Wentworth Hotel Holdings Limited 12764546 false 2023-01-01 2023-12-31 2023-12-31 The principal activity of the company is that of a holding company. Digita Accounts Production Advanced 6.30.9574.0 true false 12764546 2023-01-01 2023-12-31 12764546 2023-12-31 12764546 bus:OrdinaryShareClass1 bus:OtherShareType 2023-12-31 12764546 core:ShareCapital 2023-12-31 12764546 core:CurrentFinancialInstruments 2023-12-31 12764546 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 12764546 bus:SmallEntities 2023-01-01 2023-12-31 12764546 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 12764546 bus:FilletedAccounts 2023-01-01 2023-12-31 12764546 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 12764546 bus:RegisteredOffice 2023-01-01 2023-12-31 12764546 bus:Director1 2023-01-01 2023-12-31 12764546 bus:OrdinaryShareClass1 bus:OtherShareType 2023-01-01 2023-12-31 12764546 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 12764546 core:OtherRelatedParties 2023-01-01 2023-12-31 12764546 countries:EnglandWales 2023-01-01 2023-12-31 12764546 core:CostValuation 2022-12-31 12764546 2022-01-01 2022-12-31 12764546 2022-12-31 12764546 bus:OrdinaryShareClass1 bus:OtherShareType 2022-12-31 12764546 core:ShareCapital 2022-12-31 12764546 core:CurrentFinancialInstruments 2022-12-31 12764546 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 12764546

Wentworth Hotel Holdings Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2023

 

Wentworth Hotel Holdings Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

Wentworth Hotel Holdings Limited

Company Information

Director

Mr Michael George Ashby Pritt

Registered office

The Wentworth Hotel
Wentworth Road
Aldeburgh
Suffolk
IP15 5BD

Accountants

Jacobs Allen Limited
Chartered Accountants & Chartered Tax Advisers
59 Abbeygate Street
Bury St. Edmunds
Suffolk
IP33 1LB

 

Wentworth Hotel Holdings Limited

(Registration number: 12764546)
Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Investments

4

11,658,956

11,658,956

Current assets

 

Debtors

5

1,199,998

-

Creditors: Amounts falling due within one year

6

(1,199,998)

-

Net current assets/(liabilities)

 

-

-

Net assets

 

11,658,956

11,658,956

Capital and reserves

 

Called up share capital

7

11,658,956

11,658,956

Shareholders' funds

 

11,658,956

11,658,956

For the financial year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 30 August 2024
 

.........................................
Mr Michael George Ashby Pritt
Director

 

Wentworth Hotel Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
The Wentworth Hotel
Wentworth Road
Aldeburgh
Suffolk
IP15 5BD
England

These financial statements were authorised for issue by the director on 30 August 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Group accounts not prepared

The company is the parent company of a small group. The company has taken advantage of the exemption provided by Section 398 of the Companies Act 2006 and has not prepared group accounts. These accounts therefore relate to this individual company only.

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

The investment in the subsidiary is measured at cost less impairment.

Dividends from the subsidiary are recognised in income when receivable.

Borrowings

Loans and borrowings which comprise balances on shareholder loan accounts regarding dividends are classified as current liabilities as they are payable on demand.

 

Wentworth Hotel Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 1).

4

Investments

2023
£

2022
£

Investments in subsidiaries

11,658,956

11,658,956

Subsidiaries

£

Cost or valuation

At 1 January 2023

11,658,956

Provision

Carrying amount

At 31 December 2023

11,658,956

At 31 December 2022

11,658,956

5

Debtors

Current

Note

2023
£

2022
£

Amounts owed by group undertakings

9

1,199,998

-

   

1,199,998

-

 

Wentworth Hotel Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

6

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

8

1,199,998

-

7

Share capital

Allotted, called up and fully paid shares

2023

2022

No.

£

No.

£

Ordinary shares of £1 each

11,658,956

11,658,956

11,658,956

11,658,956

       

8

Loans and borrowings

Current loans and borrowings

2023
£

2022
£

Other borrowings

1,199,998

-

9

Related party transactions

Summary of transactions with other related parties

A dividend of £1,199,998 was receivable from the subsidiary at the year-end.

Following the crediting of dividends, amounts payable on demand totalling £1,199,998 were owing on interest-free shareholders loan accounts at the year-end.