Company Registration No. 07789663 (England and Wales)
Honey and Vine Limited
Unaudited financial statements
For the year ended 31 October 2023
Pages for filing with registrar
HONEY AND VINE LIMITED
Honey and Vine Limited
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
HONEY AND VINE LIMITED
Honey and Vine Limited
BALANCE SHEET
AS AT 31 OCTOBER 2023
31 October 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
4
3,196
5,461
Current assets
Debtors
5
168,594
149,918
Cash at bank and in hand
60,660
67,390
229,254
217,308
Creditors: amounts falling due within one year
6
(94,377)
(79,619)
Net current assets
134,877
137,689
Net assets
138,073
143,150
Capital and reserves
Called up share capital
2
2
Profit and loss reserves
138,071
143,148
Total equity
138,073
143,150

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 20 August 2024 and are signed on its behalf by:
O Smith Esq
Director
Company Registration No. 07789663
HONEY AND VINE LIMITED
Honey and Vine Limited
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023
- 2 -
1
Accounting policies
Company information

Honey and Vine Limited is a private company limited by shares incorporated in England and Wales. The registered office is 55 Loudoun Road, St John's Wood, London, NW8 0DL.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2
Turnover
Turnover represents amounts receivable for services net of VAT.
1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures, fittings & equipment
25% straight-line method
1.4
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was 3 (2022 - 3).

HONEY AND VINE LIMITED
Honey and Vine Limited
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023
- 3 -
4
Tangible fixed assets
Plant and machinery
£
Cost
At 1 November 2022 and 31 October 2023
96,751
Depreciation and impairment
At 1 November 2022
91,290
Depreciation charged in the year
2,265
At 31 October 2023
93,555
Carrying amount
At 31 October 2023
3,196
At 31 October 2022
5,461
5
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
1,754
8,761
Other debtors
166,840
141,157
168,594
149,918
6
Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
2,488
4,998
Corporation tax
42,671
35,883
Other taxation and social security
3,598
5,650
Other creditors
45,620
33,088
94,377
79,619
7
Control

The company is jointly controlled by Oliver and Sophie Smith by virtue of their combined shareholding in the company.

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