Company Registration No. 03619247 (England and Wales)
CLASSIC WINES LTD
Unaudited accounts
for the year ended 31 March 2025
CLASSIC WINES LTD
Unaudited accounts
Contents
CLASSIC WINES LTD
Company Information
for the year ended 31 March 2025
Company Number
03619247 (England and Wales)
Registered Office
23 Gainsborough Road
Stamford
Lincolnshire
PE9 1DH
England
Accountants
Taxez
5 South Charlotte Street
Edinburgh
EH2 4AN
CLASSIC WINES LTD
Statement of financial position
as at 31 March 2025
Investment property
264,479
264,479
Cash at bank and in hand
59,044
60,463
Creditors: amounts falling due within one year
(9,150)
(9,041)
Net current assets
49,894
61,422
Total assets less current liabilities
314,373
325,901
Creditors: amounts falling due after more than one year
(301,031)
(317,106)
Called up share capital
1
1
Profit and loss account
13,341
8,794
Shareholders' funds
13,342
8,795
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 10 December 2025 and were signed on its behalf by
Jennifer Holmes
Director
Company Registration No. 03619247
CLASSIC WINES LTD
Notes to the Accounts
for the year ended 31 March 2025
CLASSIC WINES LTD is a private company, limited by shares, registered in England and Wales, registration number 03619247. The registered office is 23 Gainsborough Road, Stamford, Lincolnshire, PE9 1DH, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Fair value at 1 April 2024
264,479
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
7,724
7,724
Taxes and social security
1,067
958
CLASSIC WINES LTD
Notes to the Accounts
for the year ended 31 March 2025
7
Creditors: amounts falling due after more than one year
2025
2024
Bank loans
104,368
107,600
Other creditors
196,663
209,506
8
Average number of employees
During the year the average number of employees was 1 (2024: 1).