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Registered Number: 06421831
England and Wales

 

 

 

THE WELLINGTON ARMS LTD


Unaudited Financial Statements
 


Period of accounts

Start date: 01 December 2022

End date: 30 November 2023
Directors Mr S Page
Mr J King
Registered Number 06421831
Registered Office The Wellington Arms
Baughurst Road,
Baughurst,
Tadley,
RG26 5LP
Accountants Blue Peak
100 Berkshire Place
GF33
Winnersh
RG41 5RD
1
 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Tangible fixed assets 3 1,013,037    949,012 
1,013,037    949,012 
Current assets      
Stocks 4 9,031    9,031 
Debtors 5 140,617    4,560 
Cash at bank and in hand 147,443    238,598 
297,091    252,189 
Creditors: amount falling due within one year 6 (334,424)   (168,970)
Net current assets (37,333)   83,219 
 
Total assets less current liabilities 975,704    1,032,231 
Creditors: amount falling due after more than one year 7 (362,372)   (395,767)
Provisions for liabilities 8 (10,363)   (10,363)
Net assets 602,969    626,101 
 

Capital and reserves
     
Called up share capital 9 100    100 
Profit and loss account 602,869    626,001 
Shareholders' funds 602,969    626,101 
 


For the financial year ended 30 November 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 .
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These 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 to the Registrar of Companies.
The financial statements were approved by the board of directors on 09 September 2024 and were signed on its behalf by:


-------------------------------
Mr S Page
Director
2
General Information
The Wellington Arms Ltd is a private company, limited by shares, registered in England and Wales, registration number 06421831, registration address The Wellington Arms, Baughurst Road,, Baughurst,, Tadley,, RG26 5LP.

The presentation currency is £ sterling.
1.

Accounting policies

Accounting convention
These financial statements have been prepared in accordance with FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business , and is shown net of VAT and other sales related taxes .

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods) , the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Revenue from the sales of services is recognised when the services have been completed for the customer. The company does not enter into long term contracts which span a period end.
Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets .

The cost of any unused holiday entitlement is recognised in the period in which the employees services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The companys liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Current and deferred tax assets and liabilities are not discounted
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Freehold Land and Buildings 2% Straight Line
Motor Vehicles 25% Reducing Balance
Fixtures and Fittings 25% Reducing Balance
Computer Equipment 33% Straight Line
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the year was 21 (2022 : 21).
3.

Tangible fixed assets

Cost or valuation Freehold Land and Buildings   Motor Vehicles   Fixtures and Fittings   Computer Equipment   Total
  £   £   £   £   £
At 01 December 2022 965,673      514,538    1,773    1,481,984 
Additions   21,000    116,811      137,811 
Disposals        
At 30 November 2023 965,673    21,000    631,349    1,773    1,619,795 
Depreciation
At 01 December 2022 115,816      415,800    1,357    532,973 
Charge for year 19,313    438    53,887    147    73,785 
On disposals        
At 30 November 2023 135,129    438    469,687    1,504    606,758 
Net book values
Closing balance as at 30 November 2023 830,544    20,562    161,662    269    1,013,037 
Opening balance as at 01 December 2022 849,857      98,738    417    949,012 


4.

Stocks

2023
£
  2022
£
Stocks 9,031    9,031 
9,031    9,031 

5.

Debtors: amounts falling due within one year

2023
£
  2022
£
Prepayments & Accrued Income 119,092    4,560 
Other Debtors 1,172   
Corporation Tax 20,353   
140,617    4,560 

6.

Creditors: amount falling due within one year

2023
£
  2022
£
Trade Creditors 2,627    54,129 
Bank Loans & Overdrafts 95,193    56,991 
Corporation Tax   21,435 
PAYE & Social Security 5,284    6,233 
VAT   13,637 
Accrued Expenses 3,600    1,800 
Other Creditors 28,341    14,745 
Directors' Current Accounts 199,379   
334,424    168,970 

7.

Creditors: amount falling due after more than one year

2023
£
  2022
£
Bank Loans & Overdrafts 362,372    395,767 
362,372    395,767 

8.

Provisions for liabilities

2023
£
  2022
£
Deferred Tax 10,363    10,363 
10,363    10,363 

9.

Share Capital

Allotted, called up and fully paid
2023
£
  2022
£
100 Ordinary shares of £1.00 each 100    100 
100    100 

3