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REGISTERED NUMBER: 08762676 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022

FOR

WORLDWIDE HOTEL DEVELOPMENT LIMITED

WORLDWIDE HOTEL DEVELOPMENT LIMITED (REGISTERED NUMBER: 08762676)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


WORLDWIDE HOTEL DEVELOPMENT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2022







DIRECTORS: Mr Jean-Marc Grosfort
Mrs Ann Grosfort





REGISTERED OFFICE: 3 Jesse Terrace
Reading
Berkshire
RG1 7RS





REGISTERED NUMBER: 08762676 (England and Wales)





ACCOUNTANTS: Malcolm J. Greer FCCA, ATT
Chartered Certified Accountant
3 Jesse Terrace
Reading
Berkshire
RG1 7RS

WORLDWIDE HOTEL DEVELOPMENT LIMITED (REGISTERED NUMBER: 08762676)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2022

31.3.22 31.3.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 9,486 8,029

CURRENT ASSETS
Debtors 5 1,776 4,734
Cash at bank 58,479 63,142
60,255 67,876
CREDITORS
Amounts falling due within one year 6 6,644 5,168
NET CURRENT ASSETS 53,611 62,708
TOTAL ASSETS LESS CURRENT
LIABILITIES

63,097

70,737

PROVISIONS FOR LIABILITIES 7 495 127
NET ASSETS 62,602 70,610

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 62,502 70,510
SHAREHOLDERS' FUNDS 62,602 70,610

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 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.

WORLDWIDE HOTEL DEVELOPMENT LIMITED (REGISTERED NUMBER: 08762676)

STATEMENT OF FINANCIAL POSITION - continued
31 MARCH 2022


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 May 2022 and were signed on its behalf by:





Mr Jean-Marc Grosfort - Director


WORLDWIDE HOTEL DEVELOPMENT LIMITED (REGISTERED NUMBER: 08762676)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

1. STATUTORY INFORMATION

Worldwide Hotel Development 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 measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 10% on cost
Fixtures and fittings - 25% on cost
Computer equipment - 33% on cost

Financial instruments
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.


WORLDWIDE HOTEL DEVELOPMENT LIMITED (REGISTERED NUMBER: 08762676)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2022

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2021 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 April 2021 8,568 3,163 3,202 14,933
Additions - 650 2,129 2,779
At 31 March 2022 8,568 3,813 5,331 17,712
DEPRECIATION
At 1 April 2021 997 3,164 2,743 6,904
Charge for year 856 52 414 1,322
At 31 March 2022 1,853 3,216 3,157 8,226
NET BOOK VALUE
At 31 March 2022 6,715 597 2,174 9,486
At 31 March 2021 7,571 (1 ) 459 8,029

WORLDWIDE HOTEL DEVELOPMENT LIMITED (REGISTERED NUMBER: 08762676)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2022

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.22 31.3.21
£    £   
Trade debtors 843 3,353
Corporation tax recoverable - 1,281
VAT 833 -
Called up share capital not paid 100 100
1,776 4,734

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.22 31.3.21
£    £   
Trade creditors 121 120
Corporation tax 4,392 1,273
Social security and other taxes 25 25
VAT - 1,120
Directors' current accounts 739 1,450
Accruals and deferred income 1,367 1,180
6,644 5,168

7. PROVISIONS FOR LIABILITIES
31.3.22 31.3.21
£    £   
Deferred tax - Accelerated capital
allowances

495

127

Deferred
tax
£   
Balance at 1 April 2021 127
Provided during year 368
Balance at 31 March 2022 495

8. CALLED UP SHARE CAPITAL


Allotted and issued:
Number: Class: Nominal 31.3.22 31.3.21
value: £    £   
100 Ordinary shares A - E £1 100 100

The total share capital of the Company is sub divided into five separate classes of ordinary share labelled A to E inclusive, each class containing an authorised share capital of 10,000 shares.

The shares have the same rights and restrictions and rank pari passu in all respects save that as regards voting and as regards income. shares classes A to E inclusive shall be entitled to payments of varying amounts of dividends at the discretion of the directors, as declared by the Company from time to time.

9. RELATED PARTY DISCLOSURES

During the year, total dividends of £27,000 (2021 - £14,000) were paid to the directors .