REGISTERED NUMBER: OC349195 (England and Wales)

Financial Statements for the Period 1 November 2023 to 31 March 2025

for

The Champagne And Gift Company LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

Mr C H Wilce

Mrs S Wilce

Mr J Wilce

REGISTERED OFFICE:

The Retreat

406 Roding Lane South

Woodford Green

Essex

IG8 8EY

REGISTERED NUMBER:

OC349195 (England and Wales)

ACCOUNTANTS:

Nordens

The Retreat

406 Roding Lane South

Woodford Green

Essex

IG8 8EY

FIXED ASSETS

Tangible assets

4

13,612

10,040

CURRENT ASSETS

Stocks

128,000

89,000

Debtors

5

8,463

16,751

Cash at bank and in hand

11,719

13,035

148,182

118,786

CREDITORS

Amounts falling due within one year

6

(75,454

)

(92,028

)

NET CURRENT ASSETS

72,728

26,758

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS

86,340

36,798

LOANS AND OTHER DEBTS DUE TO MEMBERS

7

86,340

36,798

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

7

86,340

36,798

Amounts due from members

5

(4,513

)

(5,153

)

81,827

31,645

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the period ended 31 March 2025.

The members acknowledge their responsibilities for:

(a)	ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the LLP 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 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

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

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 18 December 2025 and were signed by:

Mr J Wilce - Designated member

1.	STATUTORY INFORMATION

The Champagne And Gift Company LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General 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 requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. 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.

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 LLP operates a defined contribution pension scheme. Contributions payable to the LLP's pension scheme are charged to profit or loss in the period to which they relate.

Government grants

Government grants represents the grant received in relation to job retention scheme and small business grant from local council.

3.	EMPLOYEE INFORMATION

The average number of employees during the period was 3 (2023 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 November 2023

375

14,288

30,833

9,203

54,699

Additions

4,512

1,644

-

2,033

8,189

At 31 March 2025

4,887

15,932

30,833

11,236

62,888

DEPRECIATION

At 1 November 2023

104

11,608

27,116

5,831

44,659

Charge for period

972

859

1,219

1,567

4,617

At 31 March 2025

1,076

12,467

28,335

7,398

49,276

NET BOOK VALUE

At 31 March 2025

3,811

3,465

2,498

3,838

13,612

At 31 October 2023

271

2,680

3,717

3,372

10,040

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.10.23

£

£

Trade debtors

-

7,648

Other debtors

8,463

9,103

8,463

16,751

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.10.23

£

£

Bank loans and overdrafts

9,276

5,670

Trade creditors

26,088

25,755

Amounts owed to associates

7,244

-

Taxation and social security

10,458

8,815

Other creditors

22,388

51,788

75,454

92,028

7.

LOANS AND OTHER DEBTS DUE TO MEMBERS

The loan due to member will be distributed as follow 1% to Mr. C H Wilce, 29% Mrs. S Wilce and 70% Mr. J Wilce.