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REGISTERED NUMBER: 12007452 (England and Wales)















Organic Grape Spirit Ltd

Unaudited Financial Statements for the Year Ended 31 May 2023






Organic Grape Spirit Ltd (Registered number: 12007452)






Contents of the Financial Statements
for the Year Ended 31 May 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Organic Grape Spirit Ltd

Company Information
for the Year Ended 31 May 2023







DIRECTORS: F Gulino Camarero
L Wang





SECRETARY: L Wang





REGISTERED OFFICE: 31-37 Westbrook Park
Arrowhead Road
Ashford
Kent
TN24 0FL





REGISTERED NUMBER: 12007452 (England and Wales)





ACCOUNTANTS: Aggarwal & Co Limited
Chartered Accountants
5 London Road
Rainham
Gillingham
Kent
ME8 7RG

Organic Grape Spirit Ltd (Registered number: 12007452)

Statement of Financial Position
31 May 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 68,986 -
Tangible assets 5 5,277,764 4,589,521
Investment property 6 2,186,394 2,183,860
7,533,144 6,773,381

CURRENT ASSETS
Debtors 7 452,918 552,892
Cash at bank 314,771 1,527,229
767,689 2,080,121
CREDITORS
Amounts falling due within one year 8 124,748 110,239
NET CURRENT ASSETS 642,941 1,969,882
TOTAL ASSETS LESS CURRENT LIABILITIES 8,176,085 8,743,263

CREDITORS
Amounts falling due after more than one
year

9

10,194,243

10,194,243
NET LIABILITIES (2,018,158 ) (1,450,980 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (2,018,159 ) (1,450,981 )
(2,018,158 ) (1,450,980 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

Organic Grape Spirit Ltd (Registered number: 12007452)

Statement of Financial Position - continued
31 May 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 23 July 2024 and were signed on its behalf by:




O Morata Rocha - Director L Wang - Director




F Gulino Camarero - Director


Organic Grape Spirit Ltd (Registered number: 12007452)

Notes to the Financial Statements
for the Year Ended 31 May 2023

1. STATUTORY INFORMATION

Organic Grape Spirit 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.

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.

Income recognition
Income represents the fair value of consideration received or receivable derived from the provision of goods and services to customers during the year (excluding value added tax) and is recognised when the company becomes entitled to it, usually on the rendering of an invoice.

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.

Development costs are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Land and buildings - 2% on cost
Plant and machinery etc - 20% on cost and 20% on reducing balance

Investment property
Investment property is included at fair value. Gains are recognised in the income statement and shown in a fair value reserve. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in the income statement. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in the income statement.

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 statement of financial position date.

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.

Organic Grape Spirit Ltd (Registered number: 12007452)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

2. ACCOUNTING POLICIES - continued

Going concern
At the year end the company had net liabilities of £2,042,392. The company has started trading shortly after the year end and is expected to become profitable in the future. On this basis the director considers it appropriate to prepare the financial statements on the going concern basis.

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
Additions 86,232
At 31 May 2023 86,232
AMORTISATION
Charge for year 17,246
At 31 May 2023 17,246
NET BOOK VALUE
At 31 May 2023 68,986

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 June 2022 3,830,385 936,797 4,767,182
Additions 495,050 463,040 958,090
At 31 May 2023 4,325,435 1,399,837 5,725,272
DEPRECIATION
At 1 June 2022 14,341 163,320 177,661
Charge for year 46,309 223,538 269,847
At 31 May 2023 60,650 386,858 447,508
NET BOOK VALUE
At 31 May 2023 4,264,785 1,012,979 5,277,764
At 31 May 2022 3,816,044 773,477 4,589,521

Organic Grape Spirit Ltd (Registered number: 12007452)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2022 2,183,860
Additions 2,534
At 31 May 2023 2,186,394
NET BOOK VALUE
At 31 May 2023 2,186,394
At 31 May 2022 2,183,860

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 3,218 -
Other debtors 449,700 552,892
452,918 552,892

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts (see note 10) - 7
Trade creditors 27,976 -
Taxation and social security 2,287 1,520
Other creditors 94,485 108,712
124,748 110,239

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Other creditors 10,194,243 10,194,243

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Other loans more 5yrs non-inst 10,194,243 10,194,243

10. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts - 7

Organic Grape Spirit Ltd (Registered number: 12007452)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

10. LOANS - continued
2023 2022
£    £   
Amounts falling due in more than five years:
Repayable otherwise than by instalments
Other loans more 5yrs non-inst 10,194,243 10,194,243

In other loans, is £10,194,243 due to Nueva IQT S.L, which is controlled by Federico's father.