REGISTERED NUMBER: 11948518 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

29TH MARCH 2024 TO 31ST MARCH 2025

FOR

GRANGE ESTATE WINES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Lord M F R Ashburton

The Hon A N J Baring

The Hon L M L Vaughan

The Hon R T Baring

REGISTERED OFFICE:

The Winery

Alresford Road

Itchen Stoke

Alresford

Hampshire

SO24 0QW

REGISTERED NUMBER:

11948518 (England and Wales)

ACCOUNTANTS:

Martin and Company

25 St Thomas Street

Winchester

Hampshire

SO23 9HJ

FIXED ASSETS

Tangible assets

4

3,766,823

2,467,527

CURRENT ASSETS

Stocks

1,559,405

5,289

Debtors

5

251,450

66,086

Cash at bank and in hand

455,922

23,932

2,266,777

95,307

CREDITORS

Amounts falling due within one year

6

1,137,290

1,037,948

NET CURRENT ASSETS/(LIABILITIES)

1,129,487

(942,641

)

TOTAL ASSETS LESS CURRENT LIABILITIES

4,896,310

1,524,886

CREDITORS

Amounts falling due after more than one year

7

4,302,987

1,496,471

NET ASSETS

593,323

28,415

CAPITAL AND RESERVES

Called up share capital

200

100

Share premium

1,906,211

849,904

Retained earnings

(1,313,088

)

(821,589

)

SHAREHOLDERS' FUNDS

593,323

28,415

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31st March 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 31st March 2025 in accordance with Section 476 of the Companies Act 2006.

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 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 Board of Directors and authorised for issue on 4th December 2025 and were signed on its behalf by:

The Hon A N J Baring - Director

Lord M F R Ashburton - Director

1.	STATUTORY INFORMATION

Grange Estate Wines 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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. 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Growing Vines

-

2% on cost

Plant and machinery

-

25% on reducing balance

Fencing and trellising

-

10% on cost

Tractors and vehicles

-

20% on cost

Computer equipment

-

20% on 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 period 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 period 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 9 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Freehold

Growing

Ground

to

property

Vines

modifications

property

£

£

£

£

COST

At 29th March 2024

-

-

-

2,115,932

Additions

-

-

39,406

-

Disposals

-

-

-

-

Reclassification/transfer

950,000

163,332

3,803

-

At 31st March 2025

950,000

163,332

43,209

2,115,932

DEPRECIATION

At 29th March 2024

-

-

-

-

Charge for period

-

3,266

-

-

Eliminated on disposal

-

-

-

-

Reclassification/transfer

-

40,013

882

-

At 31st March 2025

-

43,279

882

-

NET BOOK VALUE

At 31st March 2025

950,000

120,053

42,327

2,115,932

At 28th March 2024

-

-

-

2,115,932

Fencing

Tractors

Plant and

and

and

Computer

machinery

trellising

vehicles

equipment

Totals

£

£

£

£

£

COST

At 29th March 2024

596,607

-

18,817

2,916

2,734,272

Additions

237,259

4,001

84,539

1,075

366,280

Disposals

(38,015

)

-

(44,995

)

-

(83,010

)

Reclassification/transfer

34,628

129,360

123,387

4,977

1,409,487

At 31st March 2025

830,479

133,361

181,748

8,968

4,427,029

DEPRECIATION

At 29th March 2024

254,336

-

11,501

908

266,745

Charge for period

125,145

1,199

6,554

1,408

137,572

Eliminated on disposal

(13,021

)

-

(44,662

)

-

(57,683

)

Reclassification/transfer

22,765

126,061

121,252

2,599

313,572

At 31st March 2025

389,225

127,260

94,645

4,915

660,206

NET BOOK VALUE

At 31st March 2025

441,254

6,101

87,103

4,053

3,766,823

At 28th March 2024

342,271

-

7,316

2,008

2,467,527

The trade and assets of Grange Estate Vine LLP were acquired on the 28th March 2024.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

90,810

18,543

Other debtors

1,167

4

VAT

25,433

2,699

Prepayments and accrued income

134,040

44,840

251,450

66,086

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts

23,150

-

Trade creditors

215,508

108,331

Social security and other taxes

7,843

3,383

Other creditors

7,501

2,284

Loan Grange Estate Vine LLP

-

45,000

Directors' current accounts

850,000

850,000

Accruals and deferred income

33,288

28,950

1,137,290

1,037,948

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts

45,913

-

Loan The Grange Hampshire LLP

3,907,074

1,496,471

Directors' loan accounts

350,000

-

4,302,987

1,496,471