Registration number: 13265774

Diistil Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 8

Diistil Limited

Company Information

Director

Mr Inder Raj Batra

Registered office

52A Expressway Studios North Woolwich Road London E16 2AA

Accountants

RiverView Portfolio Limited 1 Market Hill Calne Wiltshire SN11 0BT

Diistil Limited

(Registration number: 13265774)
Balance Sheet as at 31 December 2024

	Note	2024 £	2023 £
Fixed assets
Intangible assets	5	16,800	18,115
Tangible assets	6	40,032	36,018
		56,832	54,133
Current assets
Stocks	7	17,983	17,723
Debtors	8	30,545	13,404
Cash at bank and in hand		90,793	1,263
		139,321	32,390
Creditors: Amounts falling due within one year	9	(26,746)	(8,561)
Net current assets		112,575	23,829
Total assets less current liabilities		169,407	77,962
Creditors: Amounts falling due after more than one year	9	(541,038)	(617,130)
Net liabilities		(371,631)	(539,168)
Capital and reserves
Called up share capital	10	1,052	1,000
Share premium reserve		465,966	-
Retained earnings		(838,649)	(540,168)
Shareholders' deficit		(371,631)	(539,168)

For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

Approved and authorised by the director on 30 September 2025
 

......................................... Mr Inder Raj Batra Company secretary and director

Diistil Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
52A Expressway Studios
North Woolwich Road
London
E16 2AA

These financial statements were authorised for issue by the director on 30 September 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Diistil Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

2	Accounting policies (continued)

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Computer Equipment	Straight Line 25%
Plant & Machinery	Straight Line 15%
Fixtures & Fittings	Straight Line 25%
Distillery Equipment	Straight Line 20%

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Domain Name	Straight Line 15%

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Diistil Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

2	Accounting policies (continued)

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company during the year, was 3 (2023 - 2).

4	Loss before tax

Arrived at after charging/(crediting)

	2024 £	2023 £
Depreciation expense	14,206	12,804

Diistil Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

5	Intangible assets

	Other intangible assets  £	Total £
Cost or valuation
At 1 January 2024	19,720	19,720
At 31 December 2024	19,720	19,720
Amortisation
At 1 January 2024	1,605	1,605
Amortisation charge	1,315	1,315
At 31 December 2024	2,920	2,920
Carrying amount
At 31 December 2024	16,800	16,800
At 31 December 2023	18,115	18,115

6	Tangible assets

	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 1 January 2024	58,658	58,658
Additions	17,316	17,316
Disposals	(1,299)	(1,299)
At 31 December 2024	74,675	74,675
Depreciation
At 1 January 2024	22,640	22,640
Charge for the year	12,891	12,891
Eliminated on disposal	(888)	(888)
At 31 December 2024	34,643	34,643
Carrying amount
At 31 December 2024	40,032	40,032
At 31 December 2023	36,018	36,018

Diistil Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

7

Stocks

	2024 £	2023 £
Work in progress	14,584	11,161
Finished goods and goods for resale	3,399	6,562
	17,983	17,723

8

Debtors

	2024 £	2023 £
Trade debtors	3,812	691
Prepayments	10,984	4,484
Other debtors	15,749	8,229
	30,545	13,404

Diistil Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

9

Creditors

Creditors: amounts falling due within one year

	2024 £	2023 £
Due within one year
Trade creditors	16,529	3,291
Taxation and social security	3,830	1,009
Accruals and deferred income	3,381	1,848
Other creditors	3,006	2,413
	26,746	8,561

Creditors: amounts falling due after more than one year

	Note	2024 £	2023 £
Due after one year
Loans and borrowings	11	541,038	617,130

10	Share capital

Allotted, called up and fully paid shares

	2024		2023
	No.	£	No.	£
Ordinary Shares of £0.00 (2023 - £1) each	1,051,781	1,052	1,000	1,000

11	Loans and borrowings

Non-current loans and borrowings

	2024 £	2023 £
Other borrowings	541,038	617,130