Wildes Branded Hotels Limited - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 09944737 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2018

FOR

WILDES BRANDED HOTELS LIMITED

(FORMALLY P WILDES GROUP LIMITED)

Page

Company Information

1

Abridged Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

P E Wildes

M A Wildes

M Wildes

REGISTERED OFFICE:

Van Dyk Hotel

Worksop Road

Clowne

Chesterfield

S43 4TD

REGISTERED NUMBER:

09944737 (England and Wales)

SENIOR STATUTORY AUDITOR:

Michael Caputo FCA

AUDITORS:

McLintocks Partnership Limited

Chartered Accountants

Statutory Auditors

2 Hilliards Court

Chester Business Park

Chester

Cheshire

CH4 9PX

FIXED ASSETS

Tangible assets

5

106,528

-

Investments

6

1,907,953

2,104,786

2,014,481

2,104,786

CURRENT ASSETS

Debtors

40,000

297,334

Cash in hand

-

1

40,000

297,335

CREDITORS

Amounts falling due within one year

1,951,302

2,572,637

NET CURRENT LIABILITIES

(1,911,302

)

(2,275,302

)

TOTAL ASSETS LESS CURRENT LIABILITIES

103,179

(170,516

)

CREDITORS

Amounts falling due after more than one year

433,767

-

NET LIABILITIES

(330,588

)

(170,516

)

CAPITAL AND RESERVES

Called up share capital

8

1

1

Retained earnings

(330,589

)

(170,517

)

SHAREHOLDERS' FUNDS

(330,588

)

(170,516

)

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 31 March 2018 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 on 11 February 2019 and were signed on its behalf by:

P E Wildes - Director

1.	STATUTORY INFORMATION

Wildes Branded Hotels Limited (Formally P Wildes Group 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.

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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Going concern

The company has net liabilities and is dependent on its subsidiaries and directors for

financial support.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting

Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of

Ireland', not to disclose related party transactions with wholly owned subsidiaries within the

group.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not

reversed at the statement of financial position 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.

Debtors

Debtors are recognised at the settlement amount due after any trade discounts offered.

Prepayments are valued at the amount prepaid net of any trade discounts due.

Creditors and Provisions

Creditors and provisions are recognised where the company has a present obligation

resulting from a past event that will probably result in the transfer of funds to a third party

and the amount due to settle the obligation can be measured or estimated reliably. Creditors

and provisions are normally recognised at their settlement amount after allowing for any

trade discounts due.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2017 - NIL).

4.	AUDITORS' REMUNERATION

The £15,000 balance includes audit fees for Kings Gap Trading Limited and Crewe Hotel

Trading Limited.

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

Additions

142,038

At 31 March 2018

142,038

DEPRECIATION

Charge for year

35,510

At 31 March 2018

35,510

NET BOOK VALUE

At 31 March 2018

106,528

6.	FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:

Totals

£

COST

At 1 April 2017

2,104,786

Disposals

(196,833

)

At 31 March 2018

1,907,953

NET BOOK VALUE

At 31 March 2018

1,907,953

At 31 March 2017

2,104,786

The company's investments at the Statement of Financial Position date in the share capital

of companies include the following:

Crewe Hotel (Guernsey) Limited

Registered office: Ground Floor Dorey Court Admiral Park St Peter Port GUERNSEY GY1 2HT

Nature of business: Property investment

%

Class of shares:

holding

Ordinary

100.00

Crewe Hotel (Guernsey) Limited owns 100% of the shareholding in Crewe Hotel Trading

Limited.

Kings Gap (Guernsey) Limited

Registered office: Ground Floor Dorey Court Admiral Park St Peter Port GUERNSEY GY1 2HT

Nature of business: Property investment

%

Class of shares:

holding

Ordinary

100.00

Kings Gap (Guernsey) Limited owns 100% of the shareholding in Kings Gap Trading

Limited.

7.

LOANS

An analysis of the maturity of loans is given below:

2018

2017

£

£

Amounts falling due within one year or on demand:

Other loans

122,575

-

Amounts falling due between two and five years:

Other loans - 2-5 years

298,664

-

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2018

2017

value:

£

£

1

Ordinary

£1

1

1

9.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Michael Caputo FCA (Senior Statutory Auditor)

for and on behalf of McLintocks Partnership Limited

10.	RELATED PARTY DISCLOSURES

During the year the following transactions were entered into with companies P E Wildes help

an interest in.

A loan was advanced from P Wildes Group Limited. As at 31 March 2018, the balance was

£430,167 (2017 - £nil).

A loan was advanced from Van Dyk Country House Hotel Limited. As at 31 March 2018, the

balance remaining was £377,705 (2017 - £330,374).

A loan was advanced to Wildes Education Limited. As at 31 March 2018, the balance

remaining was £nil (2017 - £257,334).

11.	ULTIMATE CONTROLLING PARTY

The immediate parent company of Wildes Branded Hotels Limited is P Wildes Group

Limited, a company incorporated in England and Wales.

The ultimate controlling party of P Wildes Group Limited is P E Wildes.

The registered address of P Wildes Group Limited is Van Dyk Hotel, Worksop Road,

Clowne, Chesterfield, England, S43 4TD. This is also the company's principal place of

business.