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REGISTERED NUMBER: 10355386 (England and Wales)















LOKI WINES KNOWLE LTD

Unaudited Financial Statements for the Year Ended 30 June 2024






LOKI WINES KNOWLE LTD (REGISTERED NUMBER: 10355386)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LOKI WINES KNOWLE LTD

Company Information
for the Year Ended 30 June 2024







DIRECTOR: P K Innes





REGISTERED OFFICE: 59-61 Charlotte Street
St Pauls Square
Birmingham
West Midlands
B3 1PX





REGISTERED NUMBER: 10355386 (England and Wales)





ACCOUNTANTS: Michael Dufty Partnership Limited
59-61 Charlotte Street
St Pauls Square
Birmingham
West Midlands
B3 1PX

LOKI WINES KNOWLE LTD (REGISTERED NUMBER: 10355386)

Balance Sheet
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 100,781 119,257

CURRENT ASSETS
Debtors 5 129,717 140,079
Cash at bank and in hand 23,198 2,235
152,915 142,314
CREDITORS
Amounts falling due within one year 6 257,043 218,273
NET CURRENT LIABILITIES (104,128 ) (75,959 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(3,347

)

43,298

CREDITORS
Amounts falling due after more than one year 7 (10,150 ) (28,706 )

PROVISIONS FOR LIABILITIES (4,924 ) (6,431 )
NET (LIABILITIES)/ASSETS (18,421 ) 8,161

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (18,521 ) 8,061
SHAREHOLDERS' FUNDS (18,421 ) 8,161

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

LOKI WINES KNOWLE LTD (REGISTERED NUMBER: 10355386)

Balance Sheet - continued
30 June 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 director and authorised for issue on 20 March 2025 and were signed by:





P K Innes - Director


LOKI WINES KNOWLE LTD (REGISTERED NUMBER: 10355386)

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

1. STATUTORY INFORMATION

Loki Wines Knowle 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.
Short leasehold - 20% on cost
Fixtures and fittings - 15% on cost

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 9 ) .

LOKI WINES KNOWLE LTD (REGISTERED NUMBER: 10355386)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Short and
leasehold fittings Totals
£    £    £   
COST
At 1 July 2023 124,517 45,156 169,673
Additions - 748 748
At 30 June 2024 124,517 45,904 170,421
DEPRECIATION
At 1 July 2023 30,982 19,434 50,416
Charge for year 12,451 6,773 19,224
At 30 June 2024 43,433 26,207 69,640
NET BOOK VALUE
At 30 June 2024 81,084 19,697 100,781
At 30 June 2023 93,535 25,722 119,257

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 990 1,729
Amounts owed by group undertakings 114,257 117,011
Prepayments 14,470 21,339
129,717 140,079

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 16,916 14,602
Trade creditors 24,063 20,649
Amounts owed to group undertakings 203,570 183,589
Social security and other taxes 3,489 (8,105 )
Other creditors 471 443
Directors' current accounts - 246
Accrued expenses 8,534 6,849
257,043 218,273

LOKI WINES KNOWLE LTD (REGISTERED NUMBER: 10355386)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 10,150 14,602
Bank loans - 2-5 years - 14,104
10,150 28,706