IRIS Accounts Production v24.2.0.383 01135852 Board of Directors Board of Directors 1.4.23 31.3.24 31.3.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh011358522023-03-31011358522024-03-31011358522023-04-012024-03-31011358522022-03-31011358522022-04-012023-03-31011358522023-03-3101135852ns15:EnglandWales2023-04-012024-03-3101135852ns14:PoundSterling2023-04-012024-03-3101135852ns10:Director12023-04-012024-03-3101135852ns10:Director22023-04-012024-03-3101135852ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3101135852ns10:SmallEntities2023-04-012024-03-3101135852ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3101135852ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3101135852ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3101135852ns10:FullAccounts2023-04-012024-03-3101135852ns10:CompanySecretary12023-04-012024-03-3101135852ns10:RegisteredOffice2023-04-012024-03-3101135852ns5:CurrentFinancialInstruments2024-03-3101135852ns5:CurrentFinancialInstruments2023-03-3101135852ns5:ShareCapital2024-03-3101135852ns5:ShareCapital2023-03-3101135852ns5:RetainedEarningsAccumulatedLosses2024-03-3101135852ns5:RetainedEarningsAccumulatedLosses2023-03-3101135852ns5:FurnitureFittings2023-04-012024-03-3101135852ns5:MotorVehicles2023-04-012024-03-3101135852ns5:ShortLeaseholdAssetsns5:LandBuildings2023-03-3101135852ns5:FurnitureFittings2023-03-3101135852ns5:MotorVehicles2023-03-3101135852ns5:ComputerEquipment2023-03-3101135852ns5:ShortLeaseholdAssetsns5:LandBuildings2023-04-012024-03-3101135852ns5:ComputerEquipment2023-04-012024-03-3101135852ns5:ShortLeaseholdAssetsns5:LandBuildings2024-03-3101135852ns5:FurnitureFittings2024-03-3101135852ns5:MotorVehicles2024-03-3101135852ns5:ComputerEquipment2024-03-3101135852ns5:ShortLeaseholdAssetsns5:LandBuildings2023-03-3101135852ns5:FurnitureFittings2023-03-3101135852ns5:MotorVehicles2023-03-3101135852ns5:ComputerEquipment2023-03-3101135852ns5:CostValuation2023-03-3101135852ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3101135852ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-31
REGISTERED NUMBER: 01135852 (England and Wales)













WINESTATE LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






WINESTATE LIMITED (REGISTERED NUMBER: 01135852)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


WINESTATE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mr W G R Nelhams
Mrs B Nelhams





SECRETARY: Mrs B Nelhams





REGISTERED OFFICE: 707a Finchley Road
London
NW2 2JN





REGISTERED NUMBER: 01135852 (England and Wales)





ACCOUNTANTS: Sinclairs Bartrum Lerner
Chartered Accountants
Second Floor
34 Lime Street
London
EC3M 7AT

WINESTATE LIMITED (REGISTERED NUMBER: 01135852)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 31,044 36,005
Investments 5 24,118 24,118
55,162 60,123

CURRENT ASSETS
Stocks 197,288 197,288
Debtors 6 33,929 3,909
Cash at bank and in hand 360,831 367,694
592,048 568,891
CREDITORS
Amounts falling due within one year 7 213,697 198,122
NET CURRENT ASSETS 378,351 370,769
TOTAL ASSETS LESS CURRENT LIABILITIES 433,513 430,892

PROVISIONS FOR LIABILITIES 5,297 5,905
NET ASSETS 428,216 424,987

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 428,116 424,887
SHAREHOLDERS' FUNDS 428,216 424,987

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

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

WINESTATE LIMITED (REGISTERED NUMBER: 01135852)

STATEMENT OF FINANCIAL POSITION - continued
31 MARCH 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 September 2024 and were signed on its behalf by:




Mr W G R Nelhams - Director



Mrs B Nelhams - Director


WINESTATE LIMITED (REGISTERED NUMBER: 01135852)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Winestate 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 company's place of business is 707a Finchley Road, London, NW2 2JN.

The financial statements are presented in pound sterling, which is the functional currency of the company and rounded to the nearest pound.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents fees and commissions receivable, excluding value added tax and sales of properties and leases. Fees and commission receivable are recognised on an invoice basis. Property sales are recognised when the risk and rewards of ownership have transferred to the customer.

The company also received rent from the properties it held in stock. Rent is recognised on invoice basis.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 20% on reducing balance

All fixed assets are initially recorded at cost.

Stocks
Stocks of properties are valued at the lower of cost and estimated selling price less costs to sell.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Basic financial instruments
Trade and other debtors / creditors
Trade and other debtors are recognised initially at transaction price less attributable transaction costs.
Subsequent to initial recognition, they are measured at transaction price less any impairment losses.
Trade and other creditors are recognised initially at transaction price plus attributable transaction costs.

Cash and cash equivalents
Cash and cash equivalents comprise cash balances and deposits.

WINESTATE LIMITED (REGISTERED NUMBER: 01135852)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
Short and Motor Computer
leasehold fittings vehicles equipment Totals
£ £ £ £ £
COST
At 1 April 2023 27,411 84,890 31,469 7,658 151,428
Additions - - - 653 653
At 31 March 2024 27,411 84,890 31,469 8,311 152,081
DEPRECIATION
At 1 April 2023 17,235 79,633 12,672 5,883 115,423
Charge for year 783 789 3,759 283 5,614
At 31 March 2024 18,018 80,422 16,431 6,166 121,037
NET BOOK VALUE
At 31 March 2024 9,393 4,468 15,038 2,145 31,044
At 31 March 2023 10,176 5,257 18,797 1,775 36,005

5. FIXED ASSET INVESTMENTS
Other
investments
£
COST
At 1 April 2023
and 31 March 2024 24,118
NET BOOK VALUE
At 31 March 2024 24,118
At 31 March 2023 24,118

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Other debtors 33,929 3,909

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Amounts owed to group undertakings 169,685 173,185
Taxation and social security 10,931 2,229
Other creditors 33,081 22,708
213,697 198,122

8. ULTIMATE CONTROLLING PARTY

Gateglow Limited, a company incorporated in the UK is considered by the directors as the ultimate controlling party. The registered office of the company is 707a Finchley Road, London, NW2 2JN.