REGISTERED NUMBER: 10302601 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

ANDWELL BREWING COMPANY LTD

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

K A Mody

REGISTERED OFFICE:

Global House

303 Ballards Lane

London

N12 8NP

REGISTERED NUMBER:

10302601 (England and Wales)

ACCOUNTANTS:

K J Pittalis and Partners LLP

Chartered Certified Accountants

Global House

303 Ballards Lane

London

N12 8NP

FIXED ASSETS

Intangible assets

4

331,615

373,067

Tangible assets

5

60,363

80,484

391,978

453,551

CURRENT ASSETS

Stocks

6

12,227

32,227

Debtors

7

85,985

148,838

98,212

181,065

CREDITORS

Amounts falling due within one year

8

(427,191

)

(811,411

)

NET CURRENT LIABILITIES

(328,979

)

(630,346

)

TOTAL ASSETS LESS CURRENT LIABILITIES

62,999

(176,795

)

CREDITORS

Amounts falling due after more than one year

9

(14,063

)

(37,354

)

NET ASSETS/(LIABILITIES)

48,936

(214,149

)

CAPITAL AND RESERVES

Called up share capital

10

100,000

100,000

Share premium

525,000

525,000

Retained earnings

(576,064

)

(839,149

)

SHAREHOLDERS' FUNDS

48,936

(214,149

)

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

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

The director acknowledges his 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 director and authorised for issue on 24 December 2025 and were signed by:

K A Mody - Director

1.	STATUTORY INFORMATION

Andwell Brewing Company Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

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

Turnover represents sales of goods net of VAT and trade discounts. Turnover is recognised when the goods are physically delivered to the customers.

Goodwill

Positive purchased goodwill arising on acquisitions is capitalised, classified as an asset on the balance sheet and amortised over its useful economic life. Useful economic lives are reviewed at the end of each reporting period and revised if necessary, subject to constraint that the revised life shall not exceed 20 years from the date of acquisition. The carrying amount at the date of revision is depreciated over the revised estimate of remaining useful economic life.

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Goodwill - 15 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.

Tangible fixed assets

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

Plant and machinery

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

Stock is valued at the lower of cost and net realisable value. Net realisable value represents estimated selling price less costs to complete and sell. Provision is made for slow moving, obsolete or damaged stock where the net realisable value is less than cost.

Financial instruments

The company enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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.

Going concern

At the balance sheet date, the company's liabilities exceeded its assets. The directors confirm that it is their current intention to ensure that financial support continues to be provided to the company for twelve months from the date of signing these financial statements.

On this basis, the directors consider it appropriate to prepare the accounts on a going concern basis. However, should the financial support mentioned above not be forthcoming, the going concern basis used in preparing the company's accounts may be invalid and adjustments may have to be made to reduce the value of assets to the their realisable amount and to provide for any further liabilities which might arise.

Cash and cash equivalent

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2024 - 13 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

621,779

AMORTISATION

At 1 April 2024

248,712

Charge for year

41,452

At 31 March 2025

290,164

NET BOOK VALUE

At 31 March 2025

331,615

At 31 March 2024

373,067

5.	TANGIBLE FIXED ASSETS

Plant and

Computer

machinery

equipment

Totals

£

£

£

COST

At 1 April 2024

and 31 March 2025

191,501

1,546

193,047

DEPRECIATION

At 1 April 2024

111,017

1,546

112,563

Charge for year

20,121

-

20,121

At 31 March 2025

131,138

1,546

132,684

NET BOOK VALUE

At 31 March 2025

60,363

-

60,363

At 31 March 2024

80,484

-

80,484

6.

STOCKS

31/3/25

31/3/24

£

£

Stocks

12,227

32,227

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/3/24

£

£

Trade debtors

85,985

119,633

Other debtors

-

29,205

85,985

148,838

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/3/24

£

£

Bank loans and overdrafts

46,502

43,135

Trade creditors

161,973

176,925

Amounts owed to group undertakings

-

360,701

Taxation and social security

91,244

126,257

Other creditors

127,472

104,393

427,191

811,411

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/3/25

31/3/24

£

£

Bank loans

14,063

37,354

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/3/25

31/3/24

value:

£

£

600,000

ordinary shares

1

100,000

100,000

11.	RELATED PARTY DISCLOSURES

Included in creditors there is an amount of Nil (2024: £158,204) owed to Ethnic Brand Marketing Ltd and an amount of Nil (2024: £202,497) owed by Gandhi Wines Limited, both companies under the same control of the shareholder/director.

12.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Gandhi Wine Suppliers Limited, which owns 100% of the share capital.Mr K Mody is a common director of both companies and ultimate shareholder of Gandhi Wine Suppliers Limited.