REGISTERED NUMBER: 09919103 (England and Wales)

FOUR CORNERS WINE COMPANY LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

9

DIRECTOR:

S Young

REGISTERED OFFICE:

Ashbourne House

The Guildway

Old Portsmouth Road

Guildford

Surrey

GU3 1LR

REGISTERED NUMBER:

09919103 (England and Wales)

ACCOUNTANTS:

Bessler Hendrie LLP

Chartered Accountants

Ashbourne House

The Guildway

Old Portsmouth Road

Guildford

Surrey

GU3 1LR

FIXED ASSETS

Tangible assets

4

5,945

64,803

CURRENT ASSETS

Stocks

523,186

798,972

Debtors

5

495,479

472,445

Cash at bank and in hand

83,386

168,995

1,102,051

1,440,412

CREDITORS

Amounts falling due within one year

6

(366,138

)

(665,197

)

NET CURRENT ASSETS

735,913

775,215

TOTAL ASSETS LESS CURRENT LIABILITIES

741,858

840,018

CREDITORS

Amounts falling due after more than one year

7

(8,334

)

(51,933

)

PROVISIONS FOR LIABILITIES

9

(1,410

)

(16,120

)

NET ASSETS

732,114

771,965

CAPITAL AND RESERVES

Called up share capital

1,077

1,077

Share premium

119,798

119,798

Retained earnings

611,239

651,090

SHAREHOLDERS' FUNDS

732,114

771,965

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 3 December 2025 and were signed by:

S Young - Director

1.	STATUTORY INFORMATION

Four Corners Wine Company 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.

The principal place of business is The Old Armistice, 31-33 Hart Street, Henley-on-Thames, Oxfordshire, RG9 2AR.

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 represents the invoiced value of goods, net of value added tax.

The company recognises revenue when; the significant risks and rewards of ownership have been transferred to the buyer which is when the order is received and accepted, the amount of revenue can be measured reliably and it is probable that future economic benefits will flow to the company.

From time to time the company may also enter into the sale and purchase of wines which are still in the process of production, for a specific vintage which may not mature until after the balance sheet date. Turnover is recognised when the sales order is received and accepted as the risk passes to the buyer upon the order being accepted.

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

- 25% on reducing balance, 25% straight line basis,

33% straight line basis, 20% Straight line basis

Tangible fixed assets are stated at their historic cost price less accumulated depreciation. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for use. The asset's residual values, useful lives and depreciation methods are reviewed if there is an indication of significant change since the last reporting date.

On disposal the difference between the net proceeds and carrying amount of the item sold is recognised in the profit and loss account, and included in administrative expenses.

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 Statement of Income and Retained Earnings, 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.

Taxation

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Financial instruments

Financial instruments are classified by directors as basic or non-basic following the conditions on FRS 102 Section 11. Basic financial instruments are initially measured at transaction price (including transaction cost) and subsequently recognised at amortised cost using the effective interest method. The company does not have any non-basic financial instruments.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken to the profit and loss account.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

104,279

Additions

3,562

Disposals

(80,962

)

At 31 December 2024

26,879

DEPRECIATION

At 1 January 2024

39,476

Charge for year

16,542

Eliminated on disposal

(35,084

)

At 31 December 2024

20,934

NET BOOK VALUE

At 31 December 2024

5,945

At 31 December 2023

64,803

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 January 2024

80,962

Disposals

(80,962

)

At 31 December 2024

-

DEPRECIATION

At 1 January 2024

21,590

Charge for year

13,494

Eliminated on disposal

(35,084

)

At 31 December 2024

-

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

59,372

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

110,801

117,258

Other debtors

384,678

355,187

495,479

472,445

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans

110,354

10,204

Hire purchase contracts

-

19,200

Trade creditors

159,750

545,901

Taxation and social security

80,731

67,142

Other creditors

15,303

22,750

366,138

665,197

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

8,334

18,333

Hire purchase contracts

-

33,600

8,334

51,933

The hire purchase creditor is secured over the assets to which it relates.

8.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Bank loans

118,688

28,333

Included within Bank loans is a balance of £18,333 (2023: £28,333) secured by way of a Government Guarantee under the Bounceback Loan Scheme.

Included within Bank loans is a balance of £100,354 (2023: £nil) secured by way of a fixed and floating charge over the assets and undertaking of the company.

9.	PROVISIONS FOR LIABILITIES

2024

2023

£

£

Deferred tax

1,410

16,120

Deferred tax

£

Balance at 1 January 2024

16,120

Accelerated capital allowances

(14,710

)

Balance at 31 December 2024

1,410

10.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the year advances of £116,876 were made to the director and repayments of £107,073 received by the company. At the year end, the director owed the company £300,547 (2023: £290,744). Interest is charged on amounts overdrawn at the official HMRC rate for beneficial loan arrangements. Amounts overdrawn by the directors are repayable upon demand.

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Four Corners Wine Company Limited for the year ended 31 December 2024 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Four Corners Wine Company Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Four Corners Wine Company Limited and state those matters that we have agreed to state to the director of Four Corners Wine Company Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Four Corners Wine Company Limited and its director for our work or for this report.

It is your duty to ensure that Four Corners Wine Company Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Four Corners Wine Company Limited. You consider that Four Corners Wine Company Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Four Corners Wine Company Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

This report should not be regarded as suitable to be used or relied on by any other party wishing to acquire any rights against Bessler Hendrie LLP for any purpose or in any context. Any party, other than the Directors, which obtain access to this report or a copy and chooses to rely on this report (or any part of it) will do so at its own risk.

Bessler Hendrie LLP

Chartered Accountants

Ashbourne House

The Guildway

Old Portsmouth Road

Guildford

Surrey

GU3 1LR

3 December 2025