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REGISTERED NUMBER: 08743142 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 December 2023

for

LI VELI WINERYBAR LTD

LI VELI WINERYBAR LTD (REGISTERED NUMBER: 08743142)






Contents of the Financial Statements
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


LI VELI WINERYBAR LTD

Company Information
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: C Melpignano
G La Torre





REGISTERED OFFICE: 69 Long Acre
Covent Garden
London
WC2E 9JS





REGISTERED NUMBER: 08743142 (England and Wales)





ACCOUNTANTS: AGK Partners
Chartered Accountants
1 Kings Avenue
London
N21 3NA

LI VELI WINERYBAR LTD (REGISTERED NUMBER: 08743142)

Statement of Financial Position
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 1
Property, plant and equipment 5 - 28,736
- 28,737

CURRENT ASSETS
Debtors 6 - 162,203
Cash at bank and in hand - 102,748
- 264,951
CREDITORS
Amounts falling due within one year 7 - 180,630
NET CURRENT ASSETS - 84,321
TOTAL ASSETS LESS CURRENT
LIABILITIES

-

113,058

CREDITORS
Amounts falling due after more than one year 8 - 412,325
NET LIABILITIES - (299,267 )

CAPITAL AND RESERVES
Called up share capital 100,000 100,000
Retained earnings (100,000 ) (399,267 )
SHAREHOLDERS' FUNDS - (299,267 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

LI VELI WINERYBAR LTD (REGISTERED NUMBER: 08743142)

Statement of Financial Position - continued
31 DECEMBER 2023


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 26 March 2025 and were signed on its behalf by:





G La Torre - Director


LI VELI WINERYBAR LTD (REGISTERED NUMBER: 08743142)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Li Veli Winerybar 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.

The financial statements have been prepared on a going concern basis as the directors are satisfied that the company will have adequate resources to meet its liabilities to third parties as they fall due.

Significant judgements and estimates
In the application of the company's accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affect is only that period. or in the period of the revision and future periods where the revision affects both current and future periods. There are no significant judgements or estimates involved in the preparation of the financial statements

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.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Development costs are being amortised evenly over their estimated useful life of five years.

Patents and licences
Patents and licences, being very negligable value and is not ammortized during the year.

Property, plant and equipment
Property, plant and equipment is stated at cost less accumulated depreciation and accumulated impairment losses. Such cost included costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets less their estimated residual value over their expected useful lives, on the following basis:


Short leaseholdOver the life on the lease
Plant and machinery 25% reducing balance basis
Fixtures & Fittings 25% reducing balance basis
Computer equipment25% on cost

The carrying values of tangible assets are reviewed for impairment when events or changes in circumstances indicate the carrying value may not be recoverable.

Financial instruments
Basic financial assets and liabilities, which include debtors, creditors, cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

LI VELI WINERYBAR LTD (REGISTERED NUMBER: 08743142)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

2. ACCOUNTING POLICIES - continued

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 2 (2022 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 January 2023 2,718
Disposals (1 )
At 31 December 2023 2,717
AMORTISATION
At 1 January 2023
and 31 December 2023 2,717
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 1

LI VELI WINERYBAR LTD (REGISTERED NUMBER: 08743142)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

5. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 January 2023 23,378 248,713 4,997 277,088
Disposals (2,647 ) (25,618 ) (471 ) (28,736 )
At 31 December 2023 20,731 223,095 4,526 248,352
DEPRECIATION
At 1 January 2023
and 31 December 2023 20,731 223,095 4,526 248,352
NET BOOK VALUE
At 31 December 2023 - - - -
At 31 December 2022 2,647 25,618 471 28,736

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors - 162,203

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors - 62,510
Other creditors - 118,120
- 180,630

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Amounts owed to group undertakings - 412,325

9. RELATED PARTY DISCLOSURES

Included in creditors, amount falling due within one year, is £Nil (2022 :£73,323) owed to the directors of the company.

This loan is interest free and repayable on demand.

Included in creditors, amount falling due after more than one year, is £Nil (2022: £ 412,325) owed to connected companies.

This loan is interest free and repayable on demand.