Caseware UK (AP4) 2023.0.135 2023.0.135 52023-02-015The production and sale of winefalsetruetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 05492268 2023-02-01 2024-01-31 05492268 1 2023-02-01 2024-01-31 05492268 2022-02-01 2023-01-31 05492268 2024-01-31 05492268 2023-01-31 05492268 d:CompanySecretary1 2023-02-01 2024-01-31 05492268 d:Director1 2023-02-01 2024-01-31 05492268 d:Director2 2023-02-01 2024-01-31 05492268 d:RegisteredOffice 2023-02-01 2024-01-31 05492268 c:Buildings 2023-02-01 2024-01-31 05492268 c:Buildings 2024-01-31 05492268 c:Buildings 2023-01-31 05492268 c:Buildings c:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 05492268 c:PlantMachinery 2023-02-01 2024-01-31 05492268 c:PlantMachinery 2024-01-31 05492268 c:PlantMachinery 2023-01-31 05492268 c:PlantMachinery c:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 05492268 c:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 05492268 c:CurrentFinancialInstruments 2024-01-31 05492268 c:CurrentFinancialInstruments 2023-01-31 05492268 c:CurrentFinancialInstruments c:WithinOneYear 2024-01-31 05492268 c:CurrentFinancialInstruments c:WithinOneYear 2023-01-31 05492268 c:ShareCapital 2024-01-31 05492268 c:ShareCapital 2023-01-31 05492268 c:RetainedEarningsAccumulatedLosses 2024-01-31 05492268 c:RetainedEarningsAccumulatedLosses 2023-01-31 05492268 d:OrdinaryShareClass1 2023-02-01 2024-01-31 05492268 d:OrdinaryShareClass1 2024-01-31 05492268 d:OrdinaryShareClass1 2023-01-31 05492268 d:FRS102 2023-02-01 2024-01-31 05492268 d:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 05492268 d:FullAccounts 2023-02-01 2024-01-31 05492268 d:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 05492268 c:AcceleratedTaxDepreciationDeferredTax 2024-01-31 05492268 c:AcceleratedTaxDepreciationDeferredTax 2023-01-31 05492268 e:PoundSterling 2023-02-01 2024-01-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 05492268










Nutbourne Vineyards Limited








Unaudited

Financial statements

Information for filing with the registrar

For the Year Ended 31 January 2024


 


 
Nutbourne Vineyards Limited
 

Company Information


Directors
P A Gladwin 
B C Gladwin 




Company secretary
B C Gladwin



Registered number
05492268



Registered office
Nutbourne Manor
The Street, Nutbourne

Pulborough

West Sussex

RH20 2HE





 
Nutbourne Vineyards Limited
 

Contents



Page
Accountants' Report
1
Balance Sheet
2 - 3
Notes to the Financial Statements
4 - 9


 
Nutbourne Vineyards Limited
 
  
Chartered Accountants' Report to the Board of Directors on the preparation of the Unaudited Statutory Financial Statements of Nutbourne Vineyards Limited for the Year Ended 31 January 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Nutbourne Vineyards Limited for the year ended 31 January 2024 which comprise  the Balance Sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the Board of Directors of Nutbourne Vineyards Limited, as a body, in accordance with the terms of our engagement letter dated 27 June 2024Our work has been undertaken solely to prepare for your approval the financial statements of Nutbourne Vineyards Limited and state those matters that we have agreed to state to the Board of Directors of Nutbourne Vineyards Limited, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Nutbourne Vineyards Limited and its Board of Directors, as a body, for our work or for this report. 

It is your duty to ensure that Nutbourne Vineyards Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Nutbourne Vineyards Limited. You consider that Nutbourne Vineyards Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Nutbourne Vineyards Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



Kreston Reeves LLP
 
Chartered Accountants
  
Springfield House
Springfield Road
Horsham
West Sussex
RH12 2RG
2 September 2024
Page 1

 
Nutbourne Vineyards Limited
Registered number: 05492268

Balance Sheet
As at 31 January 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
423,655
360,783

  
423,655
360,783

Current assets
  

Stocks
  
425,334
211,950

Debtors: amounts falling due within one year
 5 
30,323
24,642

Cash at bank and in hand
  
21,425
19,822

  
477,082
256,414

Creditors: amounts falling due within one year
 6 
(419,853)
(314,108)

Net current assets/(liabilities)
  
 
 
57,229
 
 
(57,694)

Total assets less current liabilities
  
480,884
303,089

Provisions for liabilities
  

Deferred tax
 7 
(26,284)
(2,605)

  
 
 
(26,284)
 
 
(2,605)

Net assets
  
454,600
300,484


Capital and reserves
  

Called up share capital 
 8 
428,001
428,001

Profit and loss account
  
26,599
(127,517)

  
454,600
300,484


Page 2

 
Nutbourne Vineyards Limited
Registered number: 05492268

Balance Sheet (continued)
As at 31 January 2024

The directors consider 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 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 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: 




P A Gladwin
Director

Date: 26 August 2024

The notes on pages 4 to 9 form part of these financial statements.

Page 3

 
Nutbourne Vineyards Limited
 

 
Notes to the Financial Statements
For the Year Ended 31 January 2024

1.


General information

The company is a private company limited by share capital incorporated in England, United Kingdom.
The address of its registered office is: Nutbourne Manor, The Street, Nutbourne, Pulborough, West Sussex, RH20 2HE.

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 figures in the financial statements are presented in Sterling the functional currency of the company and have been rounded to the nearest £.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Page 4

 
Nutbourne Vineyards Limited
 

 
Notes to the Financial Statements
For the Year Ended 31 January 2024

2.Accounting policies (continued)

 
2.3

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 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 balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

The estimated useful lives range as follows:

Farm Buildings
-
25 years
Plant and machinery
-
5 to 20 years

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.5

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 first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet 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.

Page 5

 
Nutbourne Vineyards Limited
 

 
Notes to the Financial Statements
For the Year Ended 31 January 2024

2.Accounting policies (continued)

 
2.6

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.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.8

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.

  
2.9

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive
obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate
can be made of the amount of the obligation. 
Provisions are charged as an expense to profit or loss in the year that the Company becomes aware
of the obligation, and are measured at the best estimate at the balance sheet date of the expenditure
required to settle the obligation, taking into account relevant risks and uncertainties. 
When payments are eventually made, they are charged to the provision carried in the Balance Sheet. 


3.


Employees

The average monthly number of employees, including directors, during the year was 5 (2023 - 5).

Page 6

 
Nutbourne Vineyards Limited
 

 
Notes to the Financial Statements
For the Year Ended 31 January 2024

4.


Tangible fixed assets





Farm Buildings
Plant and machinery
Total

£
£
£



Cost or valuation


At 1 February 2023
503,543
408,423
911,966


Additions
66,258
43,975
110,233


Disposals
-
(6,000)
(6,000)



At 31 January 2024

569,801
446,398
1,016,199



Depreciation


At 1 February 2023
243,237
307,946
551,183


Charge for the year on owned assets
27,811
19,550
47,361


Disposals
-
(6,000)
(6,000)



At 31 January 2024

271,048
321,496
592,544



Net book value



At 31 January 2024
298,753
124,902
423,655



At 31 January 2023
260,306
100,477
360,783

Page 7

 
Nutbourne Vineyards Limited
 

 
Notes to the Financial Statements
For the Year Ended 31 January 2024

5.


Debtors

2024
2023
£
£


Trade debtors
16,707
11,780

Other debtors
9,184
7,854

Prepayments and accrued income
4,432
5,008

30,323
24,642



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
6,718
37,757

Corporation tax
23,962
-

Other taxation and social security
2,478
5,899

Other creditors
382,421
263,765

Accruals and deferred income
4,274
6,687

419,853
314,108



7.


Deferred taxation




2024


£






At beginning of year
(2,605)


Charged to profit or loss
(23,679)



At end of year
(26,284)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(26,284)
(2,605)

(26,284)
(2,605)

Page 8

 
Nutbourne Vineyards Limited
 

 
Notes to the Financial Statements
For the Year Ended 31 January 2024

8.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



428,001 (2023 - 428,001) Ordinary shares shares of £1.00 each
428,001
428,001



9.


Related party transactions

P A Gladwin
(Director and shareholder)
During the year P A Gladwin continued to provide a loan to the company which is interest free and repayable on demand. At the balance sheet date the amount due to P A Gladwin was £372,177 (2023: £257,177).


10.


Controlling party

The company is controlled by P A Gladwin, a director and shareholder of the company.


Page 9