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REGISTERED NUMBER: 06756983 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

Veblen Wines Ltd

Veblen Wines Ltd (Registered number: 06756983)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Veblen Wines Ltd

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTOR: L Morel





REGISTERED OFFICE: Holly Bank Chambers
Oasts Business Village
Red Hill, Wateringbury
Maidstone
Kent
ME18 5NN





REGISTERED NUMBER: 06756983 (England and Wales)





ACCOUNTANTS: Knights
2A Lighthouse Trade Park
Lydney
21 Highnam Business Centre
Highnam
Gloucestershire
GL2 8DN

Veblen Wines Ltd (Registered number: 06756983)

BALANCE SHEET
30 NOVEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 306 450
Investments 5 21,400 21,400
21,706 21,850

CURRENT ASSETS
Stocks 150,005 171,000
Debtors 6 334,604 289,611
Investments 7 225,000 175,000
Cash at bank and in hand 73,262 197,560
782,871 833,171
CREDITORS
Amounts falling due within one year 8 40,306 104,372
NET CURRENT ASSETS 742,565 728,799
TOTAL ASSETS LESS CURRENT
LIABILITIES

764,271

750,649

PROVISIONS FOR LIABILITIES 9 564,629 517,511
NET ASSETS 199,642 233,138

CAPITAL AND RESERVES
Called up share capital 1,012 1,012
Retained earnings 198,630 232,126
SHAREHOLDERS' FUNDS 199,642 233,138

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Veblen Wines Ltd (Registered number: 06756983)

BALANCE SHEET - continued
30 NOVEMBER 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 director and authorised for issue on 20 August 2024 and were signed by:





L Morel - Director


Veblen Wines Ltd (Registered number: 06756983)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1. STATUTORY INFORMATION

Veblen Wines 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.

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 cost and 25% 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.

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 4 (2022 - 4 ) .

Veblen Wines Ltd (Registered number: 06756983)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2022
and 30 November 2023 67,034
DEPRECIATION
At 1 December 2022 66,584
Charge for year 144
At 30 November 2023 66,728
NET BOOK VALUE
At 30 November 2023 306
At 30 November 2022 450

5. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
2023 2022
£    £   
Guitars 18,400 18,400
Sculptures 3,000 3,000
21,400 21,400

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 90,442 80,732
Other debtors 244,162 208,879
334,604 289,611

7. CURRENT ASSET INVESTMENTS
2023 2022
£    £   
Listed investments 225,000 175,000

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 155 7
Taxation and social security 11,854 30,322
Other creditors 28,297 74,043
40,306 104,372

Veblen Wines Ltd (Registered number: 06756983)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

9. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Other provisions 564,629 517,511

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 November 2023 and 30 November 2022:

2023 2022
£    £   
L Morel
Balance outstanding at start of year 170,192 170,825
Amounts repaid (8,980 ) (633 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 161,212 170,192

Included within the year end other debtors balance is an amount owed by the company director (Mr L Morel) of £161,212 (2022: £170,192). The outstanding balance is not subject to interest and is repayable on demand.