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Company Registration No. 08360033 (England and Wales)
PETERSHAM CELLAR LIMITED
Financial Statements
for the Period from 31 December 2022 to 30 December 2023

PETERSHAM CELLAR LIMITED

Financial Statements for the period ending 30 December 2023

PETERSHAM CELLAR LIMITED

Financial Statements for the period ending 30 December 2023

Notes to the Accounts

1. Statutory Information
PETERSHAM CELLAR LIMITED is a private company, limited by shares, registered in England and Wales, registration number 08360033.
2. Accounting Policies
Basis of preparing the Financial Statements
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Presentation Currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

PETERSHAM CELLAR LIMITED

Financial Statements for the period ending 30 December 2023

Notes to the Accounts

Current Tax
A current tax liability is recognised for the tax payable on the taxable profit of the current and past
Tangible Fixed Asset Policy
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:Freehold buildings over 50 yearsLeasehold land and buildings over the lease termPlant and machinery 25% SLMOffice equipment 25% SLM

PETERSHAM CELLAR LIMITED

Financial Statements for the period ending 30 December 2023

Notes to the Accounts

Intangible Asset Policy
Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years. The estimated useful lives range as follows: Website - 25% of cost Development expenditure - 25% of cost
Stock
Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads. Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

PETERSHAM CELLAR LIMITED

Financial Statements for the period ending 30 December 2023

Notes to the Accounts

3. Employees
Average number of employees, including directors, during the year was as follows:
2023 6
2022 6
4. Principal Activity
The principal activity of the company is other retail sale not in stores, stalls or markets.

PETERSHAM CELLAR LIMITED

Financial Statements for the period ending 30 December 2023

Notes to the Accounts

5. Intangible Assets
Goodwill Other Total
Cost £ £ £
At 31/12/2022 - 97,650 97,650
Additions - 20,038 20,038
Disposals - - -
Revaluations - - -
At 30/12/2023 - 117,688 117,688
Amortisation
At 31/12/2022 - 63,593 63,593
Charge for the Year - 17,138 17,138
On Disposals - - -
Other increases/(decreases) - - -
At end of period - 80,731 80,731
Net book value
At 30/12/2023 - 36,957 36,957
At 30/12/2022 - 34,057 34,057
6. Fixed Assets
Plant and Machinery Total
Cost or valuation £ £
At 31/12/2022 10,110 10,110
Additions 2,247 2,247
At 30/12/2023 12,357 12,357
Depreciation
At 31/12/2022 7,631 7,631
Charge for the year 1,385 1,385
At 30/12/2023 9,016 9,016
Net Book Value
At 30/12/2023 3,341 3,341
At 30/12/2022 2,479 2,479