DERBY BAR LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31ST MARCH 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Accountants' Report

10

DIRECTORS:

B Nanua

Mrs D Nanua

R S Sidhu

REGISTERED OFFICE:

First Floor, Woburn Court

2 Railton Road

Woburn Road Industrial Estate

Kempston

Bedfordshire

MK42 7PN

REGISTERED NUMBER:

09458456 (England and Wales)

ACCOUNTANTS:

HW Bedford Limited

Trading as Haines Watts

First Floor, Woburn Court

2 Railton Road

Woburn Rd Ind Est

Kempston

Bedfordshire

MK42 7PN

FIXED ASSETS

Intangible assets

4

108,065

86,283

Tangible assets

5

5,513,662

5,461,209

Investments

6

2,870,232

91,158

8,491,959

5,638,650

CURRENT ASSETS

Stocks

2,795,918

1,946,545

Debtors

7

3,038,454

1,246,011

Cash at bank and in hand

84,466

22,677

5,918,838

3,215,233

CREDITORS

Amounts falling due within one year

8

3,833,637

1,694,206

NET CURRENT ASSETS

2,085,201

1,521,027

TOTAL ASSETS LESS CURRENT LIABILITIES

10,577,160

7,159,677

CREDITORS

Amounts falling due after more than one year

9

8,162,826

5,155,754

NET ASSETS

2,414,334

2,003,923

CAPITAL AND RESERVES

Called up share capital

1,464

1,464

Share premium

149,900

149,900

Revaluation reserve

10

3,362,475

3,362,475

Retained earnings

(1,099,505

)

(1,509,916

)

2,414,334

2,003,923

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

The members have not required the company to obtain an audit of its financial statements for the year 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24th December 2025 and were signed on its behalf by:

R S Sidhu - Director

1.	STATUTORY INFORMATION

Derby Bar 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 as modified by the revaluation of certain assets.

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

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2020 and the acquisition of a separate business in 2023, is being amortised evenly over its estimated useful life of five years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of fifteen years.

Tangible fixed assets

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

Freehold property - 2% on cost (50% land; 50% buildings)

Cutter guides & plates - 20% on cost

Plant and machinery - 5% on reducing balance

Fixtures & fittings - 5% on reducing balance

Motor vehicles - 15% on reducing balance

Computer equipment - 20% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Derby Bar Limited holds 1 subscriber share in Ty Nant Spring Water Limited, 100 subscriber shares in Ty Nant Holdings USA Inc, 1 share in The Pentland Still Ltd, 1,747,831 shares in Decantae Mineral Water Limited, and 301,092 shares in Fonthill Waters Limited.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

Stocks that are recognised in cost of sales during the year as an expense totalled £4,417,271. (31/3/24; £2,849,998).

Taxation

Taxation for the year 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 year 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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 year was 30 (2024 - 27 ) .

4.	INTANGIBLE FIXED ASSETS

Patents

and

Goodwill

licences

Totals

£

£

£

COST

At 1st April 2024

63,383

50,758

114,141

Additions

-

39,842

39,842

Disposals

-

(1,444

)

(1,444

)

At 31st March 2025

63,383

89,156

152,539

AMORTISATION

At 1st April 2024

19,702

8,156

27,858

Amortisation for year

12,677

3,955

16,632

Eliminated on disposal

-

(16

)

(16

)

At 31st March 2025

32,379

12,095

44,474

NET BOOK VALUE

At 31st March 2025

31,004

77,061

108,065

At 31st March 2024

43,681

42,602

86,283

5.	TANGIBLE FIXED ASSETS

Cutter

Freehold

guides &

Plant and

property

plates

machinery

£

£

£

COST OR VALUATION

At 1st April 2024

4,300,000

61,199

1,363,015

Additions

-

56,204

119,588

At 31st March 2025

4,300,000

117,403

1,482,603

DEPRECIATION

At 1st April 2024

103,343

15,417

175,054

Charge for year

43,000

16,237

62,184

At 31st March 2025

146,343

31,654

237,238

NET BOOK VALUE

At 31st March 2025

4,153,657

85,749

1,245,365

At 31st March 2024

4,196,657

45,782

1,187,961

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST OR VALUATION

At 1st April 2024

24,710

12,800

2,866

5,764,590

Additions

-

-

1,074

176,866

At 31st March 2025

24,710

12,800

3,940

5,941,456

DEPRECIATION

At 1st April 2024

3,851

4,589

1,127

303,381

Charge for year

1,043

1,232

717

124,413

At 31st March 2025

4,894

5,821

1,844

427,794

NET BOOK VALUE

At 31st March 2025

19,816

6,979

2,096

5,513,662

At 31st March 2024

20,859

8,211

1,739

5,461,209

Cost or valuation at 31st March 2025 is represented by:

Cutter

Freehold

guides &

Plant and

property

plates

machinery

£

£

£

Valuation in 2020

1,512,898

-

-

Valuation in 2021

950,000

-

-

Valuation in 2024

900,000

-

-

Cost

937,102

117,403

1,482,603

4,300,000

117,403

1,482,603

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

Valuation in 2020

-

-

-

1,512,898

Valuation in 2021

-

-

-

950,000

Valuation in 2024

-

-

-

900,000

Cost

24,710

12,800

3,940

2,578,558

24,710

12,800

3,940

5,941,456

The net book value of tangible fixed assets includes £ 132,837 (2024 - £ 145,215 ) in respect of assets held under hire purchase contracts.

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST OR VALUATION

At 1st April 2024

91,158

Additions

2,779,109

Exchange differences

(35

)

At 31st March 2025

2,870,232

NET BOOK VALUE

At 31st March 2025

2,870,232

At 31st March 2024

91,158

Cost or valuation at 31st March 2025 is represented by:

Shares in

group

undertakings

£

Valuation in 2024

(24

)

Valuation in 2025

(35

)

Cost

2,870,291

2,870,232

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/3/24

£

£

Trade debtors

2,196,357

570,274

Amounts owed by group undertakings

352,532

369,773

Amounts owed by participating interests

300

-

Other debtors

242,927

209,174

Tax

9,805

9,805

Prepayments & accrued income

236,533

86,985

3,038,454

1,246,011

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/3/24

£

£

Bank loans and overdrafts

33,909

24,671

Other loans

135,953

322,193

Hire purchase contracts

27,455

35,191

Trade creditors

1,298,857

707,021

Amounts owed to group undertakings

162,691

1,609

Amounts owed to participating interests

139,256

94,936

Social security and other taxes

74,841

129,390

VAT

130,241

161,060

Other creditors

1,738,252

147,253

Net wages outstanding

62,640

47,066

Pensions payable

21,392

15,666

Accrued expenses

8,150

8,150

3,833,637

1,694,206

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/3/25

31/3/24

£

£

Other loans - more than 1 year

1,016,865

957,138

Hire purchase contracts

21,061

64,470

Amounts owed to participating interests

101,222

111,837

Shareholders' loans

7,023,678

4,022,309

8,162,826

5,155,754

10.

RESERVES

Revaluation

reserve

£

At 1st April 2024

and 31st March 2025

3,362,475

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Derby Bar Limited for the year ended 31st March 2025 which comprise the Statement of Comprehensive Income, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Derby Bar Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Derby Bar Limited and state those matters that we have agreed to state to the Board of Directors of Derby Bar Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Derby Bar Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Derby Bar Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Derby Bar Limited. You consider that Derby Bar Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Derby Bar Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

HW Bedford Limited

Trading as Haines Watts

First Floor, Woburn Court

2 Railton Road

Woburn Rd Ind Est

Kempston

Bedfordshire

MK42 7PN

24th December 2025