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ANTHONY BYRNE FINE WINES LIMITED |
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FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31ST MARCH 2017 |
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ANTHONY BYRNE FINE WINES LIMITED |
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FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31ST MARCH 2017 |
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ANTHONY BYRNE FINE WINES LIMITED (REGISTERED NUMBER: 01713692) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31ST MARCH 2017 |
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Page |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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ANTHONY BYRNE FINE WINES LIMITED |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 31ST MARCH 2017 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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SENIOR STATUTORY AUDITOR: |
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AUDITORS: |
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Registered Auditors |
Federation House |
36/38 Rockingham Road |
Kettering |
Northamptonshire |
NN16 8JS |
ANTHONY BYRNE FINE WINES LIMITED (REGISTERED NUMBER: 01713692) |
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BALANCE SHEET |
31ST MARCH 2017 |
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2017 | 2016 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 5 |
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Investment property | 6 |
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CURRENT ASSETS |
Stocks |
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Debtors | 7 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 8 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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PROVISIONS FOR LIABILITIES |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital |
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Revaluation reserve |
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Fair value reserve |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors on
on its behalf by: |
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ANTHONY BYRNE FINE WINES LIMITED (REGISTERED NUMBER: 01713692) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31ST MARCH 2017 |
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1. | STATUTORY INFORMATION |
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Anthony Byrne Fine Wines Limited is a
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Wales. The company's registered number and registered office address can be found on the Company |
Information page. |
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2. | STATEMENT OF COMPLIANCE |
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3. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, |
rebates, value added tax and other sales taxes. |
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Tangible fixed assets |
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Land and buildings | - |
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Furniture and equipment | - |
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Motor vehicles | - |
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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. |
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Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for |
obsolete and slow moving items. |
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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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at |
the balance sheet date. |
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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. |
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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. |
ANTHONY BYRNE FINE WINES LIMITED (REGISTERED NUMBER: 01713692) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31ST MARCH 2017 |
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3. | ACCOUNTING POLICIES - continued |
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Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the |
company's pension scheme are charged to profit or loss in the period to which they relate. |
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4. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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5. | TANGIBLE FIXED ASSETS |
Furniture |
Land and | and | Motor |
buildings | equipment | vehicles | Totals |
£ | £ | £ | £ |
COST OR VALUATION |
At 1st April 2016 |
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Additions |
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Disposals | ( |
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( |
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Revaluations |
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At 31st March 2017 |
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DEPRECIATION |
At 1st April 2016 |
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Charge for year |
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Eliminated on disposal | ( |
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( |
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At 31st March 2017 |
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NET BOOK VALUE |
At 31st March 2017 |
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At 31st March 2016 |
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Included in cost or valuation of land and buildings is freehold land of £ 140,000 (2016 - £ 140,000 ) |
which is not depreciated. |
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Freehold land and buildings were revalued on an open market basis on 31st March 2017 by Barker |
Storey Matthews and this has now been adopted as deemed cost under FRS 102. |
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6. | INVESTMENT PROPERTY |
Total |
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FAIR VALUE |
At 1st April 2016 |
and 31st March 2017 |
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NET BOOK VALUE |
At 31st March 2017 |
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At 31st March 2016 |
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ANTHONY BYRNE FINE WINES LIMITED (REGISTERED NUMBER: 01713692) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31ST MARCH 2017 |
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6. | INVESTMENT PROPERTY - continued |
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Fair value at 31st March 2017 is represented by: |
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£ |
Valuation in 2017 | 1,625,000 |
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If the investment property had not been revalued it would have been included at the following historical |
cost: |
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2017 | 2016 |
£ | £ |
Cost | 808,388 | 808,388 |
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The investment property was valued on a fair value basis on 31st March 2017 by the directors . |
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7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Trade debtors |
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Other debtors |
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8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Trade creditors |
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Taxation and social security |
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Other creditors |
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9. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
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The Report of the Auditors was unqualified. |
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for and on behalf of
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10. | RELATED PARTY DISCLOSURES |
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During the year, total dividends of £9,740 (2016 - £10,000) were paid to the directors . |
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The directors own a business,
Caterplan Services LLP,
which trades with the company. Purchases
from Caterplan Services LLP amounted to £371,825 (201 6 - £364,145) during the year, and at the balance sheet date the company owed Caterplan Service s LLP £60,033 (2016 - £75,071). |
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The directors' pension scheme owns part of the premises from which the company operates. Rent for |
this part of these premises amounted to £44,350 (2016 - £44,350) for the year. |