Silverfin false false 31/03/2024 01/04/2023 31/03/2024 Jorik Driesen 26/04/2022 Ruth Vince-Driesen 26/04/2022 29 July 2024 The principal activity of the Company during the financial year was to act as a holding company. 14068814 2024-03-31 14068814 bus:Director1 2024-03-31 14068814 bus:Director2 2024-03-31 14068814 2023-03-31 14068814 core:CurrentFinancialInstruments 2024-03-31 14068814 core:CurrentFinancialInstruments 2023-03-31 14068814 core:Non-currentFinancialInstruments 2024-03-31 14068814 core:Non-currentFinancialInstruments 2023-03-31 14068814 core:ShareCapital 2024-03-31 14068814 core:ShareCapital 2023-03-31 14068814 core:RetainedEarningsAccumulatedLosses 2024-03-31 14068814 core:RetainedEarningsAccumulatedLosses 2023-03-31 14068814 core:CostValuation 2023-03-31 14068814 core:CostValuation 2024-03-31 14068814 bus:OrdinaryShareClass1 2024-03-31 14068814 2023-04-01 2024-03-31 14068814 bus:FilletedAccounts 2023-04-01 2024-03-31 14068814 bus:SmallEntities 2023-04-01 2024-03-31 14068814 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 14068814 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 14068814 bus:Director1 2023-04-01 2024-03-31 14068814 bus:Director2 2023-04-01 2024-03-31 14068814 2022-04-01 2023-03-31 14068814 core:Non-currentFinancialInstruments 2023-04-01 2024-03-31 14068814 bus:OrdinaryShareClass1 2023-04-01 2024-03-31 14068814 bus:OrdinaryShareClass1 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 14068814 (England and Wales)

REGENCY WINES HOLDINGS LIMITED

Unaudited Financial Statements
For the financial year ended 31 March 2024
Pages for filing with the registrar

REGENCY WINES HOLDINGS LIMITED

Unaudited Financial Statements

For the financial year ended 31 March 2024

Contents

REGENCY WINES HOLDINGS LIMITED

STATEMENT OF FINANCIAL POSITION

As at 31 March 2024
REGENCY WINES HOLDINGS LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 March 2024
Note 2024 2023
£ £
Fixed assets
Investments 3 854,250 854,250
854,250 854,250
Creditors: amounts falling due within one year 4 ( 606,867) ( 517,645)
Net current liabilities (606,867) (517,645)
Total assets less current liabilities 247,383 336,605
Creditors: amounts falling due after more than one year 5 ( 243,623) ( 335,605)
Net assets 3,760 1,000
Capital and reserves
Called-up share capital 6 1,000 1,000
Profit and loss account 2,760 0
Total shareholders' funds 3,760 1,000

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

Directors' responsibilities:

The financial statements of Regency Wines Holdings Limited (registered number: 14068814) were approved and authorised for issue by the Board of Directors on 29 July 2024. They were signed on its behalf by:

Jorik Driesen
Director
REGENCY WINES HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
REGENCY WINES HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Regency Wines Holdings Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 22 Apple Lane, Sowton Industrial Estate, Exeter, EX2 5GL, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

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.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Fixed asset investments

Other investments Total
£ £
Cost or valuation before impairment
At 01 April 2023 854,250 854,250
At 31 March 2024 854,250 854,250
Carrying value at 31 March 2024 854,250 854,250
Carrying value at 31 March 2023 854,250 854,250

4. Creditors: amounts falling due within one year

2024 2023
£ £
Amounts owed to Group undertakings 456,719 371,598
Taxation and social security 1,116 0
Other creditors 149,032 146,047
606,867 517,645

5. Creditors: amounts falling due after more than one year

2024 2023
£ £
Other creditors 243,623 335,605

There are no amounts included above in respect of which any security has been given by the small entity.

6. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
1,000 Ordinary shares of £ 1.00 each 1,000 1,000

7. Related party transactions

As the parent company of Regency Wines Limited, (Registered office: 22 Apple Lane, Sowton Industrial Estate, Exeter, Devon, England, EX2 5GL), the company has taken advantage of the exemption in paragraph 1AC.35 of FRS102 in not disclosing intra group transactions where 100% of the voting rights are controlled within the group.