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REGISTERED NUMBER: 09749378 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 JUNE 2023

FOR

THE EAST INDIA COMPANY GIN LIMITED

THE EAST INDIA COMPANY GIN LIMITED (REGISTERED NUMBER: 09749378)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 JUNE 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


THE EAST INDIA COMPANY GIN LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29 JUNE 2023







DIRECTORS: S M Mehta
A Banerjee





REGISTERED OFFICE: 97 New Bond Street
Ground Floor
London
W1S 1SL





REGISTERED NUMBER: 09749378 (England and Wales)





ACCOUNTANTS: Macalvins Limited
Chartered Accountants
7 St John's Road
Harrow
Middlesex
HA1 2EY

THE EAST INDIA COMPANY GIN LIMITED (REGISTERED NUMBER: 09749378)

BALANCE SHEET
29 JUNE 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Stocks 65,279 59,072
Debtors 6 40,663 507
Cash at bank 3,567 4,492
109,509 64,071
CREDITORS
Amounts falling due within one year 7 6,723 54,092
NET CURRENT ASSETS 102,786 9,979
TOTAL ASSETS LESS CURRENT LIABILITIES 102,786 9,979

CREDITORS
Amounts falling due after more than one year 8 937,659 837,647
NET LIABILITIES (834,873 ) (827,668 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (834,874 ) (827,669 )
SHAREHOLDERS' FUNDS (834,873 ) (827,668 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 June 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The 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.

The financial statements were approved by the Board of Directors and authorised for issue on 2 April 2024 and were signed on its behalf by:





S M Mehta - Director


THE EAST INDIA COMPANY GIN LIMITED (REGISTERED NUMBER: 09749378)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 JUNE 2023

1. STATUTORY INFORMATION

The East India Company Gin Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Going concern
The financial statements have been prepared on a going concern basis notwithstanding the company's net current liabilities position as at the year end. The connected companies have provided with an undertaking that they will continue to support financially for the foreseeable future and that they will not seek repayment of the amounts currently owing to them in the twelve months from the date of signing the financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue is recognised as earned when and to the extent that the company obtains the right to consideration in exchange for its performance.

Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Website Development Costs - 33.33% straight line

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 3 ) .

THE EAST INDIA COMPANY GIN LIMITED (REGISTERED NUMBER: 09749378)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 JUNE 2023

4. INTANGIBLE FIXED ASSETS
Website
development
costs
£   
COST
At 30 June 2022
and 29 June 2023 4,500
AMORTISATION
At 30 June 2022
and 29 June 2023 4,500
NET BOOK VALUE
At 29 June 2023 -
At 29 June 2022 -

5. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 30 June 2022
and 29 June 2023 2,008
DEPRECIATION
At 30 June 2022
and 29 June 2023 2,008
NET BOOK VALUE
At 29 June 2023 -
At 29 June 2022 -

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 120
Other debtors 40,000 -
VAT 663 387
40,663 507

THE EAST INDIA COMPANY GIN LIMITED (REGISTERED NUMBER: 09749378)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 JUNE 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 2,682 2,468
Other creditors 2,000 -
Director's current account - 50,012
Accrued expenses 2,041 1,612
6,723 54,092

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Amounts owed to group undertakings 832,484 732,472
Other creditors 105,175 105,175
937,659 837,647

9. RELATED PARTY DISCLOSURES

Included within the other creditors as at yearend is £105,175 (2022: £105,175), an amount owed to Amigo International Trading Limited, a company where Mr Saniv Mehta is also the director.

Included within the other creditors as at yearend is £912,017 (2022: £732,472), an amount owed to The East India Company Spirits Private Limited, a company registered in Singapore where Mr Abhijit Banerjee is also the director.

The above amounts owed are unsecured and there are no specific terms to the repayment of this amount.

Included within the other creditors as at yearend is £Nil (2022: £50,012), an amount owed to directors of the company.