Court Of Master Sommeliers World-Wide - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05485362 (England and Wales)

FINANCIAL STATEMENTS

FOR THE PERIOD 1 JULY 2018 TO 29 JUNE 2019

FOR

COURT OF MASTER SOMMELIERS WORLD-WIDE

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr B M Dawes

Mr B K Julyan

Mr O O Hinderer

Mr D Mesnard

Mr R Sayburn

SECRETARY:

Mr B K Julyan

REGISTERED OFFICE:

1 Seaway Close

Torquay

Devon

TQ2 6PY

REGISTERED NUMBER:

05485362 (England and Wales)

ACCOUNTANTS:

Marsland Nash Associates

Chartered Tax Advisers, Accountants

and Business Consultants

Unit 4 Brunel Buildings

Brunel Road

Newton Abbot

Devon

TQ12 4PB

CURRENT ASSETS

Stocks

4

720

605

Investments

5

180,000

180,000

Cash at bank

455,692

320,204

636,412

500,809

CREDITORS

Amounts falling due within one year

6

1,526

1,345

NET CURRENT ASSETS

634,886

499,464

TOTAL ASSETS LESS CURRENT LIABILITIES

634,886

499,464

RESERVES

Income and expenditure account

634,886

499,464

MEMBERS' FUNDS

634,886

499,464

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 29 June 2019.

The members have not required the company to obtain an audit of its financial statements for the period ended 29 June 2019 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 surplus or deficit 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 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 5 April 2020 and were signed on its behalf by:

Mr B K Julyan - Director

1.	STATUTORY INFORMATION

Court Of Master Sommeliers World-Wide is a private company, limited by guarantee ,

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

Turnover represents amounts received in respect of course fees, examination fees,

membership fees and sponsorship.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due

allowance for obsolete and slow moving items.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of

exchange ruling at the balance sheet date. Transactions in foreign currencies are

translated into sterling at the rate of exchange ruling at the date of transaction. Exchange

differences are taken into account in arriving at the operating result.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2018 - NIL).

4.

STOCKS

2019

2018

£

£

Stocks

720

605

5.	CURRENT ASSET INVESTMENTS

2019

2018

£

£

Other - St James Place Wealth

180,000

180,000

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Tax

7

7

Accrued expenses

1,519

1,338

1,526

1,345

7.	LIMITED BY GUARANTEE

The company is limited by guarantee and does not have any share capital.