Lloyd Brothers Wine & Olive Company Ltd - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 08624675 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30th June 2023

for

Lloyd Brothers Wine & Olive Company Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

D H Lloyd

Mrs L Lloyd

REGISTERED OFFICE:

Beauly House

Milley Road

Waltham Saint Lawrence

Reading

Berkshire

RG10 0JP

REGISTERED NUMBER:

08624675 (England and Wales)

ACCOUNTANTS:

Bew & Co Limited

Chartered Accountants

130 High Street

Marlborough

Wiltshire

SN8 1LZ

FIXED ASSETS

Tangible assets

4

260

346

Investments

5

624,209

535,962

Investment property

6

376,695

376,695

1,001,164

913,003

CURRENT ASSETS

Cash at bank

21,003

27,201

CREDITORS

Amounts falling due within one year

7

988,900

932,423

NET CURRENT LIABILITIES

(967,897

)

(905,222

)

TOTAL ASSETS LESS CURRENT LIABILITIES

33,267

7,781

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

33,265

7,779

SHAREHOLDERS' FUNDS

33,267

7,781

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 2023 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 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 21st March 2024 and were signed on its behalf by:

D H Lloyd - Director

1.	STATUTORY INFORMATION

Lloyd Brothers Wine & Olive Company Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Tangible fixed assets

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

Plant and machinery etc

-

25% on cost

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st July 2022

and 30th June 2023

4,116

DEPRECIATION

At 1st July 2022

3,770

Charge for year

86

At 30th June 2023

3,856

NET BOOK VALUE

At 30th June 2023

260

At 30th June 2022

346

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1st July 2022

535,962

Additions

166,722

Disposals

(78,475

)

At 30th June 2023

624,209

NET BOOK VALUE

At 30th June 2023

624,209

At 30th June 2022

535,962

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1st July 2022

and 30th June 2023

376,695

NET BOOK VALUE

At 30th June 2023

376,695

At 30th June 2022

376,695

The directors believe that the market value of the investment property at 30th June 2023 is not materially different from the original cost shown in the accounts.

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.23

30.6.22

£

£

Trade creditors

1,056

14,193

Lloyd Investments

532,380

407,410

Directors' current accounts

453,749

508,049

Accruals and deferred income

1,715

2,771

988,900

932,423