REGISTERED NUMBER:
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ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2014 |
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GREYFRIARS VINEYARD LIMITED |
REGISTERED NUMBER:
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ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2014 |
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FOR |
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GREYFRIARS VINEYARD LIMITED |
GREYFRIARS VINEYARD LIMITED (REGISTERED NUMBER: 07397728) |
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CONTENTS OF THE ABBREVIATED ACCOUNTS |
For The Year Ended 31 December 2014 |
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Page |
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Company Information | 1 |
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Abbreviated Balance Sheet | 2 |
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Notes to the Abbreviated Accounts | 4 |
GREYFRIARS VINEYARD LIMITED |
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COMPANY INFORMATION |
For The Year Ended 31 December 2014 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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GREYFRIARS VINEYARD LIMITED (REGISTERED NUMBER: 07397728) |
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ABBREVIATED BALANCE SHEET |
31 December 2014 |
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2014 | 2013 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 2 |
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CURRENT ASSETS |
Stocks |
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Debtors |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year |
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NET CURRENT ASSETS/(LIABILITIES) |
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( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
( |
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( |
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PROVISIONS FOR LIABILITIES | ( |
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NET LIABILITIES | ( |
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CAPITAL AND RESERVES |
Called up share capital | 3 |
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Profit and loss account | ( |
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SHAREHOLDERS' FUNDS | ( |
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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. |
GREYFRIARS VINEYARD LIMITED (REGISTERED NUMBER: 07397728) |
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ABBREVIATED BALANCE SHEET - continued |
31 December 2014 |
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The financial statements were approved by the Board of Directors on
by: |
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GREYFRIARS VINEYARD LIMITED (REGISTERED NUMBER: 07397728) |
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NOTES TO THE ABBREVIATED ACCOUNTS |
For The Year Ended 31 December 2014 |
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1. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
The financial statements have been prepared on a going concern basis, which the directors consider to be |
appropriate, as they have agreed not to withdraw their loan accounts and to provide the necessary finance to |
enable the company to meet its liabilities as they fall due. |
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Accounting convention |
The financial statements have been prepared under the historical cost convention and in accordance with the |
Financial Reporting Standard for Smaller Entities (effective April 2008). |
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Turnover |
Turnover represents net invoiced sales of wine and rental income from premises, excluding value added tax. |
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Tangible fixed assets |
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Freehold property | - |
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Plant and machinery | - |
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Fixtures and fittings | - |
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Motor vehicles | - |
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Computer equipment | - |
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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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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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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. |
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Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the |
period of the lease. |
GREYFRIARS VINEYARD LIMITED (REGISTERED NUMBER: 07397728) |
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NOTES TO THE ABBREVIATED ACCOUNTS - continued |
For The Year Ended 31 December 2014 |
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2. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 January 2014 |
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Additions |
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At 31 December 2014 |
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DEPRECIATION |
At 1 January 2014 |
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Charge for year |
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At 31 December 2014 |
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NET BOOK VALUE |
At 31 December 2014 |
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At 31 December 2013 |
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3. | CALLED UP SHARE CAPITAL |
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Allotted and issued: |
Number: | Class: | Nominal | 2014 | 2013 |
value: | £ | £ |
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Ordinary | £1 |
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4. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
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As at 31 December 2014, M J Wagstaff had loaned the company £3,015,860 (2013 - £2,583,003) of which |
£315,860 is repayable upon demand and £2,700,000 is repayable in more than one year from the balance sheet |
date. There is no interest due on the loan. |
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5. | ULTIMATE CONTROLLING PARTY |
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The directors are considered to be the ultimate controlling parties by virtue of their ability to act in concert in |
respect of the financial and operating policies. |