67 Pall Mall Limited - Accounts to registrar - small 17.2

67 Pall Mall Limited - Accounts to registrar - small 17.2

67 PALL MALL LIMITED - Company Information

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REGISTERED NUMBER: 07373113 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2016

FOR

67 PALL MALL LIMITED

67 PALL MALL LIMITED (REGISTERED NUMBER: 07373113)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2016










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


67 PALL MALL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2016







DIRECTORS: G Ashton
G Fink
O Herregods
Ms C Morton
I Smith
C Tuffey





SECRETARY: A Innes





REGISTERED OFFICE: 67 Pall Mall
London
SW1Y 5ES





REGISTERED NUMBER: 07373113 (England and Wales)





ACCOUNTANTS: Arithma LLP
Chartered Certified Accountants
9 Mansfield Street
London
W1G 9NY
Page 1
67 PALL MALL LIMITED (REGISTERED NUMBER: 07373113)

BALANCE SHEET
30 SEPTEMBER 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 87,264 174,529
Tangible assets 3 7,243,503 4,608,770
7,330,767 4,783,299

CURRENT ASSETS
Stocks 816,998 9,694
Debtors 4 512,474 504,486
Cash at bank 740 35,653
1,330,212 549,833
CREDITORS
Amounts falling due within one year 5 4,334,131 1,831,677
NET CURRENT LIABILITIES (3,003,919 ) (1,281,844 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
4,326,848
3,501,455

CREDITORS
Amounts falling due after more than one
year
6
3,760,832
1,445,827
NET ASSETS 566,016 2,055,628

CAPITAL AND RESERVES
Called up share capital 8 2,433,826 2,253,826
Share premium 9 1,230,807 960,807
Profit and loss account 9 (3,098,617 ) (1,159,005 )
SHAREHOLDERS' FUNDS 566,016 2,055,628

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2016 in accordance with Section 476 of the Companies Act 2006.

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.

The notes form part of these financial statements

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67 PALL MALL LIMITED (REGISTERED NUMBER: 07373113)

BALANCE SHEET - continued
30 SEPTEMBER 2016


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 31 July 2017 and were signed on its
behalf by:





G Ashton - Director


The notes form part of these financial statements

Page 3
67 PALL MALL LIMITED (REGISTERED NUMBER: 07373113)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2016


1. ACCOUNTING POLICIES

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 January 2015).

TURNOVER
Turnover represents net invoiced sales of goods and membership fees, excluding value added tax.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

Short leasehold - Over duration of lease -15 years

STOCKS
Stocks are valued at the lower of cost and net realisable value, after making due allowance for
obsolete and slow moving items.

INTANGIBLE ASSETS
Intangible assets are amortised over 3 years on a straight line basis.

2. INTANGIBLE FIXED ASSETS
Branding
£   
COST
At 1 October 2015
and 30 September 2016 261,793
AMORTISATION
At 1 October 2015 87,264
Amortisation for year 87,265
At 30 September 2016 174,529
NET BOOK VALUE
At 30 September 2016 87,264
At 30 September 2015 174,529

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67 PALL MALL LIMITED (REGISTERED NUMBER: 07373113)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2016


3. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 October 2015 4,364,390 716,936 5,081,326
Additions 2,914,224 304,110 3,218,334
At 30 September 2016 7,278,614 1,021,046 8,299,660
DEPRECIATION
At 1 October 2015 290,959 181,597 472,556
Charge for year 436,674 146,927 583,601
At 30 September 2016 727,633 328,524 1,056,157
NET BOOK VALUE
At 30 September 2016 6,550,981 692,522 7,243,503
At 30 September 2015 4,073,431 535,339 4,608,770

4. DEBTORS
2016 2015
£    £   
Amounts falling due within one year:
Trade debtors 219,665 89,173
Other debtors 232,809 353,573
452,474 442,746

Amounts falling due after more than one year:
Other debtors 60,000 61,740

Aggregate amounts 512,474 504,486

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2016 2015
£    £   
Trade creditors 1,394,636 159,976
Taxation and social security 296,200 16,416
Other creditors 2,643,295 1,655,285
4,334,131 1,831,677

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2016 2015
£    £   
Other creditors 3,760,832 1,445,827

Page 5 continued...
67 PALL MALL LIMITED (REGISTERED NUMBER: 07373113)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2016


7. LOANS

An analysis of the maturity of loans is given below:

2016 2015
£    £   
Amounts falling due between one and two years:
Shareholders loan 3,760,832 1,445,827

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £    £   
2,433,826 ordinary £1 2,433,826 2,253,826

180,000 ordinary shares of £1 were issued during the year for cash of £ 450,000 .

9. RESERVES
Profit
and loss Share
account premium Totals
£    £    £   

At 1 October 2015 (1,159,005 ) 960,807 (198,198 )
Deficit for the year (1,939,612 ) (1,939,612 )
Cash share issue - 270,000 270,000
At 30 September 2016 (3,098,617 ) 1,230,807 (1,867,810 )

10. RELATED PARTY DISCLOSURES

Creditors include £70 (2015: £70) due to Mr G Ashton, director, on his loan account with the
company.

Included in other debtors are unpaid share capital of £140,000 (2015: £140,000) in respect of shares
issued to Mr G Ashton on 19 September 2015

Creditors includes £23,713 (2015: £89,262 - due from) due to PMWine Trade Limited, a company in
which Mr G Ashton is a director and minority shareholder.

During the year, the company purchased fine wines amounting to £938,455 (2015: £14,431) from
PMWine Trade Limited and £115,830 from Mr G Ashton. £115,830 was due to Mr G Ashton.

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