Wentworth Inns Limited - Abbreviated accounts 16.1
Wentworth Inns Limited - Abbreviated accounts 16.1
| REGISTERED NUMBER: |
| Wentworth Inns Limited |
| Abbreviated Unaudited Accounts For The Year Ended 31 August 2015 |
| Wentworth Inns Limited (Registered number: 02809848) |
| Contents of the Abbreviated Accounts |
| For The Year Ended 31 August 2015 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 3 |
| Wentworth Inns Limited |
| Company Information |
| For The Year Ended 31 August 2015 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| BANKERS: |
| Wentworth Inns Limited (Registered number: 02809848) |
| Abbreviated Balance Sheet |
| 31 August 2015 |
| 2015 | 2014 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 2 |
| Tangible assets | 3 |
| CURRENT ASSETS |
| Stocks |
| Debtors |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES | ( |
) |
| PROVISIONS FOR LIABILITIES |
| NET (LIABILITIES)/ASSETS | ( |
) |
| CAPITAL AND RESERVES |
| Called up share capital | 4 |
| Profit and loss account | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) |
| 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 were approved by the Board of Directors on |
| Wentworth Inns Limited (Registered number: 02809848) |
| Notes to the Abbreviated Accounts |
| For The Year Ended 31 August 2015 |
| 1. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Notwithstanding the deficiency in net assets of £6,104 at the year end, 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. |
| Accounting convention |
| The financial statements have been prepared under the historical cost convention and in accordance with the Financial |
| Reporting Standard for Smaller Entities (effective April 2008). |
| 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. |
| Amortisation |
| Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their |
| expected useful economic life as follows: |
| Asset class | Amortisation method and rate |
| Goodwill | over the remaining term of the lease |
| Tangible fixed assets |
| Short leasehold land and buildings | - |
| Plant and machinery | - |
| Fixtures and fittings | - |
| Motor vehicles | - |
| Computer equipment | - |
| 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 |
| Deferred tax |
| Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain |
| items for taxation and accounting purposes, which have risen but not reversed by the balance sheet date, except as |
| required by the FRSSE. |
| Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are |
| expected to reverse, based on the tax rates and law enacted at the balance sheet date. |
| Hire purchase and leasing commitments |
| Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period |
| of the lease. |
| Wentworth Inns Limited (Registered number: 02809848) |
| Notes to the Abbreviated Accounts - continued |
| For The Year Ended 31 August 2015 |
| 2. | INTANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 September 2014 |
| and 31 August 2015 |
| AMORTISATION |
| At 1 September 2014 |
| Amortisation for year |
| At 31 August 2015 |
| NET BOOK VALUE |
| At 31 August 2015 |
| At 31 August 2014 |
| 3. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 September 2014 |
| Additions |
| At 31 August 2015 |
| DEPRECIATION |
| At 1 September 2014 |
| Charge for year |
| At 31 August 2015 |
| NET BOOK VALUE |
| At 31 August 2015 |
| At 31 August 2014 |
| 4. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2015 | 2014 |
| value: | £ | £ |
| Ordinary | £1 |
| 5. | ULTIMATE PARENT COMPANY |