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REGISTERED NUMBER: 08162966 (England and Wales)








UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2023

FOR

CHELSEA VINTNERS LONDON LIMITED

CHELSEA VINTNERS LONDON LIMITED (REGISTERED NUMBER: 08162966)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CHELSEA VINTNERS LONDON LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2023







DIRECTORS: T de Yong
R J Eyles
R J Leighton
J F Anderson
Mrs C V C Chappel





REGISTERED OFFICE: 495 Green Lanes
London
N13 4BS





REGISTERED NUMBER: 08162966 (England and Wales)





ACCOUNTANTS: Avraam Associates Limited
Chartered Accountants
495 Green Lanes
London
N13 4BS

CHELSEA VINTNERS LONDON LIMITED (REGISTERED NUMBER: 08162966)

BALANCE SHEET
31ST DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 195,930 12,938
Investments 5 56 56
195,986 12,994

CURRENT ASSETS
Stocks 311,819 798,105
Debtors 6 875,619 709,842
Cash at bank 360,440 207,385
1,547,878 1,715,332
CREDITORS
Amounts falling due within one year 7 1,591,275 1,838,630
NET CURRENT LIABILITIES (43,397 ) (123,298 )
TOTAL ASSETS LESS CURRENT LIABILITIES 152,589 (110,304 )

CREDITORS
Amounts falling due after more than one
year

8

324,761

27,500
NET LIABILITIES (172,172 ) (137,804 )

CAPITAL AND RESERVES
Called up share capital 10 932,000 113,000
Retained earnings (1,104,172 ) (250,804 )
SHAREHOLDERS' FUNDS (172,172 ) (137,804 )

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

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

CHELSEA VINTNERS LONDON LIMITED (REGISTERED NUMBER: 08162966)

BALANCE SHEET - continued
31ST DECEMBER 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 11th September 2024 and were signed on its behalf by:





R J Leighton - Director


CHELSEA VINTNERS LONDON LIMITED (REGISTERED NUMBER: 08162966)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023

1. STATUTORY INFORMATION

Chelsea Vintners London 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.

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.

Preparation of consolidated financial statements
The financial statements contain information about Chelsea Vintners London Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

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 - 25% on cost and 20% on cost

Investments in associates
Investments in associate undertakings are recognised at cost.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 14 (2022 - 11 ) .

CHELSEA VINTNERS LONDON LIMITED (REGISTERED NUMBER: 08162966)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st January 2023 77,229
Additions 196,481
At 31st December 2023 273,710
DEPRECIATION
At 1st January 2023 64,291
Charge for year 13,489
At 31st December 2023 77,780
NET BOOK VALUE
At 31st December 2023 195,930
At 31st December 2022 12,938

5. FIXED ASSET INVESTMENTS
Interest
in
subsidiary
£   
COST
At 1st January 2023
and 31st December 2023 56
NET BOOK VALUE
At 31st December 2023 56
At 31st December 2022 56

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 622,066 594,806
Other debtors 253,553 115,036
875,619 709,842

CHELSEA VINTNERS LONDON LIMITED (REGISTERED NUMBER: 08162966)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 1,282,183 1,743,831
Amounts owed to group undertakings 58,869 19,383
Taxation and social security 23,423 11,832
Other creditors 216,800 53,584
1,591,275 1,838,630

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 17,500 27,500
Other creditors 307,261 -
324,761 27,500

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 182,245 79,500
Between one and five years 728,980 -
911,225 79,500

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
355,000 A Ordinary £1 355,000 30,000
560,000 B Ordinary £1 560,000 60,000
17,000 C Ordinary £1 17,000 17,000
932,000 107,000

The following shares were issued during the year for cash at par :

325,000 A Ordinary shares of £1
494,000 B Ordinary shares of £1

11. RELATED PARTY DISCLOSURES

On 12 October 2018 the company established a 100% owned subsidiary based in Australia, Chelsea Vintners Australia Pty Ltd a company in which Mr T De Yong is also a director. During the year Chelsea Vintners Australia Pty Ltd invoiced the UK entity £249,968 (2022 - £255,060) for management charges, the overall balance between the two companies as of the year end was £58,869 (2022 - £19,383) and is included within amounts owed to group undertakings in creditors.