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HORSEGUARDS LONDON DRY GIN LIMITED

Registered Number
10886259
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2023

HORSEGUARDS LONDON DRY GIN LIMITED
Company Information
for the year from 1 January 2023 to 31 December 2023

Directors

FITZJOHN, Gordon Charles
MCCARTHY, Paul Brian
RENDELL, Simon

Registered Address

Clyde House
Reform Road
Maidenhead
SL6 8BY

Registered Number

10886259 (England and Wales)
HORSEGUARDS LONDON DRY GIN LIMITED
Balance Sheet as at
31 December 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Intangible assets34,0366,463
Tangible assets42851,035
4,3217,498
Current assets
Stocks5503,639447,749
Debtors115,184126,878
Cash at bank and on hand14,40112,215
633,224586,842
Creditors amounts falling due within one year6(338,999)(274,782)
Net current assets (liabilities)294,225312,060
Total assets less current liabilities298,546319,558
Creditors amounts falling due after one year7(22,900)(22,900)
Net assets275,646296,658
Capital and reserves
Called up share capital1,5271,338
Share premium873,394777,319
Revaluation reserve225,000225,000
Profit and loss account(824,275)(706,999)
Shareholders' funds275,646296,658
The financial statements were approved and authorised for issue by the Board of Directors on 11 October 2024, and are signed on its behalf by:
MCCARTHY, Paul Brian
Director
Registered Company No. 10886259
HORSEGUARDS LONDON DRY GIN LIMITED
Notes to the Financial Statements
for the year ended 31 December 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Intangible assets
Other intangible assets represent website development and trademark costs. They are amortised to profit and loss account over their estimated economic life of seven years.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Straight line (years)
Plant and machinery5
Fixtures and fittings10
Vehicles4
Office Equipment5
Stocks and work in progress
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
2.Average number of employees

20232022
Average number of employees during the year44
3.Intangible assets

Other

Total

££
Cost or valuation
At 01 January 2318,22718,227
At 31 December 2318,22718,227
Amortisation and impairment
At 01 January 2311,76411,764
Charge for year2,4272,427
At 31 December 2314,19114,191
Net book value
At 31 December 234,0364,036
At 31 December 226,4636,463
4.Tangible fixed assets

Office Equipment

Total

££
Cost or valuation
At 01 January 234,0004,000
At 31 December 234,0004,000
Depreciation and impairment
At 01 January 232,9652,965
Charge for year750750
At 31 December 233,7153,715
Net book value
At 31 December 23285285
At 31 December 221,0351,035
5.Stocks

2023

2022

££
Finished goods503,639447,749
Total503,639447,749
6.Creditors: amounts due within one year

2023

2022

££
Trade creditors / trade payables17,96237,104
Bank borrowings and overdrafts306,704225,461
Taxation and social security6,3645,060
Other creditors7,9697,157
Total338,999274,782
7.Creditors: amounts due after one year

2023

2022

££
Bank borrowings and overdrafts22,90022,900
Total22,90022,900