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REGISTERED NUMBER: 06756983 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2021

FOR

Veblen Wines Ltd

Veblen Wines Ltd (Registered number: 06756983)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Veblen Wines Ltd

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2021







DIRECTOR: L Morel





REGISTERED OFFICE: Holly Bank Chambers
Oasts Business Village
Red Hill, Wateringbury
Maidstone
Kent
ME18 5NN





REGISTERED NUMBER: 06756983 (England and Wales)





ACCOUNTANTS: Knights
21 Highnam Buiness Centre
Highnam
Gloucestershire
GL2 8DN

Veblen Wines Ltd (Registered number: 06756983)

BALANCE SHEET
30 NOVEMBER 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,841 5,306
Investments 5 21,400 21,400
25,241 26,706

CURRENT ASSETS
Stocks 218,250 251,096
Debtors 6 247,140 278,483
Cash at bank and in hand 204,853 189,292
670,243 718,871
CREDITORS
Amounts falling due within one year 7 98,631 65,800
NET CURRENT ASSETS 571,612 653,071
TOTAL ASSETS LESS CURRENT
LIABILITIES

596,853

679,777

PROVISIONS FOR LIABILITIES 8 399,432 475,561
NET ASSETS 197,421 204,216

CAPITAL AND RESERVES
Called up share capital 1,012 1,012
Retained earnings 196,409 203,204
SHAREHOLDERS' FUNDS 197,421 204,216

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Veblen Wines Ltd (Registered number: 06756983)

BALANCE SHEET - continued
30 NOVEMBER 2021


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 1 September 2022 and were signed by:





L Morel - Director


Veblen Wines Ltd (Registered number: 06756983)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2021

1. STATUTORY INFORMATION

Veblen Wines 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 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding 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.
Plant and machinery etc - 25% 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2020 - 5 ) .

Veblen Wines Ltd (Registered number: 06756983)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2021

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2020
and 30 November 2021 72,477
DEPRECIATION
At 1 December 2020 67,171
Charge for year 1,465
At 30 November 2021 68,636
NET BOOK VALUE
At 30 November 2021 3,841
At 30 November 2020 5,306

5. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
2021 2020
£    £   
Guitars 18,400 18,400
Sculptures 3,000 3,000
21,400 21,400

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade debtors 31,181 54,783
Other debtors 215,959 223,700
247,140 278,483

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade creditors 107 178
Taxation and social security 14,247 12,698
Other creditors 84,277 52,924
98,631 65,800

Veblen Wines Ltd (Registered number: 06756983)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2021

8. PROVISIONS FOR LIABILITIES
2021 2020
£    £   
Other provisions 399,432 475,561

Other
provisions
£   
Balance at 1 December 2020 475,561
Provided during year (76,129 )
Balance at 30 November 2021 399,432

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 November 2021 and 30 November 2020:

2021 2020
£    £   
L Morel
Balance outstanding at start of year 179,980 179,043
Amounts advanced - 937
Amounts repaid (9,155 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 170,825 179,980