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REGISTERED NUMBER: 05368071 (England and Wales)
















Financial Statements for the Year Ended 31st March 2024

for


Clarion Wines Limited



Clarion Wines Limited (Registered number: 05368071)








Contents of the Financial Statements

for the Year Ended 31st March 2024





Page




Company Information  

1




Balance Sheet  

2




Notes to the Financial Statements  

4





Clarion Wines Limited



Company Information

for the Year Ended 31st March 2024









DIRECTORS:

R J Berkley-Matthews


P R Barran







SECRETARY:

R J Berkley-Matthews







REGISTERED OFFICE:

Zion Hill House


Cuffs Lane


Tisbury


Wiltshire


SP3 6LG







REGISTERED NUMBER:

05368071 (England and Wales)







ACCOUNTANT:

Gordon Chubb


542 Bishops Caundle


Sherborne


Dorset


DT9 5ND



Clarion Wines Limited (Registered number: 05368071)



Balance Sheet

31st March 2024



2024

2023



Notes

£   

£   

£   

£   


FIXED ASSETS

Tangible assets

4

4,865


5,934




CURRENT ASSETS

Stocks

427,476


337,787



Debtors

5

578,745


632,966



Cash at bank and in hand

813,213


882,240



1,819,434


1,852,993



CREDITORS

Amounts falling due within one year

6

1,033,297


1,094,316



NET CURRENT ASSETS

786,137


758,677



TOTAL ASSETS LESS CURRENT

LIABILITIES

791,002


764,611




CAPITAL AND RESERVES

Called up share capital

42,000


42,000



Share premium

7

18,500


18,500



Capital redemption reserve

7

4,000


4,000



Retained earnings

7

726,502


700,111



SHAREHOLDERS' FUNDS

791,002


764,611




The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.  


The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2024 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.



Clarion Wines Limited (Registered number: 05368071)



Balance Sheet - continued

31st March 2024



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 26th April 2024  and were signed on its behalf by:





R J Berkley-Matthews - Director




P R Barran - Director




Clarion Wines Limited (Registered number: 05368071)



Notes to the Financial Statements

for the Year Ended 31st March 2024


1.

STATUTORY INFORMATION



Clarion Wines 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.


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.


Tangible fixed assets


Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.  


Plant and machinery etc

-  

33% on reducing balance and 20% on reducing balance



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.

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.


Foreign currency exchange rates

Transactions in foreign currencies are translated into sterling at an estimated rate of exchange ruling at the date of transaction and exchange differences are taken into account in arriving at the operating result at the end of the financial year.


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.



Clarion Wines Limited (Registered number: 05368071)



Notes to the Financial Statements - continued

for the Year Ended 31st March 2024


2.

ACCOUNTING POLICIES - continued



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 3 (2023 - 3 ) .


4.

TANGIBLE FIXED ASSETS


Plant and


machinery


etc

£   



COST


At 1st April 2023

25,353




Additions

10




At 31st March 2024

25,363




DEPRECIATION


At 1st April 2023

19,419




Charge for year

1,079




At 31st March 2024

20,498




NET BOOK VALUE


At 31st March 2024

4,865




At 31st March 2023

5,934




5.

DEBTORS

2024

2023


£   

£   



Amounts falling due within one year:


Trade debtors

574,382


623,854




Other debtors

2,785


2,453



577,167


626,307





Amounts falling due after more than one year:


Other debtors

1,578


6,659





Aggregate amounts

578,745


632,966





Clarion Wines Limited (Registered number: 05368071)



Notes to the Financial Statements - continued

for the Year Ended 31st March 2024


6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR


2024

2023


£   

£   



Trade creditors

866,476


913,259




Taxation and social security

28,971


44,207




Other creditors

137,850


136,850



1,033,297


1,094,316




7.

RESERVES


Capital



Retained


Share


redemption



earnings


premium


reserve


Totals

£   

£   

£   

£   




At 1st April 2023

700,111


18,500


4,000


722,611




Profit for the year

68,391


-


-


68,391




Dividends

(42,000

)

-


-


(42,000

)



At 31st March 2024

726,502


18,500


4,000


749,002