Company registration number 12818508 (England and Wales)
BEWL WATER VINEYARD LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
PAGES FOR FILING WITH REGISTRAR
BEWL WATER VINEYARD LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
BEWL WATER VINEYARD LTD (REGISTERED NUMBER: 12818508)
BALANCE SHEET
AS AT 31 AUGUST 2024
31 August 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
14,119
21,168
Current assets
Stocks
219,000
160,000
Debtors
4
3,389
20,423
Cash at bank and in hand
43,911
5,196
266,300
185,619
Creditors: amounts falling due within one year
5
(405,385)
(319,848)
Net current liabilities
(139,085)
(134,229)
Net liabilities
(124,966)
(113,061)
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
(125,066)
(113,161)
Total equity
(124,966)
(113,061)
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 14 May 2025 and are signed on its behalf by:
S Radford-Kirby
Director
BEWL WATER VINEYARD LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
- 2 -
1
Accounting policies
Company information
Bewl Water Vineyard Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Bewl Water Oast Butts Lane, Cousley Wood, Wadhurst, United Kingdom, TN5 6EX.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Going concern
Atruet the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.
The Company has the continued support of its directors.
1.3
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods provided in the normal course of business, and is shown net of VAT.
1.4
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Plant and equipment
25% straight line
Fixtures and fittings
25% straight line
1.5
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.
Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.
1.6
Leases
BEWL WATER VINEYARD LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
1
Accounting policies
(Continued)
- 3 -
Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
2
2
3
Tangible fixed assets
Plant and equipment
Fixtures and fittings
Total
£
£
£
Cost
At 1 September 2023 and 31 August 2024
10,296
17,901
28,197
Depreciation and impairment
At 1 September 2023
2,554
4,475
7,029
Depreciation charged in the year
2,574
4,475
7,049
At 31 August 2024
5,128
8,950
14,078
Carrying amount
At 31 August 2024
5,168
8,951
14,119
At 31 August 2023
7,742
13,426
21,168
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
3,389
15,865
Other debtors
4,558
3,389
20,423
BEWL WATER VINEYARD LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
- 4 -
5
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
31,350
36,728
Taxation and social security
1,551
Other creditors
372,484
283,120
405,385
319,848