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REGISTERED NUMBER: 13619202 (England and Wales)

















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: Miss J Dobb



REGISTERED OFFICE: 32 Longden Green
Shrewsbury
Shropshire
SY3 7HL



REGISTERED NUMBER: 13619202 (England and Wales)



ACCOUNTANTS: WR Partners
Chartered Accountants
Belmont House
Shrewsbury Business Park
Shrewsbury
Shropshire
SY2 6LG



BANKERS: Lloyds Bank Plc
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 8,775 5,850

CURRENT ASSETS
Inventories 17,740 13,480
Debtors 5 417,336 198,107
Cash at bank and in hand 34,729 62,815
469,805 274,402
CREDITORS
Amounts falling due within one year 6 85,403 90,376
NET CURRENT ASSETS 384,402 184,026
TOTAL ASSETS LESS CURRENT
LIABILITIES

393,177

189,876

PROVISIONS FOR LIABILITIES 1,562 526
NET ASSETS 391,615 189,350

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 391,515 189,250
391,615 189,350

The Nags Head (Wyle Cop) Limited (Registered number: 13619202)

Statement of Financial Position - continued
13 November 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 13 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 13 November 2023 in accordance with Section 476 of the Companies Act 2006.

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.

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 28 August 2024 and were signed by:





Miss J Dobb - Director


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 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
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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on reducing balance

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 11 (2022 - 11 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 14 November 2022 197 6,412 242 6,851
Additions 684 3,466 - 4,150
At 13 November 2023 881 9,878 242 11,001
DEPRECIATION
At 14 November 2022 45 882 74 1,001
Charge for year 139 1,031 55 1,225
At 13 November 2023 184 1,913 129 2,226
NET BOOK VALUE
At 13 November 2023 697 7,965 113 8,775
At 13 November 2022 152 5,530 168 5,850

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 417,336 198,107

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 2,512 6,352
Taxation and social security 73,058 51,340
Other creditors 9,833 32,684
85,403 90,376

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.