Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31falseRetail of wine and provide marketing services222023-01-01truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 11906857 2023-01-01 2023-12-31 11906857 2022-01-01 2022-12-31 11906857 2023-12-31 11906857 2022-12-31 11906857 c:Director1 2023-01-01 2023-12-31 11906857 c:RegisteredOffice 2023-01-01 2023-12-31 11906857 d:CurrentFinancialInstruments 2023-12-31 11906857 d:CurrentFinancialInstruments 2022-12-31 11906857 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 11906857 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 11906857 d:ShareCapital 2023-12-31 11906857 d:ShareCapital 2022-12-31 11906857 d:RetainedEarningsAccumulatedLosses 2023-12-31 11906857 d:RetainedEarningsAccumulatedLosses 2022-12-31 11906857 c:FRS102 2023-01-01 2023-12-31 11906857 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 11906857 c:FullAccounts 2023-01-01 2023-12-31 11906857 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 11906857 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure
Registered number: 11906857














PEDRA ALTA LIMITED
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 31 DECEMBER 2023

 
PEDRA ALTA LIMITED
 
 
COMPANY INFORMATION


Director
I N Woodward 




Registered number
11906857



Registered office
2nd Floor
Connaught House

1-3 Mount Street (entrance via Davies Street)

London

W1K 3NB




Accountants
Sopher + Co LLP
Chartered Accountants

5 Elstree Gate

Elstree Way

Borehamwood

Hertfordshire

WD6 1JD





 
PEDRA ALTA LIMITED
 

CONTENTS



Page
Statement of Financial Position
 
 
1
Notes to the Financial Statements
 
 
2 - 4


 
PEDRA ALTA LIMITED
REGISTERED NUMBER:11906857

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

  

Current assets
  

Stocks
  
17,378
28,823

Debtors: amounts falling due within one year
 4 
45,767
56,719

Cash at bank and in hand
  
28,798
38,148

  
91,943
123,690

Current liabilities
  

Creditors: amounts falling due within one year
 5 
(112,005)
(140,106)

Net liabilities
  
(20,062)
(16,416)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(20,162)
(16,516)

  
(20,062)
(16,416)


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




I N Woodward
Director

Date: 23 September 2024

The notes on pages 2 to 4 form part of these financial statements.

Page 1

 
PEDRA ALTA LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Pedra Alta Ltd is a private company limited by shares incorporated in England and Wales. The registered office is at 2nd Floor, Connaught House, 1-3 Mount Street, London, United Kingdom, W1K 3NB.
The principal activity of the Company continued to be that of providing marketing services in the wine trade.
The financial statements are prepared in sterling, which is the functional currency of the company. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:

 
2.2

Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that
the company will have the continued support from its lenders and has adequate resources to
continue in operational existence for the foreseeable future. Thus, the directors continue to adopt the
going concern basis of accounting in preparing the financial statements.

 
2.3

Turnover

Turnover comprises revenue recognised by the company in respect of marketing services, club membership subscriptions and wine sales during the year, exclusive of Value Added Tax.
Revenue from marketing services is recognised in the period in which the services are provided. Revenue from Club membership is spread over the membership period. Revenue from wine sales is recognised on delivery.

 
2.4

Foreign currency translation

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the date of the transactions. At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction.
Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss.


Page 2

 
PEDRA ALTA LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.5

Pensions

Defined contribution pension plan
The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.
The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.6

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

 
2.7

Stocks

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 weighted average basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).

Page 3

 
PEDRA ALTA LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Debtors

2023
2022
£
£


Trade debtors
42,010
56,719

Other debtors
3,757
-

45,767
56,719



5.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
4,333
1,892

Taxation and social security
491
1,009

Other creditors
77,275
76,949

Accruals and deferred income
29,906
60,256

112,005
140,106



6.


Related party transactions

Included within other creditors is an amount of £76,692 (2022 - £76,692) due to related parties. This amount is interest free and repayable on demand. 

 
Page 4