Domaine de Belfort (UK) Limited - Accounts to registrar - small 17.1

REGISTERED NUMBER: 04534762 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2016

FOR

DOMAINE DE BELFORT (UK) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

E A J Lismonde

J S Lismonde

M C A Lismonde

SECRETARY:

J S Lismonde

REGISTERED OFFICE:

The Apple Barn

Langley Park

Sutton Road

Maidstone

Kent

ME17 3NQ

REGISTERED NUMBER:

04534762 (England and Wales)

ACCOUNTANTS:

Radford Morris

The Apple Barn

Langley Park

Sutton Road

Maidstone

Kent

ME17 3NQ

FIXED ASSETS

Tangible assets

4

501,397

506,333

CURRENT ASSETS

Stocks

7,834

17,895

Debtors

5

7,844

16,866

Cash at bank and in hand

402,598

432,040

418,276

466,801

CREDITORS

Amounts falling due within one year

6

1,004,210

1,015,097

NET CURRENT LIABILITIES

(585,934

)

(548,296

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(84,537

)

(41,963

)

CAPITAL AND RESERVES

Called up share capital

631,000

631,000

Revaluation reserve

7

103,135

103,135

Retained earnings

(818,672

)

(776,098

)

SHAREHOLDERS' FUNDS

(84,537

)

(41,963

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2016 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 8 March 2017 and were signed on its behalf by:

M C A Lismonde - Director

1.	STATUTORY INFORMATION

Domaine de Belfort (UK) 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover represents the income of the company from its sales of wine and kitchen accessories.

Tangible fixed assets

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

Office equipment

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

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 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet

date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction.

Exchange differences are taken into account in arriving at the operating result.

Going concern

The financial statements have been prepared on a going concern basis, which assumes that the company will continue in

operation for the foreseeable future, on the grounds that continued financial support will be forthcoming.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 .

4.	TANGIBLE FIXED ASSETS

Fixtures

Long

Office

and

leasehold

equipment

fittings

Totals

£

£

£

£

COST OR VALUATION

At 1 January 2016

500,000

2,755

28,047

530,802

Disposals

-

-

(12,774

)

(12,774

)

At 31 December 2016

500,000

2,755

15,273

518,028

DEPRECIATION

At 1 January 2016

-

1,611

22,858

24,469

Charge for year

-

288

181

469

Eliminated on disposal

-

-

(8,307

)

(8,307

)

At 31 December 2016

-

1,899

14,732

16,631

NET BOOK VALUE

At 31 December 2016

500,000

856

541

501,397

At 31 December 2015

500,000

1,144

5,189

506,333

The directors have considered the value of the long leasehold property and consider that there would be no purpose in

charging depreciation on the asset as the current market price exceeds the original cost. They have therefore concluded that

the property should be revalued in the company's accounts basing their valuation on the price being asked for a similar

property.

Cost or valuation at 31 December 2016 is represented by:

Fixtures

Long

Office

and

leasehold

equipment

fittings

Totals

£

£

£

£

Valuation in 2015

103,135

-

-

103,135

Cost

396,865

2,755

15,273

414,893

500,000

2,755

15,273

518,028

If the long leasehold property had not been revalued it would have been included at the following historical cost:

2016

2015

£

£

Cost

396,865

396,865

The long leasehold property was valued on an open market basis on 31 December 2015 by the directors .

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Trade debtors

6,325

10,283

Other debtors

1,519

6,583

7,844

16,866

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Trade creditors

3,928

5,797

Taxation and social security

5,036

3,105

Other creditors

995,246

1,006,195

1,004,210

1,015,097

7.

RESERVES

Revaluation

reserve

£

At 1 January 2016

and 31 December 2016

103,135

8.	CONTINGENT LIABILITIES

There were no contingent liabilities at the year end.

9.	CAPITAL COMMITMENTS

The company had no capital commitments at the year end.

10.	RELATED PARTY DISCLOSURES

At the year end there are balances due to the directors totalling £826,848 (2015 - £698,136). The finance, which is

repayable on demand, is interest free.

11.	POST BALANCE SHEET EVENTS

There have been no significant post balance sheet events.

12.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is M C A Lismonde.