Caseware UK (AP4) 2023.0.135 2023.0.135 2022-12-312022-12-312022-01-01falseNo description of principal activity21falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 03137818 2022-01-01 2022-12-31 03137818 2021-01-01 2021-12-31 03137818 2022-12-31 03137818 2021-12-31 03137818 c:Director1 2022-01-01 2022-12-31 03137818 d:CurrentFinancialInstruments 2022-12-31 03137818 d:CurrentFinancialInstruments 2021-12-31 03137818 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 03137818 d:CurrentFinancialInstruments d:WithinOneYear 2021-12-31 03137818 d:ShareCapital 2022-12-31 03137818 d:ShareCapital 2021-12-31 03137818 d:RetainedEarningsAccumulatedLosses 2022-12-31 03137818 d:RetainedEarningsAccumulatedLosses 2021-12-31 03137818 c:OrdinaryShareClass1 2022-01-01 2022-12-31 03137818 c:OrdinaryShareClass1 2022-12-31 03137818 c:OrdinaryShareClass1 2021-12-31 03137818 c:OrdinaryShareClass2 2022-01-01 2022-12-31 03137818 c:OrdinaryShareClass2 2022-12-31 03137818 c:OrdinaryShareClass2 2021-12-31 03137818 c:FRS102 2022-01-01 2022-12-31 03137818 c:Audited 2022-01-01 2022-12-31 03137818 c:FullAccounts 2022-01-01 2022-12-31 03137818 c:PrivateLimitedCompanyLtd 2022-01-01 2022-12-31 03137818 d:Subsidiary1 2022-01-01 2022-12-31 03137818 d:Subsidiary1 1 2022-01-01 2022-12-31 03137818 c:SmallCompaniesRegimeForAccounts 2022-01-01 2022-12-31 03137818 2 2022-01-01 2022-12-31 03137818 6 2022-01-01 2022-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 03137818










CORPORA WINERY AND TRADING U.K. LIMITED










FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2022

 
CORPORA WINERY AND TRADING U.K. LIMITED
REGISTERED NUMBER: 03137818

BALANCE SHEET
AS AT 31 DECEMBER 2022

2022
2021
Note
$
$

Fixed assets
  

Investments
 4 
1,191,096
1,134,010

  
1,191,096
1,134,010

Current assets
  

Debtors: amounts falling due within one year
 5 
24,138
17,248

Cash at bank and in hand
 6 
10,852
91

  
34,990
17,339

Creditors: amounts falling due within one year
 7 
(350,268)
(116,431)

Net current liabilities
  
 
 
(315,278)
 
 
(99,092)

  

Net assets
  
875,818
1,034,918


Capital and reserves
  

Called up share capital 
 8 
11,451,265
11,651,265

Profit and loss account
  
(10,575,447)
(10,616,347)

  
875,818
1,034,918


The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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 3 April 2024.

M A Ibanez Bulnes
Director

The notes on pages 2 to 7 form part of these financial statements.

Page 1

 
CORPORA WINERY AND TRADING U.K. LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

1.


General information

Corpora Winery and Trading U.K. Limited is a private company limited by shares and is registered and incorporated in England and Wales.  The registered office is 910 The Crescent, Colchester Business Park, Colchester, CO4 9YQ.
The Company's functional and presentational currency is US Dollars ($).

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 Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements have been prepared on a going concern basis based on the willingness of the Company's parent, Inversiones Internacionales Dos S.A., to provide the necessary financial support so that the Company has adequate resources to continue in operation for a period of at least twelve months from the date of approval of these financial statements.

 
2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is USD.

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'.

Page 2

 
CORPORA WINERY AND TRADING U.K. LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

2.Accounting policies (continued)

 
2.4

Interest income

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

 
2.5

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.

 
2.6

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Profit and loss account for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.8

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.

 
2.9

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.

 
2.10

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.

Page 3

 
CORPORA WINERY AND TRADING U.K. LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

3.


Employees

The average monthly number of employees, including the director, during the year was as follows:


        2022
        2021
            No.
            No.







Employees
2
1

Page 4

 
CORPORA WINERY AND TRADING U.K. LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

4.


Fixed asset investments





Investments in subsidiary companies

$



Cost or valuation


At 1 January 2022
1,134,010


Revaluations
57,086



At 31 December 2022
1,191,096




Page 5

 
CORPORA WINERY AND TRADING U.K. LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

Subsidiary undertaking


The following was a subsidiary undertaking of the Company:

Name

Registered office

Class of shares

Holding

Proexpo SIA
Karla Ulmana gatve 2 Zemgales priekspilseta, Riga, LV-1004, Latvia
Ordinary
100%

The aggregate of the share capital and reserves as at 31 December 2022 and the profit or loss for the year ended on that date for the subsidiary undertaking were as follows:

Name
Aggregate of share capital and reserves
Profit/(Loss)

Proexpo SIA
1,188,476
347,305


5.


Debtors

2022
2021
$
$


Amounts owed by group companies
24,135
17,245

Other debtors
3
3

24,138
17,248



6.


Cash and cash equivalents

2022
2021
$
$

Cash at bank and in hand
10,852
91



7.


Creditors: Amounts falling due within one year

2022
2021
$
$

Accruals and deferred income
350,268
116,431


Included in accruals is an amount of $350,268 (2021: $116,431) due to CWT to Explora Chile S.A.

Page 6

 
CORPORA WINERY AND TRADING U.K. LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

8.


Share capital

2022
2021
$
$
Allotted, called up and fully paid



11,451,262 (2021 - 11,651,262) Ordinary A shares of $1 each
11,451,262
11,651,262

Allotted, called up and partly paid



2 (2021 - 2) Ordinary B shares of £1 each
3
3


During the year the Company redeemed 200,000 Ordinary A shares of $1 each under a capital reduction procedure.


9.


Pension commitments


10.


Controlling party

The immediate parent company is Inversiones Internacionales Dos S.A., whose registered office is Avenida Bicentenario 3883, 8th Floor, Vitacura, Santiago, Chile.  The ultimate parent company is Corpora S.A, whose registered office is also Avenida Bicentenario 3883, 8th Floor, Vitacura, Santiago, Chile.  


11.


Auditor's information

The auditor's report on the financial statements for the year ended 31 December 2022 was unqualified.

The audit report was signed on 24 April 2024 by Mike Kay BSc FCA CF (Senior statutory auditor) on behalf of MHA.

 
Page 7