Company Registration No. 07789663 (England and Wales)
Honey and Vine Limited
Annual report and unaudited financial statements
For the year ended 31 October 2016
Pages for filing with registrar
55 L
oudoun Road
St J
ohn's Wood
Lon
don NW8 0DL
HONEY AND VINE LIMITED
COMPANY INFORMATION
Directors
O Smith Esq
S Smith
Secretary
MGRWK Company Secretaries Limited
Company number
07789663
Registered office
55 Loudoun Road
St John's Wood
London
NW8 0DL
Accountants
MGR Weston Kay LLP
55 Loudoun Road
St John's Wood
London
NW8 0DL
HONEY AND VINE LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 5
HONEY AND VINE LIMITED
BALANCE SHEET
AS AT
31 OCTOBER 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
3
19,358
23,808
Current assets
Debtors
4
5,919
23,699
Cash at bank and in hand
131,657
82,275
137,576
105,974
Creditors: amounts falling due within one year
5
(88,435)
(79,787)
Net current assets
49,141
26,187
Total assets less current liabilities
68,499
49,995
Capital and reserves
Called up share capital
6
2
2
Profit and loss reserves
7
68,497
49,993
Total equity
68,499
49,995

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 October 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.

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

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

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

HONEY AND VINE LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 OCTOBER 2016
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 21 July 2017 and are signed on its behalf by:
O Smith Esq
Director
Company Registration No. 07789663
HONEY AND VINE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2016
- 3 -
1
Accounting policies
Company information

Honey and Vine Limited is a private company limited by shares incorporated in England and Wales. The registered office is 55 Loudoun Road, St John's Wood, London, NW8 0DL.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

These financial statements for the year ended 31 October 2016 are the first financial statements of Honey and Vine Limited prepared in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland. The date of transition to FRS 102 was 1 November 2015. The reported financial position and financial performance for the previous period are not affected by the transition to FRS 102.

1.2
Turnover
Turnover represents amounts receivable for services net of VAT.
1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures, fittings & equipment
25% reducing balance method
1.4
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was 3 (2015 - 3).

HONEY AND VINE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2016
- 4 -
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 November 2015
48,053
Additions
2,486
At 31 October 2016
50,539
Depreciation and impairment
At 1 November 2015
24,245
Depreciation charged in the year
6,936
At 31 October 2016
31,181
Carrying amount
At 31 October 2016
19,358
At 31 October 2015
23,808
4
Debtors
2016
2015
Amounts falling due within one year:
£
£
Trade debtors
1,023
22,865
Other debtors
4,896
834
5,919
23,699
5
Creditors: amounts falling due within one year
2016
2015
£
£
Trade creditors
8,392
11,260
Corporation tax
26,247
18,013
Other taxation and social security
16,562
12,192
Other creditors
37,234
38,322
88,435
79,787
HONEY AND VINE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2016
- 5 -
6
Called up share capital
2016
2015
£
£
Ordinary share capital
Issued and fully paid
2 Ordinary of £1 each
2
2
7
Profit and loss reserves
2016
2015
£
£
At the beginning of the year
49,993
58,618
Profit for the year
98,504
71,375
Dividends
(80,000)
(80,000)
At the end of the year
68,497
49,993
8
Control

The company is jointly controlled by Oliver and Sophie Smith by virtue of their combined shareholding in the company.

9
Related party relationships and transactions

Dividends totalling £80,000 (2015 - £80000) were paid in the year in respect of shares held by the company's directors.

Oliver and Sophie Smith are directors of the company. At the balance sheet date, included within creditors is an amount owed by the company to the directors of £16,380 (2015: £21,160).

2016-10-312015-11-01falseCCH SoftwareCCH Accounts Production 2017.11021 July 2017077896632015-11-012016-10-3107789663bus:Director12015-11-012016-10-3107789663bus:Director22015-11-012016-10-3107789663bus:CompanySecretary12015-11-012016-10-3107789663bus:RegisteredOffice2015-11-012016-10-31077896632016-10-31077896632015-10-3107789663core:OtherPropertyPlantEquipment2016-10-3107789663core:OtherPropertyPlantEquipment2015-10-3107789663core:CurrentFinancialInstruments2016-10-3107789663core:CurrentFinancialInstruments2015-10-3107789663core:ShareCapital2016-10-3107789663core:ShareCapital2015-10-3107789663core:RetainedEarningsAccumulatedLosses2016-10-3107789663core:RetainedEarningsAccumulatedLosses2015-10-3107789663core:FurnitureFittings2015-11-012016-10-3107789663core:OtherPropertyPlantEquipment2015-10-3107789663core:OtherPropertyPlantEquipment2015-11-012016-10-3107789663core:Non-currentFinancialInstruments2016-10-3107789663core:LandBuildings2015-10-31077896632014-11-012015-10-3107789663bus:PrivateLimitedCompanyLtd2015-11-012016-10-3107789663bus:FRS1022015-11-012016-10-3107789663bus:AuditExemptWithAccountantsReport2015-11-012016-10-3107789663bus:FullAccounts2015-11-012016-10-31xbrli:purexbrli:sharesiso4217:GBP

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