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REGISTERED NUMBER: 12023583 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

Winecar Ltd

Winecar Ltd (Registered number: 12023583)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Winecar Ltd

Company Information
for the Year Ended 31 May 2024







DIRECTORS: K Brock
G Adams





REGISTERED OFFICE: 77A Alma Road
Clifton
Bristol
BS8 2DP





REGISTERED NUMBER: 12023583 (England and Wales)





ACCOUNTANTS: Kingscote Accountancy Limited
77A Alma Road
Clifton
Bristol
BS8 2DP

Winecar Ltd (Registered number: 12023583)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 350,000 350,000

CURRENT ASSETS
Cash at bank 2,134 8,752

CREDITORS
Amounts falling due within one year 5 231,682 252,816
NET CURRENT LIABILITIES (229,548 ) (244,064 )
TOTAL ASSETS LESS CURRENT LIABILITIES 120,452 105,936

CREDITORS
Amounts falling due after more than one year 6 (9,989 ) (18,953 )

PROVISIONS FOR LIABILITIES (13,388 ) (13,388 )
NET ASSETS 97,075 73,595

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 96,975 73,495
97,075 73,595

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

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

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 21 September 2024 and were signed on its behalf by:





G Adams - Director


Winecar Ltd (Registered number: 12023583)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Winecar 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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2023
and 31 May 2024 350,000
NET BOOK VALUE
At 31 May 2024 350,000
At 31 May 2023 350,000

Investment properties have been revalued to their market rate at the year end.

Winecar Ltd (Registered number: 12023583)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans and overdrafts 10,638 10,886
Trade creditors - 270
Taxation and social security 5,642 4,364
Other creditors 215,402 237,296
231,682 252,816

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans 9,989 18,953

7. RELATED PARTY DISCLOSURES

As at the Balance Sheet date, the company owed K Brock £104,355 and G Adams £104,346.