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REGISTERED NUMBER: 09505298 (England and Wales)















Financial Statements for the Year Ended 31 March 2024

for

Wellman Taverns (London) Limited

Wellman Taverns (London) Limited (Registered number: 09505298)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Wellman Taverns (London) Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mrs J Wellman
D Wellman





REGISTERED OFFICE: 15 Prescot Street
London
E1 8AZ





REGISTERED NUMBER: 09505298 (England and Wales)





ACCOUNTANTS: A.K & Co (Accountancy Services) Ltd
19 Victoria Terrace
Hove
East Sussex
BN3 2WB

Wellman Taverns (London) Limited (Registered number: 09505298)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 10,818 8,001

CURRENT ASSETS
Stocks 9,517 7,946
Debtors 5 37,423 41,333
Cash at bank and in hand 63,451 80,180
110,391 129,459
CREDITORS
Amounts falling due within one year 6 66,361 95,416
NET CURRENT ASSETS 44,030 34,043
TOTAL ASSETS LESS CURRENT
LIABILITIES

54,848

42,044

PROVISIONS FOR LIABILITIES 7 1,759 1,205
NET ASSETS 53,089 40,839

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 52,989 40,739
SHAREHOLDERS' FUNDS 53,089 40,839

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

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

Wellman Taverns (London) Limited (Registered number: 09505298)

Balance Sheet - continued
31 March 2024


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 14 October 2024 and were signed on its behalf by:





Mrs J Wellman - Director


Wellman Taverns (London) Limited (Registered number: 09505298)

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

1. STATUTORY INFORMATION

Wellman Taverns (London) 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.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 - 20% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 balance sheet date.

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.

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 13 (2023 - 2 ) .

Wellman Taverns (London) Limited (Registered number: 09505298)

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

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 April 2023 44,004 2,000 46,004
Additions 7,543 - 7,543
At 31 March 2024 51,547 2,000 53,547
DEPRECIATION
At 1 April 2023 36,503 1,500 38,003
Charge for year 4,226 500 4,726
At 31 March 2024 40,729 2,000 42,729
NET BOOK VALUE
At 31 March 2024 10,818 - 10,818
At 31 March 2023 7,501 500 8,001

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 22,373 23,254
Deposit account 5,270 5,052
Dilaps account 8,936 7,980
Prepayments 844 5,047
37,423 41,333

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other loans 23,385 33,367
Trade creditors 28,579 7,677
Tax - 9,415
Social security and other taxes 3,863 566
Pensions payable 515 -
VAT 7,806 4,509
Other creditors - 31,525
Directors' current accounts 32 80
Accruals and deferred income 2,181 8,277
66,361 95,416

7. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Accelerated capital allowances 1,759 1,205

Wellman Taverns (London) Limited (Registered number: 09505298)

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

7. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 April 2023 1,205
Provided during year 554
Accelerated capital allowances
Taxable losses
Balance at 31 March 2024 1,759

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
Mrs J Wellman and D Wellman
Balance outstanding at start of year (81 ) (3,122 )
Amounts advanced 22,838 39,909
Amounts repaid (22,789 ) (36,868 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (32 ) (81 )

10. RELATED PARTY DISCLOSURES

Included in other debtors is an amount owed from White Swan (London) Limited in the sum of £21,989 (2023: £22,204).

Included in other debtors is an amount owed from Spanish Galleon Limited in the sum of £384 (2023: £1,012).

11. ULTIMATE CONTROLLING PARTY

The company was under control of J Wellman and D Wellman during the year who are the company directors and shareholders.