Woodhall Manor Events Ltd - Accounts to registrar - small 17.2

REGISTERED NUMBER: 08217719 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2016

for

Woodhall Manor Events Ltd

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTORS:

M Chittenden

T Madge

SECRETARY:

M Chittenden

REGISTERED OFFICE:

Cartwrights Regency House

33 Wood Street

Barnet

EN5 4BE

REGISTERED NUMBER:

08217719 (England and Wales)

ACCOUNTANTS:

Cartwrights

Chartered Accountants and Business Advisors

Regency House

33 Wood Street

Barnet

Hertfordshire

EN5 4BE

The following reproduces the text of the report prepared for the directors and members in respect of the

company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is

only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other

primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Woodhall Manor Events Ltd for the year ended 31 December 2016 which comprise the Income

Statement, Balance Sheet and the related notes from the company's accounting records and from information and

explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Woodhall Manor Events Ltd, as a body, in accordance with the terms of our engagement letter dated 3 October 2013. Our work has been undertaken solely to prepare for your approval the financial statements of Woodhall Manor Events Ltd and state those matters that we have agreed to state to the Board of Directors of Woodhall Manor Events Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Woodhall Manor Events Ltd Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Woodhall Manor Events Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Woodhall Manor Events Ltd. You consider that Woodhall Manor Events Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Woodhall Manor Events Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Cartwrights

Chartered Accountants and Business Advisors

Regency House

33 Wood Street

Barnet

Hertfordshire

EN5 4BE

23 August 2017

FIXED ASSETS

Intangible assets

4

412,263

471,262

Tangible assets

5

225,457

193,854

637,720

665,116

CURRENT ASSETS

Stocks

12,212

13,615

Debtors

6

236,714

627,985

Cash at bank and in hand

50,982

48,506

299,908

690,106

CREDITORS

Amounts falling due within one year

7

686,763

650,354

NET CURRENT (LIABILITIES)/ASSETS

(386,855

)

39,752

TOTAL ASSETS LESS CURRENT LIABILITIES

250,865

704,868

CREDITORS

Amounts falling due after more than one year

8

(22,800

)

(491,563

)

PROVISIONS FOR LIABILITIES

(24,862

)

(17,389

)

NET ASSETS

203,203

195,916

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

203,103

195,816

SHAREHOLDERS' FUNDS

203,203

195,916

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2016 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 23 August 2017 and were signed on its behalf by:

M Chittenden - Director

T Madge - Director

1.	STATUTORY INFORMATION

Woodhall Manor Events Ltd 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 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Goodwill

Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

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

-

20% on cost and 10% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 41 (2015 - 41 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2016

and 31 December 2016

590,000

AMORTISATION

At 1 January 2016

118,738

Charge for year

58,999

At 31 December 2016

177,737

NET BOOK VALUE

At 31 December 2016

412,263

At 31 December 2015

471,262

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2016

273,769

Additions

61,444

At 31 December 2016

335,213

DEPRECIATION

At 1 January 2016

79,915

Charge for year

29,841

At 31 December 2016

109,756

NET BOOK VALUE

At 31 December 2016

225,457

At 31 December 2015

193,854

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Trade debtors

26,452

240,182

Amounts owed by group undertakings

168,344

357,845

Other debtors

41,918

29,958

236,714

627,985

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Trade creditors

116,185

148,486

Taxation and social security

32,025

54,611

Other creditors

538,553

447,257

686,763

650,354

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2016

2015

£

£

Other creditors

22,800

491,563

9.	SECURED DEBTS

Barclays Bank PLC hold a debenture dated 9 January 2015 over the company and the group's assets.

10.	RELATED PARTY DISCLOSURES

During the year, the company paid the directors £67,000 (2015: £115,370) for the rent of the building from

which the company trades. At the year end, the company owed the directors £0 (2015: £183,623).

At the balance sheet date, the company was owed £168,344 (2015: £357,845) by The Manor By The Lake

Cheltenham Limited, a fellow subsidiary company. A management charge was paid to this company of £150,000

in respect of common costs inccured by it.

11.	ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of Heritage Rocks Ltd (formerly MT & TM Holdings Limited),

which is jointly owned by the directors.