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REGISTERED NUMBER: 02809848 (England and Wales)















Wentworth Inns Limited

Unaudited Financial Statements For The Year Ended 31 August 2024






Wentworth Inns Limited (Registered number: 02809848)






Contents of the Financial Statements
For The Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Wentworth Inns Limited

Company Information
For The Year Ended 31 August 2024







DIRECTORS: G Gennard
S J Kenworthy
M Kenworthy



REGISTERED OFFICE: Sidings Court
Lakeside
DONCASTER
DN4 5NU



REGISTERED NUMBER: 02809848 (England and Wales)



ACCOUNTANTS: Kingswood Allotts Limited
Chartered Accountants
Sidings Court
Lakeside
Doncaster
South Yorkshire
DN4 5NU



BANKERS: National Westminster Bank
225 High Street
Lincoln
LN2 1AZ

Wentworth Inns Limited (Registered number: 02809848)

Balance Sheet
31 August 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 140,584 160,353
Tangible assets 5 172,298 206,799
312,882 367,152

CURRENT ASSETS
Stocks 29,695 26,882
Debtors 6 24,194 22,905
Cash at bank 100,833 144,238
154,722 194,025
CREDITORS
Amounts falling due within one year 7 601,727 645,929
NET CURRENT LIABILITIES (447,005 ) (451,904 )
TOTAL ASSETS LESS CURRENT LIABILITIES (134,123 ) (84,752 )

CREDITORS
Amounts falling due after more than one year 8 (7,865 ) (18,188 )

PROVISIONS FOR LIABILITIES (91,435 ) (91,435 )
NET LIABILITIES (233,423 ) (194,375 )

CAPITAL AND RESERVES
Called up share capital 19,998 19,998
Retained earnings (253,421 ) (214,373 )
SHAREHOLDERS' FUNDS (233,423 ) (194,375 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 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 28 May 2025 and were signed on its behalf by:





G Gennard - Director


Wentworth Inns Limited (Registered number: 02809848)

Notes to the Financial Statements
For The Year Ended 31 August 2024

1. STATUTORY INFORMATION

Wentworth Inns 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.

The accounts have been prepared on the going concern basis on the assumption that the company will continue to receive the support of the parent company Hesley Degill Limited, and it's principal loan creditor, a director of that company.

Turnover
Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Goodwill
Positive goodwill is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful economic life of 10 years. It is reviewed for impairment at the end of the first full financial year following the acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold land and buildings - 7.55% on cost
Plant and machinery - 20% on cost
Fixtures and fittings - 20% on cost and 15% on reducing balance
Computer equipment - 33% on cost

Stocks
Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs

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 77 (2023 - 71 ) .

Wentworth Inns Limited (Registered number: 02809848)

Notes to the Financial Statements - continued
For The Year Ended 31 August 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2023
and 31 August 2024 273,303
AMORTISATION
At 1 September 2023 112,950
Amortisation for year 19,769
At 31 August 2024 132,719
NET BOOK VALUE
At 31 August 2024 140,584
At 31 August 2023 160,353

5. TANGIBLE FIXED ASSETS
Short
leasehold Fixtures
land and Plant and and Computer
buildings machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 September 2023 23,322 31,189 552,603 25,365 632,479
Additions - 5,309 6,992 - 12,301
At 31 August 2024 23,322 36,498 559,595 25,365 644,780
DEPRECIATION
At 1 September 2023 23,322 18,257 363,879 20,222 425,680
Charge for year - 2,696 42,495 1,611 46,802
At 31 August 2024 23,322 20,953 406,374 21,833 472,482
NET BOOK VALUE
At 31 August 2024 - 15,545 153,221 3,532 172,298
At 31 August 2023 - 12,932 188,724 5,143 206,799

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 771 735
Directors' current accounts 7,085 5,546
Prepayments and accrued income 16,338 16,624
24,194 22,905

Wentworth Inns Limited (Registered number: 02809848)

Notes to the Financial Statements - continued
For The Year Ended 31 August 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,323 10,071
Loans 390,680 425,680
Trade creditors 71,652 96,809
Social security and other taxes 103,027 96,863
Other creditors 18,747 9,169
Accruals and deferred income 7,298 7,337
601,727 645,929

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 7,865 10,323
Bank loans - 2-5 years - 7,865
7,865 18,188

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 118,000 118,000
Between one and five years 88,000 136,000
206,000 254,000

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

2024 2023
£    £   
S J Kenworthy
Balance outstanding at start of year 3,779 2,140
Amounts advanced 956 3,825
Amounts repaid - (2,186 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 4,735 3,779

M Kenworthy
Balance outstanding at start of year 1,766 235
Amounts advanced 584 1,931
Amounts repaid - (400 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 2,350 1,766

Wentworth Inns Limited (Registered number: 02809848)

Notes to the Financial Statements - continued
For The Year Ended 31 August 2024

11. RELATED PARTY DISCLOSURES

Transactions with related parties

Included in creditors is a loan to the company of £390,680 (2023: £425,680) from a close family member of one of the directors. The loan is interest free and has no formal repayment terms.