REGISTERED NUMBER: 07397728 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

GREYFRIARS VINEYARD LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M J Wagstaff

H M Wagstaff

REGISTERED OFFICE:

The Hog's Back

Puttenham

Guildford

Surrey

GU3 1AG

REGISTERED NUMBER:

07397728 (England and Wales)

FIXED ASSETS

Tangible assets

4

3,568,192

3,208,596

CURRENT ASSETS

Stocks

2,180,989

1,953,184

Debtors

247,357

135,446

Cash at bank and in hand

39,100

33,846

2,467,446

2,122,476

CREDITORS

Amounts falling due within one year

675,857

643,373

NET CURRENT ASSETS

1,791,589

1,479,103

TOTAL ASSETS LESS CURRENT LIABILITIES

5,359,781

4,687,699

CREDITORS

Amounts falling due after more than one year

7,500,000

7,000,000

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(2,140,319

)

(2,312,401

)

SHAREHOLDERS' FUNDS

(2,140,219

)

(2,312,301

)

5,359,781

4,687,699

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 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 December 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 Board of Directors and authorised for issue on 24 December 2025 and were signed on its behalf by:

M J Wagstaff - Director

1.	STATUTORY INFORMATION

Greyfriars Vineyard 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.

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.

The financial statements have been prepared on a going concern basis, which the directors consider to be appropriate, as they have agreed not to withdraw their loan accounts and to provide the necessary finance to enable the company to meet its liabilities as they fall due.

Turnover

Turnover represents net invoiced sales of wine and rental income from premises, excluding value added tax.

Turnover is recognised as the right to consideration arises and adjustments are made for accrued and deferred income.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation less accumulated depreciation. Cost includes costs directly attributable to making the asset capable of operating as intended by management.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Freehold property

-

2% on cost

Vines and trellising

-

4% on cost

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

20% on reducing balance

Computer equipment

-

33.33% on cost

Land

Land is stated at cost, including purchase price and directly attributable acquisition costs, less any accumulated impairment losses.

Land is not depreciated as it has an indefinite useful life.

The asset is reviewed for impairment where indicators exist, with any impairment losses recognised in profit or loss. Gains or losses on disposal are recognised in profit or loss.

Stocks

Stocks are valued at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Financial instruments

The company enters into basic financial instruments, which result in the recognition of financial assets and liabilities. Financial instruments are recognised at amortised cost. At the end of each reporting period financial instruments are assessed for evidence of impairment, and changes are recognised in profit or loss.

Taxation

Taxation for the year comprises current 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 tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods.

Deferred tax represents the future tax consequences of material transactions and events recognised in the financial statements of current and previous periods.

Current tax assets and liabilities are not discounted and are 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.

Foreign currencies

Transactions denominated in foreign currencies are translated into sterling and recorded at the rate of exchange ruling at the date of the transaction. Balances at the year-end denominated in a foreign currency are translated into sterling at the rate of exchange ruling at the balance sheet date.

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 are charged to the profit and loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 14 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2024

4,526,119

Additions

484,462

At 31 December 2024

5,010,581

DEPRECIATION

At 1 January 2024

1,317,523

Charge for year

124,866

At 31 December 2024

1,442,389

NET BOOK VALUE

At 31 December 2024

3,568,192

At 31 December 2023

3,208,596

5.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

As at 31 December 2024, a director had loaned the company £8,088,525 (2023 - £7,572,771) of which £588,525 (2023 - £572,771) is repayable upon demand and £7,500,000 (2023 - £7,000,000) is repayable in more than one year from the balance sheet date. There is no interest due on the loan.