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REGISTERED NUMBER: 08366914 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024

FOR

THE TASTING ROOM LIMITED

THE TASTING ROOM LIMITED (REGISTERED NUMBER: 08366914)






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


THE TASTING ROOM LIMITED

COMPANY INFORMATION
for the Year Ended 30 April 2024







DIRECTOR: J L Crouch





REGISTERED OFFICE: 36a Station Road
New Milton
Hampshire
BH25 6JX





REGISTERED NUMBER: 08366914 (England and Wales)





ACCOUNTANTS: David Shores & Co Ltd
36a Station Road
New Milton
Hampshire
BH25 6JX

THE TASTING ROOM LIMITED (REGISTERED NUMBER: 08366914)

BALANCE SHEET
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 22,855 29,540

CURRENT ASSETS
Stocks 16,560 23,850
Debtors 5 5,374 7,480
Investments 6 200,000 -
Cash at bank and in hand 159,158 385,017
381,092 416,347
CREDITORS
Amounts falling due within one year 7 108,140 123,078
NET CURRENT ASSETS 272,952 293,269
TOTAL ASSETS LESS CURRENT
LIABILITIES

295,807

322,809

CREDITORS
Amounts falling due after more than one
year

8

(17,055

)

(21,320

)

PROVISIONS FOR LIABILITIES (5,714 ) (7,385 )
NET ASSETS 273,038 294,104

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 272,938 294,004
SHAREHOLDERS' FUNDS 273,038 294,104

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 director acknowledges his 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.

THE TASTING ROOM LIMITED (REGISTERED NUMBER: 08366914)

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 31 January 2025 and were signed by:





J L Crouch - Director


THE TASTING ROOM LIMITED (REGISTERED NUMBER: 08366914)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

The Tasting Room 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 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:

Improvements to property - 10 years straight line
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% reducing balance

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
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities and include trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties.

Financial assets are measured at cost and amortized cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognized in the income statement.

Basic financial liabilities are initially measured at transaction price and subsequently measured at amortized cost, being the transaction price less any amounts settled.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.


THE TASTING ROOM LIMITED (REGISTERED NUMBER: 08366914)

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Government grants
Revenue grants are recognized on an accrual's basis over the periods in which the company recognizes the related costs.

Employment benefits
The costs of short-term employee benefits are recognized as a liability and an expense, unless those costs are required to be recognized as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognized in the period in which the employee's services are received.

Termination benefits are recognized immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

Provisions
Provisions (i.e. liabilities of uncertain timing or amount) are recognized when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2023 - 12 ) .

THE TASTING ROOM LIMITED (REGISTERED NUMBER: 08366914)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 April 2024

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 May 2023
and 30 April 2024 22,814 1,638 18,858 37,964 81,274
DEPRECIATION
At 1 May 2023 22,814 632 12,865 15,423 51,734
Charge for year - 151 899 5,635 6,685
At 30 April 2024 22,814 783 13,764 21,058 58,419
NET BOOK VALUE
At 30 April 2024 - 855 5,094 16,906 22,855
At 30 April 2023 - 1,006 5,993 22,541 29,540

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 3,066 5,954
Other debtors 2,308 1,526
5,374 7,480

6. CURRENT ASSET INVESTMENTS
2024 2023
£    £   
Investment bond 200,000 -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 16,292 22,252
Hire purchase contracts 4,265 4,263
Trade creditors 20,876 22,550
Taxation and social security 17,022 36,594
Other creditors 49,685 37,419
108,140 123,078

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 17,055 21,320

THE TASTING ROOM LIMITED (REGISTERED NUMBER: 08366914)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 April 2024

9. TRANSACTIONS WITH DIRECTORS

During the year the company was in receipt of a loan from the director. The amount outstanding at the year end amounted to £47,167 (2023 - £36,182). No interest is payable on the loan and it is repayable on demand.

10. ULTIMATE CONTROLLING PARTY

The company is controlled by the director, J L Crouch, by virtue of his 100% shareholding.