Caseware UK (AP4) 2022.0.179 2022.0.179 2022-12-312022-12-31true2022-01-01trueHolding company22true 07606887 2022-01-01 2022-12-31 07606887 2021-01-01 2021-12-31 07606887 2022-12-31 07606887 2021-12-31 07606887 c:Director1 2022-01-01 2022-12-31 07606887 d:CurrentFinancialInstruments 2022-12-31 07606887 d:CurrentFinancialInstruments 2021-12-31 07606887 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 07606887 d:CurrentFinancialInstruments d:WithinOneYear 2021-12-31 07606887 d:ShareCapital 2022-12-31 07606887 d:ShareCapital 2021-12-31 07606887 d:SharePremium 2022-12-31 07606887 d:SharePremium 2021-12-31 07606887 d:RetainedEarningsAccumulatedLosses 2022-12-31 07606887 d:RetainedEarningsAccumulatedLosses 2021-12-31 07606887 c:EntityHasNeverTraded 2022-01-01 2022-12-31 07606887 c:FRS102 2022-01-01 2022-12-31 07606887 c:AuditExempt-NoAccountantsReport 2022-01-01 2022-12-31 07606887 c:FullAccounts 2022-01-01 2022-12-31 07606887 c:PrivateLimitedCompanyLtd 2022-01-01 2022-12-31 07606887 6 2022-01-01 2022-12-31 iso4217:GBP xbrli:pure

Registered number: 07606887










WINE DEVELOPMENT LTD








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 DECEMBER 2022

 
WINE DEVELOPMENT LTD
REGISTERED NUMBER: 07606887

BALANCE SHEET
AS AT 31 DECEMBER 2022

2022
2021
Note
£
£

Fixed assets
  

Investments
 3 
1,104,299
1,104,299

  
1,104,299
1,104,299

Current assets
  

Cash at bank and in hand
 4 
2,659
2,659

  
2,659
2,659

Creditors: amounts falling due within one year
 5 
(4,990)
(4,990)

Net current liabilities
  
 
 
(2,331)
 
 
(2,331)

Total assets less current liabilities
  
1,101,968
1,101,968

  

Net assets
  
1,101,968
1,101,968


Capital and reserves
  

Called up share capital 
  
795,840
795,840

Share premium account
  
304,945
304,945

Profit and loss account
  
1,183
1,183

  
1,101,968
1,101,968


Page 1

 
WINE DEVELOPMENT LTD
REGISTERED NUMBER: 07606887
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2022

For the period ended 31 December 2022 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 period 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 profit and loss account 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 22 December 2023.




................................................
P R Hammond
Director

Page 2

 
WINE DEVELOPMENT LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2022

1.


General information

Wine Developments Limited is a private company limited by shares and incorporated in England & Wales with the registration number 07606887. The address of its registered office is 14th Floor, Cavendish Square, London, W1G 0PW.

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.

 
2.2

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.3

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.

 
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.

 
2.5

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 Balance sheet when the Company becomes party to the contractual provisions of the instrument.

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
Page 3

 
WINE DEVELOPMENT LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2022

2.Accounting policies (continued)


2.5
Financial instruments (continued)

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.

Derecognition of financial instruments

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.


3.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 January 2022
1,104,299



At 31 December 2022
1,104,299




Page 4

 
WINE DEVELOPMENT LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2022

4.


Cash and cash equivalents

2022
2021
£
£

Cash at bank and in hand
2,659
2,659

2,659
2,659



5.


Creditors: Amounts falling due within one year

2022
2021
£
£

Corporation tax
139
139

Accruals and deferred income
4,851
4,851

4,990
4,990


Page 5