75,000

375,000

450,000

7.	RELATED PARTY DISCLOSURES