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REGISTERED NUMBER: 11693262 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 December 2024

for

THE WAGGON INN LTD

THE WAGGON INN LTD (REGISTERED NUMBER: 11693262)






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




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4

Accountants' Report 7

THE WAGGON INN LTD

Company Information
for the Year Ended 31 December 2024







Directors: T A Park
A J Park





Registered office: 29 Romanby Drive
Darlington
Co. Durham
DL3 8EJ





Registered number: 11693262 (England and Wales)





Accountants: Mitchell Gordon LLP
43 Coniscliffe Road
Darlington
Co. Durham
DL3 7EH

THE WAGGON INN LTD (REGISTERED NUMBER: 11693262)

Abridged Balance Sheet
31 December 2024

31/12/24 31/12/23
Notes £    £    £   
Fixed assets
Intangible assets 4 92,000 115,000
Tangible assets 5 777,648 688,069
869,648 803,069

Current assets
Debtors 5,444 32,361
Cash at bank and in hand 54,503 58,833
59,947 91,194
Creditors
Amounts falling due within one year 640,266 589,500
Net current liabilities (580,319 ) (498,306 )
Total assets less current liabilities 289,329 304,763

Creditors
Amounts falling due after more than one
year

6

(108,067

)

(134,764

)

Provisions for liabilities (73,108 ) (50,750 )
Net assets 108,154 119,249

Capital and reserves
Called up share capital 2 2
Revaluation reserve 8 104,948 104,948
Retained earnings 3,204 14,299
108,154 119,249

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.

THE WAGGON INN LTD (REGISTERED NUMBER: 11693262)

Abridged 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 December 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 5 May 2025 and were signed on its behalf by:





T A Park - Director


THE WAGGON INN LTD (REGISTERED NUMBER: 11693262)

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

1. STATUTORY INFORMATION

The Waggon Inn Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

The financial statements have been prepared under the going concern basis of accounting.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Other intangibles are being amortised evenly over their estimated useful life of one years.

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 - 15% on reducing balance
Motor vehicles - 20% on reducing balance and 15% on reducing balance

Freehold property is valued at market value on 23 January 2019.

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.


THE WAGGON INN LTD (REGISTERED NUMBER: 11693262)

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

2. ACCOUNTING POLICIES - continued
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 27 (2023 - 27 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2024
and 31 December 2024 230,004
AMORTISATION
At 1 January 2024 115,004
Amortisation for year 23,000
At 31 December 2024 138,004
NET BOOK VALUE

At 31 December 2024 92,000
At 31 December 2023 115,000

THE WAGGON INN LTD (REGISTERED NUMBER: 11693262)

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

5. TANGIBLE FIXED ASSETS
Totals
£   
COST OR VALUATION
At 1 January 2024 731,321
Additions 102,700
At 31 December 2024 834,021
DEPRECIATION
At 1 January 2024 43,252
Charge for year 13,121
At 31 December 2024 56,373
NET BOOK VALUE
At 31 December 2024 777,648
At 31 December 2023 688,069

Cost or valuation at 31 December 2024 is represented by:

Totals
£   
Valuation in 2019 139,931
Cost 694,090
834,021

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
31/12/24 31/12/23
£    £   
Repayable by instalments
Bank loans 4,163 16,983

7. SECURED DEBTS

The following secured debts are included within creditors:

31/12/24 31/12/23
£    £   
Bank loans 134,364 160,308

The loans are secured against the assets of the company.

8. RESERVES
Revaluation
reserve
£   
At 1 January 2024
and 31 December 2024 104,948

Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
The Waggon Inn Ltd

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Abridged Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of The Waggon Inn Ltd for the year ended 31 December 2024 which comprise the Abridged Income Statement, Abridged Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of The Waggon Inn Ltd, as a body, in accordance with the terms of our engagement letter dated 1 April 2025. Our work has been undertaken solely to prepare for your approval the financial statements of The Waggon Inn Ltd and state those matters that we have agreed to state to the Board of Directors of The Waggon Inn Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at
https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/tf-163-jan-24.pdf.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that The Waggon Inn Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of The Waggon Inn Ltd. You consider that The Waggon Inn Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of The Waggon Inn Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Mitchell Gordon LLP
43 Coniscliffe Road
Darlington
Co. Durham
DL3 7EH


5 May 2025