The Vine Investment Company Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 00588694 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022

FOR

THE VINE INVESTMENT COMPANY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Directors' Responsibilities Statement

8

Independent Chartered Accountants' Review Report

9

DIRECTORS:

H W Try

J A Try

R T Try

N W Try

M F J Wheeler

REGISTERED OFFICE:

Suite 1, The Grove

West Clayton Business Centre

Berry Lane, Chorleywood

Rickmansworth

Hertfordshire

WD3 5EX

REGISTERED NUMBER:

00588694 (England and Wales)

ACCOUNTANTS:

Andrew F Wye Limited

24 Marlyns Drive

Burpham

Guildford

Surrey

GU4 7LT

FIXED ASSETS

Tangible assets

4

6,737,018

4,066,662

Investments

5

24

24

6,737,042

4,066,686

CURRENT ASSETS

Debtors

6

6,332

6,479

Investments

7

2,265,724

2,414,498

Cash at bank

39,198

98,059

2,311,254

2,519,036

CREDITORS

Amounts falling due within one year

8

87,629

109,192

NET CURRENT ASSETS

2,223,625

2,409,844

TOTAL ASSETS LESS CURRENT LIABILITIES

8,960,667

6,476,530

PROVISIONS FOR LIABILITIES

1,000,000

500,000

NET ASSETS

7,960,667

5,976,530

CAPITAL AND RESERVES

Called up share capital

5,000

5,000

Revaluation reserve

9

4,712,586

2,541,818

Retained earnings

9

3,243,081

3,429,712

7,960,667

5,976,530

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2022 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 27 October 2022 and were signed on its behalf by:

N W Try - Director

M F J Wheeler - Director

1.	STATUTORY INFORMATION

The Vine Investment Company 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 as modified by the revaluation of certain assets.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

not provided

Plant and machinery

-

25% on cost

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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Investment properties and current asset investments

Investment properties and current asset investments are shown at open market value with any aggregate surplus or deficit arising from changes in the market value being transferred to a non-distributable reserve. Investment property is not depreciated. While this is in accordance with the Financial Reporting Standard 102 Section 1A, it does not comply with the requirements of the Companies Act 2006 that all assets should be depreciated over the economic life. The directors consider that this departure from the requirements of the Companies Act is required in order to give a true and fair view.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2021 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

Plant and

property

machinery

Totals

£

£

£

COST OR VALUATION

At 1 July 2021

4,066,250

25,480

4,091,730

Revaluations

2,670,768

-

2,670,768

At 30 June 2022

6,737,018

25,480

6,762,498

DEPRECIATION

At 1 July 2021

-

25,068

25,068

Charge for year

-

412

412

At 30 June 2022

-

25,480

25,480

NET BOOK VALUE

At 30 June 2022

6,737,018

-

6,737,018

At 30 June 2021

4,066,250

412

4,066,662

Cost or valuation at 30 June 2022 is represented by:

Freehold

Plant and

property

machinery

Totals

£

£

£

Valuation in 2021

2,729,322

-

2,729,322

Valuation in 2022

2,670,768

-

2,670,768

Cost

1,336,928

25,480

1,362,408

6,737,018

25,480

6,762,498

The directors have revalued the properties to ensure they are in line with market valuations following discussion with professional agents in the areas where the properties are located.

5.	FIXED ASSET INVESTMENTS

Interest

in other

participating

interests

£

COST

At 1 July 2021

and 30 June 2022

24

NET BOOK VALUE

At 30 June 2022

24

At 30 June 2021

24

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.22

30.6.21

£

£

Trade debtors

4,500

4,500

Other debtors

1,832

1,979

6,332

6,479

7.	CURRENT ASSET INVESTMENTS

30.6.22

30.6.21

£

£

Listed investments

2,265,724

2,414,498

Market value of listed investments at 30 June 2022 - £ 2,265,724 (2021 - £ 2,414,498 ).

The book cost of the investments at 30 June 2022 was £2,059,771 (2021 £1,981,406).

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.22

30.6.21

£

£

Taxation and social security

51,708

83,169

Other creditors

35,921

26,023

87,629

109,192

9.

RESERVES

Retained

Revaluation

earnings

reserve

Totals

£

£

£

At 1 July 2021

3,429,712

2,541,818

5,971,530

Profit for the year

2,134,137

-

2,134,137

Dividends

(150,000

)

-

(150,000

)

Revaluation of properties

(2,670,768

)

2,670,768

-

Deferred tax on revaluation

500,000

(500,000

)

-

At 30 June 2022

3,243,081

4,712,586

7,955,667

The following reproduces the text of the report prepared for the directors and members in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

We confirm that as directors we have met our duty in accordance with the Companies Act 2006 to:

-	ensure that the company has kept proper accounting records;

-	prepare financial statements which give a true and fair view of the state of affairs of the company as at 30 June 2022 and of its profit for that period in accordance with United Kingdom Generally Accepted Accounting Practice; and

-	follow the applicable accounting policies, subject to any material departures disclosed and explained in the notes to the financial statements.

ON BEHALF OF THE BOARD:

N W Try - Director

M F J Wheeler - Director

27 October 2022

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

We have reviewed the financial statements of The Vine Investment Company Limited for the year ended 30 June 2022, which comprise the Income Statement, Balance Sheet and the related notes 1 to 11. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

This report is made solely to the company's directors, as a body, in accordance with our terms of engagement. Our review has been undertaken so that we might state to the directors those matters that we have agreed with them in our engagement letter and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's directors as a body for our work, for this report or the conclusions we have formed.

Directors' responsibility for the financial statements

As explained more fully in the Directors' Responsibilities Statement set out on page ten, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view.

Accountants' responsibility

Our responsibility is to express a conclusion based on our review of the financial statements. We conducted our review in accordance with International Standard on Review Engagements (ISRE) 2400 (Revised), 'Engagements to review historical financial statements' and ICAEW Technical Release TECH 09/13AAF 'Assurance review engagements on historical financial statements'. ISRE 2400 also requires us to comply with the ICAEW Code of Ethics.

Scope of the assurance review

A review of financial statements in accordance with ISRE 2400 (Revised) is a limited assurance engagement. We have performed additional procedures to those required under a compilation engagement. These primarily consist of making enquiries of management and others within the entity, as appropriate, applying analytical procedures and evaluating the evidence obtained. The procedures performed in a review are substantially less than those performed in an audit conducted in accordance with International Standards on Auditing (UK and Ireland). Accordingly, we do not express an audit opinion on these financial statements.

Conclusion

Based on our review, nothing has come to our attention that causes us to believe that the financial statements have not been prepared:

-	so as to give a true and fair view of the state of the company's affairs as at 30 June 2022 and of its profit for the year then ended;

-	in accordance with United Kingdom Generally Accepted Accounting Practice; and

-	in accordance with the requirements of the Companies Act 2006.

Andrew F Wye Limited

24 Marlyns Drive

Burpham

Guildford

Surrey

GU4 7LT

27 October 2022