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REGISTERED NUMBER: 11975753 (England and Wales)





UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

NOBLE ROT FINE WINE LIMITED

NOBLE ROT FINE WINE LIMITED (REGISTERED NUMBER: 11975753)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


NOBLE ROT FINE WINE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: E Johnstone
P F H Stephens
S A Moss





REGISTERED OFFICE: The Priory
19 Pasture Lane
Knipton
Grantham
NG32 1RF





REGISTERED NUMBER: 11975753 (England and Wales)





ACCOUNTANTS: Martin and Company
25 St Thomas Street
Winchester
Hampshire
SO23 9HJ

NOBLE ROT FINE WINE LIMITED (REGISTERED NUMBER: 11975753)

BALANCE SHEET
30 APRIL 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 117,516 153,845
Tangible assets 5 33,604 6,957
Investments 6 4,000 6,000
155,120 166,802

CURRENT ASSETS
Stocks 290,698 157,124
Debtors 7 139,256 199,175
Cash at bank 211,411 161,716
641,365 518,015
CREDITORS
Amounts falling due within one year 8 606,864 542,825
NET CURRENT ASSETS/(LIABILITIES) 34,501 (24,810 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

189,621

141,992

CREDITORS
Amounts falling due after more than one
year

9

28,514

34,970
NET ASSETS 161,107 107,022

CAPITAL AND RESERVES
Called up share capital 222 200
Share premium 200,000 100,000
Retained earnings (39,115 ) 6,822
161,107 107,022

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

NOBLE ROT FINE WINE LIMITED (REGISTERED NUMBER: 11975753)

BALANCE SHEET - continued
30 APRIL 2024


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

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 30 January 2025 and were signed on its behalf by:





E Johnstone - Director


NOBLE ROT FINE WINE LIMITED (REGISTERED NUMBER: 11975753)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024


1. STATUTORY INFORMATION

Noble Rot Fine Wine Limited 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.

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.

Turnover
Turnover is the revenue generated from sales of wine to clients, commission from purchases and sales of wine on behalf of clients and management fees charged to clients. Revenue is only taken into account in respect of sales to clients once firm commitments have been entered into by both suppliers and customers.

Goodwill
Goodwill, being paid in connection with the purchase of a business in the period ending 30th April 2020, is being amortised evenly over its estimated useful life.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on cost
Computer equipment - 33% on cost

Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

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.


NOBLE ROT FINE WINE LIMITED (REGISTERED NUMBER: 11975753)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


2. ACCOUNTING POLICIES - continued
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.

Investments
Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2023
and 30 April 2024 254,300
AMORTISATION
At 1 May 2023 100,455
Charge for year 36,329
At 30 April 2024 136,784
NET BOOK VALUE
At 30 April 2024 117,516
At 30 April 2023 153,845

NOBLE ROT FINE WINE LIMITED (REGISTERED NUMBER: 11975753)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2023 22,704
Additions 37,471
At 30 April 2024 60,175
DEPRECIATION
At 1 May 2023 15,747
Charge for year 10,824
At 30 April 2024 26,571
NET BOOK VALUE
At 30 April 2024 33,604
At 30 April 2023 6,957

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 May 2023
and 30 April 2024 10,000
PROVISIONS
At 1 May 2023 4,000
Provision for year 2,000
At 30 April 2024 6,000
NET BOOK VALUE
At 30 April 2024 4,000
At 30 April 2023 6,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 96,706 146,867
Other debtors 42,550 52,308
139,256 199,175

NOBLE ROT FINE WINE LIMITED (REGISTERED NUMBER: 11975753)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 6,375 5,196
Trade creditors 300,555 223,035
Taxation and social security 7,701 18,191
Other creditors 292,233 296,403
606,864 542,825

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Bank loans 28,514 34,970

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 23,105 12,142