1 November 2021 v2023.27.1 limited_company_frs_102_section_1a_v1_1_1 companies_houseSoftwarefalsetruetruetrueNo description of principal activity0falsetruexbrli:purexbrli:sharesiso4217:GBP129367672021-11-012022-12-31129367672022-12-31129367672021-10-3112936767core:WithinOneYear2022-12-3112936767core:WithinOneYear2021-10-3112936767core:AfterOneYear2022-12-3112936767core:AfterOneYear2021-10-3112936767core:ShareCapital2022-12-3112936767core:ShareCapital2021-10-3112936767core:RetainedEarningsAccumulatedLosses2022-12-3112936767core:RetainedEarningsAccumulatedLosses2021-10-3112936767bus:Director12021-11-012022-12-3112936767bus:RegisteredOffice2021-11-012022-12-31129367672020-10-082021-10-3112936767core:PlantMachinery2022-12-3112936767core:PlantMachinery2021-10-3112936767core:CostValuation2021-11-0112936767core:CostValuation2022-12-311293676712021-11-012022-12-3112936767countries:EnglandWales2021-11-012022-12-3112936767bus:AuditExempt-NoAccountantsReport2021-11-012022-12-3112936767bus:PrivateLimitedCompanyLtd2021-11-012022-12-3112936767bus:SmallEntities2021-11-012022-12-3112936767bus:FullAccounts2021-11-012022-12-31
Company registration number:
12936767
S Cask Ltd
Unaudited Filleted Financial Statements for the period ended
31 December 2022
S Cask Ltd
Report to the board of directors on the preparation of the unaudited statutory financial statements of S Cask Ltd
Period ended
31 December 2022
As described on the statement of financial position, the Board of Directors of
S Cask Ltd
are responsible for the preparation of the
financial statements
for the period ended
31 December 2022
, which comprise the income statement, statement of financial position and related notes.
You consider that the company is exempt from an audit under the Companies Act 2006.
In accordance with your instructions we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.
Statura Ltd
17 Grosvenor Street,
Mayfair
United Kingdom
S Cask Ltd
Statement of Financial Position
31 December 2022
31 Dec 202231 Oct 2021
Note££
Fixed assets    
Tangible assets 5
270,000
 
270,000
 
Investments 6
108,000
 
108,000
 
378,000
 
378,000
 
Current assets    
Stocks
1,695,000
 
958,799
 
Debtors 7
1,328,610
 
152,388
 
Cash at bank and in hand
1,211
 
663
 
3,024,821
 
1,111,850
 
Creditors: amounts falling due within one year 8
(143,435
)
(519,097
)
Net current assets
2,881,386
 
592,753
 
Total assets less current liabilities 3,259,386   970,753  
Creditors: amounts falling due after more than one year 9
(3,183,940
)
(948,094
)
Net assets
75,446
 
22,659
 
Capital and reserves    
Called up share capital
100
 
100
 
Profit and loss account
75,346
 
22,559
 
Shareholders funds
75,446
 
22,659
 
For the period ending
31 December 2022
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
  • The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476;
  • The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
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.
These
financial statements
were approved by the board of directors and authorised for issue on
30 October 2023
, and are signed on behalf of the board by:
Mr A Bleve
Director
Company registration number:
12936767
S Cask Ltd
Notes to the Financial Statements
Period ended
31 December 2022

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
17 Grosvenor Street, Mayfair
,
London
,
London
,
W1K 4QG
, United Kingdom.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Current tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.

Fixed asset investments

Investments in subsidiaries, associates and joint ventures accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses.
Investments in subsidiaries, associates and joint ventures accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income or profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted.
Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.
Other fixed asset investments which are listed are measured at fair value with changes in fair value being recognised in profit or loss.
All other Investments held as fixed assets are initially recorded at cost, and are subsequently stated at cost less any accumulated impairment losses.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price and are subsequently measured as follows: Debt instruments are subsequently measured at amortised cost and commitments to receive a loan and to make a loan to another entity are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment.
All other financial instruments, including derivatives, are initially recognised at fair value, which is normally the transaction price and are subsequently measured at fair value, with any changes recognised in profit or loss.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
All equity instruments regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Defined contribution pension plan

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4 Average number of employees

The average number of persons employed by the company during the period was nil (2021:
1
).

5 Tangible assets

Plant and machinery etc.
£
Cost  
At
1 November 2021
and
31 December 2022
270,000
 
Depreciation  
At
1 November 2021
and
31 December 2022
-  
Carrying amount  
At
31 December 2022
270,000
 
At 31 October 2021
270,000
 

6 Investments

Other investments other than loans
£
Cost  
At
1 November 2021
108,000
 
At
31 December 2022
108,000
 
Impairment  
At
1 November 2021
and
31 December 2022
-  
Carrying amount  
At
31 December 2022
108,000
 
At 31 October 2021
108,000
 

7 Debtors

31 Dec 202231 Oct 2021
££
Trade debtors
1,308,336
 
22,852
 
Other debtors
20,274
 
129,536
 
1,328,610
 
152,388
 

8 Creditors: amounts falling due within one year

31 Dec 202231 Oct 2021
££
Trade creditors
67,862
 
503,688
 
Taxation and social security
13,663
 
6,425
 
Other creditors
61,910
 
8,984
 
143,435
 
519,097
 

9 Creditors: amounts falling due after more than one year

31 Dec 202231 Oct 2021
££
Other creditors
3,183,940
 
948,094