REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 13 November 2023 |
for |
The Nags Head (Wyle Cop) Limited |
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 13 November 2023 |
for |
The Nags Head (Wyle Cop) Limited |
The Nags Head (Wyle Cop) Limited (Registered number: 13619202) |
Contents of the Financial Statements |
for the year ended 13 November 2023 |
Page |
Company Information | 1 |
Statement of Financial Position | 2 |
Notes to the Financial Statements | 4 |
The Nags Head (Wyle Cop) Limited |
Company Information |
for the year ended 13 November 2023 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
Belmont House |
Shrewsbury Business Park |
Shrewsbury |
Shropshire |
SY2 6LG |
BANKERS: |
98 Victoria Street |
London |
SW1E 5JL |
The Nags Head (Wyle Cop) Limited (Registered number: 13619202) |
Statement of Financial Position |
13 November 2023 |
2023 | 2022 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Property, plant and equipment | 4 |
CURRENT ASSETS |
Inventories |
Debtors | 5 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
The Nags Head (Wyle Cop) Limited (Registered number: 13619202) |
Statement of Financial Position - continued |
13 November 2023 |
The director acknowledges her 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. |
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 |
The Nags Head (Wyle Cop) Limited (Registered number: 13619202) |
Notes to the Financial Statements |
for the year ended 13 November 2023 |
1. | STATUTORY INFORMATION |
The Nags Head (Wyle Cop) Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Revenue 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 |
Plant and machinery | - |
Fixtures and fittings | - |
Computer equipment | - |
Stocks |
Inventories 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 statement of financial position date. |
The Nags Head (Wyle Cop) Limited (Registered number: 13619202) |
Notes to the Financial Statements - continued |
for the year ended 13 November 2023 |
2. | ACCOUNTING POLICIES - continued |
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. |
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 |
4. | PROPERTY, PLANT AND EQUIPMENT |
Fixtures |
Plant and | and | Computer |
machinery | fittings | equipment | Totals |
£ | £ | £ | £ |
COST |
At 14 November 2022 |
Additions |
At 13 November 2023 |
DEPRECIATION |
At 14 November 2022 |
Charge for year |
At 13 November 2023 |
NET BOOK VALUE |
At 13 November 2023 |
At 13 November 2022 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Other debtors |
The Nags Head (Wyle Cop) Limited (Registered number: 13619202) |
Notes to the Financial Statements - continued |
for the year ended 13 November 2023 |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Trade creditors |
Taxation and social security |
Other creditors |
7. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
Included in other debtors is an amount of £176,965 (2022 - creditor £21,940) due from the director of the company. Interest is being charged at the official rate and the amount is repayable on demand. |
8. | RELATED PARTY DISCLOSURES |
During the year dividends of £19,025 (2022 - £4,000) were paid out by the company and received by the director. |
Include in other debtors is an interest free loan of £226,309 (2022 - £186,279) due from Reabrook Properties Limited, a company under common control. |