|
|
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2017 |
|
FOR |
|
WENTWORTH CASTLE TRADING LIMITED |
|
|
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2017 |
|
FOR |
|
WENTWORTH CASTLE TRADING LIMITED |
WENTWORTH CASTLE TRADING LIMITED (REGISTERED NUMBER: 05781292) |
|
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2017 |
|
|
|
|
|
|
|
|
|
|
Page |
|
Company Information | 1 |
|
Statement of Financial Position | 2 |
|
Notes to the Financial Statements | 3 |
|
WENTWORTH CASTLE TRADING LIMITED |
|
COMPANY INFORMATION |
FOR THE YEAR ENDED 31 MARCH 2017 |
|
|
|
|
|
|
|
DIRECTORS: |
|
|
|
|
|
|
|
|
SECRETARY: |
|
|
|
|
REGISTERED OFFICE: |
|
|
|
|
|
|
|
|
|
REGISTERED NUMBER: |
|
|
|
|
SENIOR STATUTORY AUDITOR: |
|
|
|
|
AUDITORS: |
|
Chartered Certified Accountants and |
Statutory Auditors |
Copia House |
Great Cliffe Court |
Great Cliffe Road |
Barnsley |
South Yorkshire |
S75 3SP |
WENTWORTH CASTLE TRADING LIMITED (REGISTERED NUMBER: 05781292) |
|
STATEMENT OF FINANCIAL POSITION |
31 MARCH 2017 |
|
31.3.17 | 31.3.16 |
Notes | £ | £ |
CURRENT ASSETS |
Inventories | 4 |
|
|
Debtors | 5 |
|
|
Cash at bank and in hand |
|
|
|
|
CREDITORS |
Amounts falling due within one year | 6 |
|
|
NET CURRENT ASSETS |
|
|
TOTAL ASSETS LESS CURRENT
LIABILITIES |
|
|
|
CAPITAL AND RESERVES |
Called up share capital |
|
|
SHAREHOLDERS' FUNDS |
|
|
|
|
|
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
by: |
|
|
|
|
|
|
|
WENTWORTH CASTLE TRADING LIMITED (REGISTERED NUMBER: 05781292) |
|
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2017 |
|
|
1. | STATUTORY INFORMATION |
|
Wentworth Castle Trading Limited is a
|
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 |
|
|
Turnover |
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, |
value added tax and other sales taxes. |
|
Stocks |
Inventories 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 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 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. |
|
Going concern |
Following the withdrawal by Barnsley Metropolitan Borough Council of its support to underwrite the working |
capital requirements of the parent company trust and the subsequent winding down of the operations of both the |
company and the parent company trust, the directors have considered the appropriateness of the going concern |
basis for the preparation of the 2016/17 financial statements and deemed that it is no longer appropriate. The |
financial statements have therefore been prepared on a break up basis. |
|
3. | EMPLOYEES AND DIRECTORS |
|
The average number of employees during the year was
|
WENTWORTH CASTLE TRADING LIMITED (REGISTERED NUMBER: 05781292) |
|
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2017 |
|
|
4. | INVENTORIES |
31.3.17 | 31.3.16 |
£ | £ |
Goods for resale | 11,471 | 22,765 |
|
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.17 | 31.3.16 |
£ | £ |
Trade debtors |
|
|
Amounts owed by group undertakings |
|
|
Value added tax | 21 | 387 |
Prepayments and other debtors |
|
|
|
|
|
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.17 | 31.3.16 |
£ | £ |
Trade creditors |
|
|
Accruals and other creditors |
|
|
|
|
|
7. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
|
The Report of the Auditors was unqualified. |
|
|
for and on behalf of
|
|
8. | RELATED PARTY DISCLOSURES |
|
During the year a loan existed between the company and Wentworth Castle and Stainborough Park Heritage |
Trust. The loan outstanding at the year end from the trust was £9,133 (2016: £6,834). The profits of the company |
are gifted to the charity. |
|
9. | EVENTS AFTER THE REPORTING PERIOD |
|
In December 2016, Barnsley Metropolitan Borough Council gave notice to the trustees of the parent company |
Wentworth Castle and Stainborough Park Heritage Trust that it was to discontinue its ongoing support of |
underwriting the trust's working capital requirements with immediate effect. This resulted in the trustees having |
to agree to a managed wind down of the operations of both Wentworth Castle and Stainborough Park Heritage |
Trust and Wentworth Castle Trading Limited. This process commenced in January 2017, with the grounds of the |
estate remaining open until Easter 2017. Wentworth Castle Trading Limited continued to service the weddings |
that were booked prior to the closure announcement with the final event taking place in September 2017. |
|
10. | ULTIMATE CONTROLLING PARTY |
|
The company is a wholly owned subsidiary of Wentworth Castle and Stainborough Park Heritage Trust. |