IRIS Accounts Production v25.1.0.734 13533608 Board of Directors 1.8.23 31.7.24 31.7.24 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh135336082023-07-31135336082024-07-31135336082023-08-012024-07-31135336082022-07-31135336082022-08-012023-07-31135336082023-07-3113533608ns15:EnglandWales2023-08-012024-07-3113533608ns14:PoundSterling2023-08-012024-07-3113533608ns10:Director12023-08-012024-07-3113533608ns10:PrivateLimitedCompanyLtd2023-08-012024-07-3113533608ns10:SmallEntities2023-08-012024-07-3113533608ns10:AuditExemptWithAccountantsReport2023-08-012024-07-3113533608ns10:SmallCompaniesRegimeForDirectorsReport2023-08-012024-07-3113533608ns10:SmallCompaniesRegimeForAccounts2023-08-012024-07-3113533608ns10:FullAccounts2023-08-012024-07-3113533608ns10:OrdinaryShareClass12023-08-012024-07-3113533608ns10:Director22023-08-012024-07-3113533608ns10:RegisteredOffice2023-08-012024-07-3113533608ns5:CurrentFinancialInstruments2024-07-3113533608ns5:CurrentFinancialInstruments2023-07-3113533608ns5:ShareCapital2024-07-3113533608ns5:ShareCapital2023-07-3113533608ns5:RetainedEarningsAccumulatedLosses2024-07-3113533608ns5:RetainedEarningsAccumulatedLosses2023-07-3113533608ns5:PlantMachinery2023-08-012024-07-3113533608ns5:LandBuildings2023-07-3113533608ns5:PlantMachinery2023-07-3113533608ns5:FurnitureFittings2023-07-3113533608ns5:MotorVehicles2023-07-3113533608ns5:LandBuildings2023-08-012024-07-3113533608ns5:FurnitureFittings2023-08-012024-07-3113533608ns5:MotorVehicles2023-08-012024-07-3113533608ns5:LandBuildings2024-07-3113533608ns5:PlantMachinery2024-07-3113533608ns5:FurnitureFittings2024-07-3113533608ns5:MotorVehicles2024-07-3113533608ns5:LandBuildings2023-07-3113533608ns5:PlantMachinery2023-07-3113533608ns5:FurnitureFittings2023-07-3113533608ns5:MotorVehicles2023-07-3113533608ns5:WithinOneYearns5:CurrentFinancialInstruments2024-07-3113533608ns5:WithinOneYearns5:CurrentFinancialInstruments2023-07-3113533608ns10:OrdinaryShareClass12024-07-31
REGISTERED NUMBER: 13533608 (England and Wales)












NEWICK WINE ESTATE LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST JULY 2024






NEWICK WINE ESTATE LIMITED (REGISTERED NUMBER: 13533608)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 5

NEWICK WINE ESTATE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST JULY 2024







DIRECTORS: J Sharpe
C J Sharpe





REGISTERED OFFICE: 2 St Andrews Place
Lewes
East Sussex
BN7 1UP





REGISTERED NUMBER: 13533608 (England and Wales)





ACCOUNTANTS: Clark Brownscombe
Chartered Accountants
2 St Andrews Place
Lewes
East Sussex
BN7 1UP

NEWICK WINE ESTATE LIMITED (REGISTERED NUMBER: 13533608)

BALANCE SHEET
31ST JULY 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 551,836 440,936

CURRENT ASSETS
Stocks 24,598 8,236
Debtors 5 11,894 41,601
Cash at bank 64,478 6,320
100,970 56,157
CREDITORS
Amounts falling due within one year 6 837,281 549,142
NET CURRENT LIABILITIES (736,311 ) (492,985 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(184,475

)

(52,049

)

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings (184,575 ) (52,149 )
SHAREHOLDERS' FUNDS (184,475 ) (52,049 )

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

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

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 28th April 2025 and were signed on its behalf by:



J Sharpe - Director


NEWICK WINE ESTATE LIMITED (REGISTERED NUMBER: 13533608)

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


1. STATUTORY INFORMATION

Newick Wine Estate 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance, 5% on reducing balance and Straight line over 50 years

Biological assets
The vines are included at cost and are depreciated over 50 years on a straight line basis.

Stocks
Stocks are initially recognised at cost and subsequently the lower of cost and net realisable value. Cost comprises all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

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.

Going concern
The financial statements have been prepared on a going concern basis as the directors have confirmed that they will continue to support the company for the foreseeable future.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 2 ) .

NEWICK WINE ESTATE LIMITED (REGISTERED NUMBER: 13533608)

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


4. TANGIBLE FIXED ASSETS
Fencing
Freehold Plant and and other
property machinery Vines equipment Totals
£    £    £    £    £   
COST
At 1st August 2023 - 44,410 66,346 362,206 472,962
Additions 62,534 81,839 11,070 4,397 159,840
At 31st July 2024 62,534 126,249 77,416 366,603 632,802
DEPRECIATION
At 1st August 2023 - 11,103 1,327 19,596 32,026
Charge for year 1,251 28,786 1,553 17,350 48,940
At 31st July 2024 1,251 39,889 2,880 36,946 80,966
NET BOOK VALUE
At 31st July 2024 61,283 86,360 74,536 329,657 551,836
At 31st July 2023 - 33,307 65,019 342,610 440,936

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 11,894 41,601

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 26,470 -
Trade creditors - 2,828
Other creditors 810,811 546,314
837,281 549,142

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
NEWICK WINE ESTATE 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 Newick Wine Estate Limited for the year ended 31st 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 Newick Wine Estate 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 Newick Wine Estate Limited and state those matters that we have agreed to state to the Board of Directors of Newick Wine Estate 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 Newick Wine Estate Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Newick Wine Estate 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 loss of Newick Wine Estate Limited. You consider that Newick Wine Estate 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 Newick Wine Estate 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.






Clark Brownscombe
Chartered Accountants
2 St Andrews Place
Lewes
East Sussex
BN7 1UP


28th April 2025