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REGISTERED NUMBER: 07697823 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2024

for

The Wheatsheaf Inn Limited

The Wheatsheaf Inn Limited (Registered number: 07697823)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


The Wheatsheaf Inn Limited

Company Information
for the Year Ended 31 July 2024







DIRECTORS: R A Helliwell
N R T Cobley





REGISTERED OFFICE: Broad Street
Cuckfield
Haywards Heath
West Sussex
RH17 5DW





REGISTERED NUMBER: 07697823 (England and Wales)





ACCOUNTANTS: Caburn Accountants Limited
Chartered Certified Accountants
First Floor,
The Estate Office
The Green, Lewes Road
Ringmer
East Sussex
BN8 5QE

The Wheatsheaf Inn Limited (Registered number: 07697823)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 23,189 21,208

CURRENT ASSETS
Stocks 15,625 15,599
Debtors 5 12,389 15,193
Cash at bank and in hand 150,465 184,604
178,479 215,396
CREDITORS
Amounts falling due within one year 6 132,950 137,441
NET CURRENT ASSETS 45,529 77,955
TOTAL ASSETS LESS CURRENT
LIABILITIES

68,718

99,163

CREDITORS
Amounts falling due after more than one
year

7

8,776

18,836
NET ASSETS 59,942 80,327

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 59,842 80,227
SHAREHOLDERS' FUNDS 59,942 80,327

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 Wheatsheaf Inn Limited (Registered number: 07697823)

Balance Sheet - continued
31 July 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 April 2025 and were signed on its behalf by:





N R T Cobley - Director


The Wheatsheaf Inn Limited (Registered number: 07697823)

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

1. STATUTORY INFORMATION

The Wheatsheaf 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.

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.
Plant and machinery - 20% on reducing balance

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 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.

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 21 (2023 - 21 ) .

The Wheatsheaf Inn Limited (Registered number: 07697823)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 August 2023 66,345
Additions 7,778
At 31 July 2024 74,123
DEPRECIATION
At 1 August 2023 45,137
Charge for year 5,797
At 31 July 2024 50,934
NET BOOK VALUE
At 31 July 2024 23,189
At 31 July 2023 21,208

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors - 3,304
Other debtors 12,389 11,889
12,389 15,193

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 42,200 39,429
Tax 41,718 47,783
Social security and other taxes 35,232 37,123
Directors' current accounts 1,142 576
Accrued expenses 2,658 2,530
132,950 137,441

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.24 31.7.23
£    £   
Bank loans - 1-2 years 8,776 10,000
Bank loans - 2-5 years - 8,836
8,776 18,836

The Wheatsheaf Inn Limited (Registered number: 07697823)

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

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2024 and 31 July 2023:

31.7.24 31.7.23
£    £   
N R T Cobley
Balance outstanding at start of year - 36,618
Amounts repaid - (36,618 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -