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REGISTERED NUMBER: 08865568 (England and Wales)














The Wishing Well Inn Limited

Unaudited Financial Statements

for the Year Ended 31 January 2024






The Wishing Well Inn Limited (Registered number: 08865568)

Contents of the Financial Statements
for the Year Ended 31 January 2024










Page

Company information 1

Chartered accountants' report 2

Statement of financial position 3

Notes to the financial statements 5


The Wishing Well Inn Limited

Company Information
for the Year Ended 31 January 2024







Directors: Mrs L Ash
Mrs N Waltham





Secretary: B Waltham





Registered office: 1 Redmile Close
Dyke
Bourne
Lincolnshire
PE10 0DA





Registered number: 08865568 (England and Wales)





Accountants: Moore Thompson
Monica House
St Augustines Road
Wisbech
Cambridgeshire
PE13 3AD

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
The Wishing Well Inn Limited


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of financial position. Readers are cautioned that the Income statement and certain other primary statements and the Directors' report are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of The Wishing Well Inn Limited for the year ended 31 January 2024 which comprise the Statement of income and retained earnings, Statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of The Wishing Well Inn Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of The Wishing Well Inn Limited and state those matters that we have agreed to state to the Board of Directors of The Wishing Well Inn Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The Wishing Well Inn Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that The Wishing Well Inn Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of The Wishing Well Inn Limited. You consider that The Wishing Well Inn Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of The Wishing Well Inn Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Moore Thompson
Monica House
St Augustines Road
Wisbech
Cambridgeshire
PE13 3AD


13 September 2024

The Wishing Well Inn Limited (Registered number: 08865568)

Statement of Financial Position
31 January 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 5 807 2,890
Investment property 6 550,000 550,000
550,807 552,890

Current assets
Debtors 7 1,630 12,172
Cash at bank 18,617 12,499
20,247 24,671
Creditors
Amounts falling due within one year 8 6,338 13,985
Net current assets 13,909 10,686
Total assets less current liabilities 564,716 563,576

Creditors
Amounts falling due after more than one
year

9

(100,000

)

(110,000

)

Provisions for liabilities (57,952 ) (58,348 )
Net assets 406,764 395,228

The Wishing Well Inn Limited (Registered number: 08865568)

Statement of Financial Position - continued
31 January 2024

2024 2023
Notes £    £    £    £   

Capital and reserves
Called up share capital 40 40
Non distributable reserve 10 246,406 246,406
Retained earnings 10 160,318 148,782
406,764 395,228

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Statement of income and retained earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 September 2024 and were signed on its behalf by:




Mrs L Ash - Director



Mrs N Waltham - Director


The Wishing Well Inn Limited (Registered number: 08865568)

Notes to the Financial Statements
for the Year Ended 31 January 2024


1. Statutory information

The Wishing Well Inn 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. Statement of compliance

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.

3. Accounting policies

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 10 - 25% straight line

Freehold property has not been depreciated. The freehold property used by the company has not been depreciated, as in the opinion of the directors, taking account of the estimated useful life and realisable value of the property, any charge to depreciation would be immaterial.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

The Wishing Well Inn Limited (Registered number: 08865568)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024


4. Employees and directors

The average number of employees during the year was 2 (2023 - 2 ) .

5. Tangible fixed assets
Fixtures
and
fittings
£   
Cost
At 1 February 2023
and 31 January 2024 57,302
Depreciation
At 1 February 2023 54,412
Charge for year 2,083
At 31 January 2024 56,495
Net book value
At 31 January 2024 807
At 31 January 2023 2,890

6. Investment property
Total
£   
Fair value
At 1 February 2023
and 31 January 2024 550,000
Net book value
At 31 January 2024 550,000
At 31 January 2023 550,000

Fair value at 31 January 2024 is represented by:
£   
Valuation in 2021 304,205
Cost 245,795
550,000

If investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 245,795 245,795

Investment property was valued on an open market value basis on 31 January 2023 by the board of directors .

The Wishing Well Inn Limited (Registered number: 08865568)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024


7. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 100 10,729
Prepayments and accrued income 1,530 1,443
1,630 12,172

8. Creditors: amounts falling due within one year
2024 2023
£    £   
Tax 3,110 4,872
VAT 1,254 1,637
Accruals and deferred income 1,974 7,476
6,338 13,985

9. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Directors' loan accounts 100,000 110,000

10. Reserves
Non
Retained distributable
earnings reserve Totals
£    £    £   

At 1 February 2023 148,782 246,406 395,188
Profit for the year 11,536 11,536
At 31 January 2024 160,318 246,406 406,724