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REGISTERED NUMBER: 05997034 (England and Wales)


























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH NOVEMBER 2023

FOR

WINCHESTER DISTILLERY LIMITED

WINCHESTER DISTILLERY LIMITED (REGISTERED NUMBER: 05997034)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH NOVEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WINCHESTER DISTILLERY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH NOVEMBER 2023







DIRECTOR: Mr S P Bowler





SECRETARY: Mrs R Bowler





REGISTERED OFFICE: Fleming Court
Leigh Road
Eastleigh
Southampton
Hampshire
SO50 9PD





BUSINESS ADDRESS: Unit C St Martins Trade Park
Nickel Close
Winchester
Hampshire
SO23 7RJ





REGISTERED NUMBER: 05997034 (England and Wales)






WINCHESTER DISTILLERY LIMITED (REGISTERED NUMBER: 05997034)

BALANCE SHEET
30TH NOVEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 - -
Tangible assets 6 68,687 74,268
68,687 74,268

CURRENT ASSETS
Stocks 274,734 307,279
Debtors 7 40,288 47,584
Cash at bank 67,653 136,762
382,675 491,625
CREDITORS
Amounts falling due within one year 8 39,580 23,785
NET CURRENT ASSETS 343,095 467,840
TOTAL ASSETS LESS CURRENT
LIABILITIES

411,782

542,108

CREDITORS
Amounts falling due after more than one year 9 (15,000 ) (33,037 )

PROVISIONS FOR LIABILITIES (3,500 ) (3,500 )
NET ASSETS 393,282 505,571

CAPITAL AND RESERVES
Called up share capital 10 113 113
Share premium 582,736 582,736
Retained earnings (189,567 ) (77,278 )
SHAREHOLDERS' FUNDS 393,282 505,571

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th November 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

WINCHESTER DISTILLERY LIMITED (REGISTERED NUMBER: 05997034)

BALANCE SHEET - continued
30TH NOVEMBER 2023


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 21st August 2024 and were signed by:





Mr S P Bowler - Director


WINCHESTER DISTILLERY LIMITED (REGISTERED NUMBER: 05997034)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH NOVEMBER 2023


1. STATUTORY INFORMATION

Winchester Distillery Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Trademarks are being amortised evenly over their estimated useful life of five years.

Website design are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - Over the remaining term of the lease
Plant and machinery - 20% straight line
Fixtures and fittings - 20% straight line
Computer equipment - 33% straight line

All fixed assets are initially recorded at cost.

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

WINCHESTER DISTILLERY LIMITED (REGISTERED NUMBER: 05997034)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH NOVEMBER 2023


3. ACCOUNTING POLICIES - continued

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.

Pension costs and other post-retirement benefits
The company contributes to a defined contribution pension scheme. Contributions payable to the pension scheme are charged to profit or loss in the period to which they relate.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Operating lease agreements
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 4 ) .

5. INTANGIBLE FIXED ASSETS
Website
Trademarks design Totals
£    £    £   
COST
At 1st December 2022
and 30th November 2023 3,355 2,890 6,245
AMORTISATION
At 1st December 2022
and 30th November 2023 3,355 2,890 6,245
NET BOOK VALUE
At 30th November 2023 - - -
At 30th November 2022 - - -

6. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1st December 2022 34,828 111,794 21,693 5,449 173,764
Additions - 24,500 - - 24,500
At 30th November 2023 34,828 136,294 21,693 5,449 198,264
DEPRECIATION
At 1st December 2022 13,893 62,967 17,411 5,225 99,496
Charge for year 5,398 22,143 2,325 215 30,081
At 30th November 2023 19,291 85,110 19,736 5,440 129,577
NET BOOK VALUE
At 30th November 2023 15,537 51,184 1,957 9 68,687
At 30th November 2022 20,935 48,827 4,282 224 74,268

WINCHESTER DISTILLERY LIMITED (REGISTERED NUMBER: 05997034)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH NOVEMBER 2023


7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 28,840 31,247
Other debtors 11,448 16,337
40,288 47,584

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 8,636 3,148
Taxation and social security 14,117 2,081
Other creditors 6,827 8,556
39,580 23,785

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 15,000 25,000
Other creditors - 8,037
15,000 33,037

The bank loans are guaranteed by the Government (being part of the Business Bounce Back Loan Scheme (BBLS) in response to the coronavirus outbreak).

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary 1 - -
10,922,478 A Ordinary £0.00001 109 109
449,073 B Investment £0.00001 4 4
113 113

11. OTHER FINANCIAL COMMITMENTS

Total future financial commitments, guarantees and contingencies which are not included in the balance sheet amount to £49,625 (2022: £69,475).

This amount is in relation to operating lease commitments which are payable over the next 3 years (2022: 4 years).