Caseware UK (AP4) 2022.0.179 2022.0.179 2022-01-01falseNo description of principal activity23truetrue 05634368 2022-01-01 2022-12-31 05634368 2021-07-01 2021-12-31 05634368 2022-12-31 05634368 2021-12-31 05634368 c:Director1 2022-01-01 2022-12-31 05634368 d:CurrentFinancialInstruments 2022-12-31 05634368 d:CurrentFinancialInstruments 2021-12-31 05634368 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 05634368 d:CurrentFinancialInstruments d:WithinOneYear 2021-12-31 05634368 d:ShareCapital 2022-12-31 05634368 d:ShareCapital 2021-12-31 05634368 d:OtherMiscellaneousReserve 2022-01-01 2022-12-31 05634368 d:OtherMiscellaneousReserve 2022-12-31 05634368 d:OtherMiscellaneousReserve 2021-12-31 05634368 d:RetainedEarningsAccumulatedLosses 2022-01-01 2022-12-31 05634368 d:RetainedEarningsAccumulatedLosses 2022-12-31 05634368 d:RetainedEarningsAccumulatedLosses 2021-12-31 05634368 c:OrdinaryShareClass1 2022-01-01 2022-12-31 05634368 c:OrdinaryShareClass1 2022-12-31 05634368 c:OrdinaryShareClass1 2021-12-31 05634368 c:OrdinaryShareClass2 2022-01-01 2022-12-31 05634368 c:OrdinaryShareClass2 2022-12-31 05634368 c:OrdinaryShareClass2 2021-12-31 05634368 c:OrdinaryShareClass3 2022-01-01 2022-12-31 05634368 c:OrdinaryShareClass3 2022-12-31 05634368 c:OrdinaryShareClass3 2021-12-31 05634368 c:OrdinaryShareClass4 2022-01-01 2022-12-31 05634368 c:OrdinaryShareClass4 2022-12-31 05634368 c:OrdinaryShareClass4 2021-12-31 05634368 c:OrdinaryShareClass5 2022-01-01 2022-12-31 05634368 c:OrdinaryShareClass5 2022-12-31 05634368 c:OrdinaryShareClass5 2021-12-31 05634368 c:FRS102 2022-01-01 2022-12-31 05634368 c:Audited 2022-01-01 2022-12-31 05634368 c:FullAccounts 2022-01-01 2022-12-31 05634368 c:PrivateLimitedCompanyLtd 2022-01-01 2022-12-31 05634368 c:SmallCompaniesRegimeForAccounts 2022-01-01 2022-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 05634368










Oliver's Beer and Wine Limited










Financial statements

Information for filing with the registrar

For the year ended 31 December 2022

 
Oliver's Beer and Wine Limited
Registered number: 05634368

Balance sheet
As at 31 December 2022

2022
2021
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
62,705
63,325

  
62,705
63,325

Creditors: amounts falling due within one year
 5 
(17,900)
(20,204)

Net current assets
  
 
 
44,805
 
 
43,121

Total assets less current liabilities
  
44,805
43,121

  

Net assets
  
44,805
43,121


Capital and reserves
  

Called up share capital 
 6 
104
104

Other reserves
 7 
86,689
86,689

Profit and loss account
 7 
(41,988)
(43,672)

  
44,805
43,121


The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 





M J Curtis
Director

Date: 29 September 2023

The notes on pages 2 to 5 form part of these financial statements.

Page 1

 
Oliver's Beer and Wine Limited
 

 
Notes to the financial statements
For the year ended 31 December 2022

1.


General information

Oliver's Beer and Wine Limited (“the company”) is a private company limited by shares and is incorporated in England with the registration number 05634368.  The address of the registered office is Unit 2a & 2b Sapphire House, Minster, Kent, CT12 5FE. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the company's accounting policies.

The financial statements rounded to the nearest pound.

The following principal accounting policies have been applied:

 
2.2

Going concern

The directors have considered the domestic and global economic climate in making their going
concern assessment. Whilst it is difficult to evaluate with certainty, the directors are confident that
based on the breadth of the customer base and the financial strength of the company and the Drink Warehouse Group, it will continue in operational existence far into the future. Thus, the directors continue to adopt the going concern basis of accounting in preparing the annual financial statements.

 
2.3

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.4

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 2

 
Oliver's Beer and Wine Limited
 

 
Notes to the financial statements
For the year ended 31 December 2022

2.Accounting policies (continued)

 
2.5

Financial instruments

The company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's Balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2021 - 3).

Page 3

 
Oliver's Beer and Wine Limited
 

 
Notes to the financial statements
For the year ended 31 December 2022

4.


Debtors

2022
2021
£
£


Other debtors
62,705
63,325



5.


Creditors: Amounts falling due within one year

2022
2021
£
£

Bank loans
-
3,627

Trade creditors
5,767
13,283

Amounts owed to group undertakings
12,133
3,294

17,900
20,204



6.


Share capital

2022
2021
£
£
Allotted, called up and fully paid



50 (2021 - 50) Ordinary shares of £1.00 each
50
50
25 (2021 - 25) Ordinary A shares of £1.00 each
25
25
25 (2021 - 25) Ordinary B shares of £1.00 each
25
25
1 (2021 - 1) Ordinary C share of £1.00
1
1
1 (2021 - 1) Ordinary D share of £1.00
1
1
2 (2021 - 2) Ordinary E shares of £1.00 each
2
2

104

104





7.


Reserves

Other reserves

This reserve represents capital contributions received by the company from its parent undertaking which the company is under no obligation to repay.

Profit and loss account

This reserve comprises all current and prior period retained profits and losses after deducting any distributions made to the company’s shareholders.

Page 4

 
Oliver's Beer and Wine Limited
 

 
Notes to the financial statements
For the year ended 31 December 2022

8.


Related party transactions

All related party transactions during the current and prior periods, including key management personnel compensation, were made under normal market conditions.


9.


Controlling party

Drink Warehouse UK Limited, is the company's immediate and ultimate parent undertaking. Consolidated financial statements including the results of the company are prepared by Drink Warehouse UK Limited and are publicly available from the Registrar of Companies. Drink Warehouse UK Limited is registered at Unit 2a & 2b Sapphire House, Minster, Kent, CT12 5FE.


10.


Auditor's information

The auditor's report on the financial statements for the year ended 31 December 2022 was unqualified.

The audit report was signed on 29 September 2023 by Allan Pinner FCCA (Senior statutory auditor) on behalf of Kreston Reeves LLP.


Page 5