Kilderk Inns Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 02600528 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2020

for

Kilderk Inns Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R E Wilkinson

R A Iles

SECRETARY:

Mrs G M Wilkinson

REGISTERED OFFICE:

The Granary

Hospital Road

Scorton

Richmond

North Yorkshire

DL10 6DY

REGISTERED NUMBER:

02600528 (England and Wales)

ACCOUNTANTS:

J P Walters & Co

Chartered Accountants

67 Duke Street

Darlington

Co. Durham

DL3 7SD

FIXED ASSETS

Tangible assets

4

709,248

724,683

CURRENT ASSETS

Debtors

5

1,777

287

Cash at bank and in hand

2,431

8,247

4,208

8,534

CREDITORS

Amounts falling due within one year

6

232,176

243,392

NET CURRENT LIABILITIES

(227,968

)

(234,858

)

TOTAL ASSETS LESS CURRENT LIABILITIES

481,280

489,825

CREDITORS

Amounts falling due after more than one year

7

122,386

129,737

NET ASSETS

358,894

360,088

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

358,892

360,086

358,894

360,088

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2020 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 and authorised for issue on 9 April 2021 and were signed on its behalf by:

R E Wilkinson - Director

1.	STATUTORY INFORMATION

Kilderk Inns 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Tangible fixed assets

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

Land and buildings

-

2% on cost

Plant and machinery etc

-

15% on 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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2019 - NIL).

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 January 2020

and 31 December 2020

767,686

550

768,236

DEPRECIATION

At 1 January 2020

43,360

193

43,553

Charge for year

15,353

82

15,435

At 31 December 2020

58,713

275

58,988

NET BOOK VALUE

At 31 December 2020

708,973

275

709,248

At 31 December 2019

724,326

357

724,683

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.20

31.12.19

£

£

Trade debtors

1,340

-

Other debtors

437

287

1,777

287

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.20

31.12.19

£

£

Bank loans and overdrafts

9,291

8,908

Trade creditors

3,858

420

Amounts owed to group undertakings

106,779

119,279

Taxation and social security

10,832

9,348

Other creditors

101,416

105,437

232,176

243,392

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.20

31.12.19

£

£

Bank loans

122,386

129,737