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REGISTERED NUMBER: 09307058 (England and Wales)












AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

PREMIUM VINEYARD COMPANY UK LTD

PREMIUM VINEYARD COMPANY UK LTD (REGISTERED NUMBER: 09307058)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 30 November 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


PREMIUM VINEYARD COMPANY UK LTD

COMPANY INFORMATION
for the year ended 30 November 2023







DIRECTORS: Mr M P J F Perrin
Mr M P M J Perrin





REGISTERED OFFICE: 19-20 Bourne Court
Southend Road
Woodford Green
Essex
IG8 8HD





REGISTERED NUMBER: 09307058 (England and Wales)





AUDITORS: Raffingers LLP, Statutory Auditor
19-20 Bourne Court
Southend Road
Woodford Green
Essex
IG8 8HD

PREMIUM VINEYARD COMPANY UK LTD (REGISTERED NUMBER: 09307058)

ABRIDGED BALANCE SHEET
30 November 2023

2023 2022
as restated
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 12,381 10,286
Investments 5 53,281 53,281
65,662 63,567

CURRENT ASSETS
Stocks 52,815 103,815
Debtors 3,875,993 3,725,689
Cash at bank 6,766,259 5,145,794
10,695,067 8,975,298
CREDITORS
Amounts falling due within one year 3,227,130 2,901,294
NET CURRENT ASSETS 7,467,937 6,074,004
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,533,599

6,137,571

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 7,533,598 6,137,570
SHAREHOLDERS' FUNDS 7,533,599 6,137,571

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30 November 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 January 2025 and were signed on its behalf by:





Mr M P J F Perrin - Director


PREMIUM VINEYARD COMPANY UK LTD (REGISTERED NUMBER: 09307058)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 November 2023

1. STATUTORY INFORMATION

Premium Vineyard Company UK Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Critical accounting judgements and key sources of estimation uncertainty
Estimates and judgments are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The items in the financial statements where these judgements and estimates have been made include:

- the provision required for any bad or doubtful debts.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

Investments in subsidiaries and associates
Investments in subsidiary and associate undertakings are recognised at cost.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Basic financial assets, including trade and other receivables and cash and bank balances 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.

Basic financial liabilities, including trade and other payables, 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 receipts discounted at a market rate of interest

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


PREMIUM VINEYARD COMPANY UK LTD (REGISTERED NUMBER: 09307058)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 November 2023

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 5 ) .

PREMIUM VINEYARD COMPANY UK LTD (REGISTERED NUMBER: 09307058)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 November 2023

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 December 2022 20,857
Additions 6,223
At 30 November 2023 27,080
DEPRECIATION
At 1 December 2022 10,571
Charge for year 4,128
At 30 November 2023 14,699
NET BOOK VALUE
At 30 November 2023 12,381
At 30 November 2022 10,286

5. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST OR VALUATION
At 1 December 2022
and 30 November 2023 53,154
NET BOOK VALUE
At 30 November 2023 53,154
At 30 November 2022 53,154

Cost or valuation at 30 November 2023 is represented by:
Totals
£   
Cost 53,154

Investments (neither listed nor unlisted) were as follows:
2023 2022
as restated
£    £   
Other investments 127 127

6. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Barry Soraff (Senior Statutory Auditor)
for and on behalf of Raffingers LLP, Statutory Auditor

PREMIUM VINEYARD COMPANY UK LTD (REGISTERED NUMBER: 09307058)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 November 2023

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 November 2023 and 30 November 2022:

2023 2022
as restated
£    £   
Mr M P J F Perrin
Balance outstanding at start of year 110 110
Amounts advanced 674 110
Amounts repaid (110 ) (110 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 674 110

Mr M P M J Perrin
Balance outstanding at start of year 5,948 1,262
Amounts advanced 5,948 5,948
Amounts repaid (5,948 ) (1,262 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 5,948 5,948

8. RELATED PARTY DISCLOSURES

At the balance sheet date, the company owed £474 (2022 - £474) to Veritable Negociant GmBH, a company incorporated in Germany and connected by virtue of common directors and shareholders.

9. FRC ETHICAL STANDARD - PROVISIONS AVAILABLE FOR SMALL ENTITIES

In common with many other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.

10. AUDITOR LIABILITY LIMITATION AGREEMENT

The company has entered into a liability limitation agreement with Raffingers, the statutory auditor, in respect of the statutory audit for the year ended 30 November 2023. The proportionate liability agreement follows the standard terms in appendix B to the Financial Reporting Councils' June 2008 Guidance on Auditor Liability Agreements and as approved by the members on 12 September 2024.

11. ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary undertaking of Perrin & Fils SAS, a company incorporated and domiciled in France.

12. CAPITAL COMMITMENTS

The company had no capital commitment at 30 November 2023 and 30 November 2022.

13. CONTINGENT LIABILITIES

There were no contingent liabilities at either the beginning or the end of the financial year.