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REGISTERED NUMBER: 08217719 (England and Wales)















Financial Statements for the Year Ended 31 December 2022

for

Woodhall Manor Events Ltd

Woodhall Manor Events Ltd (Registered number: 08217719)






Contents of the Financial Statements
for the Year Ended 31 December 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Woodhall Manor Events Ltd

Company Information
for the Year Ended 31 December 2022







DIRECTORS: Mr Michael John Anthony Chittenden
Miss Tammy Louise Madge





SECRETARY: Mr Michael John Anthony Chittenden





REGISTERED OFFICE: Arle Court (Manor House)
Hatherley Lane
Cheltenham
GL51 6PN





REGISTERED NUMBER: 08217719 (England and Wales)





AUDITORS: Cartwrights
Chartered Accountants and Business Advisors
Statutory Auditor
Regency House
33 Wood Street
Barnet
Hertfordshire
EN5 4BE

Woodhall Manor Events Ltd (Registered number: 08217719)

Balance Sheet
31 December 2022

31/12/22 31/12/21
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 58,263 117,263
Tangible assets 5 174,411 155,865
232,674 273,128

CURRENT ASSETS
Stocks 15,144 17,992
Debtors 6 1,685,912 1,965,975
Cash at bank and in hand 256,756 218,691
1,957,812 2,202,658
CREDITORS
Amounts falling due within one year 7 1,522,959 2,059,262
NET CURRENT ASSETS 434,853 143,396
TOTAL ASSETS LESS CURRENT
LIABILITIES

667,527

416,524

CREDITORS
Amounts falling due after more than one year 8 (217,500 ) (247,500 )

PROVISIONS FOR LIABILITIES (28,040 ) (10,347 )
NET ASSETS 421,987 158,677

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 421,887 158,577
421,987 158,677

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 September 2023 and were signed on its behalf by:





Mr Michael John Anthony Chittenden - Director


Woodhall Manor Events Ltd (Registered number: 08217719)

Notes to the Financial Statements
for the Year Ended 31 December 2022

1. STATUTORY INFORMATION

Woodhall Manor Events Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Wedding services
Turnover is recognised on the day of the wedding taken place when the company has earned the income and services have been provided to the customer.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 20% SL
Computer Equipment - 20% SL
Fixtures and Fittings - 10% SL
Motor Vehicle - 15% SL

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Woodhall Manor Events Ltd (Registered number: 08217719)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022

2. ACCOUNTING POLICIES - continued

Financial instruments
Financial assets
Basic financial assets, including trade and other debtors and cash and bank balances are initially recognised at the transaction value.

They are then subsequently carried at amortised cost using the effective interest rate method.

At the end of each reporting period financial assets are assessed for impairment. If an impairment exists the impairment loss is recognised in the income statement.

Financial assets are derecognised when:
- the contractual right to cash flows from the asset are settled or expire,
- substantially all the risk and rewards of the ownership of the asset are transferred to another party or
- despite retaining some significant risks and rewards, control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset without additional restrictions.

Financial liabilities
Basic financial liabilities, including trade and other creditors are initially recognised at the transaction value.

They are then subsequently carried at amortised cost using the effective interest rate method.

Financial liabilities are derecognised when the liability is discharged, cancelled or expires.

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 43 (2021 - 32 ) .

Woodhall Manor Events Ltd (Registered number: 08217719)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2022
and 31 December 2022 590,000
AMORTISATION
At 1 January 2022 472,737
Charge for year 59,000
At 31 December 2022 531,737
NET BOOK VALUE
At 31 December 2022 58,263
At 31 December 2021 117,263

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 January 2022 44,358 445,104 38,319 527,781
Additions - 57,080 - 57,080
At 31 December 2022 44,358 502,184 38,319 584,861
DEPRECIATION
At 1 January 2022 33,817 305,537 32,562 371,916
Charge for year 3,261 33,316 1,957 38,534
At 31 December 2022 37,078 338,853 34,519 410,450
NET BOOK VALUE
At 31 December 2022 7,280 163,331 3,800 174,411
At 31 December 2021 10,541 139,567 5,757 155,865

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/22 31/12/21
£    £   
Trade debtors 371,621 816,569
Amounts owed by group undertakings 1,117,521 945,217
Other debtors 196,770 204,189
1,685,912 1,965,975

Woodhall Manor Events Ltd (Registered number: 08217719)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/22 31/12/21
£    £   
Bank loans and overdrafts 37,039 41,802
Trade creditors 57,942 41,729
Amounts owed to group undertakings 158,239 -
Taxation and social security 208,945 211,958
Other creditors 1,060,794 1,763,773
1,522,959 2,059,262

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/12/22 31/12/21
£    £   
Bank loans 217,500 247,500

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 97,500 127,500

Total amount of £300,000 received in 2021. The loan term is 6 years from the date of the first drawdown. Repayments are payable monthly over the duration of the loan term.
The loan is then subsequently measured using the amortised cost method, which uses the effective interest rate.

9. SECURED DEBTS

Santander Uk Plc holds a debenture dated 3 December 2018 over the company's assets.

10. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Eric McIntyre (Senior Statutory Auditor)
for and on behalf of Cartwrights

11. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Included in other debtors is a balance of £98,118 (2021: £97,176) owed by MRM 47 Ltd, £25,000 (2021: £25,000) owed by Eastgate Street Ltd and - £474 (2021: £5,014 owed by) owed to The Ordnance Depot Ltd. The companies are under the control of the director, M Chittenden.

At the balance sheet date, the amount of £15,977 (2021: £31,243) was owed to the directors of the company.

Woodhall Manor Events Ltd (Registered number: 08217719)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022

12. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Heritage Rocks Ltd, which is jointly owned by the directors.