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REGISTERED NUMBER: 01418559 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2024

for

Weingeist Limited

Weingeist Limited (Registered number: 01418559)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Weingeist Limited

Company Information
for the Year Ended 30 September 2024







DIRECTORS: Kaushik Shah
Arun Shah





REGISTERED OFFICE: 15B Station Parade
Cockfosters Road
Barnet
Hertfordshire
EN4 0DL





REGISTERED NUMBER: 01418559 (England and Wales)





ACCOUNTANTS: Shah Dodhia & Co
173 Cleveland Street
London
W1T 6QR

Weingeist Limited (Registered number: 01418559)

Balance Sheet
30 September 2024

2024 2023
Notes £ £ £
FIXED ASSETS
Intangible assets 5 1 1
Tangible assets 6 202,329 194,175
Investments 7 38,360 31,719
Investment property 8 626,984 626,984
867,674 852,879

CURRENT ASSETS
Stocks 473,157 381,425
Debtors 9 491,443 591,892
Cash at bank 985,169 747,353
1,949,769 1,720,670
CREDITORS
Amounts falling due within one year 10 104,283 102,132
NET CURRENT ASSETS 1,845,486 1,618,538
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,713,160

2,471,417

PROVISIONS FOR LIABILITIES 40,385 39,017
NET ASSETS 2,672,775 2,432,400

CAPITAL AND RESERVES
Called up share capital 50,000 50,000
Retained earnings 2,622,775 2,382,400
2,672,775 2,432,400

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

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

Weingeist Limited (Registered number: 01418559)

Balance Sheet - continued
30 September 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 2 May 2025 and were signed on its behalf by:





Arun Shah - Director


Weingeist Limited (Registered number: 01418559)

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

1. STATUTORY INFORMATION

Weingeist 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. STATEMENT OF COMPLIANCE

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Fixtures and fittings - 25% on reducing balance

Tangible fixed assets are initially recorded at cost.

Investment properties
Investment properties are properties which are held either to earn rental income or for capital appreciation or for both. Investment properties are recognised initially at cost. Subsequent to initial recognition, investment properties are held at fair value. Any gains or losses arising from changes in the fair value are recognised in profit and loss in the year that they arise and no depreciation is provided in respect of investment properties.

Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Other Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.


Weingeist Limited (Registered number: 01418559)

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

3. 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 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.

Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

4. EMPLOYEES AND DIRECTORS

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

5. INTANGIBLE FIXED ASSETS
Goodwill
£
COST
At 1 October 2023
and 30 September 2024 28,229
AMORTISATION
At 1 October 2023
and 30 September 2024 28,228
NET BOOK VALUE
At 30 September 2024 1
At 30 September 2023 1

Weingeist Limited (Registered number: 01418559)

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

6. TANGIBLE FIXED ASSETS
Fixtures
Freehold Long and
property leasehold fittings Totals
£ £ £ £
COST
At 1 October 2023 244,810 - 63,366 308,176
Additions - 8,663 2,930 11,593
At 30 September 2024 244,810 8,663 66,296 319,769
DEPRECIATION
At 1 October 2023 51,669 - 62,332 114,001
Charge for year 2,448 - 991 3,439
At 30 September 2024 54,117 - 63,323 117,440
NET BOOK VALUE
At 30 September 2024 190,693 8,663 2,973 202,329
At 30 September 2023 193,141 - 1,034 194,175

7. FIXED ASSET INVESTMENTS
Shares in
group Other
undertakings investments Totals
£ £ £
COST OR VALUATION
At 1 October 2023 100 31,619 31,719
Additions - 2,900 2,900
Revaluations - 3,741 3,741
At 30 September 2024 100 38,260 38,360
NET BOOK VALUE
At 30 September 2024 100 38,260 38,360
At 30 September 2023 100 31,619 31,719

Cost or valuation at 30 September 2024 is represented by:

Shares in
group Other
undertakings investments Totals
£ £ £
Valuation in 2024 - 3,741 3,741
Cost 100 34,519 34,619
100 38,260 38,360

The company owns 100% shareholding in Jamaica Plantations Limited which was incorporated in England and Wales. The investment in subsidiary has been shown at cost as it is a dormant company.

Other investments having a cost of £37,305 (2023 - £36,139) are listed on a recognised stock exchange and had a market value of £38,260 (2023 - £31,619) at the end of the year.

Weingeist Limited (Registered number: 01418559)

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

8. INVESTMENT PROPERTY
Total
£
FAIR VALUE
At 1 October 2023
and 30 September 2024 626,984
NET BOOK VALUE
At 30 September 2024 626,984
At 30 September 2023 626,984

In the opinion of the directors' the market value of the investment properties are not materially different from that disclosed in these financial statements.

9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 302,757 388,830
Amounts owed by related undertakings 121,689 178,089
Other debtors 59,457 20,173
VAT receivable 3,540 4,800
Prepayments 4,000 -
491,443 591,892

10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade creditors - 17,009
Tax 79,370 38,919
Pension 9 141
Accrued expenses 24,904 46,063
104,283 102,132