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 2021

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

G Gennard

S J Kenworthy

M Kenworthy

REGISTERED OFFICE:

The Old Grammar School

13 Moorgate Road

Rotherham

South Yorkshire

S60 2EN

REGISTERED NUMBER:

02809848 (England and Wales)

ACCOUNTANTS:

Kingswood Allotts Limited

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

2,638

3,518

Tangible assets

5

74,076

83,114

76,714

86,632

CURRENT ASSETS

Stocks

12,505

14,151

Debtors

6,573

18,972

Cash at bank

89,620

35,212

108,698

68,335

CREDITORS

Amounts falling due within one year

238,596

268,490

NET CURRENT LIABILITIES

(129,898

)

(200,155

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(53,184

)

(113,523

)

CREDITORS

Amounts falling due after more than one year

38,080

-

NET LIABILITIES

(91,264

)

(113,523

)

CAPITAL AND RESERVES

Called up share capital

19,998

19,998

Retained earnings

(111,262

)

(133,521

)

SHAREHOLDERS' FUNDS

(91,264

)

(113,523

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2021 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 2021 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 and authorised for issue on 29 April 2022 and were signed on its behalf by:

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 18 (2020 - 18 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 September 2020

and 31 August 2021

80,000

AMORTISATION

At 1 September 2020

76,482

Amortisation for year

880

At 31 August 2021

77,362

NET BOOK VALUE

At 31 August 2021

2,638

At 31 August 2020

3,518

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 September 2020

404,080

Additions

7,624

At 31 August 2021

411,704

DEPRECIATION

At 1 September 2020

320,966

Charge for year

16,662

At 31 August 2021

337,628

NET BOOK VALUE

At 31 August 2021

74,076

At 31 August 2020

83,114

6.	LEASING AGREEMENTS

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

2021

2020

£

£

Within one year

70,000

75,000

Between one and five years

140,000

225,000

210,000

300,000

7.	RELATED PARTY DISCLOSURES