IRIS Accounts Production v23.2.0.158 02826213 Board of Directors 1.4.22 31.3.23 31.3.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure028262132022-03-31028262132023-03-31028262132022-04-012023-03-31028262132021-03-31028262132021-04-012022-03-31028262132022-03-3102826213ns16:EnglandWales2022-04-012023-03-3102826213ns15:PoundSterling2022-04-012023-03-3102826213ns11:Director12022-04-012023-03-3102826213ns11:PrivateLimitedCompanyLtd2022-04-012023-03-3102826213ns11:SmallEntities2022-04-012023-03-3102826213ns11:AuditExempt-NoAccountantsReport2022-04-012023-03-3102826213ns11:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3102826213ns11:SmallCompaniesRegimeForAccounts2022-04-012023-03-3102826213ns11:FullAccounts2022-04-012023-03-3102826213ns11:Director22022-04-012023-03-3102826213ns11:CompanySecretary12022-04-012023-03-3102826213ns11:RegisteredOffice2022-04-012023-03-3102826213ns6:CurrentFinancialInstruments2023-03-3102826213ns6:CurrentFinancialInstruments2022-03-3102826213ns6:Non-currentFinancialInstruments2023-03-3102826213ns6:Non-currentFinancialInstruments2022-03-3102826213ns6:ShareCapital2023-03-3102826213ns6:ShareCapital2022-03-3102826213ns6:RetainedEarningsAccumulatedLosses2023-03-3102826213ns6:RetainedEarningsAccumulatedLosses2022-03-3102826213ns6:LeaseholdImprovements2022-04-012023-03-3102826213ns6:PlantMachinery2022-04-012023-03-3102826213ns6:MotorVehicles2022-04-012023-03-3102826213ns6:ComputerEquipment2022-04-012023-03-3102826213ns6:LeaseholdImprovements2022-03-3102826213ns6:PlantMachinery2022-03-3102826213ns6:MotorVehicles2022-03-3102826213ns6:ComputerEquipment2022-03-3102826213ns6:LeaseholdImprovements2023-03-3102826213ns6:PlantMachinery2023-03-3102826213ns6:MotorVehicles2023-03-3102826213ns6:ComputerEquipment2023-03-3102826213ns6:LeaseholdImprovements2022-03-3102826213ns6:PlantMachinery2022-03-3102826213ns6:MotorVehicles2022-03-3102826213ns6:ComputerEquipment2022-03-3102826213ns6:WithinOneYearns6:CurrentFinancialInstruments2023-03-3102826213ns6:WithinOneYearns6:CurrentFinancialInstruments2022-03-31
REGISTERED NUMBER: 02826213 (England and Wales)





UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2023

FOR

DANEBURY VINEYARDS LIMITED

DANEBURY VINEYARDS LIMITED (REGISTERED NUMBER: 02826213)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DANEBURY VINEYARDS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2023







DIRECTORS: Mrs C Wanivenhaus
F Piech



SECRETARY: P J R Westropp



REGISTERED OFFICE: 25 St Thomas Street
Winchester
Hampshire
SO23 9HJ



REGISTERED NUMBER: 02826213 (England and Wales)



ACCOUNTANTS: Martin and Company
25 St Thomas Street
Winchester
Hampshire
SO23 9HJ



BANKERS: Barclays Bank Plc
5, High Street
Andover
Hampshire
SP10 1LN

DANEBURY VINEYARDS LIMITED (REGISTERED NUMBER: 02826213)

BALANCE SHEET
31ST MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 20,548 22,034

CURRENT ASSETS
Stocks 5 39,715 59,468
Debtors 6 21,643 20,408
Cash at bank 58,135 79,410
119,493 159,286
CREDITORS
Amounts falling due within one year 7 6,736 7,398
NET CURRENT ASSETS 112,757 151,888
TOTAL ASSETS LESS CURRENT
LIABILITIES

133,305

173,922

CREDITORS
Amounts falling due after more than one
year

8

3,371,230

3,129,122
NET LIABILITIES (3,237,925 ) (2,955,200 )

CAPITAL AND RESERVES
Called up share capital 2,475,002 2,475,002
Retained earnings (5,712,927 ) (5,430,202 )
SHAREHOLDERS' FUNDS (3,237,925 ) (2,955,200 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2023 in accordance with Section 476 of the Companies Act 2006.

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.

DANEBURY VINEYARDS LIMITED (REGISTERED NUMBER: 02826213)

BALANCE SHEET - continued
31ST MARCH 2023


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 Board of Directors and authorised for issue on 6th October 2023 and were signed on its behalf by:





F Piech - Director


DANEBURY VINEYARDS LIMITED (REGISTERED NUMBER: 02826213)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023


1. STATUTORY INFORMATION

Danebury Vineyards 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.

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.

The company relies on the continued support of the directors and Bolton Investment Holdings Limited. The directors and company have confirmed their support for the foreseeable future and will not seek repayment of their loans until sufficient funds are available. Therefore the directors are of the opinion that the accounts should be prepared on a going concern basis.

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.
Tenants improvements - 5% on cost
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Growing vines and woodland - 2% 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.

DANEBURY VINEYARDS LIMITED (REGISTERED NUMBER: 02826213)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2023


2. ACCOUNTING POLICIES - continued

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 5 (2022 - 5 ) .

4. TANGIBLE FIXED ASSETS
Growing
Tenants Plant and Motor vines and
improvements machinery vehicles woodland Totals
£    £    £    £    £   
COST
At 1st April 2022
and 31st March 2023 127,688 136,456 32,869 26,761 323,774
DEPRECIATION
At 1st April 2022 127,688 133,054 31,412 9,586 301,740
Charge for year - 587 364 535 1,486
At 31st March 2023 127,688 133,641 31,776 10,121 303,226
NET BOOK VALUE
At 31st March 2023 - 2,815 1,093 16,640 20,548
At 31st March 2022 - 3,402 1,457 17,175 22,034

5. STOCKS
2023 2022
£    £   
Wine in store 27,215 46,468
Stock of labels 12,500 13,000
39,715 59,468

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 3,543 18,193
VAT 2,353 2,215
Prepayments and accrued income 15,747 -
21,643 20,408

DANEBURY VINEYARDS LIMITED (REGISTERED NUMBER: 02826213)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 2,176 3,117
Accruals and deferred income 4,560 4,281
6,736 7,398

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Directors current accounts 1,653,571 1,653,571
Other creditors 1,717,659 1,475,551
3,371,230 3,129,122

9. RELATED PARTY DISCLOSURES

At the year end the directors are owed £1,653,571 (2022 - £1,653,571) cumulatively.