Wine Cellar (Brighton) Limited - Limited company accounts 20.1

REGISTERED NUMBER: 13446815 (England and Wales)

Report of the Directors and

Unaudited Financial Statements for the Period 9 June 2021 to 31 May 2022

for

Wine Cellar (Brighton) Limited

Page

Company Information

1

Report of the Directors

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

5

DIRECTORS:

P Fernback

A S Patterson

M Such

REGISTERED OFFICE:

Unit 1 Lower Hook Business Park

Shire Lane

Downe

Orpington

Kent

BR6 7GZ

REGISTERED NUMBER:

13446815 (England and Wales)

The directors present their report with the financial statements of the company for the period 9 June 2021 to 31 May 2022.

INCORPORATION

The company was incorporated on 9 June 2021 .

PRINCIPAL ACTIVITY

The principal activity of the company in the period under review was that of operation of a wine bar.

DIRECTORS

The directors who have held office during the period from 9 June 2021 to the date of this report are as follows:

P Fernback - appointed 9 June 2021

A S Patterson - appointed 9 June 2021

M Such - appointed 9 June 2021

All the directors who are eligible offer themselves for election at the forthcoming first Annual General Meeting.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

P Fernback - Director

22 February 2023

TURNOVER

21,817

Cost of sales

7,938

GROSS PROFIT

13,879

Administrative expenses

72,755

OPERATING LOSS and

LOSS BEFORE TAXATION

(58,876

)

Tax on loss

-

LOSS FOR THE FINANCIAL PERIOD

(58,876

)

FIXED ASSETS

Tangible assets

4

11,690

CURRENT ASSETS

Stocks

6,056

Debtors

5

734

Cash in hand

4,189

10,979

CREDITORS

Amounts falling due within one year

6

81,545

NET CURRENT LIABILITIES

(70,566

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(58,876

)

RESERVES

Retained earnings

(58,876

)

(58,876

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 May 2022.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 May 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 in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 22 February 2023 and were signed on its behalf by:

P Fernback - Director

1.	STATUTORY INFORMATION

Wine Cellar (Brighton) 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.

Turnover

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

Tangible fixed assets

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

Stocks

Stocks 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 period 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 period 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL.

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

Additions

11,690

At 31 May 2022

11,690

NET BOOK VALUE

At 31 May 2022

11,690

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade debtors

(63

)

Other debtors

797

734

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade creditors

611

Taxation and social security

934

Other creditors

80,000

81,545