Sir Humphrey Wakefield + Partners Ltd - Accounts to registrar (filleted) - small 18.2
Sir Humphrey Wakefield + Partners Ltd - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2017 |
| FOR |
| SIR HUMPHREY WAKEFIELD + PARTNERS |
| LIMITED |
| SIR HUMPHREY WAKEFIELD + PARTNERS |
| LIMITED (REGISTERED NUMBER: 01397477) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 DECEMBER 2017 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| SIR HUMPHREY WAKEFIELD + PARTNERS |
| LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31 DECEMBER 2017 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| Victoria House |
| Bondgate Within |
| Alnwick |
| Northumberland |
| NE66 1TA |
| SIR HUMPHREY WAKEFIELD + PARTNERS |
| LIMITED (REGISTERED NUMBER: 01397477) |
| BALANCE SHEET |
| 31 DECEMBER 2017 |
| 2017 | 2016 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 5 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year | 7 | ( |
) | ( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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. |
| SIR HUMPHREY WAKEFIELD + PARTNERS |
| LIMITED (REGISTERED NUMBER: 01397477) |
| BALANCE SHEET - continued |
| 31 DECEMBER 2017 |
| 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 |
| SIR HUMPHREY WAKEFIELD + PARTNERS |
| LIMITED (REGISTERED NUMBER: 01397477) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 DECEMBER 2017 |
| 1. | STATUTORY INFORMATION |
| Sir Humphrey Wakefield + Partners Limited is a |
| 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 |
| Turnover |
| Turnover represents rents receivable, shop takings and takings from events and furniture sales, excluding value added tax. |
| Tangible fixed assets |
| Fixtures, fittings and equipment | - |
| Motor vehicles | - |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving |
| items. |
| 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. |
| Foreign currencies |
| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet |
| date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. |
| Exchange differences are taken into account in arriving at the operating result. |
| Pension costs and other post-retirement benefits |
| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are |
| charged to profit or loss in the period to which they relate. |
| SIR HUMPHREY WAKEFIELD + PARTNERS |
| LIMITED (REGISTERED NUMBER: 01397477) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 DECEMBER 2017 |
| 2. | ACCOUNTING POLICIES - continued |
| Depreciation |
| Depreciation is not charged on long leasehold property, freehold land and timber or castle antiques as in the opinion of the |
| directors, the recoverable amount exceeds the cost. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | TANGIBLE FIXED ASSETS |
| Freehold | Fixtures, |
| property | fittings |
| and | Long | and |
| timber | leasehold | equipment |
| £ | £ | £ |
| COST |
| At 1 January 2017 |
| Additions |
| At 31 December 2017 |
| DEPRECIATION |
| At 1 January 2017 |
| Charge for year |
| At 31 December 2017 |
| NET BOOK VALUE |
| At 31 December 2017 |
| At 31 December 2016 |
| SIR HUMPHREY WAKEFIELD + PARTNERS |
| LIMITED (REGISTERED NUMBER: 01397477) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 DECEMBER 2017 |
| 4. | TANGIBLE FIXED ASSETS - continued |
| Motor | Castle |
| vehicles | antiques | Totals |
| £ | £ | £ |
| COST |
| At 1 January 2017 |
| Additions |
| Disposals | ( |
) | ( |
) |
| At 31 December 2017 |
| DEPRECIATION |
| At 1 January 2017 |
| Charge for year |
| At 31 December 2017 |
| NET BOOK VALUE |
| At 31 December 2017 |
| At 31 December 2016 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2017 | 2016 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2017 | 2016 |
| £ | £ |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2017 | 2016 |
| £ | £ |
| Other creditors |
| Included in other creditors due after more than one year is an amount of £149,835 (2015: £149,835) in respect of advances |
| made to the company by World Treasure Houses Inc. |
| SIR HUMPHREY WAKEFIELD + PARTNERS |
| LIMITED (REGISTERED NUMBER: 01397477) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 DECEMBER 2017 |
| 8. | RELATED PARTY DISCLOSURES |
| Control |
| The company is under the control of Sir Humphry Wakefield throughout the current and previous year. Sir Humphry |
| Wakefield is a director and majority shareholder in Sir Humphrey Wakefield + Partners Limited. |
| Transactions |
| On 1 January 1983 the company entered into a 99 year lease with Sir Humphry Wakefield in respect of certain land and |
| premises at Chillingham Castle. Sir Humphry Wakefield is a director and majority shareholder in Sir Humphrey Wakefield |
| + Partners Limited. Under the terms of the lease the first 25 years was rent free and the company has responsibility for the |
| upkeep of the land and premises. A professional review of the terms of the lease was undertaken in March 2010. The |
| valuers concluded that the rent should remain at one peppercorn. |
| Included in other creditors due after more than one year is an amount of £460,705 (2016: £481,647) in respect of a loan |
| from a director which he has undertaken not to withdraw from the company until the company has sufficient funds for such |
| withdrawal not to prejudice the interests of other creditors. |