Silverfin false 31/03/2023 01/04/2022 31/03/2023 D Gerber 20/09/2000 G Gerber 02/02/2012 J Gerber 19/10/2008 05 February 2024 The principal activity of the Company during the financial year was that of property investment. SC027031 2023-03-31 SC027031 bus:Director1 2023-03-31 SC027031 bus:Director2 2023-03-31 SC027031 bus:Director3 2023-03-31 SC027031 2022-03-31 SC027031 core:CurrentFinancialInstruments 2023-03-31 SC027031 core:CurrentFinancialInstruments 2022-03-31 SC027031 core:Non-currentFinancialInstruments 2023-03-31 SC027031 core:Non-currentFinancialInstruments 2022-03-31 SC027031 core:ShareCapital 2023-03-31 SC027031 core:ShareCapital 2022-03-31 SC027031 core:RevaluationReserve 2023-03-31 SC027031 core:RevaluationReserve 2022-03-31 SC027031 core:RetainedEarningsAccumulatedLosses 2023-03-31 SC027031 core:RetainedEarningsAccumulatedLosses 2022-03-31 SC027031 core:UnlistedNon-exchangeTraded core:WithinOneYear 2023-03-31 SC027031 core:UnlistedNon-exchangeTraded core:WithinOneYear 2022-03-31 SC027031 2021-03-31 SC027031 bus:OrdinaryShareClass1 2023-03-31 SC027031 2022-04-01 2023-03-31 SC027031 bus:FullAccounts 2022-04-01 2023-03-31 SC027031 bus:SmallEntities 2022-04-01 2023-03-31 SC027031 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 SC027031 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 SC027031 bus:Director1 2022-04-01 2023-03-31 SC027031 bus:Director2 2022-04-01 2023-03-31 SC027031 bus:Director3 2022-04-01 2023-03-31 SC027031 2021-04-01 2022-03-31 SC027031 core:Non-currentFinancialInstruments 2022-04-01 2023-03-31 SC027031 bus:OrdinaryShareClass1 2022-04-01 2023-03-31 SC027031 bus:OrdinaryShareClass1 2021-04-01 2022-03-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: SC027031 (Scotland)

ANDERSON'S WINES LIMITED

Unaudited Financial Statements
For the financial year ended 31 March 2023
Pages for filing with the registrar

ANDERSON'S WINES LIMITED

Unaudited Financial Statements

For the financial year ended 31 March 2023

Contents

ANDERSON'S WINES LIMITED

STATEMENT OF FINANCIAL POSITION

As at 31 March 2023
ANDERSON'S WINES LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 March 2023
Note 2023 2022
£ £
Fixed assets
Investment property 3 250,000 250,000
250,000 250,000
Current assets
Debtors 4 530 0
Investments 5 1,240 1,240
Cash at bank and in hand 92,033 49,867
93,803 51,107
Creditors: amounts falling due within one year 6 ( 37,598) ( 24,841)
Net current assets 56,205 26,266
Total assets less current liabilities 306,205 276,266
Creditors: amounts falling due after more than one year 7 ( 73,621) ( 60,941)
Net assets 232,584 215,325
Capital and reserves
Called-up share capital 9 100 100
Revaluation reserve 182,822 182,822
Profit and loss account 49,662 32,403
Total shareholders' funds 232,584 215,325

For the financial year ending 31 March 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Anderson's Wines Limited (registered number: SC027031) were approved and authorised for issue by the Director. They were signed on its behalf by:

J Gerber
Director

05 February 2024

ANDERSON'S WINES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2023
ANDERSON'S WINES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Anderson's Wines Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in Scotland. The address of the Company's registered office is George House, 36 North Hanover Street, Glasgow, G1 2AD, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover comprises revenue recognised by the company in respect of rents and management charges on an accruals basis

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Financial instruments

The Company only enters into basic financial instruments and transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors and loans to and from related parties.

Financial assets
Basic financial assets, including trade and other debtors, are initially recognised at transaction price, 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.

Such assets are subsequently carried at amortised cost using the effective interest method.

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in the Statement of Comprehensive Income.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

Financial liabilities
Basic financial liabilities, including trade and other creditors and accruals, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 3 3

3. Investment property

Investment property
£
Valuation
As at 01 April 2022 250,000
As at 31 March 2023 250,000

4. Debtors

2023 2022
£ £
Other debtors 530 0

5. Current asset investments

2023 2022
£ £
Other investments – at cost less impairment 1,240 1,240

6. Creditors: amounts falling due within one year

2023 2022
£ £
Trade creditors 3,168 2,520
Taxation and social security 8,145 8,227
Other creditors 26,285 14,094
37,598 24,841

7. Creditors: amounts falling due after more than one year

2023 2022
£ £
Other creditors 73,621 60,941

There are no amounts included above in respect of which any security has been given by the small entity.

8. Deferred tax

2023 2022
£ £
At the beginning of financial year ( 60,941) ( 60,941)
At the end of financial year ( 60,941) ( 60,941)

9. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100 100