Piedmont Food and Wine Limited 07919459 false 2023-02-01 2024-01-31 2024-01-31 The principal activity of the company is is the promotion of food and wine from Piedmont in Italy and providing itineraries and making bookings for people visiting the region. Digita Accounts Production Advanced 6.30.9574.0 true true 07919459 2023-02-01 2024-01-31 07919459 2024-01-31 07919459 bus:OrdinaryShareClass1 2024-01-31 07919459 core:RetainedEarningsAccumulatedLosses 2024-01-31 07919459 core:ShareCapital 2024-01-31 07919459 core:CurrentFinancialInstruments 2024-01-31 07919459 core:CurrentFinancialInstruments core:WithinOneYear 2024-01-31 07919459 core:Non-currentFinancialInstruments 2024-01-31 07919459 core:Non-currentFinancialInstruments core:AfterOneYear 2024-01-31 07919459 core:FurnitureFittingsToolsEquipment 2024-01-31 07919459 bus:SmallEntities 2023-02-01 2024-01-31 07919459 bus:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 07919459 bus:FilletedAccounts 2023-02-01 2024-01-31 07919459 bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 07919459 bus:RegisteredOffice 2023-02-01 2024-01-31 07919459 bus:Director1 2023-02-01 2024-01-31 07919459 bus:OrdinaryShareClass1 2023-02-01 2024-01-31 07919459 bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 07919459 core:FurnitureFittingsToolsEquipment 2023-02-01 2024-01-31 07919459 core:OfficeEquipment 2023-02-01 2024-01-31 07919459 countries:EnglandWales 2023-02-01 2024-01-31 07919459 2023-01-31 07919459 core:FurnitureFittingsToolsEquipment 2023-01-31 07919459 2022-02-01 2023-01-31 07919459 2023-01-31 07919459 bus:OrdinaryShareClass1 2023-01-31 07919459 core:RetainedEarningsAccumulatedLosses 2023-01-31 07919459 core:ShareCapital 2023-01-31 07919459 core:CurrentFinancialInstruments 2023-01-31 07919459 core:CurrentFinancialInstruments core:WithinOneYear 2023-01-31 07919459 core:Non-currentFinancialInstruments 2023-01-31 07919459 core:Non-currentFinancialInstruments core:AfterOneYear 2023-01-31 07919459 core:FurnitureFittingsToolsEquipment 2023-01-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 07919459

Piedmont Food and Wine Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 January 2024

 

Piedmont Food and Wine Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 7

 

Piedmont Food and Wine Limited

Company Information

Director

Mrs J Barnaby

Registered office

Wellesley House
204 London Road
Waterlooville
Hampshire
PO7 7AN

Accountants

MMO Limited
Wellesley House
204 London Road
Waterlooville
Hampshire
PO7 7AN

 

Piedmont Food and Wine Limited

(Registration number: 07919459)
Balance Sheet as at 31 January 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

1,132

1,510

Current assets

 

Cash at bank and in hand

 

10,091

1,398

Creditors: Amounts falling due within one year

5

(65,851)

(75,887)

Net current liabilities

 

(55,760)

(74,489)

Total assets less current liabilities

 

(54,628)

(72,979)

Creditors: Amounts falling due after more than one year

5

(624)

(1,074)

Net liabilities

 

(55,252)

(74,053)

Capital and reserves

 

Called up share capital

6

2

2

Retained earnings

(55,254)

(74,055)

Shareholders' deficit

 

(55,252)

(74,053)

For the financial year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 28 October 2024
 

.........................................
Mrs J Barnaby
Director

 

Piedmont Food and Wine Limited

Notes to the Unaudited 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 and Wales.

The address of its registered office is:
Wellesley House
204 London Road
Waterlooville
Hampshire
PO7 7AN
England

These financial statements were authorised for issue by the director on 28 October 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

All figures are presented in British Sterling, which is the functional currency of the company, and are rounded to the nearest £1.

Going concern

The financial statements have been prepared on a going concern basis, on the understanding that the directors and shareholders will continue to financially support the company during this uncertain period.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Piedmont Food and Wine Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

25% reducing balance basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

Piedmont Food and Wine Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

 

Piedmont Food and Wine Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 February 2023

8,402

8,402

At 31 January 2024

8,402

8,402

Depreciation

At 1 February 2023

6,892

6,892

Charge for the year

378

378

At 31 January 2024

7,270

7,270

Carrying amount

At 31 January 2024

1,132

1,132

At 31 January 2023

1,510

1,510

5

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

7

490

489

Accruals and deferred income

 

1,500

1,000

Other creditors

 

63,861

74,398

 

65,851

75,887

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

7

624

1,074

6

Share capital

Allotted, called up and fully paid shares

 

Piedmont Food and Wine Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

2

2

2

2

       

7

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

624

1,074

Current loans and borrowings

2024
£

2023
£

Bank borrowings

490

489