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REGISTERED NUMBER: 07953412 (England and Wales)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

Holmfirth Vineyard Ltd

Holmfirth Vineyard Ltd (Registered number: 07953412)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Holmfirth Vineyard Ltd

Company Information
for the Year Ended 29 February 2024







DIRECTORS: Mr. I J Sheveling
Mrs. R E Sheveling





REGISTERED OFFICE: Holmfirth Vineyard
Woodhouse Lane
Holmbridge
Holmfirth
West Yorkshire
HD9 2QR





REGISTERED NUMBER: 07953412 (England and Wales)





ACCOUNTANTS: Crowther Chartered Accountants
Abacus House
Pennine Business Park
Longbow Close
Huddersfield
West Yorkshire
HD2 1GQ

Holmfirth Vineyard Ltd (Registered number: 07953412)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £ £ £ £
FIXED ASSETS
Intangible assets 4 885 1,180
Tangible assets 5 817,042 867,659
817,927 868,839

CURRENT ASSETS
Stocks 6 46,475 42,250
Debtors 7 339,488 294,937
Cash at bank and in hand 19,194 15,447
405,157 352,634
CREDITORS
Amounts falling due within one year 8 741,231 687,612
NET CURRENT LIABILITIES (336,074 ) (334,978 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

481,853

533,861

CREDITORS
Amounts falling due after more than one
year

9

(64,497

)

(135,557

)

PROVISIONS FOR LIABILITIES (52,021 ) (40,858 )
NET ASSETS 365,335 357,446

CAPITAL AND RESERVES
Called up share capital 100,002 100,002
Retained earnings 12 265,333 257,444
SHAREHOLDERS' FUNDS 365,335 357,446

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

Holmfirth Vineyard Ltd (Registered number: 07953412)

Balance Sheet - continued
29 February 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 17 February 2025 and were signed on its behalf by:




Mr. I J Sheveling - Director



Mrs. R E Sheveling - Director


Holmfirth Vineyard Ltd (Registered number: 07953412)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Holmfirth Vineyard 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.

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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of ten years.

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.

Website development is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Vineyard - 2% on reducing balance
Short leasehold - 2% on cost
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 20% on cost
Computer equipment - 33% on cost

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

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.


Holmfirth Vineyard Ltd (Registered number: 07953412)

Notes to the Financial Statements - continued
for the Year Ended 29 February 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 36 (2023 - 34 ) .

4. INTANGIBLE FIXED ASSETS
Website
Goodwill development Totals
£ £ £
COST
At 1 March 2023
and 29 February 2024 35,000 2,950 37,950
AMORTISATION
At 1 March 2023 35,000 1,770 36,770
Amortisation for year - 295 295
At 29 February 2024 35,000 2,065 37,065
NET BOOK VALUE
At 29 February 2024 - 885 885
At 28 February 2023 - 1,180 1,180

Holmfirth Vineyard Ltd (Registered number: 07953412)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

5. TANGIBLE FIXED ASSETS
Short Plant and
Vineyard leasehold machinery
£ £ £
COST
At 1 March 2023 122,249 519,456 154,653
Additions 3,315 17,232 3,335
At 29 February 2024 125,564 536,688 157,988
DEPRECIATION
At 1 March 2023 14,871 70,663 51,524
Charge for year 2,154 10,659 10,407
At 29 February 2024 17,025 81,322 61,931
NET BOOK VALUE
At 29 February 2024 108,539 455,366 96,057
At 28 February 2023 107,378 448,793 103,129

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£ £ £ £
COST
At 1 March 2023 228,719 186,085 17,739 1,228,901
Additions 2,542 - 703 27,127
At 29 February 2024 231,261 186,085 18,442 1,256,028
DEPRECIATION
At 1 March 2023 157,691 51,352 15,141 361,242
Charge for year 18,152 34,806 1,566 77,744
At 29 February 2024 175,843 86,158 16,707 438,986
NET BOOK VALUE
At 29 February 2024 55,418 99,927 1,735 817,042
At 28 February 2023 71,028 134,733 2,598 867,659

6. STOCKS
29.2.24 28.2.23
£ £
Stocks 46,475 42,250

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£ £
Trade debtors 13,000 13,000
Other debtors 317,196 274,592
Prepayments 9,292 7,345
339,488 294,937

Holmfirth Vineyard Ltd (Registered number: 07953412)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£ £
Bank loans and overdrafts (see note 10) 72,968 62,500
Hire purchase contracts 8,556 8,003
Trade creditors 33,379 54,851
Tax 57,664 3,612
Social security and other tax 22,551 16,898
VAT 160,709 138,940
Other creditors 107,668 181,882
Wages control 2,611 -
Pension fund - 1,116
Directors' loan accounts 275,125 219,810
741,231 687,612

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.2.24 28.2.23
£ £
Bank loans (see note 10) 36,454 98,958
Hire purchase contracts 28,043 36,599
64,497 135,557

10. LOANS

An analysis of the maturity of loans is given below:

29.2.24 28.2.23
£ £
Amounts falling due within one year or on demand:
Bank overdrafts 10,468 -
Bank loans 62,500 62,500
72,968 62,500

Amounts falling due between one and two years:
Bank loans - 1-2 years 36,454 98,958

11. SECURED DEBTS

The following secured debts are included within creditors:

29.2.24 28.2.23
£ £
Bank overdraft 10,468 -
Bank loans 98,954 161,458
Hire purchase contracts 36,599 44,602
146,021 206,060

Holmfirth Vineyard Ltd (Registered number: 07953412)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

12. RESERVES
Retained
earnings
£

At 1 March 2023 257,444
Profit for the year 82,889
Dividends (75,000 )
At 29 February 2024 265,333

13. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included within creditors: amounts falling due within one year is £275,125 (2023 - £219,810) of a loan from the director. The loan is interest free and repayable on demand.

14. ULTIMATE CONTROLLING PARTY

The controlling party is Mr. I J Sheveling.