Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-31129The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2022-04-01falsetruetrue 12573940 2022-04-01 2023-03-31 12573940 2021-04-01 2022-03-31 12573940 2023-03-31 12573940 2022-03-31 12573940 2021-04-01 12573940 c:Director1 2022-04-01 2023-03-31 12573940 d:Buildings d:ShortLeaseholdAssets 2022-04-01 2023-03-31 12573940 d:Buildings d:ShortLeaseholdAssets 2023-03-31 12573940 d:Buildings d:ShortLeaseholdAssets 2022-03-31 12573940 d:FurnitureFittings 2022-04-01 2023-03-31 12573940 d:FurnitureFittings 2023-03-31 12573940 d:FurnitureFittings 2022-03-31 12573940 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 12573940 d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 12573940 d:CurrentFinancialInstruments 2023-03-31 12573940 d:CurrentFinancialInstruments 2022-03-31 12573940 d:Non-currentFinancialInstruments 2023-03-31 12573940 d:Non-currentFinancialInstruments 2022-03-31 12573940 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 12573940 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 12573940 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 12573940 d:Non-currentFinancialInstruments d:AfterOneYear 2022-03-31 12573940 d:ShareCapital 2022-04-01 2023-03-31 12573940 d:ShareCapital 2023-03-31 12573940 d:ShareCapital 2021-04-01 2022-03-31 12573940 d:ShareCapital 2022-03-31 12573940 d:ShareCapital 2021-04-01 12573940 d:SharePremium 2022-04-01 2023-03-31 12573940 d:SharePremium 2023-03-31 12573940 d:SharePremium 2021-04-01 2022-03-31 12573940 d:SharePremium 2022-03-31 12573940 d:SharePremium 2021-04-01 12573940 d:RetainedEarningsAccumulatedLosses 2022-04-01 2023-03-31 12573940 d:RetainedEarningsAccumulatedLosses 2023-03-31 12573940 d:RetainedEarningsAccumulatedLosses 2021-04-01 2022-03-31 12573940 d:RetainedEarningsAccumulatedLosses 2022-03-31 12573940 d:RetainedEarningsAccumulatedLosses 2021-04-01 12573940 c:OrdinaryShareClass1 2022-04-01 2023-03-31 12573940 c:OrdinaryShareClass1 2023-03-31 12573940 c:OrdinaryShareClass1 2022-03-31 12573940 c:FRS102 2022-04-01 2023-03-31 12573940 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 12573940 c:FullAccounts 2022-04-01 2023-03-31 12573940 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 12573940 d:WithinOneYear 2023-03-31 12573940 d:WithinOneYear 2022-03-31 12573940 d:BetweenOneFiveYears 2023-03-31 12573940 d:BetweenOneFiveYears 2022-03-31 12573940 d:HirePurchaseContracts d:WithinOneYear 2023-03-31 12573940 d:HirePurchaseContracts d:WithinOneYear 2022-03-31 12573940 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-03-31 12573940 d:HirePurchaseContracts d:BetweenOneFiveYears 2022-03-31 12573940 e:PoundSterling 2022-04-01 2023-03-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 12573940














LOCKDOWN LIQUOR LIMITED

 
UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

 
LOCKDOWN LIQUOR LIMITED
 

CONTENTS



Page
Balance sheet
1 - 2
Statement of changes in equity
3
Notes to the financial statements
4 - 9


 
LOCKDOWN LIQUOR LIMITED
REGISTERED NUMBER:12573940

BALANCE SHEET
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
96,729
118,828

  
96,729
118,828

Current assets
  

Stocks
  
246,696
151,321

Debtors: amounts falling due after more than one year
 6 
91,536
73,745

Debtors: amounts falling due within one year
 6 
245,365
215,400

Cash at bank and in hand
 7 
16,870
133,964

  
600,467
574,430

Creditors: amounts falling due within one year
 8 
(972,936)
(635,331)

Net current liabilities
  
 
 
(372,469)
 
 
(60,901)

Total assets less current liabilities
  
(275,740)
57,927

Creditors: amounts falling due after more than one year
 9 
(4,219)
(11,452)

  

Net (liabilities)/assets
  
(279,959)
46,475


Capital and reserves
  

Called up share capital 
 11 
114
112

Share premium account
  
899,986
599,988

Profit and loss account
  
(1,180,059)
(553,625)

  
(279,959)
46,475


1

 
LOCKDOWN LIQUOR LIMITED
REGISTERED NUMBER:12573940
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 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 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 20 December 2023.




Jack Durling
Director

The notes on pages 4 to 9 form part of these financial statements.

2

 
LOCKDOWN LIQUOR LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2023


Called up share capital
Share premium account
Profit and loss account
Total equity

£
£
£
£


At 1 April 2021
112
349,990
4,884
354,986



Loss for the year
-
-
(558,509)
(558,509)

Shares issued during the year
-
249,998
-
249,998



At 1 April 2022
112
599,988
(553,625)
46,475



Loss for the year
-
-
(626,434)
(626,434)

Shares issued during the year
2
299,998
-
300,000


At 31 March 2023
114
899,986
(1,180,059)
(279,959)


The notes on pages 4 to 9 form part of these financial statements.

3

 
LOCKDOWN LIQUOR LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

Lockdown Liquor Limited is a private company, limited by shares, registered in England and Wales, registration number 12573940
The address of the registered office is 91 Peterborough Road, London, SW6 3BU.
The trading adress is Unit 18, Zennor Trade Park, Balham, London, SW12 0PS.
 
The principal activity is that of the distribution of alcoholic beverages.


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 ultimate shareholders have considered the implications of a net deficit in the balance sheet. The ultimate shareholders have agreed to provide financial support to the company to satisfy its financial obligations for at least 12 months from the date of signature of the financial statements, which have been prepared on the going concern basis.

 
2.3

Foreign currency translation

Functional and presentation currency

The company's functional and presentational currency is pound sterling.

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 profit and loss account within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

 
2.4

Revenue

Turnover comprises revenue recognised by the company in respect of the sale of alcoholic beverages supplied during the year, exclusive of Value Added Tax and trade discounts.

4

 
LOCKDOWN LIQUOR LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.5

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.

 
2.6

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 balance sheet. 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.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Short-term leasehold property
-
33%
straight line
Fixtures and fittings
-
25%
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

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment.

5

 
LOCKDOWN LIQUOR LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.10

 Cash

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

 
2.11

 Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities 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 only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.


3.


Employees

The average monthly number of employees, including directors, during the year was 12 (2022 - 9).


4.


Tangible fixed assets





Short-term leasehold property
Fixtures and fittings
Total

£
£
£



Cost 


At 1 April 2022
28,886
122,159
151,045


Additions
-
17,232
17,232



At 31 March 2023

28,886
139,391
168,277



Depreciation


At 1 April 2022
6,949
25,268
32,217


Charge for the year on owned assets
9,629
29,702
39,331



At 31 March 2023

16,578
54,970
71,548



Net book value



At 31 March 2023
12,308
84,421
96,729



At 31 March 2022
21,937
96,891
118,828

6

 
LOCKDOWN LIQUOR LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

5.


Stocks

2023
2022
£
£

Raw materials
155,953
104,687

Finished goods
90,743
46,634

246,696
151,321



6.


Debtors

2023
2022
£
£

Due after more than one year

Other debtors
91,536
73,745

91,536
73,745


2023
2022
£
£

Due within one year

Trade debtors
143,342
86,023

Other debtors
6,479
8,530

Prepayments and accrued income
95,544
120,847

245,365
215,400



7.


Cash

2023
2022
£
£

Cash at bank and in hand
16,870
133,964

16,870
133,964


7

 
LOCKDOWN LIQUOR LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
209,402
150,766

Other taxation and social security
42,287
18,443

Obligations under finance lease and hire purchase contracts
7,234
7,234

Other creditors
665,920
412,173

Accruals and deferred income
48,093
46,715

972,936
635,331



9.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Net obligations under finance leases and hire purchase contracts
4,219
11,452

4,219
11,452



10.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2023
2022
£
£


Within one year
7,234
7,234

Between 1-5 years
4,218
11,452

11,452
18,686


11.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



1,139,471 (2022 - 1,115,600) Ordinary shares of £-0.0001 each
113.95
111.56


On 19 December 2022, the company issued 23,904 Ordinary shares at £0.0001 each.

8

 
LOCKDOWN LIQUOR LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

12.


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 £9,580 (2022 - £8,009). Contributions totalling £725 (2022 -  £1,809)  were payable to the fund at the balance sheet date and are included in creditors.


13.


Commitments under operating leases

At 31 March 2023 the company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2023
2022
£
£


Not later than 1 year
203,784
144,480

Later than 1 year and not later than 5 years
381,688
407,560

585,472
552,040


14.


Related party transactions

Included within other creditors as at the balance sheet date, is a loan due to the directors of  £258,870 (2022 - £143,870). This is an interest free loan and is repayable on demand.
Included within other creditors as at the balance sheet date, is a loan balance of £229,901 (2022 - £189,453) due to Total Management UK Limited, a company in which the directors have a beneficial interest.
During the year the company paid management charges to Total Management UK Limited amounting to £17,500 (2022 - £60,000).

 
9