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REGISTERED NUMBER: 03712632 (England and Wales)















Financial Statements for the Year Ended 30 June 2024

for

Codorniu UK Limited

Codorniu UK Limited (Registered number: 03712632)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Codorniu UK Limited

Company Information
for the Year Ended 30 June 2024







DIRECTOR: K J M Danes





SECRETARY: TLT Secretaries Limited





REGISTERED OFFICE: One Radcliff Street
Bristol
Avon
BS1 6TP





REGISTERED NUMBER: 03712632 (England and Wales)





AUDITORS: Deeks Evans Audit Services Limited
Statutory Auditor
First Floor, West Barn
North Frith Farm, Ashes Lane, Hadlow
Tonbridge
Kent
TN11 9QU

Codorniu UK Limited (Registered number: 03712632)

Balance Sheet
30 June 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Debtors 4 2,175,940 1,970,546
Cash at bank 460,288 453,038
2,636,228 2,423,584
CREDITORS
Amounts falling due within one year 5 552,165 484,435
NET CURRENT ASSETS 2,084,063 1,939,149
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,084,063

1,939,149

CAPITAL & RESERVES
Called up share capital 851,331 851,331
Retained earnings 1,232,732 1,087,818
2,084,063 1,939,149

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 director and authorised for issue on 11 February 2025 and were signed by:





K J M Danes - Director


Codorniu UK Limited (Registered number: 03712632)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Codorniu UK 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.

Before recognising revenue , the Company :

-identifies the contracts with customers.
-identifies the separate performance obligation.
-determines the contract transaction price.
-allocates the transaction price to the separate performance obligations .
-recognises revenue when each performance obligation is satisfied.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 4 ) .

4. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 712,120 510,144
Other debtors 13,820 10,402
725,940 520,546

Codorniu UK Limited (Registered number: 03712632)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

4. DEBTORS - continued
2024 2023
£    £   
Amounts falling due after more than one year:
Amounts owed by group undertakings 1,450,000 1,450,000

Aggregate amounts 2,175,940 1,970,546

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 378,072 356,777
Taxation & social security 120,068 116,766
Other creditors 54,025 10,892
552,165 484,435

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

The Report of the Auditors was unqualified.

R J Young (Senior Statutory Auditor)
for and behalf of Deeks Evans Audit Services Limited

7. RELATED PARTY DISCLOSURES

During the year the company purchased goods in the ordinary course of business from Codorniu S.A. , the immediate parent company , at a cost of £851,145 (2023: £905,831) and sold sold services in the ordinary course of business to Codorniu S.A. to the value of £711,195 (2023 :£816,459).

At the financial year end the following amounts were outstanding in respect of Codorniu S.A.:
Trade debtors £469,302 (2023: £177,923)
Other debtors £1,450,000 (2023: £1,450,000)
Trade creditors £323,988 (2023: £258,699)

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Unideco S.A. , a company incorporated in Spain.

Unideco S.A is the parent company of the largest and small group (The Raventos Codorniu Group ) of which the company is a member and for which consolidated financial statements are available .

The company's immediate parent undertaking is Codorniu S.A. , also incorporated in Spain . Consolidated financial statements for Codorniu S.A. are not publicly available.

The directors consider The Carlyle Group to be the ultimate controlling party.