Abbey House Malmesbury Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 12955447 (England and Wales)

ABRIDGED AUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

15 OCTOBER 2020 TO 31 DECEMBER 2021

FOR

ABBEY HOUSE MALMESBURY LIMITED

Page

Company Information

1

Abridged Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

Mr W H Hanks

Ms K T Hanks

REGISTERED OFFICE:

c/o The Old Bell Hotel

Abbey Row

Malmesbury

Wiltshire

SN16 0BW

REGISTERED NUMBER:

12955447 (England and Wales)

AUDITORS:

Haines Watts

Chartered Accountants & Statutory Auditors

Old Station House

Station Approach

Newport Street

Swindon

Wiltshire

SN1 3DU

FIXED ASSETS

Tangible assets

4

2,056,516

CURRENT ASSETS

Debtors

1

CREDITORS

Amounts falling due within one year

2,089,955

NET CURRENT LIABILITIES

(2,089,954

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(33,438

)

CAPITAL AND RESERVES

Called up share capital

1

Retained earnings

(33,439

)

(33,438

)

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

All the members have consented to the preparation of an abridged Income Statement and an abridged Statement of Financial Position for the period ended 31 December 2021 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 and authorised for issue on 12 October 2022 and were signed on its behalf by:

Mr W H Hanks - Director

1.	STATUTORY INFORMATION

Abbey House Malmesbury 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

Taxation

Taxation for the period 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 period 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 period was NIL.

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

Additions

2,089,955

At 31 December 2021

2,089,955

DEPRECIATION

Charge for period

33,439

At 31 December 2021

33,439

NET BOOK VALUE

At 31 December 2021

2,056,516

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

The Report of the Auditors was unqualified.

Michael Lloyd FCCA (Senior Statutory Auditor)

for and on behalf of Haines Watts

6.	ULTIMATE CONTROLLING PARTY

The parent company is Violet Crown Holdings Limited, registered at 6 Drakes Meadow, Swindon, England SN3 3LL.

The ultimate controlling party is Whim Hospitality LLC, registered at PO BOX 664 Dripping Springs, 78620, TX, USA.