REGISTERED NUMBER: 06856792 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2018

FOR

VAN DYK COUNTRY HOUSE HOTEL LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

P E Wildes

M A Wildes

SECRETARY:

M A Wildes

REGISTERED OFFICE:

Van Dyk Hotel

Worksop Road

Clowne

Chesterfield

S43 4TD

REGISTERED NUMBER:

06856792 (England and Wales)

SENIOR STATUTORY AUDITOR:

Michael Caputo FCA

AUDITORS:

McLintocks Partnership Limited

Chartered Accountants

Statutory Auditors

2 Hilliards Court

Chester Business Park

Chester

Cheshire

CH4 9PX

FIXED ASSETS

Tangible assets

4

1,543,152

1,279,019

Investments

5

1

-

1,543,153

1,279,019

CURRENT ASSETS

Stocks

23,336

40,442

Debtors

901,773

733,130

Cash in hand

4,000

4,000

929,109

777,572

CREDITORS

Amounts falling due within one year

1,003,280

727,060

NET CURRENT (LIABILITIES)/ASSETS

(74,171

)

50,512

TOTAL ASSETS LESS CURRENT LIABILITIES

1,468,982

1,329,531

CAPITAL AND RESERVES

Called up share capital

1

1

Revaluation reserve

6

1,000,000

1,000,000

Retained earnings

468,981

329,530

1,468,982

1,329,531

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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2018 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 on 11 February 2019 and were signed on its behalf by:

P E Wildes - Director

1.	STATUTORY INFORMATION

Van Dyk Country House Hotel 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Going concern

The directors have prepared cash flow forecasts for the company for a period of 12 months

from the date of approval of these financial statements and have a reasonable expectation

that the company can continue to meet its liabilities as they fall due. On this basis, the

directors consider it appropriate to prepare the financial statements on the going concern

basis.

Critical accounting judgements and key sources of estimation uncertainty

In the application of the company's accounting policies, the directors are required to make

judgement, estimates and assumptions about the carrying amount of assets and liabilities

that are not readily apparent from other sources. The estimates and associated assumptions

are based on historical experience and other factors that are considered to be relevant.

Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to

accounting estimates are recognised in the period in which the estimate is revised where the

revision affects only that period, or in the period of the revision and future periods where the

revision affects both current and future periods.

Income

With the exception of weddings, income is recognised to the extent that it is probable that

the economic benefits will flow to the company and the revenue can be reliably measured

once the goods or services are provided to the customer. Wedding income is recognised in

full when booked during the year. The income received or receivable excludes discounts,

rebates, value added tax and other sales taxes.

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

-

Nil

Plant and machinery etc

-

50% on cost, 25% on cost and 20% 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.

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.

Debtors

Debtors are recognised at the settlement amount due after any trade discounts offered.

Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash at bank

Cash at bank and cash in hand includes cash and short term deposits.

Creditors and Provisions

Creditors and provisions are recognised where the company has a present obligation

resulting from a past event that will probably result in the transfer of funds to a third party

and the amount due to settle the obligation can be measured or estimated reliably. Creditors

and provisions are normally recognised at their settlement amount after allowing for any

trade discounts due.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 65 (2017 - 63 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2017

1,382,728

Additions

336,149

Disposals

(84,274

)

At 31 March 2018

1,634,603

DEPRECIATION

At 1 April 2017

103,709

Charge for year

72,016

Eliminated on disposal

(84,274

)

At 31 March 2018

91,451

NET BOOK VALUE

At 31 March 2018

1,543,152

At 31 March 2017

1,279,019

5.	FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:

Totals

£

COST

At 1 April 2017

756,513

Additions

1

Disposals

(756,513

)

At 31 March 2018

1

PROVISIONS

At 1 April 2017

756,513

Eliminated on disposal

(756,513

)

At 31 March 2018

-

NET BOOK VALUE

At 31 March 2018

1

At 31 March 2017

-

The company's investments at the Balance Sheet date in the share capital of companies

include the following:

Van Dyk Trading Limited

Registered office: Hotel Van Dyk, Worksop Road,Clowne, Chesterfield, England,S43 4TD

Nature of business: Hotel

%

Class of shares:

holding

Ordinary

100.00

6.

RESERVES

Revaluation

reserve

£

At 1 April 2017

and 31 March 2018

1,000,000

The directors valued the leasehold property at £1,000,000 at 31 March 2017. This valuation

remains unchanged at 31 March 2018.

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

The Report of the Auditors was unqualified.

Michael Caputo FCA (Senior Statutory Auditor)

for and on behalf of McLintocks Partnership Limited

8.	CAPITAL COMMITMENTS

Van Dyk Country House Hotel have committed to build a new hotel adjacent to the current

hotel in Chesterfield. This commitment totals £1,000,000.

9.	RELATED PARTY DISCLOSURES

During the year the following transactions were entered into with companies in which Mr P E

Wildes held an interest:-

A loan was advanced to W Investment Group Limited. As at 31 March 2018 the balance

remaining was £nil (2017 - £271,347).

A loan was advanced to P Wildes Group Limited. As at 31 March 2018 the balance

remaining was £nil (2017 - £330,374).

A loan was advanced from Wildes Education Limited. As at 31 March 2018 the balance

owed was £26,332 (2017 - £nil).

A loan was advanced to Wildes Branded Hotels Limited. As at 31 March 2018 the balance

owed was £377,705 (2017 - £nil).

Included in creditors is a directors loan of £nil (2017 - £6,860) due to Mr P Wildes.

10.	ULTIMATE CONTROLLING PARTY

The immediate parent company of Van Dyk Country House Hotel Limited is P Wildes Group

Limited, a company incorporated in England and Wales.

The ultimate controlling party of P Wildes Group Limited is P E Wildes.

The registered address of P Wildes Group Limited is Van Dyk Hotel, Worksop Road,

Clowne, Chesterfield, England, S43 4TD. This is also the company's principal place of

business.