REGISTERED NUMBER: 04096253 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

GLOBAL WINES (BIRMINGHAM) LIMITED

Page

Abridged Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

7,233

8,594

Investment property

5

576,463

579,481

583,696

588,075

CURRENT ASSETS

Stocks

66,618

61,196

Debtors

1,111,336

1,105,737

Cash at bank and in hand

234,833

190,713

1,412,787

1,357,646

CREDITORS

Amounts falling due within one year

116,418

103,103

NET CURRENT ASSETS

1,296,369

1,254,543

TOTAL ASSETS LESS CURRENT LIABILITIES

1,880,065

1,842,618

CREDITORS

Amounts falling due after more than one year

-

(8,430

)

PROVISIONS FOR LIABILITIES

(1,545

)

(1,383

)

NET ASSETS

1,878,520

1,832,805

CAPITAL AND RESERVES

Called up share capital

2,475

2,475

Share premium

214,492

214,492

Retained earnings

1,661,553

1,615,838

SHAREHOLDERS' FUNDS

1,878,520

1,832,805

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2025 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 December 2025 and were signed on its behalf by:

Baljinder Singh Dulay - Director

1.	STATUTORY INFORMATION

Global Wines (Birmingham) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

04096253

Registered office:

2-4 Abbey Road

Smethwick

Warley

Smethwick

West Midlands

B67 5RD

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.

Land and buildings

-

20% on cost

Plant and machinery etc

-

25% on reducing balance and 15% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

Deferred tax

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

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 12 (2024 - 12 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2024

174,651

Additions

91

At 31 March 2025

174,742

DEPRECIATION

At 1 April 2024

166,057

Charge for year

1,452

At 31 March 2025

167,509

NET BOOK VALUE

At 31 March 2025

7,233

At 31 March 2024

8,594

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

and 31 March 2025

603,626

DEPRECIATION

At 1 April 2024

24,145

Charge for year

3,018

At 31 March 2025

27,163

NET BOOK VALUE

At 31 March 2025

576,463

At 31 March 2024

579,481

6.	OTHER FINANCIAL COMMITMENTS

Current asset is due from Balbin Properties Ltd £79,100 (£79,000 in 2024)

Current Assets £672,014 is due from Corvan Ltd (£841,426 in 2024)

Both the above are related party transaction with no terms attached

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024:

2025

2024

£

£

Baljinder Singh Dulay and Balvinder Dulay

Balance outstanding at start of year

-

93,993

Amounts advanced

377,841

-

Amounts repaid

(78,093

)

(93,993

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

299,748

-

Dividends issued during the year= £39,500 (Nil in 2024)