Company registration number 08031837 (England and Wales)
VINEYARD PHARMACY LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024
PAGES FOR FILING WITH REGISTRAR
VINEYARD PHARMACY LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
VINEYARD PHARMACY LIMITED
BALANCE SHEET
AS AT 31 OCTOBER 2024
31 October 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Intangible assets
3
-
0
418,500
Tangible assets
4
-
0
8,545
-
0
427,045
Current assets
Stocks
-
107,400
Debtors
5
1,000
2,176,314
Cash at bank and in hand
-
0
151,785
1,000
2,435,499
Creditors: amounts falling due within one year
6
-
0
(382,479)
Net current assets
1,000
2,053,020
Total assets less current liabilities
1,000
2,480,065
Provisions for liabilities
-
0
(2,137)
Net assets
1,000
2,477,928
Capital and reserves
Called up share capital
1,000
1,000
Profit and loss reserves
-
0
2,476,928
Total equity
1,000
2,477,928

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 October 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.

VINEYARD PHARMACY LIMITED
BALANCE SHEET (CONTINUED)
AS AT 31 OCTOBER 2024
31 October 2024
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 16 July 2025 and are signed on its behalf by:
Mr AV Patel
Director
Company registration number 08031837 (England and Wales)
VINEYARD PHARMACY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024
- 3 -
1
Accounting policies
Company information

Vineyard Pharmacy Limited is a private company limited by shares incorporated in England and Wales. The registered office is Elthorne Gate, 64 High Street, Pinner, Middlesex, HA5 5QA.

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 £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Going concern

On true1st May 2024, the trade and assets of the company were hived up to it's immediate parent, AV (Bees) Limited (‘AVBL’). From this date, the company ceased trading and the directors have no intention for the company to trade in the future.

 

As a result, the company no longer meets the definition of a going concern as defined in FRS 102 paragraph 3.8 and as a result, these financial statements are not prepared on a going concern basis.

 

The directors have assessed the impact of this change in basis and do not consider that the carrying values of the company’s assets and liabilities are affected. Accordingly, no adjustments were required in preparing these financial statements on a non-going concern basis.

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

1.4
Intangible fixed assets - goodwill

Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is 10 years.

1.5
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:

Fixtures and fittings
20% on cost
VINEYARD PHARMACY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2024
1
Accounting policies
(Continued)
- 4 -

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.6
Stocks

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

1.7
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

1.8
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.9

Related party exemption

The company has taken advantage of the exemption, under the terms of Financial Reporting Standard 102,' The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
10
8
VINEYARD PHARMACY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2024
- 5 -
3
Intangible fixed assets
Goodwill
£
Cost
At 1 November 2023
1,620,000
Transfers
(1,620,000)
At 31 October 2024
-
0
Amortisation and impairment
At 1 November 2023
1,201,500
Transfers
(1,201,500)
At 31 October 2024
-
0
Carrying amount
At 31 October 2024
-
0
At 31 October 2023
418,500
4
Tangible fixed assets
Fixtures and fittings
£
Cost
At 1 November 2023
56,279
Transfers
(56,279)
At 31 October 2024
-
0
Depreciation and impairment
At 1 November 2023
47,734
Transfers
(47,734)
At 31 October 2024
-
0
Carrying amount
At 31 October 2024
-
0
At 31 October 2023
8,545
VINEYARD PHARMACY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2024
- 6 -
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
-
0
166,855
Amounts owed by group undertakings
1,000
1,973,699
Other debtors
-
0
35,760
1,000
2,176,314
6
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
-
0
264,091
Taxation and social security
-
0
59,245
Other creditors
-
0
59,143
-
0
382,479
7
Parent company

The ultimate parent company is AV (Bees) Limited, which is incorporated in England and Wales.

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