Company registration number 06204047 (England and Wales)
WINE INNOVATIONS LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
PAGES FOR FILING WITH REGISTRAR
WINE INNOVATIONS LTD
CONTENTS
Page
Statement of financial position
1
Notes to the financial statements
2 - 3
WINE INNOVATIONS LTD
STATEMENT OF FINANCIAL POSITION
AS AT
31 DECEMBER 2023
31 December 2023
- 1 -
2023
2022
Notes
£
£
£
£
Equity
Called up share capital
25,500
25,500
Share premium account
903,455
903,455
Other reserves
26,371
26,371
Retained earnings
4
(955,326)
(955,326)
Total equity
Ttruehe member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
For the financial year ended 31 December 2023 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 26 September 2024 and are signed on its behalf by:
Mr K M Ball
Director
Company registration number 06204047 (England and Wales)
WINE INNOVATIONS LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
- 2 -
1
Accounting policies
Company information
Wine Innovations Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Churnetside Business Park, Station Road, Cheddleton, Leek, Staffordshire, ST13 7RS.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest pound.
The financial statements have been prepared on the historical cost convention. The principal accounting policies adopted are set out below.
This company is a qualifying entity for the purposes of FRS 102, being a member of a group where the parent of that group prepares publicly available consolidated financial statements, including this company, which are intended to give a true and fair view of the assets, liabilities, financial position and profit or loss of the group. The company has therefore taken advantage of exemptions from the following disclosure requirements:
Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instrument Issues: Interest income/expense and net gains/losses for financial instruments not measured at fair value; basis of determining fair values; details of collateral, loan defaults or breaches, details of hedges, hedging fair value changes recognised in profit or loss and in other comprehensive income;
Section 33 ‘Related Party Disclosures’: Compensation for key management personnel.
The financial statements of the company are consolidated in the financial statements of F Ball Enterprises Limited, company no 09790855, registered in England and Wales. These consolidated financial statements are available from its registered office, detailed in Note 6.
1.2
Going concern
All trueassets and liabilities of the company were transferred to Ball Capital Investment Limited, the immediate parent company in the prior year.
The company remained dormant in 2023.
1.3
Income statement
The company has not traded during the year or the preceding financial period. During this time, the company received no income and incurred no expenditure and therefore no Income statement is presented in these financial statements.
2
Employees
There were no employees during the year, nor in the prior year.
3
Other Reserves
Other reserves represent the capital contribution on the movement of the loan from the parent company at amortised cost. This reserve is non distributable.
WINE INNOVATIONS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 3 -
4
Retained earnings
2023
2022
£
£
At the beginning and end of the year
(955,326)
(955,326)
5
Related party transactions
Other Transactions
The company has taken advantage of the exemption conferred by FRS102 section 33 from the requirement to disclose transactions with group companies on the grounds that consolidated financial statements are prepared by the ultimate parent company.
6
Parent company
The immediate parent company is Ball Capital Investment Limited, company no. 07587493 registered in England and Wales.
The ultimate parent company is F Ball Enterprises Limited, company no. 09790855, registered in England and Wales.
The consolidated financial statements of F. Ball Enterprises Limited can be obtained from Churnetside Business Park, Station Road, Cheddleton, Staffs, ST13 7RS.
The ultimate controlling party is Mr G. W. Ball, sole director and majority shareholder of F Ball Enterprises Limited.