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REGISTERED NUMBER: 10895977 (England and Wales)







Unaudited Financial Statements for the Year Ended 31 August 2023

for

Weston Inns Ltd

Weston Inns Ltd (Registered number: 10895977)






Contents of the Financial Statements
for the Year Ended 31 August 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Weston Inns Ltd

Company Information
for the Year Ended 31 August 2023







DIRECTOR: P C Tilley





REGISTERED OFFICE: 7 Cherrywood Rise
Worle
Weston-Super-Mare
BS22 6QW





REGISTERED NUMBER: 10895977 (England and Wales)





ACCOUNTANTS: Dunkley's
Woodlands Grange
Woodlands Lane
Bradley Stoke
Bristol
BS32 4JY

Weston Inns Ltd (Registered number: 10895977)

Balance Sheet
31 August 2023

31.8.23 31.8.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 252,668 257,581

CURRENT ASSETS
Stocks 6,633 3,158
Debtors 5 - 30
Cash at bank and in hand 73,709 49,923
80,342 53,111
CREDITORS
Amounts falling due within one year 6 217,361 241,950
NET CURRENT LIABILITIES (137,019 ) (188,839 )
TOTAL ASSETS LESS CURRENT LIABILITIES 115,649 68,742

PROVISIONS FOR LIABILITIES 6,668 5,842
NET ASSETS 108,981 62,900

CAPITAL AND RESERVES
Called up share capital 7 1 1
Retained earnings 108,980 62,899
SHAREHOLDERS' FUNDS 108,981 62,900

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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

The financial statements were approved by the director and authorised for issue on 22 March 2024 and were signed by:





P C Tilley - Director


Weston Inns Ltd (Registered number: 10895977)

Notes to the Financial Statements
for the Year Ended 31 August 2023

1. STATUTORY INFORMATION

Weston Inns 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.

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 each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 25% on cost

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

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2022 - 8 ) .

Weston Inns Ltd (Registered number: 10895977)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
Freehold to Plant and and
property property machinery fittings Totals
£    £    £    £    £   
COST
At 1 September 2022 213,748 8,435 55,622 13,800 291,605
Additions - - 4,428 - 4,428
At 31 August 2023 213,748 8,435 60,050 13,800 296,033
DEPRECIATION
At 1 September 2022 - - 25,597 8,427 34,024
Charge for year - - 6,378 2,963 9,341
At 31 August 2023 - - 31,975 11,390 43,365
NET BOOK VALUE
At 31 August 2023 213,748 8,435 28,075 2,410 252,668
At 31 August 2022 213,748 8,435 30,025 5,373 257,581

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Other debtors - 30

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Trade creditors 12,479 9,976
Tax 13,838 7,330
Social security and other taxes 1,500 1,818
VAT 13,076 14,532
Other creditors 198 174
Directors' current accounts 174,620 206,620
Accruals and deferred income 1,650 1,500
217,361 241,950

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.23 31.8.22
value: £    £   
10 Ordinary 10p 1 1

Weston Inns Ltd (Registered number: 10895977)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

8. RELATED PARTY DISCLOSURES

In accordance with FRS 102, s1AC.35, the following are the categories and transactions conducted with, and balances owing to/from, related parties, where those transactions are both material and not conducted under normal market conditions.

Balances reported here are limited to those with related parties that hold a participating interest in the company, related parties in which the company holds a participating interest, and transactions with directors.

None

Unless otherwise noted, any outstanding balances outstanding are interest free, unsecured and repayable on demand.
Any necessary information to further explain a transaction is detailed here.


During the year the company operated from a building owned by a company related by common ownership.
The company was not charged rent during the year. The director believes the market rate of rent to be £20,000 per annum.