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REGISTERED NUMBER: 11120210 (England and Wales)











FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

WOLDS VILLAGE LIMITED

WOLDS VILLAGE LIMITED (REGISTERED NUMBER: 11120210)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WOLDS VILLAGE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: S Brealey
C D A Brealey
M P Holmes





REGISTERED OFFICE: Medina House
2 Station Avenue
Bridlington
East Yorkshire
YO16 4LZ





REGISTERED NUMBER: 11120210 (England and Wales)





ACCOUNTANTS: Lloyd Dowson Limited
Medina House
2 Station Avenue
Bridlington
East Yorkshire
YO16 4LZ

WOLDS VILLAGE LIMITED (REGISTERED NUMBER: 11120210)

BALANCE SHEET
31 DECEMBER 2024

31.12.24 31.12.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 10,452 13,842
Tangible assets 5 45,535 23,384
55,987 37,226

CURRENT ASSETS
Stocks 41,292 43,479
Debtors 6 3,886 4,455
Cash at bank and in hand 11,133 4,361
56,311 52,295
CREDITORS
Amounts falling due within one year 7 50,428 68,312
NET CURRENT ASSETS/(LIABILITIES) 5,883 (16,017 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

61,870

21,209

CREDITORS
Amounts falling due after more than one
year

8

(18,379

)

-

PROVISIONS FOR LIABILITIES (10,930 ) (3,484 )
NET ASSETS 32,561 17,725

CAPITAL AND RESERVES
Called up share capital 9 150 150
Retained earnings 32,411 17,575
SHAREHOLDERS' FUNDS 32,561 17,725

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

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

WOLDS VILLAGE LIMITED (REGISTERED NUMBER: 11120210)

BALANCE SHEET - continued
31 DECEMBER 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 17 April 2025 and were signed on its behalf by:




S Brealey - Director C D A Brealey - Director




M P Holmes - Director


WOLDS VILLAGE LIMITED (REGISTERED NUMBER: 11120210)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1. STATUTORY INFORMATION

Wolds Village 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 relates to food and drink, accommodation and retail sales excluding discounts, rebates, value added tax and other taxes. Turnover is recognised when the customer is in receipt of the relevant goods or services.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2018, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 25% 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 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 has implemented auto-enrolment pension in respect of all employees. Contributions are charged to the statement of income and retained earnings in the period to which they relate.

WOLDS VILLAGE LIMITED (REGISTERED NUMBER: 11120210)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2023 - 13 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2024
and 31 December 2024 33,900
AMORTISATION
At 1 January 2024 20,058
Charge for year 3,390
At 31 December 2024 23,448
NET BOOK VALUE
At 31 December 2024 10,452
At 31 December 2023 13,842

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2024 38,562
Additions 28,456
At 31 December 2024 67,018
DEPRECIATION
At 1 January 2024 15,178
Charge for year 6,305
At 31 December 2024 21,483
NET BOOK VALUE
At 31 December 2024 45,535
At 31 December 2023 23,384

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Other debtors 3,886 4,455

WOLDS VILLAGE LIMITED (REGISTERED NUMBER: 11120210)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans and overdrafts 12,324 -
Trade creditors 8,166 10,515
Taxation and social security 18,914 7,422
Other creditors 11,024 50,375
50,428 68,312

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.24 31.12.23
£    £   
Bank loans 18,379 -

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.24 31.12.23
value: £    £   
50 Ordinary A Shares £1 50 50
50 Ordinary B Shares £1 50 50
50 Ordinary C Shares £1 50 50
150 150