Winocap Holding Limited
Unaudited Financial Statements
For the year ended 31 December 2023
Pages for Filing with Registrar
Company Registration No. 06656986 (England and Wales)
Winocap Holding Limited
Company Information
Directors
Mr J De Mestral
Mr Vincent Judet
V M Judet
O A C Cathalan
Secretary
Mr R Rodriguez Bernal
Company number
06656986
Registered office
4 Victoria Square
St Albans
Hertfordshire
AL1 3TF
Accountants
Moore Kingston Smith LLP
4 Victoria Square
St Albans
Hertfordshire
AL1 3TF
Winocap Holding Limited
Contents
Page
Balance sheet
1
Notes to the financial statements
2 - 5
Winocap Holding Limited
Balance Sheet
As at 31 December 2023
Page 1
2023
2022
Notes
Fixed assets
Investments
4
10,253,225
10,253,225
Current assets
Debtors
6
-
0
1,305
Cash at bank and in hand
2,437,515
1,730,898
2,437,515
1,732,203
Creditors: amounts falling due within one year
7
(10,957)
(9,397)
Net current assets
2,426,558
1,722,806
Net assets
12,679,783
11,976,031
Capital and reserves
Called up share capital
8
9,988,127
9,988,127
Profit and loss reserves
2,691,656
1,987,904
Total equity
12,679,783
11,976,031

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small 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 members have 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 18 November 2024 and are signed on its behalf by:
Mr J De Mestral
Director
Company Registration No. 06656986
Winocap Holding Limited
Notes to the Financial Statements
For the year ended 31 December 2023
Page 2
1
Accounting policies
Company information

Winocap Holding Limited is a private company limited by shares incorporated in England and Wales. The registered office is 4 Victoria Square, St Albans, Hertfordshire, AL1 3TF.

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 financial statements are prepared in Euros. which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest Euro.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

Atruet the time of approving the financial statements, the directors have a reasonable expectation that the company 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.

1.3
Fixed asset investments

Fixed asset investments are stated at cost.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.

Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.

1.4
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.5
Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments issues ' of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Winocap Holding Limited
Notes to the Financial Statements (Continued)
For the year ended 31 December 2023
1
Accounting policies
(Continued)
Page 3
Basic financial assets

The company only has basic financial instruments measured at amortised cost, with no financial instruments classified as other, or basic financial instruments measured at fair value.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

 

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

 

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.6
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.7
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

1.8

Fixed asset investments

Fixed asset investments are stated at cost

1.9

Foreign currency translation

 

The financial statements are stated in euros (€) and are translated at a rate of 1.1528 to the £.

Monetary assets and liabilities denominated in foreign currencies are translated into euros (€) at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.

Winocap Holding Limited
Notes to the Financial Statements (Continued)
For the year ended 31 December 2023
Page 4
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
4
4
3
Dividends
2023
2022
Interim paid
1,749,776
1,394,892
4
Fixed asset investments
2023
2022
Investments
10,253,225
10,253,225
Movements in fixed asset investments
Investments other than loans
Cost or valuation
At 1 January 2023 & 31 December 2023
10,253,225
Carrying amount
At 31 December 2023
10,253,225
At 31 December 2022
10,253,225
Winocap Holding Limited
Notes to the Financial Statements (Continued)
For the year ended 31 December 2023
Page 5
5
Significant undertakings

The company also has significant holdings in undertakings which are not consolidated:

Name of undertaking and country of
Nature of business
Class of
% Held
incorporation or residency
shareholding
Direct
Indirect
Groupe Windsor SAS
France
Real estate promotion
Ordinary
49.94
-
The aggregate capital and reserves and the result for the year of significant undertakings noted above was as follows:
Name of undertaking
Profit/(Loss)
Capital and Reserves
Groupe Windsor SAS
8,987,581
6,744,152
6
Debtors
2023
2022
Amounts falling due within one year:
Other debtors
-
1,305
7
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
37
-
0
Accruals and deferred income
10,920
9,397
10,957
9,397
8
Called up share capital
2023
2022
Ordinary share capital
Issued and fully paid
100 Ordinary shares of £1 each
127
127
99,880 Ordinary shares of €100 each
9,988,000
9,988,000
9,988,127
9,988,127
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