Caseware UK (AP4) 2022.0.179 2022.0.179 2022-05-312022-05-31No description of principal activity22021-06-01false2falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 12007452 2021-06-01 2022-05-31 12007452 2020-06-01 2021-05-31 12007452 2022-05-31 12007452 2021-05-31 12007452 c:Director1 2021-06-01 2022-05-31 12007452 d:Buildings 2021-06-01 2022-05-31 12007452 d:Buildings 2022-05-31 12007452 d:Buildings 2021-05-31 12007452 d:Buildings d:OwnedOrFreeholdAssets 2021-06-01 2022-05-31 12007452 d:PlantMachinery 2021-06-01 2022-05-31 12007452 d:PlantMachinery 2022-05-31 12007452 d:PlantMachinery 2021-05-31 12007452 d:PlantMachinery d:OwnedOrFreeholdAssets 2021-06-01 2022-05-31 12007452 d:MotorVehicles 2021-06-01 2022-05-31 12007452 d:MotorVehicles 2022-05-31 12007452 d:MotorVehicles 2021-05-31 12007452 d:MotorVehicles d:OwnedOrFreeholdAssets 2021-06-01 2022-05-31 12007452 d:FurnitureFittings 2021-06-01 2022-05-31 12007452 d:OfficeEquipment 2021-06-01 2022-05-31 12007452 d:OfficeEquipment 2022-05-31 12007452 d:OfficeEquipment 2021-05-31 12007452 d:OfficeEquipment d:OwnedOrFreeholdAssets 2021-06-01 2022-05-31 12007452 d:OwnedOrFreeholdAssets 2021-06-01 2022-05-31 12007452 d:FreeholdInvestmentProperty 2021-06-01 2022-05-31 12007452 d:FreeholdInvestmentProperty 2022-05-31 12007452 d:CurrentFinancialInstruments 2022-05-31 12007452 d:CurrentFinancialInstruments 2021-05-31 12007452 d:Non-currentFinancialInstruments 2022-05-31 12007452 d:Non-currentFinancialInstruments 2021-05-31 12007452 d:CurrentFinancialInstruments d:WithinOneYear 2022-05-31 12007452 d:CurrentFinancialInstruments d:WithinOneYear 2021-05-31 12007452 d:Non-currentFinancialInstruments d:AfterOneYear 2022-05-31 12007452 d:Non-currentFinancialInstruments d:AfterOneYear 2021-05-31 12007452 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2022-05-31 12007452 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2021-05-31 12007452 d:ShareCapital 2022-05-31 12007452 d:ShareCapital 2021-05-31 12007452 d:RetainedEarningsAccumulatedLosses 2022-05-31 12007452 d:RetainedEarningsAccumulatedLosses 2021-05-31 12007452 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2022-05-31 12007452 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2021-05-31 12007452 c:OrdinaryShareClass1 2021-06-01 2022-05-31 12007452 c:OrdinaryShareClass1 2022-05-31 12007452 c:OrdinaryShareClass1 2021-05-31 12007452 c:FRS102 2021-06-01 2022-05-31 12007452 c:AuditExempt-NoAccountantsReport 2021-06-01 2022-05-31 12007452 c:FullAccounts 2021-06-01 2022-05-31 12007452 c:PrivateLimitedCompanyLtd 2021-06-01 2022-05-31 12007452 2 2021-06-01 2022-05-31 iso4217:GBP xbrli:shares xbrli:pure
Registered number: 12007452














ORGANIC GRAPE SPIRIT LTD
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 31 MAY 2022

 
ORGANIC GRAPE SPIRIT LTD
REGISTERED NUMBER: 12007452

STATEMENT OF FINANCIAL POSITION
AS AT 31 MAY 2022

2022
2021
Note

Fixed assets
  

Tangible assets
 4 
4,589,521
896,400

Investment property
 5 
2,183,860
-

  
6,773,381
896,400

Current assets
  

Debtors: amounts falling due within one year
 6 
552,892
1,214,398

Cash at bank and in hand
 7 
1,527,229
7,387,765

  
2,080,121
8,602,163

Creditors: amounts falling due within one year
 8 
(110,240)
(41,005)

Net current assets
  
 
 
1,969,881
 
 
8,561,158

Total assets less current liabilities
  
8,743,262
9,457,558

Creditors: amounts falling due after more than one year
 9 
(10,194,243)
(10,317,610)

Net liabilities
  
£(1,450,981)
£(860,052)


Capital and reserves
  

Called up share capital 
 12 
1
1

Profit and loss account
  
(1,450,982)
(860,053)

  
£(1,450,981)
£(860,052)


Page 1

 
ORGANIC GRAPE SPIRIT LTD
REGISTERED NUMBER: 12007452

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MAY 2022

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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 income and retained earnings 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 on 25 October 2023.




___________________________
F Gulino Camarero
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
ORGANIC GRAPE SPIRIT LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2022

1.


General information

Organic Grape Spirit Ltd is a private company, limited by shares, incorporated in England and Wales under number 12007452.  The registered office is Henwood House, Henwood, Ashford, Kent, TN24 8DH.

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 following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of income and retained earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 3

 
ORGANIC GRAPE SPIRIT LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2022

2.Accounting policies (continued)

 
2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Land is not depreciated. Depreciation on other assets is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on the most appropriate basis.

Depreciation is provided on the following basis:

Freehold property
-
2%
Straight line
Plant and machinery
-
20%
Straight line
Motor vehicles
-
20%
Reducing balance
Fixtures and fittings
-
20%
Straight line
Office equipment
-
20%
Straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.9

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.

 
2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 4

 
ORGANIC GRAPE SPIRIT LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2022

2.Accounting policies (continued)

 
2.11

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.

 
2.12

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 Statement of financial position 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 instruments 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 - 2).

Page 5

 
ORGANIC GRAPE SPIRIT LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2022

4.


Tangible fixed assets





Freehold property
Plant and machinery
Motor vehicles
Office equipment
Total



Cost or valuation


At 1 June 2021
860,236
-
42,500
2,529
905,265


Additions
2,970,149
876,174
-
15,594
3,861,917



At 31 May 2022

3,830,385
876,174
42,500
18,123
4,767,182



Depreciation


At 1 June 2021
-
-
8,500
365
8,865


Charge for the year on owned assets
14,341
146,639
6,800
1,016
168,796



At 31 May 2022

14,341
146,639
15,300
1,381
177,661



Net book value



At 31 May 2022
£3,816,044
£729,535
£27,200
£16,742
£4,589,521



At 31 May 2021
£860,236
£-
£34,000
£2,164
£896,400


5.


Investment property


Freehold investment property



Valuation


Additions at cost
2,183,860



At 31 May 2022
2,183,860

The 2022 valuations were made by the director, on an open market value for existing use basis.




Page 6

 
ORGANIC GRAPE SPIRIT LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2022

6.


Debtors

2022
2021


Other debtors
442,943
426,061

Prepayments and accrued income
109,949
788,337

£552,892
£1,214,398



7.


Cash and cash equivalents

2022
2021

Cash at bank and in hand
1,527,229
7,387,765

Less: bank overdrafts
(7)
-

£1,527,222
£7,387,765



8.


Creditors: Amounts falling due within one year

2022
2021

Bank overdrafts
7
-

Other taxation and social security
1,520
1,166

Other creditors
10,305
6,076

Accruals and deferred income
98,408
33,763

£110,240
£41,005



9.


Creditors: Amounts falling due after more than one year

2022
2021

Other loans
£10,194,243
£10,317,610



10.


Loans


Analysis of the maturity of loans is given below:


2022
2021




Amounts falling due after more than 5 years

Other loans
£10,194,243
£10,317,610


Page 7

 
ORGANIC GRAPE SPIRIT LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2022

11.


Financial instruments

2022
2021

Financial assets


Financial assets measured at fair value through profit or loss
£1,527,229
£7,387,765




Financial assets measured at fair value through profit or loss comprise bank and cash balances.


12.


Share capital

2022
2021
Allotted, called up and fully paid



1 (2021 - 1) Ordinary share of £1.00
£1
£1



13.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company  in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £4,184 (2021 - £1,640). Contributions totalling £372 (2021 - £410) were payable to the fund at the reporting date and are included in creditors.


Page 8