Chilworth Manor Vineyard Limited - Accounts to registrar (filleted) - small 18.2
Chilworth Manor Vineyard Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| CHILWORTH MANOR VINEYARD LIMITED |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 DECEMBER 2020 |
| CHILWORTH MANOR VINEYARD LIMITED (REGISTERED NUMBER: 08411555) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| for the year ended 31 December 2020 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| Chartered Accountants' Report | 6 |
| CHILWORTH MANOR VINEYARD LIMITED |
| COMPANY INFORMATION |
| for the year ended 31 December 2020 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| Ashbourne House |
| The Guildway |
| Old Portsmouth Road |
| Guildford |
| Surrey |
| GU3 1LR |
| CHILWORTH MANOR VINEYARD LIMITED (REGISTERED NUMBER: 08411555) |
| BALANCE SHEET |
| 31 December 2020 |
| 2020 | 2019 |
| Notes | £ | £ |
| FIXED ASSETS |
| Tangible assets | 5 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 6 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 7 | ( |
) | ( |
) |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES | ( |
) | ( |
) |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
| 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. |
| In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered. |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| CHILWORTH MANOR VINEYARD LIMITED (REGISTERED NUMBER: 08411555) |
| NOTES TO THE FINANCIAL STATEMENTS |
| for the year ended 31 December 2020 |
| 1. | STATUTORY INFORMATION |
| Chilworth Manor Vineyard Limited is a |
| 2. | STATEMENT OF COMPLIANCE |
| 3. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| The financial statements have been prepared on a going concern basis. This is considered appropriate on the basis that the directors will continue to provide financial support to the company for the foreseeable future to enable the company to meet its liabilities as they fall due. |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, net of discounts and excluding value added tax. |
| Tangible fixed assets |
| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. |
| Motor vehicles | - 25% reducing balance |
| Improvements to property | - 2% on cost |
| Plant & machinery | - 5 years straight line |
| Land | - not depreciated |
| Tangible fixed assets are stated at their historic cost price less accumulated depreciation. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for use. The asset's residual values, useful lives and depreciation methods are reviewed if there is an indication of significant change since the last reporting date. |
| On disposal the difference between the net proceeds and carrying amount of the item disposed is recognised in the profit and loss account, and included in administration expenses. |
| Stocks and work in progress |
| Stock and work in progress comprises of bottled wine and wine in various stages of production, valued at lower of cost and net realisable value. Cost represents wine making charges plus cost of dry goods. |
| Financial instruments |
| The Company has basic financial instruments only. These financial assets and liabilities are initially recognised at transaction price and remeasured, at each year end, at amortised cost using the effective interest rate method. |
| Taxation |
| Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
| Current tax is the amount of corporation tax payable in respect of the taxable profit for the period or prior periods. It 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. |
| Current tax is measured on a non-discounted basis. |
| CHILWORTH MANOR VINEYARD LIMITED (REGISTERED NUMBER: 08411555) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the year ended 31 December 2020 |
| 3. | ACCOUNTING POLICIES - continued |
| 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 the financial statements. |
| Deferred tax is measured at the average tax rates that are expected to apply in the period in which the timing differences are expected to reverse, based on tax rates and law that have been enacted or substantially enacted by the balance sheet date. |
| 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. |
| Deferred tax is measured on a non-discounted basis. |
| 4. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 5. | TANGIBLE FIXED ASSETS |
| Plant and |
| Land and | machinery |
| buildings | etc | Totals |
| £ | £ | £ |
| COST |
| At 1 January 2020 |
| Additions |
| At 31 December 2020 |
| DEPRECIATION |
| At 1 January 2020 |
| Charge for year |
| At 31 December 2020 |
| NET BOOK VALUE |
| At 31 December 2020 |
| At 31 December 2019 |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2020 | 2019 |
| £ | £ |
| Trade debtors |
| Other debtors |
| CHILWORTH MANOR VINEYARD LIMITED (REGISTERED NUMBER: 08411555) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the year ended 31 December 2020 |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2020 | 2019 |
| £ | £ |
| Trade creditors |
| Other creditors |
| 8. | RELATED PARTY DISCLOSURES |
| Included within other creditors is £928,537 (2019: £836,661) owed to a director of the company. The loan is interest free and repayable on demand. |
| 9. | POST BALANCE SHEET EVENTS |
| After the year end the company issued additional share capital of £999,999. |
| CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS |
| ON THE UNAUDITED FINANCIAL STATEMENTS OF |
| CHILWORTH MANOR VINEYARD LIMITED |
| 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. |
| In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Chilworth Manor Vineyard Limited for the year ended 31 December 2020 which comprise the Profit and Loss Account, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us. |
| As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance. |
| This report is made solely to the Board of Directors of Chilworth Manor Vineyard Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Chilworth Manor Vineyard Limited and state those matters that we have agreed to state to the Board of Directors of Chilworth Manor Vineyard Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Chilworth Manor Vineyard Limited and its Board of Directors, as a body, for our work or for this report. |
| It is your duty to ensure that Chilworth Manor Vineyard Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Chilworth Manor Vineyard Limited. You consider that Chilworth Manor Vineyard Limited is exempt from the statutory audit requirement for the year. |
| We have not been instructed to carry out an audit or a review of the financial statements of Chilworth Manor Vineyard Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
| This report should not be regarded as suitable to be used or relied on by any other party wishing to acquire any rights against Bessler Hendrie LLP for any purpose or in any context. Any party, other than the Directors, who obtains access to this report or a copy and chooses to rely on this report (or any part of it) will do so at its own risk. |
| Chartered Accountants |
| Ashbourne House |
| The Guildway |
| Old Portsmouth Road |
| Guildford |
| Surrey |
| GU3 1LR |