ACCOUNTS - Final Accounts preparation

Company registration number: 02819127

	UNAUDITED FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 9 JULY 2025

	TITCHFIELD VINEYARDS LIMITED


TITCHFIELD VINEYARDS LIMITED

COMPANY INFORMATION

Director	Colin Baker


Registered number	02819127


Registered office	42 Bridge Road
	Park Gate
	Southampton
	Hampshire
	SO31 7GF


Accountants	Menzies LLP
	Chartered Accountants
	3000a Parkway
	Whiteley
	Hampshire
	PO15 7FX


TITCHFIELD VINEYARDS LIMITED

CONTENTS

	Page
Statement of financial position	1 - 2
Notes to the financial statements	3 - 7


TITCHFIELD VINEYARDS LIMITED REGISTERED NUMBER:02819127

STATEMENT OF FINANCIAL POSITION

AS AT 9 JULY 2025

		2025		2024
Note		£		£

Fixed assets
Intangible assets	4		-		454
Tangible assets	5		-		4,548
			-		5,002
Current assets
Stocks		-		11,548
Debtors: amounts falling due within one year	6	335		2,645
Cash at bank and in hand		5,666		7,608
		6,001		21,801
Creditors: amounts falling due within one year	7	(49,168)		(55,602)
Net current liabilities			(43,167)		(33,801)
Total assets less current liabilities			(43,167)		(28,799)

Net liabilities			(43,167)		(28,799)

Page 1


TITCHFIELD VINEYARDS LIMITED REGISTERED NUMBER:02819127

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 9 JULY 2025

		2025		2024
		£		£

Capital and reserves
Called up share capital	2	2
Profit and loss account	(43,169)	(28,801)
	(43,167)	(28,799)

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

Colin Baker

Director

Date: 26 November 2025

The notes on pages 3 to 7 form part of these financial statements.

Page 2


TITCHFIELD VINEYARDS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 9 JULY 2025

1.	General information

Titchfield Vineyards Limited is a private company limited by shares, registered in England and Wales. The address of it's registered office is disclosed on the company information page.
The accounts have been prepared from the 01 April 2024 to the 9 July 2025 to be in line with date of ceasation.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:

2.2

Going concern

During the financial year the company ceased to trade. As a result, the director has considered that it is no longer appropriate for the company to be treated as a going concern, and have therefore prepared these financial statements on a basis other than the going concern basis.
The approach taken in respect of the preparation of these financial statements is as follows:
All accounting transactions occurring in the period have been recognised in accordance with FRS 102, and in line with the accounting policies stated.
No adjustments have been made to the comparative values stated in these financial statements.

2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:

∙the Company has transferred the significant risks and rewards of ownership to the buyer;

∙the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the transaction; and

∙the costs incurred or to be incurred in respect of the transaction can be measured reliably.

2.4

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

Page 3


TITCHFIELD VINEYARDS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 9 JULY 2025

2.Accounting policies (continued)

2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method and reducing balance basis.

Depreciation is provided on the following basis:

				Plant and machinery	-	15% reducing balance
				Fixtures and fittings	-	5% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.6

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Employees

The average monthly number of employees, including directors, during the year was 1 (2024 -1).

Page 4


TITCHFIELD VINEYARDS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 9 JULY 2025

4.	Intangible assets

		Computer software
		£

	At 10 July 2024	1,250
	Disposals	(1,250)
	At 9 July 2025	-

	At 10 July 2024	796
	Charge for the year on owned assets	76
	On disposals	(872)
	At 9 July 2025	-
	Net book value
	At 9 July 2025	-
	At 9 July 2024	454

Page 5


TITCHFIELD VINEYARDS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 9 JULY 2025

5.	Tangible fixed assets

	Plant and machinery	Fixtures and fittings	Total
	£	£	£

At 10 July 2024	60,100	6,245	66,345
Disposals	(60,100)	(6,245)	(66,345)
At 9 July 2025	-	-	-

At 10 July 2024	56,256	5,542	61,798
Charge for the year on owned assets	310	117	427
Disposals	(56,566)	(5,659)	(62,225)
At 9 July 2025	-	-	-
Net book value
At 9 July 2025	-	-	-
At 9 July 2024	3,845	703	4,548

Debtors

					2025	2024
					£	£


Trade debtors	335	1,351
Other debtors	-	1,146
Prepayments and accrued income	-	148
	335	2,645

7.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Trade creditors	-	46
Other taxation and social security	-	142
Other creditors	47,468	53,239
Accruals and deferred income	1,700	2,175
	49,168	55,602

Page 6


TITCHFIELD VINEYARDS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 9 JULY 2025

8.	Related party transactions
	The company owed the director £47,449 (2024 - £53,009) in the form of a director's loan account. This loan is undated and interest free.

Page 7