Company No: 01283331 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2024		2023
		£		£
Current assets
Stocks	4	0		6,988
Debtors	5	1,000		119,387
		1,000		126,375
Creditors: amounts falling due within one year	6	0		( 15,722)
Net current assets		1,000		110,653
Total assets less current liabilities		1,000		110,653
Net assets		1,000		110,653
Capital and reserves
Called-up share capital		1,000		1,000
Profit and loss account		0		109,653
Total shareholder's funds		1,000		110,653

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.

Directors' responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• 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; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Wistbray Limited (registered number: 01283331) were approved and authorised for issue by the Board of Directors on 16 December 2025. They were signed on its behalf by:

K L Ginsberg Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Wistbray Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Old Library Chambers, 21 Chipper Lane, Salisbury, SP1 1BG, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’ issued by the Financial Reporting Council, including Section 1A of Financial Reporting Standard 102 (FRS102), and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The functional currency of Wistbray Limited is considered to be pounds sterling because that is the currency of the primary economic environment in which the Company operates.

These financial statements are separate financial statements.

Going concern

The financial statements have been prepared on a going concern basis.

Following the transfer of the Company’s trade to another group entity, the Company is no longer actively trading. However, the directors have assessed the Company’s financial position and with ongoing financial support from the directors and the wider group, are satisfied that the Company has sufficient resources to meet its obligations as they fall due.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on enacted or substantively enacted tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit. Deferred tax assets are recognised only to the extent that it is probable that future taxable profit will be available against which the temporary differences can be utilised.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Trademarks, patents and licences

4 years straight line

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

	2024		2023
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	4		4

3. Intangible assets

	Trademarks, patents and licences		Total
	£		£
Cost
At 01 January 2024	60,000		60,000
At 31 December 2024	60,000		60,000
Accumulated amortisation
At 01 January 2024	60,000		60,000
At 31 December 2024	60,000		60,000
Net book value
At 31 December 2024	0		0
At 31 December 2023	0		0

4. Stocks

	2024		2023
	£		£
Stocks	0		6,988

5. Debtors

	2024		2023
	£		£
Amounts owed by Group undertakings	1,000		118,545
Deferred tax asset	0		842
	1,000		119,387

6. Creditors: amounts falling due within one year

	2024		2023
	£		£
Amounts owed to Group undertakings	0		11,742
Accruals	0		3,980
	0		15,722

7. Related party transactions

At the year end the Company was owed £Nil (2023- £118,545) by Tea Times Trading Limited, a company under common control. The balance is included within debtors.

At the year end the Company was owed £1,000 (2023 - £Nil) by its parent company Tea Times Holdings Limited. The balance is included within debtors.

During the year the Company was charged £6,587 (2023 - £Nil) in management fees by Tea Times Trading Limited.

At the year end the Company owed £Nil (2023 - £11,742) to its parent company Tea Times Holdings Limited. The balance is included within creditors.

During the year the Company was charged £594 (2023 - £711) in management fees by Tea Times Holdings Limited.

At the year end the Company had committed to an unlimited inter-company composite guarantee of loan finance from B C Ginsberg, utilised by its parent company and supported by a fixed and floating charge over the Company's assets. At 31 December 2024 this facility totalled £231,370 (2023 - £284,482).

8. Ultimate controlling party

The immediate and ultimate parent undertaking is Tea Times Holdings Limited, a company registered in England and Wales.
The ultimate controlling parties are P Busse and B Ginsberg by virtue of their shareholding and directorship in the ultimate parent undertaking.