The Swan Inn Wychwood Limited - Accounts

The Swan Inn Wychwood Limited - Accounts

THE SWAN INN WYCHWOOD LIMITED - Company Information

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The Swan Inn Wychwood Limited 11114364 Public Houses and Inns false 1 January 2019 11114364 2019-01-01 2019-12-31 11114364 2018-12-31 11114364 2019-12-31 11114364 2017-12-15 2018-12-31 11114364 2017-12-14 11114364 2018-12-31 11114364 frs102-bus:FRS102 2019-01-01 2019-12-31 11114364 frs102-bus:PrivateLimitedCompanyLtd 2019-01-01 2019-12-31 11114364 frs102-bus:FullAccounts 2019-01-01 2019-12-31 11114364 frs102-bus:AuditExempt-NoAccountantsReport 2019-01-01 2019-12-31 11114364 frs102-core:CurrentFinancialInstruments 2019-12-31 11114364 frs102-core:CurrentFinancialInstruments 2018-12-31 11114364 frs102-core:Non-currentFinancialInstruments 2019-12-31 11114364 frs102-core:Non-currentFinancialInstruments 2018-12-31 11114364 frs102-core:ShareCapital 2019-12-31 11114364 frs102-core:ShareCapital 2018-12-31 11114364 frs102-core:RetainedEarningsAccumulatedLosses 2019-12-31 11114364 frs102-core:RetainedEarningsAccumulatedLosses 2018-12-31 11114364 frs102-bus:Director1 2019-01-01 2019-12-31 11114364 frs102-core:ComputerEquipment 2019-01-01 2019-12-31 11114364 frs102-core:ToolsEquipment 2019-01-01 2019-12-31 11114364 frs102-core:LandBuildings 2019-01-01 2019-12-31 11114364 frs102-core:OtherPropertyPlantEquipment 2019-01-01 2019-12-31 11114364 frs102-core:OwnedAssets 2019-01-01 2019-12-31 11114364 frs102-core:OwnedAssets 2017-12-15 2018-12-31 11114364 frs102-core:ComputerEquipment 2018-12-31 11114364 frs102-core:Non-standardPPEClass3ComponentTotalPropertyPlantEquipment 2018-12-31 11114364 frs102-core:LandBuildings 2018-12-31 11114364 frs102-core:OtherPropertyPlantEquipment 2018-12-31 11114364 frs102-core:Non-standardPPEClass3ComponentTotalPropertyPlantEquipment 2019-01-01 2019-12-31 11114364 frs102-core:ComputerEquipment 2019-12-31 11114364 frs102-core:Non-standardPPEClass3ComponentTotalPropertyPlantEquipment 2019-12-31 11114364 frs102-core:LandBuildings 2019-12-31 11114364 frs102-core:OtherPropertyPlantEquipment 2019-12-31 11114364 frs102-core:ComputerEquipment 2018-12-31 11114364 frs102-core:Non-standardPPEClass3ComponentTotalPropertyPlantEquipment 2018-12-31 11114364 frs102-core:LandBuildings 2018-12-31 11114364 frs102-core:OtherPropertyPlantEquipment 2018-12-31 xbrli:pure iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares
Registered number
11114364
The Swan Inn Wychwood Limited
Unaudited Accounts
for the year ended
31 December 2019
The Swan Inn Wychwood Limited
Balance Sheet
as at 31 December 2019
Notes
 2019
£		 2018
£
Fixed assets
Tangible assets 4 1,627,793 7,342
1,627,793 7,342
Current assets
Stocks 15,900 5,445
Debtors 5 76,089 17,662
Cash at bank and in hand 42,451 40,238
134,440 63,345
Prepayments and accrued income: 17,408 0
Creditors: amounts falling due within one year 6 (124,336) (139,324)
Net current assets / (liabilities) 27,512 (75,979)
Total assets less current liabilities 1,655,305 (68,637)
Creditors: amounts falling due after more than one year 7 (2,051,306) (0)
Accruals and deferred income (19,904) (16,739)
Total net assets (liabilities) (415,905) (85,376)
Capital and reserves
Called up share capital 8 100 100
Profit and loss account (416,005) (85,476)
Shareholders' funds (415,905) (85,376)

The Swan Inn Wychwood Limited
Balance Sheet
as at 31 December 2019



These accounts have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

The directors have not delivered a copy of the company's Profit and Loss account as permitted by s444(5A) of the Companies Act 2006.

For the year ending 31 December 2019 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Signed on behalf of the board of directors

...............................

Mr C Palmer

Director


Approved by the board on 21 December 2020

Company Number: 11114364 (a Private Company Limited by Shares registered in England and Wales)

Registered Office:

The Chequers Church Road
Churchill
Chipping Norton
Oxfordshire
OX7 6NJ
England

The Swan Inn Wychwood Limited
Notes to the Accounts
for the year ended 31 December 2019

1. Accounting policies

Basis of preparation of financial statements
These financial statements have been prepared under the historic cost convention in accordance with the accounting policies set out below and with section 1A of FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The presentation currency is sterling.
Going concern basis
The accounts have been prepared on the assumption that the company is able to carry on business as a going concern for the foreseeable future.
Tangible fixed assets depreciation policy
Tangible fixed assets are stated at cost less accumulated depreciation and impairment losses. Depreciation is provided, after taking account of any grants receivable, at rates calculated to write off the cost of fixed assets, less the estimated residual value, over their estimated useful lives.
Computer equipment 33% Straight Line
Equipment 25% Straight Line
Land & buildings 7% Straight Line
Other 25% Straight Line
Deferred taxation
Taxation represents the sum of tax currently payable and deferred tax. Current tax is calculated using tax rates that have been enacted or substantially enacted at the end of the reporting period. Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or a right to pay less) tax at a future date, at the tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of part of the asset to be recovered.
2. Profit or loss

Profit before tax is stated after charging the following:
2019
2018
£ £
Depreciation - owned assets 44,796 3,388

3. Employees
2019 2018
Average number of employees during the period 15 15

4. Tangible fixed assets
Computer equipment Equipment Land & buildings Other Total
Cost or valuation £ £ £ £ £
At 1 January 2019 10,215 0 0 0 10,215
Additions 16,139 68,438 1,486,547 94,123 1,665,247
At 31 December 2019 26,354 68,438 1,486,547 94,123 1,675,462
Depreciation
At 1 January 2019 2,873 0 0 0 2,873
Charge for the period 5,441 10,120 16,227 13,008 44,796
At 31 December 2019 8,314 10,120 16,227 13,008 47,669
Net book value
At 31 December 2019 18,040 58,318 1,470,320 81,115 1,627,793
At 31 December 2018 7,342 0 0 0 7,342

5. Debtors
2019 2018
£ £
Trade debtors 50,846 0
Other debtors 25,243 17,662
76,089 17,662

6. Creditors: amounts falling due within one year
2019 2018
£ £
Bank Loans & Overdrafts 563 0
Trade creditors 71,273 68,898
Taxation & social security 9,481 26,936
Other creditors 43,019 43,490
124,336 139,324

7. Creditors: amounts falling due after one year
2019 2018
£ £
Amounts owed to group undertakings and undertakings in which the company has a participating interest 2,051,306 0
2,051,306 0

8. Share capital
2019 2018
£ £
Allotted, called up and fully paid:
100 (2018: 100) Ordinary £1 shares of £1.00 each 100 100
100 100