General Information
The Wellington Arms Ltd is a private company, limited by shares, registered in England and Wales, registration number 06421831, registration address The Wellington Arms, Baughurst Road, Baughurst, Tadley, RG26 5LP.
The presentation currency is £ sterling.
| 1. |
Accounting policies
Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102(1A) The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business , and is shown net of VAT and other sales related taxes .
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods) , the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.
Revenue from the sales of services is recognised when the services have been completed for the customer. The company does not enter into long term contracts which span a period end.
Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets . The cost of any unused holiday entitlement is recognised in the period in which the employees services are received. Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. The companys liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
| Freehold Land and Buildings |
2% Straight Line |
| Motor Vehicles |
25% Reducing Balance
|
| Fixtures and Fittings |
25% Reducing Balance
|
| Computer Equipment |
33% Straight Line
|
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
|
| 2. |
Average number of employees
Average number of employees during the year was 27 (2024 : 21).
|
| 3. |
Tangible fixed assets
| Cost or valuation |
Freehold Land and Buildings |
|
Motor Vehicles |
|
Fixtures and Fittings |
|
Computer Equipment |
|
Total |
| |
£ |
|
£ |
|
£ |
|
£ |
|
£ |
| At 01 December 2024 |
965,673 |
|
21,000 |
|
795,159 |
|
3,258 |
|
1,785,090 |
| Additions |
- |
|
- |
|
5,817 |
|
1,073 |
|
6,890 |
| Disposals |
- |
|
- |
|
- |
|
- |
|
- |
| At 30 November 2025 |
965,673 |
|
21,000 |
|
800,976 |
|
4,331 |
|
1,791,980 |
| Depreciation |
| At 01 December 2024 |
154,443 |
|
5,578 |
|
537,252 |
|
1,774 |
|
699,047 |
| Charge for year |
19,313 |
|
3,856 |
|
65,239 |
|
976 |
|
89,384 |
| On disposals |
- |
|
- |
|
- |
|
- |
|
- |
| At 30 November 2025 |
173,756 |
|
9,434 |
|
602,491 |
|
2,750 |
|
788,431 |
| Net book values |
| Closing balance as at 30 November 2025 |
791,917 |
|
11,566 |
|
198,485 |
|
1,581 |
|
1,003,549 |
| Opening balance as at 01 December 2024 |
811,230 |
|
15,422 |
|
257,907 |
|
1,484 |
|
1,086,043 |
|
| 4. |
Stocks
|
2025
£ |
|
2024
£ |
| Stocks |
8,311 |
|
9,031 |
|
8,311 |
|
9,031 |
|
| 5. |
Debtors: amounts falling due within one year
|
2025
£ |
|
2024
£ |
| Prepayments & Accrued Income |
6,523 |
|
4,815 |
| Corporation Tax |
0 |
|
20,353 |
|
6,523 |
|
25,168 |
|
| 6. |
Creditors: amount falling due within one year
|
2025
£ |
|
2024
£ |
| Trade Creditors |
45,938 |
|
43,689 |
| Bank Loans & Overdrafts |
110,223 |
|
113,751 |
| PAYE & Social Security |
6,858 |
|
5,648 |
| Accrued Expenses |
1,800 |
|
1,800 |
| Other Creditors |
22,549 |
|
35,890 |
| Directors' Current Accounts |
90,773 |
|
91,214 |
|
278,141 |
|
291,992 |
|
| 7. |
Creditors: amount falling due after more than one year
|
2025
£ |
|
2024
£ |
| Bank Loans & Overdrafts |
230,215 |
|
285,676 |
|
230,215 |
|
285,676 |
|
| 8. |
Provisions for liabilities
|
2025
£ |
|
2024
£ |
| Deferred Tax |
10,363 |
|
10,363 |
|
10,363 |
|
10,363 |
|
| 9. |
Share Capital
Allotted, called up and fully paid
|
2025
£ |
|
2024
£ |
|
100
Ordinary shares of £1.00 each |
100 |
|
100 |
|
100 |
|
100 |
|
3
|