Company registration number 06399847 (England and Wales)
VINEPOST LIMITED
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
VINEPOST LIMITED
CONTENTS
Page
Directors' report
1
Statement of comprehensive income
2
Statement of financial position
3
Statement of changes in equity
Notes to the financial statements
4 - 9
VINEPOST LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 MARCH 2025
- 1 -

The directors present their annual report and financial statements for the year ended 31 March 2025.

Principal activities

The principal activity of the company is the provision of finance.

Directors

The directors who held office during the year and up to the date of signature of the financial statements were as follows:

R M Conway
D E Conway
G A Conway
J M Morgan
Small companies exemption

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

On behalf of the board
G A Conway
Director
13 November 2025
VINEPOST LIMITED
STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 MARCH 2025
- 2 -
2025
2024
Notes
£
£
Administrative expenses
(879,087)
(1,279,464)
Operating loss
(879,087)
(1,279,464)
Investment income
1,257,675
1,065,274
Other finance costs
3
(880,508)
(836,462)
Loss before taxation
(501,920)
(1,050,652)
Taxation
-
0
-
0
Loss for the financial year and total comprehensive income
(501,920)
(1,050,652)

The s tatement of comprehensive income has been prepared on the basis that all operations are continuing operations.

The notes on pages 4 to 9 form part of these financial statements.
VINEPOST LIMITED
STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2025
31 March 2025
- 3 -
2025
2024
Notes
£
£
£
£
Non-current assets
Property, plant and equipment
4
26,250
41,250
Investments
5
324,994
324,994
351,244
366,244
Current assets
Trade and other receivables
7
9,457,823
11,019,607
Cash and cash equivalents
2,066,839
373,950
11,524,662
11,393,557
Current liabilities
8
(3,662,552)
(3,733,470)
Net current assets
7,862,110
7,660,087
Total assets less current liabilities
8,213,354
8,026,331
Non-current liabilities
9
(13,501,296)
(12,812,353)
Net liabilities
(5,287,942)
(4,786,022)
Equity
Called up share capital
11
3
3
Retained earnings
(5,287,945)
(4,786,025)
Total equity
(5,287,942)
(4,786,022)

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

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved by the board of directors and authorised for issue on 13 November 2025 and are signed on its behalf by:
G A Conway
Director
Company Registration No. 06399847
The notes on pages 4 to 9 form part of these financial statements.
VINEPOST LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 4 -
1
Accounting policies
Company information

Vinepost Limited is a private company limited by shares incorporated in England and Wales. The registered office is 3rd Floor, Sterling House, Langston Road, Loughton, Essex, IG10 3TS.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

The preparation of financial statements in compliance with FRS102 Section 1A Small Entities requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the accounting policies. The following principal accounting policies have been applied:

1.2
Going concern

In their assessment of going concern, the directors have prepared forecasts for a period of at least 12 months from the date of approval of the financial statements.true

The directors are satisfied that with the continued support of Galliard Homes Limited, there is sufficient available cash for at least the next twelve months to meet the operating needs of the company. Accordingly the directors consider it appropriate for the financial statements to be prepared on a going concern basis and that there is no material uncertainty in reaching this conclusion.

1.3
Property, plant and equipment

Property, plant and equipment are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Motor vehicles
4 years straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Non-current investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.

VINEPOST LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 5 -

Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.

1.5
Impairment of non-current assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

1.6
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.7
Financial instruments

Financial assets, other than investments, are initially measured at transaction price and subsequently held at cost, less any impairment.

Financial liabilities are measured initially at transaction price and subsequently at amortised cost.

Financial liabilities and equity are classified according to the substance of the instrument's contractual obligation, rather than its legal form.

Finance costs are charged to profit and loss over the term of the debt using the effective interest rate method so that the amount charged is at a constant rate on the carrying amount.

1.8
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

VINEPOST LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 6 -
1.9
Derivatives

Derivatives are initially recognised at fair value at the date a derivative contract is entered into and are subsequently remeasured to fair value at each reporting end date. The resulting gain or loss is recognised in profit or loss immediately unless the derivative is designated and effective as a hedging instrument, in which event the timing of the recognition in profit or loss depends on the nature of the hedge relationship.

A derivative with a positive fair value is recognised as a financial asset, whereas a derivative with a negative fair value is recognised as a financial liability.

1.10
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or non-current assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.11
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

1.12
Finance costs

Finance costs are charged to profit over the term of the debt so that the amount charged is at a constant rate on the carrying amount. Finance costs include issue costs, which are initially recognised as a reduction in the proceeds of the associated capital instrument.

1.13

Basis of Consolidation

The financial statements contain information about Vinepost Limited as an individual company and do not contain consolidated financial information as the parent of the group. The company is exempt under section 401 of the Companies Act 2006 from the requirement to prepare consolidated financial statements as the group, its head qualifies as a small sized group.

1.14

Fixed asset investment

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
5
5
VINEPOST LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 7 -
3
Finance costs
2025
2024
£
£
Other interest
94,469
94,442
Unwinding of discount on provisions
786,039
742,020
880,508
836,462
Disclosed on the income statement as follows:
Other finance costs
880,508
836,462
4
Property, plant and equipment
Plant and machinery etc
£
Cost
At 1 April 2024 and 31 March 2025
60,000
Depreciation and impairment
At 1 April 2024
18,750
Depreciation charged in the year
15,000
At 31 March 2025
33,750
Carrying amount
At 31 March 2025
26,250
At 31 March 2024
41,250
5
Fixed asset investments
2025
2024
£
£
Other investments other than loans
324,994
324,994
6
Subsidiaries

Details of the company's subsidiaries at 31 March 2025 are as follows:

Name of undertaking
Registered office
Class of
% Held
shares held
Direct
Walnut Property Investments Limited
England
Ordinary
50.00
Kindred Concepts Limited
England
C2 Ordinary
0.70
VINEPOST LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 8 -
7
Trade and other receivables
2025
2024
Amounts falling due within one year:
£
£
Amounts due from related parties
8,915,957
9,610,180
Other receivables
9,000
808,812
Prepayments and accrued income
532,866
600,615
9,457,823
11,019,607
8
Current liabilities
2025
2024
£
£
Trade payables
42
-
0
Amounts due to related parties
3,209,043
3,378,757
Other taxation and social security
39,939
41,396
Other payables
413,528
313,317
3,662,552
3,733,470

There are no amounts included under current liabilities which are payable or repayable other than by instalments and fall due for payment or repayment after the end of the period of five years beginning with the day next following reporting date.

There are no amounts included under current liabilities in respect of which any security has been given by the entity.

9
Non-current liabilities
2025
2024
£
£
Other payables
13,501,296
12,812,353

The other payables are non-amortising loans repayable by March 2027, interest on these loans is accumulated at 6% per annum. The total repayable by March 2027 will be £15,552,769.

10
Amended financial statements

These financial statements replace the original financial statements, are now the statutory financial statements and are prepared as they were at the date of the original financial statements.

VINEPOST LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 9 -
11
Called up share capital
2025
2024
£
£
Ordinary share capital
Issued and fully paid
3 Ordinary shares of of £1 each
3
3
12
Related party transactions
Transactions with related parties

The following amounts were outstanding at the reporting end date:

2025
2024
Amounts owed to related parties
£
£
Galliard Homes Limited
1,574,039
1,727,296
Tamigu Limited
442,500
442,500
Plotplan Limited
537,593
537,593
Construction Finance Limited
360,000
360,000
Real Estate Investment & Trading Limited
208,490
161,368
R M Conway and family
86,421
150,000
3,209,043
3,378,757
Amounts owed by related parties
Walnut Property Investments Limited
1,466,355
1,466,355
S S Conway
127,264
-
Reflex Bridging Limited
6,422,338
7,243,825
Cowley Property Investments Limited
900,000
900,000
8,915,957
9,610,180

One or more of G Conway, R Conway, D Conway and S Conway are directors of Galliard Estates Limited, Walnut Property Investments Limited, Friars Developments Limited, Reflex Bridging Limited and Cowley Property Investments Limited while S Conway is the father of R Conway, D Conway and G Conway.

The opening balance s and year end amounts represent the maximum amounts due at any point in the year. No guarantees have been given or received.

13
Parent company

There is no controlling party.

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