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REGISTERED NUMBER: 06756983 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2024

FOR

Veblen Wines Ltd

Veblen Wines Ltd (Registered number: 06756983)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Veblen Wines Ltd

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2024







DIRECTOR: L Morel





REGISTERED OFFICE: Holly Bank Chambers
Oasts Business Village
Red Hill, Wateringbury
Maidstone
Kent
ME18 5NN





REGISTERED NUMBER: 06756983 (England and Wales)





ACCOUNTANTS: Knights Accountants and Tax Advisors
21 Highnam Business Centre
Highnam
Gloucester
GL2 8DN

Veblen Wines Ltd (Registered number: 06756983)

BALANCE SHEET
30 NOVEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,180 306
Investments 5 21,400 21,400
22,580 21,706

CURRENT ASSETS
Stocks 120,891 150,005
Debtors 6 393,538 334,604
Investments 7 225,000 225,000
Cash at bank and in hand 121,915 73,262
861,344 782,871
CREDITORS
Amounts falling due within one year 8 52,543 40,306
NET CURRENT ASSETS 808,801 742,565
TOTAL ASSETS LESS CURRENT
LIABILITIES

831,381

764,271

PROVISIONS FOR LIABILITIES 9 637,758 564,629
NET ASSETS 193,623 199,642

CAPITAL AND RESERVES
Called up share capital 1,012 1,012
Retained earnings 192,611 198,630
SHAREHOLDERS' FUNDS 193,623 199,642

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Veblen Wines Ltd (Registered number: 06756983)

BALANCE SHEET - continued
30 NOVEMBER 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 director and authorised for issue on 30 August 2025 and were signed by:





L Morel - Director


Veblen Wines Ltd (Registered number: 06756983)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

1. STATUTORY INFORMATION

Veblen Wines 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.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 - 33% on cost and 25% on cost

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

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

Veblen Wines Ltd (Registered number: 06756983)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2023 67,034
Additions 1,054
At 30 November 2024 68,088
DEPRECIATION
At 1 December 2023 66,728
Charge for year 180
At 30 November 2024 66,908
NET BOOK VALUE
At 30 November 2024 1,180
At 30 November 2023 306

5. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
2024 2023
£    £   
Guitars 18,400 18,400
Sculptures 3,000 3,000
21,400 21,400

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 85,655 90,442
Other debtors 307,883 244,162
393,538 334,604

7. CURRENT ASSET INVESTMENTS
2024 2023
£    £   
Listed investments 225,000 225,000

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 239 155
Taxation and social security 9,106 11,854
Other creditors 43,198 28,297
52,543 40,306

Veblen Wines Ltd (Registered number: 06756983)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Other provisions 637,758 564,629

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 November 2024 and 30 November 2023:

2024 2023
£    £   
L Morel
Balance outstanding at start of year 161,212 170,192
Amounts advanced 9,028 -
Amounts repaid - (8,980 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 170,240 161,212

Included within the year end other debtors balance is an amount owed by the company director (Mr L Morel) of £170,240 (2023: £161,212). The outstanding balance is not subject to interest and is repayable on demand.