A_&_B_VINTNERS_LIMITED

A & B VINTNERS LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 DECEMBER 2015

- 1 -

2015

2014

Notes

Fixed assets

Intangible assets

55,099

40,539

Tangible assets

33,099

37,298

Investments

50,001

138,199

127,838

Current assets

Stock

498,403

476,477

Debtors

1,186,057

884,188

Cash at bank and in hand

314,979

98,831

1,999,439

1,459,496

Creditors: amounts falling due within one year

(1,666,037)

(1,217,226)

Net current assets

333,402

242,270

Total assets less current liabilities

471,601

370,108

Creditors: amounts falling due after more than one year

(14,109)

(16,978)

Provisions for liabilities

(12,311)

(9,248)

445,181

343,882

Capital and reserves

Called up share capital

50,000

Profit and loss account

395,181

293,882

Shareholders' funds

445,181

343,882

A & B VINTNERS LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

31 DECEMBER 2015

- 2 -

For the financial year ended 31 December 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 22 September 2016

Mr J. C. Arnold

Mr S. C. Davies

Director

Company Registration No. 03570581

A & B VINTNERS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2015

- 3 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts invoiced for goods net of VAT and trade discounts, including En Primeur sales.

1.4

Intangible fixed assets

Where the directors are satisfied as to the technical, commercial and financial viability of individual projects, development expenditure is deferred and amortised over the period during which the company is expected to benefit.

1.5

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Plant and machinery

Fixtures, fittings & equipment

15% & 25% Reducing Balance

Motor vehicles

25% Reducing Balance

1.6

Investments

Fixed asset investments are stated at cost less provision for diminution in value.

1.7

Foreign currency translation

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.

1.8

Group accounts

The financial statements present information about the company as an individual undertaking and not about its group. The company and its subsidiary undertaking comprise a small-sized group. The company has therefore taken advantage of the exemptions provided by section 399 of the Companies Act 2006 not to prepare group accounts.

1.9

Stock and work in progress

Stock is valued at the lower of cost and net realisable value.

A & B VINTNERS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2015

- 4 -

Fixed assets

Intangible assets

Tangible assets

Investments

Total

Cost

At 1 January 2015

40,539

88,077

50,001

178,617

Additions

20,550

2,609

23,159

Disposals

(6,472)

At 31 December 2015

61,089

84,214

50,001

195,304

Depreciation

At 1 January 2015

50,779

On disposals

(6,105)

Charge for the year

5,990

6,441

12,431

At 31 December 2015

5,990

51,115

57,105

Net book value

At 31 December 2015

55,099

33,099

50,001

138,199

At 31 December 2014

40,539

37,298

50,001

127,838

Holdings of more than 20%

The company holds more than 20% of the share capital of the following companies:

Company

Country of registration or

Shares held

incorporation

Class

Subsidiary undertakings

Triage Wines Limited

England & Wales

Ordinary

100.00

A B Vintners Limited

England & Wales

Ordinary

100.00

The aggregate amount of capital and reserves and the results of these undertakings for the last relevant financial year were as follows:

Capital and reserves

Profit/(loss) for the year

2015

Principal activity

Triage Wines Limited

Retail of wine

69,882

43,536

A B Vintners Limited

Dormant

A & B VINTNERS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2015

- 5 -

Creditors: amounts falling due within one year

The aggregate amount of creditors for which security has been given amounted to £2,870 (2014 - £2,770).

Creditors: amounts falling due after more than one year

The aggregate amount of creditors for which security has been given amounted to £14,109 (2014 - £16,978).

The obligations under hire purchase contracts are secured against the related assets

Share capital

2015

2014

Allotted, called up and fully paid

50,000 Ordinary shares of £1 each

50,000

Ultimate parent company

Mr J. C. Arnold is the ultimate controlling party.