Wine Matters Limited 05060728 true 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is that of corporate wine tasting and drinks consultancy to hotels and restaurants Digita Accounts Production Advanced 6.30.9574.0 true Mr Richard Galfrid Gregory Congreve Mrs Kara Jane Congreve true 05060728 2023-04-01 2024-03-31 05060728 2024-03-31 05060728 bus:OrdinaryShareClass1 2024-03-31 05060728 core:RetainedEarningsAccumulatedLosses 2024-03-31 05060728 core:ShareCapital 2024-03-31 05060728 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 05060728 core:FurnitureFittingsToolsEquipment 2024-03-31 05060728 bus:FRS102 2023-04-01 2024-03-31 05060728 bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 05060728 bus:FullAccounts 2023-04-01 2024-03-31 05060728 bus:RegisteredOffice 2023-04-01 2024-03-31 05060728 bus:Director1 2023-04-01 2024-03-31 05060728 bus:Director2 2023-04-01 2024-03-31 05060728 bus:OrdinaryShareClass1 2023-04-01 2024-03-31 05060728 bus:EntityHasNeverTraded 2023-04-01 2024-03-31 05060728 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 05060728 core:FurnitureFittings 2023-04-01 2024-03-31 05060728 countries:EnglandWales 2023-04-01 2024-03-31 05060728 2023-03-31 05060728 core:FurnitureFittingsToolsEquipment 2023-03-31 05060728 2023-03-31 05060728 bus:OrdinaryShareClass1 2023-03-31 05060728 core:RetainedEarningsAccumulatedLosses 2023-03-31 05060728 core:ShareCapital 2023-03-31 05060728 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 05060728

Wine Matters Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2024

 

Wine Matters Limited

(Registration number: 05060728)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Current assets

 

Cash at bank and in hand

 

382

382

Creditors: Amounts falling due within one year

5

(21,893)

(21,893)

Net liabilities

 

(21,511)

(21,511)

Capital and reserves

 

Called up share capital

6

100

100

Retained earnings

(21,611)

(21,611)

Shareholders' deficit

 

(21,511)

(21,511)

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Directors' 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 directors acknowledge their 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.

Approved and authorised by the Board on 2 December 2024 and signed on its behalf by:
 

.........................................
Mrs Kara Jane Congreve
Director

 

Wine Matters Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 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

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.

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

Fixture and fittings

33.3% straight line 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.

 

Wine Matters Limited

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

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.

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

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 April 2023

1,893

1,893

At 31 March 2024

1,893

1,893

Depreciation

At 1 April 2023

1,893

1,893

At 31 March 2024

1,893

1,893

Carrying amount

At 31 March 2024

-

-

 

Wine Matters Limited

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

4

Cash and cash equivalents

2024
£

2023
£

Cash at bank

382

382

5

Creditors

2024
£

2023
£

Due within one year

Other payables

21,143

21,143

Accruals

750

750

21,893

21,893

6

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100