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McPherson Wines Limited























Unaudited

Financial statements



For the year ended 30 June 2023



Registered number: 03253926

 
McPherson Wines Limited


Company Information


Director
A Purbrick 




Registered number
03253926



Registered office
C/O Buzzacott LLP
130 Wood Street

London

EC2V 6DL




Chartered accountants
Buzzacott LLP

130 Wood Street

London

EC2V 6DL





 
McPherson Wines Limited


Contents



Page
Director's report
 
1
Chartered accountants' report
 
2
Income statement
 
3
Statement of financial position
 
4
Notes to the financial statements
 
5 - 6


 
McPherson Wines Limited

 
Director's report
For the year ended 30 June 2023

The director presents his annual report and the unaudited financial statements of the company for the year ended 30 June 2023.

Director

The director who served during the year was:

A Purbrick 

Small companies exemption

In preparing this report, the director has taken advantage of the small companies exemptions provided by section 415A of the Companies Act 2006.

This report was approved and signed by the director:  
 





A Purbrick
Director

Date: 9 November 2023

Page 1

 
McPherson Wines Limited

  
Chartered accountants' report to the director on the preparation of the unaudited statutory financial statements of McPherson Wines Limited for the year ended 30 June 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of McPherson Wines Limited ('the company') for the year ended 30 June 2023 which comprise the Income statement, the Statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the director of the company in accordance with the terms of our engagement letter dated 2 November 2022Our work has been undertaken solely to prepare for your approval the financial statements of the company  and state those matters that we have agreed to state to the director of McPherson Wines Limited in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report. 

It is your duty to ensure that the company has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and result of the company. You consider that the company is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of the company. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



Buzzacott LLP
Chartered Accountants
130 Wood Street
London
EC2V 6DL
 
9 November 2023
Page 2

 
McPherson Wines Limited


Income statement
For the year ended 30 June 2023

The company has not traded during the year or the preceding financial year. During these years, the company received no income and incurred no expenditure and therefore made neither profit or loss.

Page 3

 
McPherson Wines Limited - Registered number: 03253926

Statement of financial position
As at 30 June 2023

2023
2022
Note
£
£

  

Creditors: amounts falling due within one year
 3 
(77,617)
(77,617)

Net current liabilities
  
 
 
(77,617)
 
 
(77,617)

Total assets less current liabilities
  
(77,617)
(77,617)

  

Net liabilities
  
(77,617)
(77,617)


Capital and reserves
  

Share capital
  
100
100

Profit and loss account
  
(77,717)
(77,717)

  
(77,617)
(77,617)


For the year ended 30 June 2023 the company was entitled to exemption from audit under section 480 of the Companies Act 2006.

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 director acknowledges his 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 were approved and authorised for issue and signed by the director:  




A Purbrick
Director

Date:9 November 2023

The notes on pages 5 to 6 form part of these financial statements.

Page 4

 
McPherson Wines Limited

 
Notes to the financial statements
For the year ended 30 June 2023

1.


General information

McPherson Wines Limited is a private company limited by shares and is incorporated in England and Wales. Its company registration number is 03253926. The registered office of the company is C/O Buzzacott LLP, 130 Wood Street, London, EC2V 6DL.

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 Republic of Ireland' ('FRS102') and the Companies Act 2006.

  
2.2

Dormant status

The company was dormant (within the meaning of Section 480 of the Companies Act 2006) throughout the year ended 30 June 2023. The company has not traded during the year and received no income and incurred no expenses and therefore made neither profit nor loss.

 
2.3

Going concern

At the balance sheet date, the company's liabilities exceeded its assets. The company has received assurance from McPherson Wines Pty Ltd, its immediate parent company, that it will continue to give financial support to the company for a period of at least twelve months from the date of approval of these financial statements sufficient to enable the company to meet its liabilities as and when they fall due for the foreseeable future and defer repayment of its loans in favour of other creditors.
On this basis, the director considers it appropriate to prepare the financial statements on a going concern basis. However, should the financial support mentioned above not be forthcoming, the going concern basis used in preparing the company's financial statements may be invalid and adjustments would have to be made to reduce the value of assets to their realisable amount and to provide for any further liabilities which might arise. The financial statements do not include any adjustment to the company's assets or liabilities that might be necessary should this basis not continue to be appropriate.

 
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.


3.


Creditors: amounts falling due within one year

2023
2022
£
£

Amounts owed to group undertakings
77,617
77,617

77,617
77,617


Page 5

 
McPherson Wines Limited

 
Notes to the financial statements
For the year ended 30 June 2023

4.


Related party transactions

As at 30 June 2023 the balance of £77,617 (2022: £77,617) was still outstanding to the immediate parent company. This loan is repayable on demand.

Page 6