Registration number:
Vine Leisure Limited
for the Period from 1 July 2019 to 30 September 2020
Vine Leisure Limited
Contents
Company Information |
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Abridged Balance Sheet |
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Notes to the Unaudited Abridged Financial Statements |
Vine Leisure Limited
Company Information
Director |
Mr G Dyke |
Registered office |
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Vine Leisure Limited
(Registration number: 03197719)
Abridged Balance Sheet as at 30 September 2020
Note |
2020 |
2019 |
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Current assets |
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Stocks |
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Debtors |
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Cash at bank and in hand |
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Prepayments and accrued income |
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Creditors: Amounts falling due within one year |
( |
( |
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Total assets less current liabilities |
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Accruals and deferred income |
( |
( |
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Net assets |
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Capital and reserves |
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Called up share capital |
480,000 |
480,000 |
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Profit and loss account |
934,645 |
1,174,769 |
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Shareholders' funds |
1,414,645 |
1,654,769 |
For the financial period ending 30 September 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
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The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.
All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.
Approved and authorised by the
Vine Leisure Limited
(Registration number: 03197719)
Abridged Balance Sheet as at 30 September 2020
.........................................
Director
Vine Leisure Limited
Notes to the Unaudited Abridged Financial Statements for the Period from 1 July 2019 to 30 September 2020
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
These financial statements were authorised for issue by the
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Revenue recognition
Turnover shown in the profit and loss account represents amounts receivable from consultancy services to the leisure industry,the property sales and letting income,exclusive of value added tax.
Tax
The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.
Vine Leisure Limited
Notes to the Unaudited Abridged Financial Statements for the Period from 1 July 2019 to 30 September 2020
Tangible assets
Tangible assets are stated in the the stated at cost,less any subsequent accumulated depreciation and subsequent accumulated impairment.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
Asset class |
Depreciation method and rate |
Plant and equipment |
20% on cost |
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Stocks
Stocks are stated at the lower of cost and net realisable value, after making due allowance for
obsolete and slow moving items.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Staff numbers |
The average number of persons employed by the company (including the director) during the period, was
Vine Leisure Limited
Notes to the Unaudited Abridged Financial Statements for the Period from 1 July 2019 to 30 September 2020
Tangible assets |
Furniture, fittings and equipment |
Total |
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Cost or valuation |
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At 1 July 2019 |
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At 30 September 2020 |
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Depreciation |
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At 1 July 2019 |
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At 30 September 2020 |
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Carrying amount |
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At 30 September 2020 |
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Stocks |
2020 |
2019 |
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Other inventories |
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Share capital |
Allotted, called up and fully paid shares
2020 |
2019 |
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No. |
£ |
No. |
£ |
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480,000 |
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480,000 |
Vine Leisure Limited
Notes to the Unaudited Abridged Financial Statements for the Period from 1 July 2019 to 30 September 2020
Related party transactions |
During the period, the company repaid the loan of £200,000 ( 2019 - £200,000) owing to DGCC Limited. Also, in the year, the company made a loan of £200,000 (2019 - £Nil) to DGCC Limited. This loan was repaid by DGCC Limited in the period At 30 September 2020, the balance due from DGCC Limited was £Nil (2019 - £200,000 was owing to DGCC Limited). DGCC Limited is a company with common directors. Interest of £449 (2019 - £255) was paid in the period. Also, interest of £4,089 (2018 - £Nil) was received in the period.
During the period, the company repaid the deposits of £75,000 (2019 - £25,000) owing to Dummer Golf Limited. At 30 September 2020, the balance owing to Dummer Golf Limited was £Nil (2019 - £75,000). Dummer Golf Limited is a company with common directors. Interest of £282 (2019 - £264) was paid in the year.
During the period, the company repaid the deposits of £750,000 (2019 - £Nil) owing to Allan Webb Limited. At 30 September 2020, the balance owing to Allan Webb Limited was £Nil (2019 - £750,000). Allan Webb Limited is a company with a common director. Interest of £907 (2019 - £1,158) was paid in the year.
At 30 September 2020, half of the balance due from Fort Bovisand Developments Limited was written off and the other half of the balance was taken over by G Dyke at book value, the director of the company. The balance at 30 September 2020 was £Nil (2019 - £517,500). Fort Bovisand Developments Limited is a company with a common director.
At 30 September 2020, Mr G Dyke, the director of the company owed the company £259,174 (2019 - £Nil).
Directors' remuneration
The directors' remuneration for the period was as follows:
2020 |
2019 |
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Remuneration |
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Parent and ultimate parent undertaking |
The ultimate controlling party is