| The Swan Inn Newland Limited |
| Registered number: |
07090114 |
| Balance Sheet |
| as at 30 November 2016 |
|
| Notes |
|
|
2016 |
|
|
2015 |
| £ |
£ |
| Fixed assets |
| Intangible assets |
3 |
|
|
12,000 |
|
|
15,000 |
| Tangible assets |
4 |
|
|
17,927 |
|
|
21,758 |
|
|
|
|
29,927 |
|
|
36,758 |
|
| Current assets |
| Stocks |
|
|
16,960 |
|
|
15,647 |
| Debtors |
5 |
|
46,440 |
|
|
46,865 |
| Prepayments and accrued income |
|
|
5,460 |
|
|
4,901 |
| Cash at bank and in hand |
|
|
76,998 |
|
|
68,659 |
|
|
|
145,858 |
|
|
136,072 |
|
| Creditors: amounts falling due within one year |
6 |
|
(58,341) |
|
|
(64,772) |
|
| Net current assets |
|
|
|
87,517 |
|
|
71,300 |
|
| Total assets less current liabilities |
|
|
|
117,444 |
|
|
108,058 |
|
|
| Provisions for liabilities |
|
|
|
(2,319) |
|
|
(2,749) |
|
|
| Net assets |
|
|
|
115,125 |
|
|
105,309 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
2 |
|
|
2 |
| Profit and loss account |
|
|
|
115,123 |
|
|
105,307 |
|
| Shareholders' funds |
|
|
|
115,125 |
|
|
105,309 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
| D Ironmonger |
| Director |
| Approved by the board on 14 August 2017 |
|
| The Swan Inn Newland Limited |
| Notes to the Accounts |
| for the year ended 30 November 2016 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. |
|
|
Intangible fixed assets |
|
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Plant and machinery |
20% on reducing balance |
|
|
Stocks |
|
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised. |
|
|
Taxation |
|
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. |
| 2 |
Employees |
2016 |
|
2015 |
| Number |
Number |
|
|
Average number of persons employed by the company |
31 |
|
28 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Intangible fixed assets |
£ |
|
Goodwill: |
|
|
Cost |
|
At 1 December 2015 |
15,000 |
|
At 30 November 2016 |
15,000 |
|
|
|
|
|
|
|
|
|
|
Amortisation |
|
Provided during the year |
3,000 |
|
At 30 November 2016 |
3,000 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 30 November 2016 |
12,000 |
|
At 30 November 2015 |
15,000 |
|
|
|
|
|
|
|
|
|
|
| 4 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Plant and machinery etc |
| £ |
|
Cost |
|
At 1 December 2015 |
52,504 |
|
Additions |
650 |
|
At 30 November 2016 |
53,154 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 December 2015 |
30,746 |
|
Charge for the year |
4,481 |
|
At 30 November 2016 |
35,227 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 30 November 2016 |
17,927 |
|
At 30 November 2015 |
21,758 |
|
|
| 5 |
Debtors |
2016 |
|
2015 |
| £ |
£ |
|
|
Trade debtors |
1,213 |
|
2,460 |
|
Other debtors |
45,227 |
|
44,405 |
|
|
|
|
|
|
46,440 |
|
46,865 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due within one year |
2016 |
|
2015 |
| £ |
£ |
|
|
Trade creditors |
24,936 |
|
37,683 |
|
Corporation tax |
10,160 |
|
4,779 |
|
Other taxes and social security costs |
18,413 |
|
16,060 |
|
Other creditors |
4,832 |
|
6,250 |
|
|
|
|
|
|
58,341 |
|
64,772 |
|
|
|
|
|
|
|
|
|
| 7 |
Loans to directors |
| B/fwd |
Paid |
Repaid |
C/fwd |
| £ |
£ |
£ |
£ |
|
|
D Ironmonger |
17,761 |
|
822 |
|
- |
|
18,583 |
|
|
J Wallace |
17,761 |
|
- |
|
- |
|
17,761 |
|
|
|
35,522 |
|
822 |
|
- |
|
36,344 |
|
|
|
|
|
|
|
|
|
|
| 8 |
Other information |
|
|
The Swan Inn Newland Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
6 Link Way |
|
Howsell Road |
|
Malvern Link |
|
WR14 1UQ |
