| REGISTERED NUMBER: |
| REPORT OF THE DIRECTORS AND |
| UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025 |
| FOR |
| WORTHINGTON WINE AND SPIRITS UK LIMITED |
| REGISTERED NUMBER: |
| REPORT OF THE DIRECTORS AND |
| UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025 |
| FOR |
| WORTHINGTON WINE AND SPIRITS UK LIMITED |
| WORTHINGTON WINE AND SPIRITS UK LIMITED (REGISTERED NUMBER: 08532296) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 28 FEBRUARY 2025 |
| Page |
| Company Information | 1 |
| Report of the Directors | 2 |
| Report of the Accountants | 3 |
| Income Statement | 4 |
| Balance Sheet | 5 |
| Notes to the Financial Statements | 6 |
| WORTHINGTON WINE AND SPIRITS UK LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 28 FEBRUARY 2025 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Marlborough House |
| 298 Regents Park Road |
| London |
| N3 2SZ |
| WORTHINGTON WINE AND SPIRITS UK LIMITED (REGISTERED NUMBER: 08532296) |
| REPORT OF THE DIRECTORS |
| FOR THE YEAR ENDED 28 FEBRUARY 2025 |
| The directors present their report with the financial statements of the company for the year ended 28 February 2025. |
| PRINCIPAL ACTIVITY |
| The principal activity of the company in the year under review was that of distribution of wine and spirits. |
| DIRECTORS |
| The directors shown below have held office during the whole of the period from 1 March 2024 to the date of this report. |
| This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies. |
| ON BEHALF OF THE BOARD: |
| WORTHINGTON WINE AND SPIRITS UK LIMITED |
| REPORT OF THE ACCOUNTANTS TO THE DIRECTORS OF |
| WORTHINGTON WINE AND SPIRITS UK LIMITED |
| In accordance with the engagement letter, and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of the company from the accounting records and information and explanations you have given to us. |
| This report is made to the director in accordance with the terms of our engagement. Our work has been undertaken to prepare for approval by the director the financial statements that we have been engaged to compile, to report to the director that we have done so, and to state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's director for our work or for this report. |
| You have acknowledged on the balance sheet as at year ended 28 February 2025 your duty to ensure that the company has kept proper accounting records and to prepare financial statements that give a true and fair view under the Companies Act 2006. You consider that the company is exempt from the statutory requirement for an audit for the year. |
| We have not been instructed to carry out an audit of the financial statements. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements. |
| Marlborough House |
| 298 Regents Park Road |
| London |
| N3 2SZ |
| WORTHINGTON WINE AND SPIRITS UK LIMITED (REGISTERED NUMBER: 08532296) |
| INCOME STATEMENT |
| FOR THE YEAR ENDED 28 FEBRUARY 2025 |
| 28.2.25 | 29.2.24 |
| £ | £ | £ | £ |
| TURNOVER |
| Cost of sales |
| GROSS PROFIT |
| Distribution costs |
| Administrative expenses |
| 145,772 | 81,046 |
| OPERATING PROFIT |
| Interest receivable and similar income |
| PROFIT BEFORE TAXATION |
| Tax on profit |
| PROFIT FOR THE FINANCIAL YEAR |
| WORTHINGTON WINE AND SPIRITS UK LIMITED (REGISTERED NUMBER: 08532296) |
| BALANCE SHEET |
| 28 FEBRUARY 2025 |
| 28.2.25 | 29.2.24 |
| Notes | £ | £ |
| CURRENT ASSETS |
| Stocks | 4 |
| Debtors | 5 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital | 7 |
| Retained earnings | 8 |
| SHAREHOLDERS' FUNDS |
| 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 financial statements were approved by the Board of Directors and authorised for issue on |
| WORTHINGTON WINE AND SPIRITS UK LIMITED (REGISTERED NUMBER: 08532296) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 28 FEBRUARY 2025 |
| 1. | STATUTORY INFORMATION |
| Worthington Wine and Spirits UK Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
| 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. |
| 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. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | STOCKS |
| 28.2.25 | 29.2.24 |
| £ | £ |
| Finished goods |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 28.2.25 | 29.2.24 |
| £ | £ |
| Trade debtors |
| Other debtors |
| VAT |
| WORTHINGTON WINE AND SPIRITS UK LIMITED (REGISTERED NUMBER: 08532296) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 28 FEBRUARY 2025 |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 28.2.25 | 29.2.24 |
| £ | £ |
| Trade creditors |
| Corporation tax |
| Other creditors |
| 7. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 28.2.25 | 29.2.24 |
| value: | £ | £ |
| Ordinary shares | £1 | 1 | 1 |
| 8. | RESERVES |
| Retained |
| earnings |
| £ |
| At 1 March 2024 |
| Profit for the year |
| At 28 February 2025 |
| 9. | RELATED PARTY DISCLOSURES |
| J V Hooper has controlling interest in the following companies: |
| Gravel Junction (Pty) Limited |
| At the balance sheet date, included within other debtors due within one year, is an amount of £223,246 (2024: £168,511) owed to Worthington Wine and Spirits UK Limited. This loan is interest free, long term in nature and repayable on demand. |
| Stellar Limited |
| At the balance sheet date, included within other creditor due within one year, is an amount of £80,000 (2024 - £80,000) owed by Worthington Wine and Spirits UK Limited. This loan is interest free, long term in nature and repayable on demand. |