Registration number: 14192174

The Worthing Well Ltd

trading as The Signal Post

Contents

Statement of Financial Position	1 to 2
Notes to the Unaudited Financial Statements	3 to 7

The Worthing Well Ltd

trading as The Signal Post

(Registration number: 14192174)
Statement of Financial Position
31 August 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	38,567	42,844
Current assets
Stocks	5	2,698	13,270
Debtors	6	84,551	251
Cash at bank and in hand		14,260	21,371
		101,509	34,892
Creditors: Amounts falling due within one year	7	(154,258)	(145,090)
Net current liabilities		(52,749)	(110,198)
Net liabilities		(14,182)	(67,354)
Capital and reserves
Called up share capital		1	1
Retained earnings		(14,183)	(67,355)
Shareholders' deficit		(14,182)	(67,354)

For the financial period ending 31 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 29 May 2026
 

The Worthing Well Ltd

trading as The Signal Post

(Registration number: 14192174)
Statement of Financial Position
31 August 2025

......................................... J C Penny Director

The Worthing Well Ltd

trading as The Signal Post

Notes to the Unaudited Financial Statements
for the period from 1 July 2024 to 31 August 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
79 Rowlands Road
Worthing
West Sussex
BN11 3JN

These financial statements were authorised for issue by the director on 29 May 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis. The directors have considered relevant information, including the future cash flows and the impact of subsequent events in making their assessment. Based on these assessments and having regard to the resources available, the directors have concluded that there is no material uncertainty and that they can continue to adopt the going concern basis in the financial statements.

The Worthing Well Ltd

trading as The Signal Post

Notes to the Unaudited Financial Statements
for the period from 1 July 2024 to 31 August 2025

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Stocks

Stock for resale is valued at the lower of cost or net realisable value cost it includes alcohol, drink consumables and food.

The Worthing Well Ltd

trading as The Signal Post

Notes to the Unaudited Financial Statements
for the period from 1 July 2024 to 31 August 2025

3	Staff numbers

The average number of persons employed by the company (including the director) during the period, was 2 (2024 - 2).

4	Tangible assets

	Land and buildings £	Furniture, fittings and equipment  £	Other tangible assets £	Total £
Cost or valuation
At 1 July 2024	30,729	11,761	6,086	48,576
Additions	-	3,200	-	3,200
At 31 August 2025	30,729	14,961	6,086	51,776
Depreciation
At 1 July 2024	2,879	1,636	1,217	5,732
Charge for the period	3,586	2,116	1,775	7,477
At 31 August 2025	6,465	3,752	2,992	13,209
Carrying amount
At 31 August 2025	24,264	11,209	3,094	38,567
At 30 June 2024	27,850	10,125	4,869	42,844

Included within the net book value of land and buildings above is £24,265 (2024 - £27,850) in respect of long leasehold land and buildings.
 

5

Stocks

	2025 £	2024 £
Other inventories	2,698	13,270

The Worthing Well Ltd

trading as The Signal Post

Notes to the Unaudited Financial Statements
for the period from 1 July 2024 to 31 August 2025

6

Debtors

Current	2025 £	2024 £
Other debtors	84,551	251
	84,551	251

7

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Due within one year
Trade creditors	1,955	-
Taxation and social security	9,895	4,671
Accruals and deferred income	4,583	2,050
Other creditors	137,825	138,369
	154,258	145,090

8	Related party transactions

Transactions with the director

2025	At 1 July 2024 £	Advances to director £	At 31 August 2025 £
F I T Penny
	251	67	318

2024	At 1 July 2023 £	Advances to director £	At 30 June 2024 £
F I T Penny
	-	251	251

The Worthing Well Ltd

trading as The Signal Post

Notes to the Unaudited Financial Statements
for the period from 1 July 2024 to 31 August 2025

Other transactions with the director

Mr J Penny and Ms F Penny, both directors of the company, are also directors of New Amsterdam Ltd.

During the year the company advanced on loan account £84,148 to New Amsterdam Ltd which is also the amount outstanding on loan account at the year end (2024 – 138,369).
Included in the accounts is an accrual for a management charge from New Amsterdam of £137,825.