St James's Fine Wine Limited - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 09311610 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2023

FOR

ST JAMES'S FINE WINE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

G Ashton

REGISTERED OFFICE:

67 Pall Mall

London

SW1Y 5ES

REGISTERED NUMBER:

09311610 (England and Wales)

ACCOUNTANTS:

Arithma LLP

Chartered Certified Accountants

5 Jardine House

Harrovian Business Village

Bessborough Road

Harrow

Middlesex

HA1 3EX

CURRENT ASSETS

Stocks

-

82,190

Debtors

4

145,830

113,377

Cash at bank

5,161

973

150,991

196,540

CREDITORS

Amounts falling due within one year

5

36,529

96,094

NET CURRENT ASSETS

114,462

100,446

TOTAL ASSETS LESS CURRENT LIABILITIES

114,462

100,446

CREDITORS

Amounts falling due after more than one year

6

23,277

33,208

NET ASSETS

91,185

67,238

CAPITAL AND RESERVES

Called up share capital

901

901

Share premium

89,098

89,098

Retained earnings

1,186

(22,761

)

SHAREHOLDERS' FUNDS

91,185

67,238

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 21 July 2023 and were signed by:

G Ashton - Director

1.	STATUTORY INFORMATION

St James's Fine Wine 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.

STOCKS

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

GOVERNMENT GRANT

The company recognises Covid-19 Government grants using the performance model. Under this model a grant that specifies performance conditions is recognised in income when the performance conditions are met. A grant that does not specify performance conditions is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Other debtors

145,830

113,377

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Bank loans and overdrafts

9,932

9,687

Trade creditors

-

1,500

Taxation and social security

3,887

3,440

Other creditors

22,710

81,467

36,529

96,094

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2023

2022

£

£

Bank loans

23,277

33,208

7.	RELATED PARTY DISCLOSURES

Other debtors £145,828 (2022 - £113,376) represents balances due from 67 Pall Mall Limited, a company in which Mr G Ashton is also a director.

Other creditors £21,360 (2022 - £80,117) represents balances due to PM Wine Trade Ltd, a company in which Mr G Ashton is also a director.