WEMBLEY INN LTD - Filleted accounts

Registered number

15229814

WEMBLEY INN LTD

Filleted Accounts

31 December 2024

WEMBLEY INN LTD
Registered number:		15229814
Balance Sheet
as at 31 December 2024

Notes			2024			2023
£				£
Fixed assets
Tangible assets	3		35,308,844			35,229,032

Current assets
Debtors	4	58,116			85,827
Cash at bank and in hand		639,766			353,656
		697,882			439,483

Creditors: amounts falling due within one year	5	(813,594)			(241,015)

Net current (liabilities)/assets			(115,712)			198,468

Total assets less current liabilities			35,193,132			35,427,500

Creditors: amounts falling due after more than one year	6		(34,265,917)			(35,336,641)



Net assets			927,215			90,859

Capital and reserves
Called up share capital			1			1
Profit and loss account			927,214			90,858

Shareholder's funds			927,215			90,859

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Gauhar Nawab
Director
Approved by the board on 26 September 2025

WEMBLEY INN LTD
Notes to the Accounts
for the year ended 31 December 2024





1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.


2	Employees			2024		2023
Number					Number

	Average number of persons employed by the company			6		6


3	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Total
£			£		£
	Cost
	At 1 January 2024	35,200,000		29,615		35,229,615
	Additions	-		86,808		86,808
	At 31 December 2024	35,200,000		116,423		35,316,423

	Depreciation
	At 1 January 2024	-		583		583
	Charge for the year	-		6,996		6,996
	At 31 December 2024	-		7,579		7,579

	Net book value
	At 31 December 2024	35,200,000		108,844		35,308,844
	At 31 December 2023	35,200,000		29,032		35,229,032


4	Debtors			2024		2023
£					£

	Trade debtors			58,116		85,827


5	Creditors: amounts falling due within one year			2024		2023
£					£

	Trade creditors			447,187		70,257
	Amounts owed to group undertakings			-		129,000
	Taxation and social security costs			366,407		41,758
				813,594		241,015


6	Creditors: amounts falling due after one year			2024		2023
£					£

	Bank loans			17,500,000		17,500,000
	Amounts owed to group undertakings			16,765,917		17,836,641
				34,265,917		35,336,641













7	Other information

	WEMBLEY INN LTD is a private company limited by shares and incorporated in England. Its registered office is:

	Lynton House
	54 Clapham Common South Side
	London
	SW4 9BX