Company Registration No. 10944964 (England and Wales)
Platinum Cask Ltd
Unaudited accounts
for the period from 1 October 2019 to 31 December 2020
Platinum Cask Ltd
Unaudited accounts
Contents
Platinum Cask Ltd
Company Information
for the period from 1 October 2019 to 31 December 2020
Directors
L Haseman
D Monk
Company Number
10944964 (England and Wales)
Registered Office
4 DAVIS WAY
FAREHAM
HAMPSHIRE
PO14 1JF
UNITED KINGDOM
Accountants
Hampshire Accountancy Services
College Court
15 Bowen Lane
Petersfield
Hampshire
GU31 4DR
Platinum Cask Ltd
Statement of financial position
as at
31 December 2020
Inventories
282,650
240,675
Cash at bank and in hand
531
2,165
Creditors: amounts falling due within one year
(38,506)
(25,257)
Net current assets
336,227
227,583
Total assets less current liabilities
336,227
227,583
Creditors: amounts falling due after more than one year
(305,105)
(245,668)
Net assets/(liabilities)
31,122
(18,085)
Called up share capital
10,000
10,000
Profit and loss account
21,122
(28,085)
Shareholders' funds
31,122
(18,085)
For the period ending 31 December 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 8 October 2021 and were signed on its behalf by
L Haseman
Director
Company Registration No. 10944964
Platinum Cask Ltd
Notes to the Accounts
for the period from 1 October 2019 to 31 December 2020
Platinum Cask Ltd is a private company, limited by shares, registered in England and Wales, registration number 10944964. The registered office is 4 DAVIS WAY, FAREHAM, HAMPSHIRE, PO14 1JF, UNITED KINGDOM.
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Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The Accounting period has been extended to 15months to year end 31st December 2020.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
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Debtors: amounts falling due within one year
2020
2019
Amounts due from group undertakings etc.
91,552
10,000
Platinum Cask Ltd
Notes to the Accounts
for the period from 1 October 2019 to 31 December 2020
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Creditors: amounts falling due within one year
2020
2019
Taxes and social security
3,811
13
Other creditors
33,695
22,494
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Creditors: amounts falling due after more than one year
2020
2019
Amounts owed to group undertakings and other participating interests
287,197
227,760
Loans from directors
17,908
17,908
The controlling party is Fah Mai Holdings, Inc.
Fah Mai Holdings, Inc. owns 100% of the issued share capital in Platinum Cask Ltd
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Average number of employees
During the period the average number of employees was 0 (2019: 0).