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REGISTERED NUMBER: 01916348 (England and Wales)















COOMBE CASTLE FINE WINES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024






COOMBE CASTLE FINE WINES LIMITED (REGISTERED NUMBER: 01916348)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

COOMBE CASTLE FINE WINES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTORS: I M Laing
H A Laing
B Leroux





REGISTERED OFFICE: 6-7 Citibase, New Barclay House
234 Botley Road
Oxford
Oxon
OX2 0HP





REGISTERED NUMBER: 01916348 (England and Wales)





ACCOUNTANTS: Mercer Lewin Ltd
Chartered Accountants
6-7 Citibase
New Barclay House
234 Botley Road
Oxford
OX2 0HP

COOMBE CASTLE FINE WINES LIMITED (REGISTERED NUMBER: 01916348)

BALANCE SHEET
31 JULY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,757,242 1,757,242

CURRENT ASSETS
Stocks 5,087 4,270
Debtors 5 2,151 5,008
Cash at bank 64,426 99,452
71,664 108,730
CREDITORS
Amounts falling due within one year 6 361,766 432,105
NET CURRENT LIABILITIES (290,102 ) (323,375 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,467,140

1,433,867

CREDITORS
Amounts falling due after more than one
year

7

(168,597

)

(206,606

)

PROVISIONS FOR LIABILITIES (165,892 ) (165,892 )
NET ASSETS 1,132,651 1,061,369

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Undistributable reserve 1,118,643 1,118,643
Retained earnings 13,008 (58,274 )
1,132,651 1,061,369

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

COOMBE CASTLE FINE WINES LIMITED (REGISTERED NUMBER: 01916348)

BALANCE SHEET - continued
31 JULY 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 10 March 2025 and were signed on its behalf by:





H A Laing - Director


COOMBE CASTLE FINE WINES LIMITED (REGISTERED NUMBER: 01916348)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1. STATUTORY INFORMATION

Coombe Castle Fine Wines 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.

SIGNIFICANT JUDGEMENTS AND ESTIMATES
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

There are no judgements that are deemed to have had a significant effect on amounts recognised in the financial statements.

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
Tangible assets are initially recorded at cost, and subsequently stated at cost less any
accumulated depreciation and impairment losses. Any tangible assets carried at revalued
amounts are recorded at the fair value at the date of revaluation less any subsequent
accumulated depreciation and subsequent accumulated impairment losses.

An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other
comprehensive income and accumulated in equity, except to the extent it reverses a revaluation
decrease of the same asset previously recognised in profit or loss. A decrease in the carrying
amount of an asset as a result of revaluation, is recognised in other comprehensive income to the
extent of any previously recognised revaluation increase accumulated in equity in respect of that
asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in
equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual
value, over the useful economic life of that asset as follows:

Plant and equipment - 12% straight line

During the year to 31 December 2017 the Freehold Property comprising a Vineyard was revalued
by the directors as in the opinion of the directors this provides a more reliable value of the asset
held. The increase in value is reflected in note 5 of the Financial Statements. No depreciation is
provided on the tangible fixed asset of the Vineyard as in the the opinion of the directors the asset
is not reducing in value and as such any depreciation would be insignificant. Below is a summary of the original cost and revaluation:

£

Original purchase cost472,707
Revaluation in December 20171,284,535
Total carrying cost per Note 51,757,242

COOMBE CASTLE FINE WINES LIMITED (REGISTERED NUMBER: 01916348)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

2. ACCOUNTING POLICIES - continued

STOCKS
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

FINANCIAL INSTRUMENTS
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

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.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST
At 1 August 2023
and 31 July 2024 1,757,242
NET BOOK VALUE
At 31 July 2024 1,757,242
At 31 July 2023 1,757,242

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 2,151 5,008

COOMBE CASTLE FINE WINES LIMITED (REGISTERED NUMBER: 01916348)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 33,702 34,417
Trade creditors 7,726 3,446
Amounts owed to group undertakings 304,554 388,440
Taxation and social security 14,084 4,102
Other creditors 1,700 1,700
361,766 432,105

Bank loans totalling £202,299 (2023: £241,023) are secured by a first charge over the land and
buildings and incur interest at 2.6%.

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 168,597 206,606

8. ULTIMATE CONTROLLING PARTY

The company's ultimate holding company is Wardsend Limited, a company registered in England and Wales which owns 90% of the shares. The financial statements of Wardsend Limited are available from 6-7 Citibase, New Barclay House, 234 Botley Road, Oxford, OX2 0HP.

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
COOMBE CASTLE FINE WINES LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Coombe Castle Fine Wines Limited for the year ended 31 July 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Coombe Castle Fine Wines Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Coombe Castle Fine Wines Limited and state those matters that we have agreed to state to the Board of Directors of Coombe Castle Fine Wines Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Coombe Castle Fine Wines Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Coombe Castle Fine Wines Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Coombe Castle Fine Wines Limited. You consider that Coombe Castle Fine Wines Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Coombe Castle Fine Wines Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Mercer Lewin Ltd
Chartered Accountants
6-7 Citibase
New Barclay House
234 Botley Road
Oxford
OX2 0HP


10 March 2025