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REGISTERED NUMBER: 01227541 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

NORTH WOLD INNS LIMITED

NORTH WOLD INNS LIMITED (REGISTERED NUMBER: 01227541)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


NORTH WOLD INNS LIMITED

COMPANY INFORMATION
for the Year Ended 31 December 2023







DIRECTORS: A Langley
S W Lunt





SECRETARY: S W Lunt





REGISTERED OFFICE: Waterside Road
Beverley
East Yorkshire
HU17 0ST





REGISTERED NUMBER: 01227541 (England and Wales)





ACCOUNTANTS: Sowerby
Chartered Accountants
Beckside Court
Annie Reed Road
Beverley
East Yorkshire
HU17 0LF

NORTH WOLD INNS LIMITED (REGISTERED NUMBER: 01227541)

BALANCE SHEET
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 477,457 459,410

CURRENT ASSETS
Stocks 5,000 5,000
Debtors 5 798,480 800,167
Cash at bank and in hand 65,720 75,790
869,200 880,957
CREDITORS
Amounts falling due within one year 6 1,064,339 1,096,711
NET CURRENT LIABILITIES (195,139 ) (215,754 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

282,318

243,656

CREDITORS
Amounts falling due after more than one year 7 (13,092 ) (23,092 )

PROVISIONS FOR LIABILITIES (3,238 ) -
NET ASSETS 265,988 220,564

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Revaluation reserve 9 305,095 305,095
Retained earnings (49,107 ) (94,531 )
SHAREHOLDERS' FUNDS 265,988 220,564

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

NORTH WOLD INNS LIMITED (REGISTERED NUMBER: 01227541)

BALANCE SHEET - continued
31 December 2023


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 Board of Directors and authorised for issue on 21 May 2024 and were signed on its behalf by:




A Langley - Director



S W Lunt - Director


NORTH WOLD INNS LIMITED (REGISTERED NUMBER: 01227541)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023


1. STATUTORY INFORMATION

North Wold Inns Limited is a private company limited by shares and incorporated and domiciled in England. It has its registered office at Waterside Road, Beverley, HU17 0ST.

The principal activity of the company is that of a public house.

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

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 as modified by the revaluation of certain assets.

Having regard to liquidity risk, current market conditions and other factors affecting the company including the impact of the current economic environment, the use of the going concern basis of accounting is appropriate as, in the opinion of the directors, there are no material uncertainties related to events or conditions that may cast significant doubt about the ability of the company to continue as a going concern.

Turnover
Turnover is the amount derived from ordinary activities, measured at the fair value of the consideration received or receivable. Turnover excludes value added tax and trade discounts.

Turnover from the sale of goods is recognised at the point of sale.

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 etc - 33.3% on cost, 25% on cost, 20% on cost and 10% on cost

Land and buildings are measured under the revaluation model with changes in fair value recognised in other comprehensive income.

Other tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses.

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell, after making due allowance for obsolete and slow moving items. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. Stock is calculated on the first in first out basis.

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 balance sheet date.

NORTH WOLD INNS LIMITED (REGISTERED NUMBER: 01227541)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 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 balance sheet 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 19 (2022 - 18 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 January 2023 381,761 319,888 701,649
Additions - 22,690 22,690
At 31 December 2023 381,761 342,578 724,339
DEPRECIATION
At 1 January 2023 - 242,239 242,239
Charge for year - 4,643 4,643
At 31 December 2023 - 246,882 246,882
NET BOOK VALUE
At 31 December 2023 381,761 95,696 477,457
At 31 December 2022 381,761 77,649 459,410

NORTH WOLD INNS LIMITED (REGISTERED NUMBER: 01227541)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023


4. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 31 December 2023 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2004 305,095 - 305,095
Cost 76,666 342,578 419,244
381,761 342,578 724,339

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by group undertakings 796,011 796,011
Other debtors 2,469 4,156
798,480 800,167

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 40,787 37,807
Taxation and social security 38,268 36,607
Other creditors 975,284 1,012,297
1,064,339 1,096,711

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 13,092 23,092

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 23,092 33,092

The loan is secured by fixed and floating charges over all property and assets, uncalled capital, debtors and cash at bank, both present and future.

NORTH WOLD INNS LIMITED (REGISTERED NUMBER: 01227541)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023


9. RESERVES
Revaluation
reserve
£   
At 1 January 2023
and 31 December 2023 305,095

10. OTHER FINANCIAL COMMITMENTS

At 31 December 2023, the company had total commitments under non-cancellable operating leases over the remaining life of those leases of £8,250.(2022: £804).

11. ULTIMATE PARENT UNDERTAKING

The company's ultimate parent undertaking at the balance sheet date was Coolspec Limited, a company registered in England and Wales.