Winchester Distillery Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 05997034 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2024

FOR

WINCHESTER DISTILLERY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr S P Bowler

SECRETARY:

Mrs R Bowler

REGISTERED OFFICE:

Fleming Court

Leigh Road

Eastleigh

Southampton

Hampshire

SO50 9PD

REGISTERED NUMBER:

05997034 (England and Wales)

FIXED ASSETS

Intangible assets

5

-

Tangible assets

6

40,542

68,687

40,542

68,687

CURRENT ASSETS

Stocks

217,402

274,734

Debtors

7

41,774

40,288

Cash at bank

45,241

67,653

304,417

382,675

CREDITORS

Amounts falling due within one year

8

38,461

39,580

NET CURRENT ASSETS

265,956

343,095

TOTAL ASSETS LESS CURRENT

LIABILITIES

306,498

411,782

CREDITORS

Amounts falling due after more than one

year

9

(5,000

)

(15,000

)

PROVISIONS FOR LIABILITIES

(3,500

)

(3,500

)

NET ASSETS

297,998

393,282

CAPITAL AND RESERVES

Called up share capital

10

113

Share premium

582,736

Retained earnings

(284,851

)

(189,567

)

SHAREHOLDERS' FUNDS

297,998

393,282

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2024 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.

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 24 September 2025 and were signed by:

Mr S P Bowler - Director

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.

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 (2023 - 1 ) .

5.	INTANGIBLE FIXED ASSETS

Website

Trademarks

design

Totals

£

COST

At 1 December 2023

and 30 November 2024

3,355

2,890

6,245

AMORTISATION

At 1 December 2023

and 30 November 2024

3,355

2,890

6,245

NET BOOK VALUE

At 30 November 2024

-

At 30 November 2023

-

6.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

Computer

property

machinery

fittings

equipment

Totals

£

COST

At 1 December 2023

34,828

136,294

21,693

5,449

198,264

Additions

-

1,749

Disposals

-

(2,862

)

(916

)

(3,225

)

(7,003

)

At 30 November 2024

34,828

133,432

20,777

3,973

193,010

DEPRECIATION

At 1 December 2023

19,291

85,110

19,736

5,440

129,577

Charge for year

5,398

23,529

668

299

29,894

Eliminated on disposal

-

(2,862

)

(916

)

(3,225

)

(7,003

)

At 30 November 2024

24,689

105,777

19,488

2,514

152,468

NET BOOK VALUE

At 30 November 2024

10,139

27,655

1,289

1,459

40,542

At 30 November 2023

15,537

51,184

1,957

9

68,687

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Trade debtors

29,509

28,840

Other debtors

12,265

11,448

41,774

40,288

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Bank loans and overdrafts

10,000

Trade creditors

7,459

8,636

Taxation and social security

14,706

14,117

Other creditors

6,296

6,827

38,461

39,580

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

Bank loans

5,000

15,000

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

2024

2023

value:

£

100

Ordinary

1

-

10,922,478

A Ordinary

£0.00001

109

449,073

B Investment

£0.00001

4

113

11.	OTHER FINANCIAL COMMITMENTS

Total future financial commitments, guarantees and contingencies which are not included in the balance sheet amount to £29,775 (2023: £49,625).

This amount is in relation to operating lease commitments which are payable over the next 2 years (2023: 3

years).