Piedmont Food and Wine Limited 07919459 false 2024-02-01 2025-01-31 2025-01-31 The principal activity of the company is is the promotion of food and wine from Piedmont in Italy and providing itineraries and making bookings for people visiting the region. Digita Accounts Production Advanced 6.30.9574.0 true true 07919459 2024-02-01 2025-01-31 07919459 2025-01-31 07919459 bus:OrdinaryShareClass1 2025-01-31 07919459 core:RetainedEarningsAccumulatedLosses 2025-01-31 07919459 core:ShareCapital 2025-01-31 07919459 core:CurrentFinancialInstruments 2025-01-31 07919459 core:CurrentFinancialInstruments core:WithinOneYear 2025-01-31 07919459 core:Non-currentFinancialInstruments 2025-01-31 07919459 core:Non-currentFinancialInstruments core:AfterOneYear 2025-01-31 07919459 core:FurnitureFittingsToolsEquipment 2025-01-31 07919459 bus:SmallEntities 2024-02-01 2025-01-31 07919459 bus:AuditExemptWithAccountantsReport 2024-02-01 2025-01-31 07919459 bus:FilletedAccounts 2024-02-01 2025-01-31 07919459 bus:SmallCompaniesRegimeForAccounts 2024-02-01 2025-01-31 07919459 bus:RegisteredOffice 2024-02-01 2025-01-31 07919459 bus:Director1 2024-02-01 2025-01-31 07919459 bus:OrdinaryShareClass1 2024-02-01 2025-01-31 07919459 bus:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 07919459 bus:Agent1 2024-02-01 2025-01-31 07919459 core:FurnitureFittingsToolsEquipment 2024-02-01 2025-01-31 07919459 core:OfficeEquipment 2024-02-01 2025-01-31 07919459 countries:EnglandWales 2024-02-01 2025-01-31 07919459 2024-01-31 07919459 core:FurnitureFittingsToolsEquipment 2024-01-31 07919459 2023-02-01 2024-01-31 07919459 2024-01-31 07919459 bus:OrdinaryShareClass1 2024-01-31 07919459 core:RetainedEarningsAccumulatedLosses 2024-01-31 07919459 core:ShareCapital 2024-01-31 07919459 core:CurrentFinancialInstruments 2024-01-31 07919459 core:CurrentFinancialInstruments core:WithinOneYear 2024-01-31 07919459 core:Non-currentFinancialInstruments 2024-01-31 07919459 core:Non-currentFinancialInstruments core:AfterOneYear 2024-01-31 07919459 core:FurnitureFittingsToolsEquipment 2024-01-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 07919459

Piedmont Food and Wine Limited
Unaudited Filleted Financial Statements
for the Year Ended 31 January 2025

Piedmont Food and Wine Limited

Contents

Company Information | 1
Balance Sheet | 2
Notes to the Unaudited Financial Statements | 3 to 7

Piedmont Food and Wine Limited

Company Information

Director | Mrs J Barnaby

Registered office | Wellesley House 204 London Road Waterlooville Hampshire England PO7 7AN

Accountants | MMO Limited Wellesley House 204 London Road Waterlooville Hampshire PO7 7AN

Piedmont Food and Wine Limited

(Registration number: 07919459)
Balance Sheet as at 31 January 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 849 | 1,132
Current assets |  |  |
Cash at bank and in hand |  | 3,170 | 10,091
Creditors: Amounts falling due within one year | 5 | (47,009) | (65,851)
Net current liabilities |  | (43,839) | (55,760)
Total assets less current liabilities |  | (42,990) | (54,628)
Creditors: Amounts falling due after more than one year | 5 | (151) | (624)
Net liabilities |  | (43,141) | (55,252)
Capital and reserves |  |  |
Called up share capital | 6 | 2 | 2
Retained earnings |  | (43,143) | (55,254)
Shareholders' deficit |  | (43,141) | (55,252)

For the financial year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 20 January 2026

......................................... Mrs J Barnaby Director

Piedmont Food and Wine Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Wellesley House
204 London Road
Waterlooville
Hampshire
PO7 7AN
England

These financial statements were authorised for issue by the director on 20 January 2026.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

All figures are presented in British Sterling, which is the functional currency of the company, and are rounded to the nearest £1.

Going concern

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Piedmont Food and Wine Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.
Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Office equipment | 25% reducing balance basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Piedmont Food and Wine Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3 | Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2024 - 1).

Piedmont Food and Wine Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

4 | Tangible assets

| Furniture, fittings and equipment £ | Total £
Cost or valuation
At 1 February 2024 | 8,402 | 8,402
At 31 January 2025 | 8,402 | 8,402
Depreciation
At 1 February 2024 | 7,270 | 7,270
Charge for the year | 283 | 283
At 31 January 2025 | 7,553 | 7,553
Carrying amount
At 31 January 2025 | 849 | 849
At 31 January 2024 | 1,132 | 1,132

5 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Loans and borrowings | 7 | 496 | 490
Accruals and deferred income |  | 1,500 | 1,500
Other creditors |  | 45,013 | 63,861
|  | 47,009 | 65,851

Creditors: amounts falling due after more than one year

| Note | 2025 £ | 2024 £
Due after one year |  |  |
Loans and borrowings | 7 | 151 | 624

6 | Share capital

Allotted, called up and fully paid shares

Piedmont Food and Wine Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

| 2025 | 2024
| No. | £ | No. | £
Ordinary shares of £1 each | 2 | 2 | 2 | 2

7 | Loans and borrowings

Non-current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | 151 | 624

Current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | 490 | 490
Bank overdrafts | 6 | -
| 496 | 490