IRIS Accounts Production v24.3.2.46 03700711 Board of Directors 1.7.23 30.6.24 30.6.24 false true false false false true false Ordinary share 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh037007112023-06-30037007112024-06-30037007112023-07-012024-06-30037007112022-06-30037007112022-07-012023-06-30037007112023-06-3003700711ns15:EnglandWales2023-07-012024-06-3003700711ns14:PoundSterling2023-07-012024-06-3003700711ns10:Director12023-07-012024-06-3003700711ns10:PrivateLimitedCompanyLtd2023-07-012024-06-3003700711ns10:SmallEntities2023-07-012024-06-3003700711ns10:AuditExempt-NoAccountantsReport2023-07-012024-06-3003700711ns10:SmallCompaniesRegimeForDirectorsReport2023-07-012024-06-3003700711ns10:SmallCompaniesRegimeForAccounts2023-07-012024-06-3003700711ns10:FullAccounts2023-07-012024-06-300370071112023-07-012024-06-3003700711ns10:OrdinaryShareClass12023-07-012024-06-3003700711ns10:Director22023-07-012024-06-3003700711ns10:CompanySecretary12023-07-012024-06-3003700711ns10:RegisteredOffice2023-07-012024-06-3003700711ns5:CurrentFinancialInstruments2024-06-3003700711ns5:CurrentFinancialInstruments2023-06-3003700711ns5:ShareCapital2024-06-3003700711ns5:ShareCapital2023-06-3003700711ns5:RetainedEarningsAccumulatedLosses2024-06-3003700711ns5:RetainedEarningsAccumulatedLosses2023-06-3003700711ns5:PatentsTrademarksLicencesConcessionsSimilar2023-06-3003700711ns5:PatentsTrademarksLicencesConcessionsSimilar2024-06-3003700711ns5:PatentsTrademarksLicencesConcessionsSimilar2023-06-3003700711ns5:FurnitureFittings2023-06-3003700711ns5:FurnitureFittings2023-07-012024-06-3003700711ns5:FurnitureFittings2024-06-3003700711ns5:FurnitureFittings2023-06-3003700711ns5:WithinOneYearns5:CurrentFinancialInstruments2024-06-3003700711ns5:WithinOneYearns5:CurrentFinancialInstruments2023-06-3003700711ns10:OrdinaryShareClass12024-06-30
REGISTERED NUMBER: 03700711 (England and Wales)










Planet Wine Trading and Consulting
Limited

Unaudited Financial Statements

for the Year Ended 30 June 2024






Planet Wine Trading and Consulting
Limited (Registered number: 03700711)






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


Planet Wine Trading and Consulting
Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: Mr Charles Emanuel Prager
Mr Alexis Lichine





SECRETARY: Mr Charles Emanuel Prager





REGISTERED OFFICE: 31 Sackville Street
Manchester
M1 3LZ





REGISTERED NUMBER: 03700711 (England and Wales)






Planet Wine Trading and Consulting
Limited (Registered number: 03700711)

Balance Sheet
30 June 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 5 - -
Tangible assets 6 209 245
209 245

CURRENT ASSETS
Debtors 7 5,171 4,030
Cash at bank 3,839 1,779
9,010 5,809
CREDITORS
Amounts falling due within one year 8 (288,252 ) (287,921 )
NET CURRENT LIABILITIES (279,242 ) (282,112 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(279,033

)

(281,867

)

CAPITAL AND RESERVES
Called up share capital 9 300,099 300,099
Retained earnings (579,132 ) (581,966 )
SHAREHOLDERS' FUNDS (279,033 ) (281,867 )

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 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.

Planet Wine Trading and Consulting
Limited (Registered number: 03700711)

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 March 2025 and were signed on its behalf by:





Mr Charles Emanuel Prager - Director


Planet Wine Trading and Consulting
Limited (Registered number: 03700711)

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

1. GENERAL INFORMATION

The company is a private company limited by share capital, incorporated in UK.

The address of its registered office is:
31 Sackville Street
Manchester
M1 3LZ
England

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

3. ACCOUNTING POLICIES

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND KEY ACCOUNTING ESTIMATES
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

BASIS OF PREPARATION
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

GOING CONCERN
The financial statements have been prepared on a going concern basis.

REVENUE RECOGNITION
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company's activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

FOREIGN CURRENCY TRANSACTIONS AND BALANCES
Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Planet Wine Trading and Consulting
Limited (Registered number: 03700711)

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

3. ACCOUNTING POLICIES - continued

TANGIBLE ASSETS
Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

DEPRECIATION
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class Depreciation method and rate
Fixtures & fittings 15% per annum Reducing balance basis

AMORTISATION
Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class Amortisation method and rate
Patents 20% per annum straight-line

CASH AND CASH EQUIVALENTS
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

TRADE DEBTORS
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

TRADE CREDITORS
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

SHARE CAPITAL
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Planet Wine Trading and Consulting
Limited (Registered number: 03700711)

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

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

5. INTANGIBLE FIXED ASSETS
Trademarks,
patents
and
licenses
£   
COST
At 1 July 2023
and 30 June 2024 27,671
AMORTISATION
At 1 July 2023
and 30 June 2024 27,671
NET BOOK VALUE
At 30 June 2024 -
At 30 June 2023 -

6. TANGIBLE FIXED ASSETS
Furniture,
fittings
and
equipment
£   
COST
At 1 July 2023
and 30 June 2024 10,871
DEPRECIATION
At 1 July 2023 10,626
Charge for year 36
At 30 June 2024 10,662
NET BOOK VALUE
At 30 June 2024 209
At 30 June 2023 245

Planet Wine Trading and Consulting
Limited (Registered number: 03700711)

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

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 4,500 4,000
Other debtors 671 30
5,171 4,030

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other creditors 288,252 287,921

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
300,099 Ordinary share 1 300,099 300,099

10. RELATED PARTY DISCLOSURES

There is an associated company in Switzerland called Planet Wine Trade and Consulting SARL with common shareholders and Director.
During the financial year there were inter company transactions with this company.
At the beginning and end of the financial year there was no indebtedness between the two companies.