Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false192023-01-01falseNo description of principal activity18truetrue 12925528 2023-01-01 2023-12-31 12925528 2022-01-01 2022-12-31 12925528 2023-12-31 12925528 2022-12-31 12925528 c:CompanySecretary1 2023-01-01 2023-12-31 12925528 c:Director1 2023-01-01 2023-12-31 12925528 c:Director2 2023-01-01 2023-12-31 12925528 c:RegisteredOffice 2023-01-01 2023-12-31 12925528 d:ComputerEquipment 2023-01-01 2023-12-31 12925528 d:ComputerEquipment 2023-12-31 12925528 d:ComputerEquipment 2022-12-31 12925528 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 12925528 d:Goodwill 2023-12-31 12925528 d:Goodwill 2022-12-31 12925528 d:CurrentFinancialInstruments 2023-12-31 12925528 d:CurrentFinancialInstruments 2022-12-31 12925528 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 12925528 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 12925528 d:ShareCapital 2023-12-31 12925528 d:ShareCapital 2022-12-31 12925528 d:RetainedEarningsAccumulatedLosses 2023-12-31 12925528 d:RetainedEarningsAccumulatedLosses 2022-12-31 12925528 c:FRS102 2023-01-01 2023-12-31 12925528 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 12925528 c:FullAccounts 2023-01-01 2023-12-31 12925528 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 12925528 d:Goodwill d:OwnedIntangibleAssets 2023-01-01 2023-12-31 12925528 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure
Company registration number: 12925528







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 DECEMBER 2023


WN HOSPITALITY LIMITED






































img1d56.png                        

 


WN HOSPITALITY LIMITED
 


 
COMPANY INFORMATION


Directors
W S Norris 
F J Acquet 




Company secretary
F Acquet



Registered number
12925528



Registered office
Lynton House
7-12 Tavistock Square

London

WC1H 9LT




Accountants
Menzies LLP

Lynton House

7-12 Tavistock Square

London

WC1H 9LT





 


WN HOSPITALITY LIMITED
REGISTERED NUMBER:12925528



STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Intangible assets
 4 
1,467
2,267

Tangible assets
 5 
869
1,719

  
2,336
3,986

Current assets
  

Debtors: amounts falling due within one year
 6 
125,730
186,688

Cash at bank and in hand
  
152,327
121,333

  
278,057
308,021

Creditors: amounts falling due within one year
 7 
(217,605)
(252,446)

Net current assets
  
 
 
60,452
 
 
55,575

Total assets less current liabilities
  
62,788
59,561

  

Net assets
  
62,788
59,561


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
62,787
59,560

  
62,788
59,561


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 20 September 2024.

W S Norris
Director

Page 1

 


WN HOSPITALITY LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

WN Hospitality Limited is a private company, limited by shares, registered in England & Wales, company registration number 12925528. The registered office is disclosed on the company information page. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide catering and associated services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Page 2

 


WN HOSPITALITY LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

  
2.5

Intangible assets

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the
acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of
acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and
accumulated impairment losses. Goodwill is amortised on a straight line basis to the Statement of Income and
Retained Earnings over its useful economic life of 5 years.

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Computer equipment
-
33%
straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.7

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

 
2.8

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Page 3

 


WN HOSPITALITY LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

3.


Employees

The average monthly number of employees, including directors, during the year was 18 (2022 - 19).


4.


Intangible assets




Goodwill

£



Cost


At 1 January 2023
4,000



At 31 December 2023

4,000



Amortisation


At 1 January 2023
1,733


Charge for the year on owned assets
800



At 31 December 2023

2,533



Net book value



At 31 December 2023
1,467



At 31 December 2022
2,267



Page 4

 


WN HOSPITALITY LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Tangible fixed assets





Computer equipment

£



Cost or valuation


At 1 January 2023
3,886


Additions
360



At 31 December 2023

4,246



Depreciation


At 1 January 2023
2,167


Charge for the year on owned assets
1,210



At 31 December 2023

3,377



Net book value



At 31 December 2023
869



At 31 December 2022
1,719

Page 5

 


WN HOSPITALITY LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

6.


Debtors

2023
2022
£
£


Trade debtors
99,790
174,093

Other debtors
25,940
2,089

Prepayments and accrued income
-
10,506

125,730
186,688



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
95,203
91,606

Corporation tax
38,717
41,642

Other taxation and social security
56,976
61,739

Other creditors
22,209
53,459

Accruals and deferred income
4,500
4,000

217,605
252,446



8.


Related party transactions

At the balance sheet date an amount of £19,265 (2022: £51,238) was due to the director, W Norris, in the form of an interest free loan. Amounts drawn in the year were £151,973 and amounts repaid were £120,000. 

 
Page 6