Caseware UK (AP4) 2022.0.179 2022.0.179 2023-02-282023-02-2822022-03-01No description of principal activity2truefalsefalseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13184987 2022-03-01 2023-02-28 13184987 2021-02-08 2022-02-28 13184987 2023-02-28 13184987 2022-02-28 13184987 c:Director4 2022-03-01 2023-02-28 13184987 d:CurrentFinancialInstruments 2023-02-28 13184987 d:CurrentFinancialInstruments 2022-02-28 13184987 d:Non-currentFinancialInstruments 2023-02-28 13184987 d:Non-currentFinancialInstruments 2022-02-28 13184987 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 13184987 d:CurrentFinancialInstruments d:WithinOneYear 2022-02-28 13184987 d:Non-currentFinancialInstruments d:AfterOneYear 2023-02-28 13184987 d:Non-currentFinancialInstruments d:AfterOneYear 2022-02-28 13184987 d:ShareCapital 2023-02-28 13184987 d:ShareCapital 2022-02-28 13184987 d:RetainedEarningsAccumulatedLosses 2023-02-28 13184987 d:RetainedEarningsAccumulatedLosses 2022-02-28 13184987 c:OrdinaryShareClass1 2022-03-01 2023-02-28 13184987 c:OrdinaryShareClass1 2023-02-28 13184987 c:OrdinaryShareClass2 2022-03-01 2023-02-28 13184987 c:OrdinaryShareClass2 2023-02-28 13184987 c:FRS102 2022-03-01 2023-02-28 13184987 c:AuditExempt-NoAccountantsReport 2022-03-01 2023-02-28 13184987 c:FullAccounts 2022-03-01 2023-02-28 13184987 c:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 13184987 2 2022-03-01 2023-02-28 13184987 6 2022-03-01 2023-02-28 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 13184987









RAPUNZEL NEWCO LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2023

 
RAPUNZEL NEWCO LIMITED
REGISTERED NUMBER:13184987

BALANCE SHEET
AS AT 28 FEBRUARY 2023

2023
2022
Note
£
£

Fixed assets
  

Investments
 4 
39,857,110
39,857,110

  
39,857,110
39,857,110

Current assets
  

Cash at bank and in hand
  
47,371
49,950

  
47,371
49,950

Creditors: amounts falling due within one year
 5 
(22,783)
(15,802)

Net current assets
  
 
 
24,588
 
 
34,148

Total assets less current liabilities
  
39,881,698
39,891,258

Creditors: amounts falling due after more than one year
 6 
(247,843)
(247,843)

  

Net assets
  
39,633,855
39,643,415


Capital and reserves
  

Called up share capital 
 7 
39,659,272
39,659,272

Profit and loss account
  
(25,417)
(15,857)

Shareholders' funds
  
39,633,855
39,643,415


Page 1

 
RAPUNZEL NEWCO LIMITED
REGISTERED NUMBER:13184987
    
BALANCE SHEET (CONTINUED)
AS AT 28 FEBRUARY 2023

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 and delivered 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 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: 






T M Hope
Director

Date: 24 November 2023

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
RAPUNZEL NEWCO LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

1.


General information

Rapunzel NewCo Limited is a private company, limited by shares, domiciled and incorporated in England and Wales (registered number: 13184987). The registered office address is 80 Cheapside, London, EC2V 6EE.
The Company's functional and presentational currency is GBP.

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

Going concern

The financial statements have been prepared on a going concern basis.
The directors have made an assessment in preparing these financial statements as to whether the Company is a going concern and have concluded that there are no material uncertainties that may cast doubt on the Company's ability to continue as a going concern.

 
2.3

Interest income

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

 
2.4

Borrowing costs

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

 
2.5

Valuation of investments

Investments in associates are measured at cost less accumulated impairment.

Page 3

 
RAPUNZEL NEWCO LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

2.Accounting policies (continued)

 
2.6

Financial instruments

Financial assets and financial liabilities are recognised in the Balance Sheet when the Company becomes a party to the contractual provisions of the instrument.
Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the Company will not be able to collect all amounts due.
Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank, short-term bank deposits with an original maturity of three months or less and bank overdrafts which are an integral part of the Company’s cash management.
Financial liabilities and equity instruments issued by the Company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities. Equity instruments issued by the Company are recorded at the proceeds received, net of direct issue costs.

 
2.7

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.8

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the
shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).

Page 4

 
RAPUNZEL NEWCO LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

4.


Fixed asset investments





Investments in associates

£



Cost


At 1 March 2022
39,857,110



At 28 February 2023
39,857,110




During the prior year, the company acquired a shareholding of Virgin Wines Holding Company Limited of £39,857,622. Subsequently a share for share exchange took place for Rapunzel NewCo Limited to acquire the shares in Virgin Wines UK PLC for the same value. The company then redeemed preference shares at par value, which reduced the value of the investment by £512.


5.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
17,399
-

Accruals and deferred income
5,384
15,802

22,783
15,802



6.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Loan Notes
247,843
247,843


During the prior year the Loan Notes totalling £8,333,770 were issued and partially repaid.
Loan Notes are due to repaid on the day after the eighth anniversary of issuance. 
The Company can provide the Note holders not less than one business day to prepay the whole or part of the Loan Notes at any time after the issuance, provided such payment is made from the Company’s excess cash resources.

Page 5

 
RAPUNZEL NEWCO LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

7.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



3,965,927,243 Ordinary shares of £0.01 each
39,659,272
39,659,272
2 Ordinary A shares of £0.02 each
-
-

39,659,272

39,659,272


 
Page 6