Silverfin false false 30/06/2024 01/07/2023 30/06/2024 S W Fearnhead 08 January 2025 The principal activity of The Meat and Wine Company (UK) Limited ("the Company") is the provision of management services to restaurants. 06530361 2024-06-30 06530361 core:CurrentFinancialInstruments 2024-06-30 06530361 core:CurrentFinancialInstruments 2023-06-30 06530361 2023-06-30 06530361 core:ShareCapital 2024-06-30 06530361 core:ShareCapital 2023-06-30 06530361 core:RetainedEarningsAccumulatedLosses 2024-06-30 06530361 core:RetainedEarningsAccumulatedLosses 2023-06-30 06530361 bus:OrdinaryShareClass1 2024-06-30 06530361 2023-07-01 2024-06-30 06530361 bus:FilletedAccounts 2023-07-01 2024-06-30 06530361 bus:SmallEntities 2023-07-01 2024-06-30 06530361 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 06530361 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 06530361 bus:Director1 2023-07-01 2024-06-30 06530361 2022-07-01 2023-06-30 06530361 bus:OrdinaryShareClass1 2023-07-01 2024-06-30 06530361 bus:OrdinaryShareClass1 2022-07-01 2023-06-30 iso4217:GBP xbrli:pure xbrli:shares

Company No: 06530361 (England and Wales)

THE MEAT AND WINE COMPANY (UK) LIMITED

Unaudited Financial Statements
For the financial year ended 30 June 2024
Pages for filing with the registrar

THE MEAT AND WINE COMPANY (UK) LIMITED

Unaudited Financial Statements

For the financial year ended 30 June 2024

Contents

THE MEAT AND WINE COMPANY (UK) LIMITED

STATEMENT OF FINANCIAL POSITION

As at 30 June 2024
THE MEAT AND WINE COMPANY (UK) LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 30 June 2024
Note 2024 2023
£ £
Current assets
Debtors 3 85,579 110,585
Cash at bank and in hand 28,316 195,712
113,895 306,297
Creditors: amounts falling due within one year 4 ( 346,569) ( 564,306)
Net current liabilities (232,674) (258,009)
Total assets less current liabilities (232,674) (258,009)
Net liabilities ( 232,674) ( 258,009)
Capital and reserves
Called-up share capital 5 1 1
Profit and loss account ( 232,675 ) ( 258,010 )
Total shareholder's deficit ( 232,674) ( 258,009)

For the financial year ending 30 June 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 financial statements of The Meat and Wine Company (UK) Limited (registered number: 06530361) were approved and authorised for issue by the Director. They were signed on its behalf by:

S W Fearnhead
Director

08 January 2025

THE MEAT AND WINE COMPANY (UK) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2024
THE MEAT AND WINE COMPANY (UK) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 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

The Meat and Wine Company (UK) 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 Badgers Wood Kiln Lane, Farley Hill, Reading, RG7 1XG, United Kingdom.

The financial statements have been prepared under the historical cost convention, and in accordance with Section 1A of Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ (FRS 102) 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 £.

Going concern

The financial statements have been prepared on the going concern basis, which assumes that the Company will continue to trade for at least 12 months from the date of approval of these financial statements, and will be able to meet its liabilities as they fall due.

The Company is reliant on support from a fellow related party included in creditors. The directors have confirmed that the funds will not be withdrawn and support will continue for a period at least 12 months from the date of approval of these financial statements.

Turnover

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue comprises management services supplied to a restaurant net of Value Added Tax; and retrospective discounts receivable as part of the management function based on a percentage of purchases made by the restaurant.

Financial instruments

The Company only enters into basic financial instruments and transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to and from related parties and investments in non-puttable ordinary shares.

Financial assets
Basic financial assets, including trade and other debtors, and amounts due from related companies, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Such assets are subsequently carried at amortised cost using the effective interest method.

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in the Statement of Income and Retained Earnings.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

Financial liabilities
Basic financial liabilities, including trade and other creditors and accruals, 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 receipts discounted at a market rate of interest.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors 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.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Offsetting

Financial assets and liabilities are offset and 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.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the company during the year, including the director 1 1

3. Debtors

2024 2023
£ £
Trade debtors 75,876 97,432
Other debtors 9,703 13,153
85,579 110,585

4. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 342,819 560,731
Other creditors 3,750 3,575
346,569 564,306

5. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
1 Ordinary share of £ 1.00 1 1

6. Related party transactions

Other related party transactions

Included within administration expenses are costs of £182,089 (2023: £165,217) from a company with common shareholders. Included within creditors is a balance of £342,819 (2023: £560,731) due to this company. This balance is unsecured and interest free with no fixed repayment terms.

Amounts of £15,064 included in Legal and professional fees were paid to the directors of the company.

7. Ultimate controlling party

The ultimate controlling party during the year was I K Tomazos by virtue of shareholdings.