95 31/07/2023 2023-07-31 false false false false false false false false false false true false false true false false false false false true false No description of principal activities is disclosed 2022-08-01 Sage Accounts Production 21.0 - FRS102_2021 xbrli:pure xbrli:shares iso4217:GBP 04381689 2022-08-01 2023-07-31 04381689 2023-07-31 04381689 2022-07-31 04381689 2021-08-01 2022-07-31 04381689 2022-07-31 04381689 2021-07-31 04381689 core:FurnitureFittingsToolsEquipment 2022-08-01 2023-07-31 04381689 bus:RegisteredOffice 2022-08-01 2023-07-31 04381689 bus:OrdinaryShareClass1 2022-08-01 2023-07-31 04381689 bus:OrdinaryShareClass2 2022-08-01 2023-07-31 04381689 bus:OrdinaryShareClass3 2022-08-01 2023-07-31 04381689 bus:OrdinaryShareClass4 2022-08-01 2023-07-31 04381689 bus:LeadAgentIfApplicable 2022-08-01 2023-07-31 04381689 bus:Director1 2022-08-01 2023-07-31 04381689 bus:CompanySecretary1 2022-08-01 2023-07-31 04381689 core:NetGoodwill 2023-07-31 04381689 core:LandBuildings core:ShortLeaseholdAssets 2022-07-31 04381689 core:FurnitureFittingsToolsEquipment 2022-07-31 04381689 core:LandBuildings core:ShortLeaseholdAssets 2023-07-31 04381689 core:FurnitureFittingsToolsEquipment 2023-07-31 04381689 core:WithinOneYear 2023-07-31 04381689 core:WithinOneYear 2022-07-31 04381689 core:AfterOneYear 2023-07-31 04381689 core:AfterOneYear 2022-07-31 04381689 core:ShareCapital 2021-08-01 2022-07-31 04381689 core:CapitalRedemptionReserve 2021-08-01 2022-07-31 04381689 core:RetainedEarningsAccumulatedLosses 2021-08-01 2022-07-31 04381689 core:RetainedEarningsAccumulatedLosses 2022-08-01 2023-07-31 04381689 core:ShareCapital 2023-07-31 04381689 core:ShareCapital 2022-07-31 04381689 core:SharePremium 2023-07-31 04381689 core:SharePremium 2022-07-31 04381689 core:CapitalRedemptionReserve 2023-07-31 04381689 core:CapitalRedemptionReserve 2022-07-31 04381689 core:RetainedEarningsAccumulatedLosses 2023-07-31 04381689 core:RetainedEarningsAccumulatedLosses 2022-07-31 04381689 core:ShareCapital 2021-07-31 04381689 core:SharePremium 2021-07-31 04381689 core:RetainedEarningsAccumulatedLosses 2021-07-31 04381689 bus:OrdinaryShareClass1 core:ShareCapital 2023-07-31 04381689 bus:OrdinaryShareClass1 core:ShareCapital 2022-07-31 04381689 bus:OrdinaryShareClass2 core:ShareCapital 2023-07-31 04381689 bus:OrdinaryShareClass2 core:ShareCapital 2022-07-31 04381689 bus:OrdinaryShareClass3 core:ShareCapital 2023-07-31 04381689 bus:OrdinaryShareClass3 core:ShareCapital 2022-07-31 04381689 bus:OrdinaryShareClass4 core:ShareCapital 2023-07-31 04381689 bus:OrdinaryShareClass4 core:ShareCapital 2022-07-31 04381689 bus:OrdinaryShareClass3 2023-07-31 04381689 bus:OrdinaryShareClass3 2022-07-31 04381689 bus:OrdinaryShareClass4 2023-07-31 04381689 bus:OrdinaryShareClass4 2022-07-31 04381689 core:MoreThanFiveYears 2023-07-31 04381689 core:LandBuildings core:ShortLeaseholdAssets 2022-08-01 2023-07-31 04381689 core:NetGoodwill 2022-07-31 04381689 core:FurnitureFittingsToolsEquipment 2022-07-31 04381689 bus:Director1 2023-07-31 04381689 bus:SmallEntities 2022-08-01 2023-07-31 04381689 bus:AuditExemptWithAccountantsReport 2022-08-01 2023-07-31 04381689 bus:FullAccounts 2022-08-01 2023-07-31 04381689 bus:SmallCompaniesRegimeForAccounts 2022-08-01 2023-07-31 04381689 bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 04381689 bus:OrdinaryShareClass1 2023-07-31 04381689 bus:OrdinaryShareClass1 2022-07-31 04381689 bus:OrdinaryShareClass2 2023-07-31 04381689 bus:OrdinaryShareClass2 2022-07-31
Company registration number: 04381689
The Vintner (Stratford Upon Avon) Limited
Unaudited filleted financial statements
for the year ended
31 July 2023
Prepared by:
THOMAS NOCK MARTIN LIMITED
CHARTERED ACCOUNTANTS
BRIERLEY HILL
The Vintner (Stratford Upon Avon) Limited
Contents
Directors and other information
Accountants report
Statement of financial position
Statement of changes in equity
Notes to the Financial statements
The Vintner (Stratford Upon Avon) Limited
Directors and other information
Director Marcos Torres-Siddens
Secretary Marcos Torres-Siddens
Company number 04381689
Registered office 5 Hagley Court South
The Waterfront
Brierley Hill
West Midlands
DY5 1XE
Business address 5 Sheep Street
Stratford upon Avon
Warwickshire
CV37 6EF
Accountants Thomas Nock Martin Limited
5 Hagley Court South
The Waterfront
Brierley Hill
West Midlands
DY5 1XE
The Vintner (Stratford Upon Avon) Limited
Chartered accountants report to the director on the preparation of the
unaudited statutory Financial statements of The Vintner (Stratford Upon Avon) Limited
Year ended 31 July 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the Financial statements of The Vintner (Stratford Upon Avon) Limited for the year ended 31 July 2023 which comprise the statement of financial position, statement of changes in equity and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com /en/members/regulations-standards-and-guidance/.
This report is made solely to the director of The Vintner (Stratford Upon Avon) Limited, as a body, in accordance with the terms of our engagement letter dated 10 April 2018. Our work has been undertaken solely to prepare for your approval the Financial statements of The Vintner (Stratford Upon Avon) Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The Vintner (Stratford Upon Avon) Limited and its director as a body for our work or for this report.
It is your duty to ensure that The Vintner (Stratford Upon Avon) Limited has kept adequate accounting records and to prepare statutory Financial statements that give a true and fair view of the assets, liabilities, financial position and profit of The Vintner (Stratford Upon Avon) Limited. You consider that The Vintner (Stratford Upon Avon) Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the Financial statements of The Vintner (Stratford Upon Avon) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory Financial statements.
Thomas Nock Martin Limited
Chartered Accountants
5 Hagley Court South
The Waterfront
Brierley Hill
West Midlands
DY5 1XE
10 April 2024
The Vintner (Stratford Upon Avon) Limited
Statement of financial position
31 July 2023
2023 2022
Note £ £ £ £
Fixed assets
Intangible assets 5 - -
Tangible assets 6 27,290 35,197
_______ _______
27,290 35,197
Current assets
Stocks 13,031 10,749
Debtors 7 394,757 175,824
Cash at bank and in hand 22,931 157,594
_______ _______
430,719 344,167
Creditors: amounts falling due
within one year 8 ( 231,798) ( 245,207)
_______ _______
Net current assets 198,921 98,960
_______ _______
Total assets less current liabilities 226,211 134,157
Creditors: amounts falling due
after more than one year 9 ( 18,333) ( 28,333)
Provisions for liabilities ( 4,300) ( 6,000)
_______ _______
Net assets 203,578 99,824
_______ _______
Capital and reserves
Called up share capital 10 52 52
Share premium account 19,574 19,574
Capital redemption reserve 75 75
Profit and loss account 183,877 80,123
_______ _______
Shareholders funds 203,578 99,824
_______ _______
For the year ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its Financial statements for the year in question in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of Financial statements.
These Financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the Statement of income and retained earnings has not been delivered.
These Financial statements were approved by the board of directors and authorised for issue on 10 April 2024 , and are signed on behalf of the board by:
Marcos Torres-Siddens
Director
Company registration number: 04381689
The Vintner (Stratford Upon Avon) Limited
Statement of changes in equity
Year ended 31 July 2023
Called up share capital Share premium account Capital redemption reserve Profit and loss account Total
£ £ £ £ £
At 1 August 2021 127 19,574 - 329,082 348,783
Profit for the year - - - 165,041 165,041
_______ _______ _______ _______ _______
Total comprehensive income for the year - - - 165,041 165,041
Purchase of own shares ( 75) - 75 ( 414,000) ( 414,000)
_______ _______ _______ _______ _______
Total investments by and distributions to owners ( 75) - 75 ( 414,000) ( 414,000)
_______ _______ _______ _______ _______
At 31 July 2022 and 1 August 2022 52 19,574 75 80,123 99,824
Profit for the year - - - 103,754 103,754
_______ _______ _______ _______ _______
Total comprehensive income for the year - - - 103,754 103,754
_______ _______ _______ _______ _______
At 31 July 2023 52 19,574 75 183,877 203,578
_______ _______ _______ _______ _______
The Vintner (Stratford Upon Avon) Limited
Notes to the financial statements
Year ended 31 July 2023
1. General information
The company is a private company limited by shares, registered in England & Wales. The address of the registered office is 5 Hagley Court South, The Waterfront, Brierley Hill, West Midlands, DY5 1XE.
2. Statement of compliance
These Financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The Financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The Financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover represents takings during the year excluding value added tax.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill - 15 years straight line
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Short leasehold property - Straight line over the life of the lease
Fittings fixtures and equipment - 15 % straight line
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal ateach reporting date.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.
Government grants
Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received.
Government grants are recognised using the accrual model and the performance model.
Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in thestatement of financial position and the amount of the provision as an expense.
Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade creditors, other debtors and creditors.Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and the best estimate, which is an approximation, of the set if it were to be sold at the reporting date.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 95 (2022: 82 ).
5. Intangible assets
Goodwill Total
£ £
Cost
At 1 August 2022 and 31 July 2023 349,999 349,999
_______ _______
Amortisation
At 1 August 2022 and 31 July 2023 349,999 349,999
_______ _______
Carrying amount
At 31 July 2023 - -
_______ _______
At 31 July 2022 - -
_______ _______
6. Tangible assets
Short leasehold property Fixtures, fittings and equipment Total
£ £ £
Cost
At 1 August 2022 19,564 367,082 386,646
Additions - 1,619 1,619
_______ _______ _______
At 31 July 2023 19,564 368,701 388,265
_______ _______ _______
Depreciation
At 1 August 2022 19,564 331,885 351,449
Charge for the year - 9,526 9,526
_______ _______ _______
At 31 July 2023 19,564 341,411 360,975
_______ _______ _______
Carrying amount
At 31 July 2023 - 27,290 27,290
_______ _______ _______
At 31 July 2022 - 35,197 35,197
_______ _______ _______
7. Debtors
2023 2022
£ £
Other debtors 394,757 175,824
_______ _______
8. Creditors: amounts falling due within one year
2023 2022
£ £
Bank loan 10,000 10,000
Trade creditors 57,625 52,257
Corporation tax 29,100 37,950
Social security and other taxes 98,181 98,698
Other creditors 36,892 46,302
_______ _______
231,798 245,207
_______ _______
9. Creditors: amounts falling due after more than one year
2023 2022
£ £
Bank loan 18,333 28,333
_______ _______
10. Called up share capital
Issued and called up
2023 2022
No £ No £
Ordinary A shares of £ 0.10 each 150 15.00 150 15.00
Ordinary B shares of £ 0.10 each 220 22.00 220 22.00
Ordinary C shares of £ 0.10 each 75 7.50 75 7.50
Ordinary D shares of £ 0.10 each 75 7.50 75 7.50
_______ _______ _______ _______
520 52.00 520 52.00
_______ _______ _______ _______
Issued and fully paid
2023 2022
No £ No £
Ordinary C shares of £ 0.10 each 75 7.50 75 7.50
Ordinary D shares of £ 0.10 each 75 7.50 75 7.50
_______ _______ _______ _______
150 15.00 150 15.00
_______ _______ _______ _______
Issued and unpaid
2023 2022
No £ No £
Ordinary A shares of £ 0.10 each - £ - paid 150 - 150 -
Ordinary B shares of £ 0.10 each - £ - paid 220 - 220 -
_______ _______ _______ _______
370 - 370 -
_______ _______ _______ _______
11. Operating leases
The company as lessee
The total future minimum lease payments under non-cancellable operating leases are as follows:
£ £
Later than 5 years 60,000 -
_______ _______
12. Directors advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
2023
Balance brought forward Advances to the director Balance carried forward
£ £ £
Marcos Torres-Siddens - 80,000 80,000
_______ _______ _______