Company No: 11245252 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTORS	Andrew William Rankin
	Dan Lawrence Zaum

REGISTERED OFFICE	49 St. James's Street
	London
	SW1A 1JT
	United Kingdom

COMPANY NUMBER

11245252 (England and Wales)

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	208		520
		208		520
Current assets
Stocks		508,196		510,521
Debtors	4	1,026,524		810,522
Cash at bank and in hand		57,157		1,093,655
		1,591,877		2,414,698
Creditors: amounts falling due within one year	5	( 2,869,718)		( 3,654,566)
Net current liabilities		(1,277,841)		(1,239,868)
Total assets less current liabilities		(1,277,633)		(1,239,348)
Net liabilities		( 1,277,633)		( 1,239,348)
Capital and reserves
Called-up share capital		1		1
Profit and loss account		( 1,277,634 )		( 1,239,349 )
Total shareholders' deficit		( 1,277,633)		( 1,239,348)

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

Directors' responsibilities:

• The members have 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 Greenwood Distillers Limited (registered number: 11245252) were approved and authorised for issue by the Board of Directors on 16 December 2025. They were signed on its behalf by:

Dan Lawrence Zaum 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

Greenwood Distillers 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 49 St. James's Street, London, SW1A 1JT, 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 Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Furthermore, the parent company has agreed not to seek repayment of the balances owed for at least 12 months from the date of approval of these accounts and to provide additional funding as needed. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Profit and Loss Account in the period in which they arise.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes.

Turnover is recognised when the significant risks and rewards of ownership are considered to have been transferred to the customer, which is usually when the goods have been delivered to the customer. Deferred income is recognised in respect of goods which have not been delivered to the customer at the year end.

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 is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

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.

Tangible fixed assets

Tangible fixed assets are stated at cost, net of depreciation and any provision for impairment.

Plant and machinery etc.

4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

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.

Leases

The company as lessee
Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Stocks

Stocks are stated at the lower of cost and net realisable value.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. Net realisable value represents estimated selling price less costs to complete and sell.

Financial instruments

Financial instruments are classified and accounted for according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Ordinary share capital

The ordinary share capital of the company is presented as equity.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the company during the year	0		0

3. Tangible assets

	Plant and machinery etc.		Total
	£		£
Cost
At 01 April 2024	34,439		34,439
At 31 March 2025	34,439		34,439
Accumulated depreciation
At 01 April 2024	33,919		33,919
Charge for the financial year	312		312
At 31 March 2025	34,231		34,231
Net book value
At 31 March 2025	208		208
At 31 March 2024	520		520

4. Debtors

	2025		2024
	£		£
Trade debtors	0		351,141
Amounts owed by group undertakings	549,858		0
Other debtors	476,666		459,381
	1,026,524		810,522

5. Creditors: amounts falling due within one year

	2025		2024
	£		£
Trade creditors	17,616		14,656
Amounts owed to group undertakings	1,750,000		2,128,695
Other taxation and social security	0		22,574
Other creditors	1,102,102		1,488,641
	2,869,718		3,654,566