Theatre of Wine Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 04415443 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025

FOR

THEATRE OF WINE LTD

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

D Illsley

J C Jackson

T A Fedrick-Illsley

REGISTERED OFFICE:

75 Trafalgar Road

Greenwich

LONDON

SE10 9TS

REGISTERED NUMBER:

04415443 (England and Wales)

ACCOUNTANTS:

Wells Associates

Ground Floor Oakhurst House

77 Mount Ephraim

Tunbridge Wells

Kent

TN4 8BS

FIXED ASSETS

Intangible assets

4

14,890

17,514

Property, plant and equipment

5

25,706

9,627

40,596

27,141

CURRENT ASSETS

Inventories

262,098

311,955

Debtors

6

107,470

115,999

Cash at bank

79,051

71,532

448,619

499,486

CREDITORS

Amounts falling due within one year

7

(259,492

)

(247,823

)

NET CURRENT ASSETS

189,127

251,663

TOTAL ASSETS LESS CURRENT

LIABILITIES

229,723

278,804

CREDITORS

Amounts falling due after more than one

year

8

(10,937

)

-

PROVISIONS FOR LIABILITIES

(3,258

)

(5,111

)

NET ASSETS

215,528

273,693

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

215,428

273,593

215,528

273,693

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

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 6 January 2026 and were signed on its behalf by:

D Illsley - Director

J C Jackson - Director

1.	STATUTORY INFORMATION

Theatre of Wine Ltd 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.

Turnover

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of ten years.

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

Motor vehicles

-

20% on cost

Stocks

Inventories 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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 19 (2024 - 21 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 May 2024

and 30 April 2025

26,234

AMORTISATION

At 1 May 2024

8,720

Charge for year

2,624

At 30 April 2025

11,344

NET BOOK VALUE

At 30 April 2025

14,890

At 30 April 2024

17,514

5.	PROPERTY, PLANT AND EQUIPMENT

Plant and

Motor

machinery

vehicles

Totals

£

COST

At 1 May 2024

56,718

19,800

76,518

Additions

1,297

24,739

26,036

Disposals

(21,706

)

(19,800

)

(41,506

)

At 30 April 2025

36,309

24,739

61,048

DEPRECIATION

At 1 May 2024

47,091

19,800

66,891

Charge for year

1,973

4,948

6,921

Eliminated on disposal

(18,670

)

(19,800

)

(38,470

)

At 30 April 2025

30,394

4,948

35,342

NET BOOK VALUE

At 30 April 2025

5,915

19,791

25,706

At 30 April 2024

9,627

-

9,627

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

90,728

96,564

Other debtors

-

4,375

Prepayments

16,742

15,060

107,470

115,999

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Hire purchase contracts

6,562

-

Trade creditors

148,909

154,639

Social security and other taxes

75,992

73,800

Other creditors

7,665

6,961

Directors' current accounts

17,644

9,703

Accrued expenses

2,720

259,492

247,823

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

Hire purchase contracts

10,937

-