BrightAccountsProduction v1.0.0 v1.0.0 2024-04-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The principle activity of the company was the manufacture of wine from grape. 11 September 2025 19 11 10036772 2025-03-31 10036772 2024-03-31 10036772 2023-03-31 10036772 2024-04-01 2025-03-31 10036772 2023-04-01 2024-03-31 10036772 uk-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 10036772 uk-curr:PoundSterling 2024-04-01 2025-03-31 10036772 uk-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 10036772 uk-bus:FullAccounts 2024-04-01 2025-03-31 10036772 uk-bus:Director1 2024-04-01 2025-03-31 10036772 uk-bus:RegisteredOffice 2024-04-01 2025-03-31 10036772 uk-bus:Agent1 2024-04-01 2025-03-31 10036772 uk-core:ShareCapital 2025-03-31 10036772 uk-core:ShareCapital 2024-03-31 10036772 uk-core:RetainedEarningsAccumulatedLosses 2025-03-31 10036772 uk-core:RetainedEarningsAccumulatedLosses 2024-03-31 10036772 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2025-03-31 10036772 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2024-03-31 10036772 uk-bus:FRS102 2024-04-01 2025-03-31 10036772 uk-core:Land 2024-04-01 2025-03-31 10036772 uk-core:PlantMachinery 2024-04-01 2025-03-31 10036772 uk-core:FurnitureFittingsToolsEquipment 2024-04-01 2025-03-31 10036772 uk-core:MotorVehicles 2024-04-01 2025-03-31 10036772 uk-core:OtherPropertyPlantEquipment 2024-04-01 2025-03-31 10036772 uk-core:CurrentFinancialInstruments 2025-03-31 10036772 uk-core:CurrentFinancialInstruments 2024-03-31 10036772 uk-core:WithinOneYear 2025-03-31 10036772 uk-core:WithinOneYear 2024-03-31 10036772 2024-04-01 2025-03-31 10036772 uk-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 xbrli:pure iso4217:GBP xbrli:shares

Mereworth Wines Limited

Unaudited Financial Statements

for the financial year ended 31 March 2025

Mereworth Wines Limited

DIRECTOR AND OTHER INFORMATION

Director | Evelyn George William Boscawen
Company Registration Number | 10036772
Registered Office and Business Address | Brewers Hall
| Tonbridge Road Mereworth
| Tonbridge
| Kent
| ME18 5JD
| United Kingdom
Accountants | Forth Accountancy LLP
| The Ground Floor Office
| 5 Market Square
| PL26 6UD
| GB

Mereworth Wines Limited

Company Registration Number: 10036772

STATEMENT OF FINANCIAL POSITION

as at 31 March 2025

|  |  | 2025 |  | 2024
|  | Notes | £ |  | £
Non-Current Assets

Property, plant and equipment |  | 5 | 282,554 |  | 221,933
|  |  | ───────── |  | ─────────
Current Assets

Inventories |  | 6 | 140,590 |  | 118,232
Receivables |  | 7 | 31,124 |  | 15,515
Cash and cash equivalents |  |  | 38,575 |  | 11,247
|  |  | ───────── |  | ─────────
|  |  | 210,289 |  | 144,994
|  |  | ───────── |  | ─────────
Payables: amounts falling due within one year |  | 8 | (1,052,221) |  | (926,524)
|  |  | ───────── |  | ─────────
Net Current Liabilities |  |  | (841,932) |  | (781,530)
|  |  | ───────── |  | ─────────
Total Assets less Current Liabilities |  |  | (559,378) |  | (559,597)
|  |  | ═════════ |  | ═════════
Equity

Called up share capital |  |  | 100 |  | 100
Retained earnings |  |  | (559,478) |  | (559,697)
|  |  | ───────── |  | ─────────
Equity attributable to owners of the company |  |  | (559,378) |  | (559,597)
|  |  | ═════════ |  | ═════════
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A (Small Entities).

The company has taken advantage of the exemption under section 444 not to file the Income Statement and Director's Report.

For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.

The director confirms that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.

Approved by the Director and authorised for issue on 11 September 2025

________________________________ |  |  |  |  |
Evelyn George William Boscawen |  |  |  |  |
Director |  |  |  |  |

Mereworth Wines Limited

NOTES TO THE FINANCIAL STATEMENTS

for the financial year ended 31 March 2025

1. | General Information
| Mereworth Wines Limited is a company limited by shares incorporated and registered in England. The registered number of the company is 10036772. The registered office of the company is Brewers Hall, Tonbridge Road Mereworth, Tonbridge, Kent, ME18 5JD, United Kingdom which is also the principal place of business of the company. The principle activity of the company was the manufacture of wine from grape. The financial statements have been presented in Pound (£) which is also the functional currency of the company.

2. | Summary of Significant Accounting Policies
| The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
| Statement of compliance
| The financial statements of the company for the financial year ended 31 March 2025 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
| Basis of preparation
| The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
| Revenue
| Revenue comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.
| Property, plant and equipment and depreciation
| Property, plant and equipment are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of property, plant and equipment, less their estimated residual value, over their expected useful lives as follows:
|  | Long leasehold property | - | nil
|  | Plant and machinery | - | 25% reducing balance
|  | Fixtures, fittings and equipment | - | 25% reducing balance
|  | Motor vehicles | - | 25% reducing balance
|  | Office and computer equipment | - | 25% reducing balance
| The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
| Inventories
| Inventories are valued at the lower of cost and net realisable value. Inventories are determined on a first-in first-out basis. Cost comprises expenditure incurred in the normal course of business in bringing inventories to their present location and condition. Full provision is made for obsolete and slow moving items. Net realisable value comprises actual or estimated selling price (net of trade discounts) less all further costs to completion or to be incurred in marketing and selling.
| Trade and other receivables
| Trade and other receivables are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
| Borrowing costs
| Borrowing costs relating to the acquisition of assets are capitalised at the appropriate rate by adding them to the cost of assets being acquired. Investment income earned on the temporary investment of specific borrowings pending their expenditure on the assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the period in which they are incurred.
| Trade and other payables
| Trade and other payables are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
| Employee benefits
| The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The company also operates a defined benefit pension scheme for its employees providing benefits based on final pensionable pay. The assets of this scheme are also held separately from those of the company, being invested with pension fund managers.
| Taxation and deferred taxation
| Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Statement of Financial Position date. Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements. Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the Statement of Financial Position date.
| Foreign currencies
| Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Statement of Financial Position date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Income Statement.
| Ordinary share capital
| The ordinary share capital of the company is presented as equity.

3. | Going concern
| The accounts have been prepared on a going concern basis, despite the fact that liabilities exceed assets. The negative balance sheet has arisen as a result of a director and related party loan. The director and related party has agreed not to seek repayment of these amounts until the company has sufficient funds to do so.

4. | Employees
| The average monthly number of employees, including director, during the financial year was 19, (2024 - 11).
|  | 2025 | 2024
|  | Number | Number
| Average | 19 | 11
|  | ═════════ | ═════════

5. | Property, plant and equipment
|  | Long | Plant and | Fixtures, | Motor | Office and | Total
|  | leasehold | machinery | fittings and | vehicles | computer |
|  | property |  | equipment |  | equipment |
|  | £ | £ | £ | £ | £ | £
| Cost
| At 1 April 2024 | 111,349 | 285,210 | 21,477 | 11,162 | 14,623 | 443,821
| Additions | 29,180 | 64,800 | 241 | - | 3,333 | 97,554
|  | ───────── | ───────── | ───────── | ───────── | ───────── | ─────────
| At 31 March 2025 | 140,529 | 350,010 | 21,718 | 11,162 | 17,956 | 541,375
|  | ───────── | ───────── | ───────── | ───────── | ───────── | ─────────
| Depreciation
| At 1 April 2024 | - | 198,294 | 6,110 | 9,440 | 8,044 | 221,888
| Charge for the financial year | - | 31,057 | 3,484 | 384 | 2,008 | 36,933
|  | ───────── | ───────── | ───────── | ───────── | ───────── | ─────────
| At 31 March 2025 | - | 229,351 | 9,594 | 9,824 | 10,052 | 258,821
|  | ───────── | ───────── | ───────── | ───────── | ───────── | ─────────
| Carrying amount
| At 31 March 2025 | 140,529 | 120,659 | 12,124 | 1,338 | 7,904 | 282,554
|  | ═════════ | ═════════ | ═════════ | ═════════ | ═════════ | ═════════
| At 31 March 2024 | 111,349 | 86,916 | 15,367 | 1,722 | 6,579 | 221,933
|  | ═════════ | ═════════ | ═════════ | ═════════ | ═════════ | ═════════

6. | Inventories | 2025 | 2024
|  | £ | £
| Stock and work in progress | 140,590 | 118,232
|  | ═════════ | ═════════
| The replacement cost of stock did not differ significantly from the figures shown.

7. | Receivables | 2025 | 2024
|  | £ | £
| Trade receivables | 21,521 | 15,515
| Prepayments and accrued income | 9,603 | -
|  | ───────── | ─────────
|  | 31,124 | 15,515
|  | ═════════ | ═════════

8. | Payables | 2025 | 2024
| Amounts falling due within one year | £ | £
| Other loans | 608,377 | 608,377
| Trade payables | 89,560 | 64,486
| Taxation (Note 9) | 17,121 | 1,493
| Director's current account | 303,222 | 233,830
| Accruals and deferred income:
| Pension accrual | 1,029 | 495
| Other accruals | 32,912 | 17,843
|  | ───────── | ─────────
|  | 1,052,221 | 926,524
|  | ═════════ | ═════════

9. | Taxation | 2025 | 2024
|  | £ | £
| Payables:
| VAT | 17,121 | 296
| PAYE / NI | - | 1,197
|  | ───────── | ─────────
|  | 17,121 | 1,493
|  | ═════════ | ═════════

10. | Capital commitments
| The company had no material capital commitments at the financial year-ended 31 March 2025.

11. | Events After the End of the Reporting Period
| There have been no significant events affecting the company since the financial year-end.