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REGISTERED NUMBER: 07953412 (England and Wales)















Unaudited Financial Statements for the Year Ended 28 February 2023

for

Holmfirth Vineyard Ltd

Holmfirth Vineyard Ltd (Registered number: 07953412)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Holmfirth Vineyard Ltd

Company Information
for the Year Ended 28 February 2023







DIRECTORS: Mr. I J Sheveling
Mrs. R E Sheveling





REGISTERED OFFICE: Holmfirth Vineyard
Woodhouse Lane
Holmbridge
Holmfirth
West Yorkshire
HD9 2QR





REGISTERED NUMBER: 07953412 (England and Wales)





ACCOUNTANTS: Crowther Chartered Accountants
Abacus House
Pennine Business Park
Longbow Close
Huddersfield
West Yorkshire
HD2 1GQ

Holmfirth Vineyard Ltd (Registered number: 07953412)

Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £ £ £ £
FIXED ASSETS
Intangible assets 4 1,180 1,475
Tangible assets 5 867,659 703,672
868,839 705,147

CURRENT ASSETS
Stocks 6 42,250 32,250
Debtors 7 294,937 205,767
Cash at bank 15,447 168,758
352,634 406,775
CREDITORS
Amounts falling due within one year 8 687,612 616,340
NET CURRENT LIABILITIES (334,978 ) (209,565 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

533,861

495,582

CREDITORS
Amounts falling due after more than one
year

9

(135,557

)

(161,458

)

PROVISIONS FOR LIABILITIES (40,858 ) (24,695 )
NET ASSETS 357,446 309,429

CAPITAL AND RESERVES
Called up share capital 100,002 100,002
Retained earnings 12 257,444 209,427
SHAREHOLDERS' FUNDS 357,446 309,429

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

Holmfirth Vineyard Ltd (Registered number: 07953412)

Balance Sheet - continued
28 February 2023


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 1 February 2024 and were signed on its behalf by:




Mr. I J Sheveling - Director



Mrs. R E Sheveling - Director


Holmfirth Vineyard Ltd (Registered number: 07953412)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

Holmfirth Vineyard Ltd 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.

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.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Website development is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Vineyard - 2% on reducing balance
Short leasehold - 2% on cost
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 20% on cost
Computer equipment - 33% 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.


Holmfirth Vineyard Ltd (Registered number: 07953412)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

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

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 34 (2022 - 32 ) .

4. INTANGIBLE FIXED ASSETS
Website
Goodwill development Totals
£ £ £
COST
At 1 March 2022
and 28 February 2023 35,000 2,950 37,950
AMORTISATION
At 1 March 2022 35,000 1,475 36,475
Amortisation for year - 295 295
At 28 February 2023 35,000 1,770 36,770
NET BOOK VALUE
At 28 February 2023 - 1,180 1,180
At 28 February 2022 - 1,475 1,475

Holmfirth Vineyard Ltd (Registered number: 07953412)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

5. TANGIBLE FIXED ASSETS
Short Plant and
Vineyard leasehold machinery
£ £ £
COST
At 1 March 2022 122,249 473,721 101,516
Additions - 45,735 53,137
At 28 February 2023 122,249 519,456 154,653
DEPRECIATION
At 1 March 2022 12,680 60,583 42,464
Charge for year 2,191 10,080 9,060
At 28 February 2023 14,871 70,663 51,524
NET BOOK VALUE
At 28 February 2023 107,378 448,793 103,129
At 28 February 2022 109,569 413,138 59,052

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£ £ £ £
COST
At 1 March 2022 183,260 95,046 16,848 992,640
Additions 45,459 91,039 891 236,261
At 28 February 2023 228,719 186,085 17,739 1,228,901
DEPRECIATION
At 1 March 2022 135,302 24,504 13,435 288,968
Charge for year 22,389 26,848 1,706 72,274
At 28 February 2023 157,691 51,352 15,141 361,242
NET BOOK VALUE
At 28 February 2023 71,028 134,733 2,598 867,659
At 28 February 2022 47,958 70,542 3,413 703,672

6. STOCKS
28.2.23 28.2.22
£ £
Stocks 42,250 32,250

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£ £
Trade debtors 13,000 13,000
Other debtors 274,592 186,632
Prepayments 7,345 6,135
294,937 205,767

Holmfirth Vineyard Ltd (Registered number: 07953412)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£ £
Bank loans and overdrafts (see note 10) 62,500 267,500
Hire purchase contracts 8,003 -
Trade creditors 54,851 35,939
Tax 3,612 38,698
Social security and other tax 16,898 7,309
VAT 138,940 114,102
Other creditors 181,882 125,144
Pension fund 1,116 1,226
Directors' loan accounts 219,810 26,422
687,612 616,340

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28.2.23 28.2.22
£ £
Bank loans (see note 10) 98,958 161,458
Hire purchase contracts 36,599 -
135,557 161,458

10. LOANS

An analysis of the maturity of loans is given below:

28.2.23 28.2.22
£ £
Amounts falling due within one year or on demand:
Bank loans 62,500 267,500

Amounts falling due between one and two years:
Bank loans - 1-2 years 98,958 161,458

11. SECURED DEBTS

The following secured debts are included within creditors:

28.2.23 28.2.22
£ £
Bank loans 161,458 428,958
Hire purchase contracts 44,602 -
206,060 428,958

Holmfirth Vineyard Ltd (Registered number: 07953412)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

12. RESERVES
Retained
earnings
£

At 1 March 2022 209,427
Profit for the year 123,017
Dividends (75,000 )
At 28 February 2023 257,444

13. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included within creditors: amounts falling due within one year is £219,810 (2022 - £26,422) of a loan from the director. The loan is interest free and repayable on demand.

14. ULTIMATE CONTROLLING PARTY

The controlling party is Mr. I J Sheveling.