IRIS Accounts Production v26.1.0.640 04034942 Board of Directors 1.8.24 31.7.25 31.7.25 23.3.26 true false true false false false true false Auditors Opinion Ordinary 1.00000 B 1.00000 iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 04034942 2024-07-31 04034942 2025-07-31 04034942 2024-08-01 2025-07-31 04034942 2023-07-31 04034942 2023-08-01 2024-07-31 04034942 2024-07-31 04034942 ns15:EnglandWales 2024-08-01 2025-07-31 04034942 ns14:PoundSterling 2024-08-01 2025-07-31 04034942 ns10:Director1 2024-08-01 2025-07-31 04034942 ns10:PrivateLimitedCompanyLtd 2024-08-01 2025-07-31 04034942 ns10:SmallEntities 2024-08-01 2025-07-31 04034942 ns10:Audited 2024-08-01 2025-07-31 04034942 ns10:SmallCompaniesRegimeForDirectorsReport 2024-08-01 2025-07-31 04034942 ns10:SmallCompaniesRegimeForAccounts 2024-08-01 2025-07-31 04034942 ns10:FullAccounts 2024-08-01 2025-07-31 04034942 1 2024-08-01 2025-07-31 04034942 ns10:OrdinaryShareClass1 2024-08-01 2025-07-31 04034942 ns10:OrdinaryShareClass2 2024-08-01 2025-07-31 04034942 ns10:Director2 2024-08-01 2025-07-31 04034942 ns10:Director3 2024-08-01 2025-07-31 04034942 ns10:Director4 2024-08-01 2025-07-31 04034942 ns10:Director5 2024-08-01 2025-07-31 04034942 ns10:Director6 2024-08-01 2025-07-31 04034942 ns10:Director7 2024-08-01 2025-07-31 04034942 ns10:Director8 2024-08-01 2025-07-31 04034942 ns10:Director9 2024-08-01 2025-07-31 04034942 ns10:Director10 2024-08-01 2025-07-31 04034942 ns10:CompanySecretary1 2024-08-01 2025-07-31 04034942 ns10:RegisteredOffice 2024-08-01 2025-07-31 04034942 ns5:CurrentFinancialInstruments 2025-07-31 04034942 ns5:CurrentFinancialInstruments 2024-07-31 04034942 ns5:ShareCapital 2025-07-31 04034942 ns5:ShareCapital 2024-07-31 04034942 ns5:SharePremium 2025-07-31 04034942 ns5:SharePremium 2024-07-31 04034942 ns5:FurtherSpecificReserve1ComponentTotalEquity 2025-07-31 04034942 ns5:FurtherSpecificReserve1ComponentTotalEquity 2024-07-31 04034942 ns5:RetainedEarningsAccumulatedLosses 2025-07-31 04034942 ns5:RetainedEarningsAccumulatedLosses 2024-07-31 04034942 ns5:NetGoodwill 2024-08-01 2025-07-31 04034942 ns5:IntangibleAssetsOtherThanGoodwill 2024-08-01 2025-07-31 04034942 ns5:FurnitureFittings 2024-08-01 2025-07-31 04034942 ns5:ComputerEquipment 2024-08-01 2025-07-31 04034942 ns5:NetGoodwill 2024-07-31 04034942 ns5:NetGoodwill 2025-07-31 04034942 ns5:NetGoodwill 2024-07-31 04034942 ns5:FurnitureFittings 2024-07-31 04034942 ns5:ComputerEquipment 2024-07-31 04034942 ns5:FurnitureFittings 2025-07-31 04034942 ns5:ComputerEquipment 2025-07-31 04034942 ns5:FurnitureFittings 2024-07-31 04034942 ns5:ComputerEquipment 2024-07-31 04034942 ns5:CostValuation 2024-07-31 04034942 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-07-31 04034942 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-07-31 04034942 ns5:WithinOneYear 2025-07-31 04034942 ns5:WithinOneYear 2024-07-31 04034942 ns5:BetweenOneFiveYears 2025-07-31 04034942 ns5:BetweenOneFiveYears 2024-07-31 04034942 ns5:AllPeriods 2025-07-31 04034942 ns5:AllPeriods 2024-07-31 04034942 ns5:Secured 2025-07-31 04034942 ns5:Secured 2024-07-31 04034942 ns5:DeferredTaxation 2024-07-31 04034942 ns5:DeferredTaxation 2025-07-31 04034942 ns10:OrdinaryShareClass1 2025-07-31 04034942 ns10:OrdinaryShareClass2 2025-07-31

REGISTERED NUMBER: 04034942 (England and Wales)

| FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 31 JULY 2025 |

| FOR |

| NEW GENERATION WINES LIMITED |

NEW GENERATION WINES LIMITED (REGISTERED NUMBER: 04034942) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 3 |

| NEW GENERATION WINES LIMITED |

COMPANY INFORMATION

FOR THE YEAR ENDED 31 JULY 2025

| DIRECTORS: | A Record MBE

| J A Booth

| H G Young

| R E M Boote

| J R Furze

| J McKenna

| E Gerber

| V Lewis

| M C Kent

| D Steenkamp

| SECRETARY: | J R Furze

| REGISTERED OFFICE: | 14 Kennington Road

| LONDON

| SE1 7BL

| REGISTERED NUMBER: | 04034942 (England and Wales)

| SENIOR STATUTORY AUDITOR: | John Sheather BSc FCA

| AUDITORS: | McCabe Ford Williams

| Chartered Accountants and Statutory Auditors

| Charlton House

| Dour Street

| DOVER

| Kent

| CT16 1BL

NEW GENERATION WINES LIMITED (REGISTERED NUMBER: 04034942) |

BALANCE SHEET

31 JULY 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 4 | 198,635 |  | 233,319 |  |

Tangible assets | 5 | 9,976 |  | 7,596 |  |

Investments | 6 | 25,350 |  | 25,350 |  |

233,961 |  | 266,265 |  |

CURRENT ASSETS

Stocks | 7 | 1,497,516 |  | 1,502,122 |  |

Debtors | 8 | 974,066 |  | 1,267,668 |  |

Cash at bank | 321,563 |  | 59,443 |  |

2,793,145 |  | 2,829,233 |  |

CREDITORS

Amounts falling due within one year | 9 | 1,161,241 |  | 1,160,022 |  |

NET CURRENT ASSETS | 1,631,904 |  | 1,669,211 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 1,865,865 |  | 1,935,476 |  |

PROVISIONS FOR LIABILITIES | 12 | 2,494 |  | 1,829 |  |

NET ASSETS | 1,863,371 |  | 1,933,647 |  |

CAPITAL AND RESERVES

Called up share capital | 13 | 850,537 |  | 850,537 |  |

Share premium | 23,472 |  | 23,472 |  |

Share-based payment reserve | 156,480 |  | 156,480 |  |

Retained earnings | 832,882 |  | 903,158 |  |

SHAREHOLDERS' FUNDS | 1,863,371 |  | 1,933,647 |  |

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 18 March 2026 and were signed on its behalf by:

J A Booth - Director

NEW GENERATION WINES LIMITED (REGISTERED NUMBER: 04034942) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2025

1. | STATUTORY INFORMATION

| New Generation 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.

| 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.

| Significant judgements and estimates

| Useful life of goodwill - the directors have considered the length of the useful lives of the goodwill as described in the following notes and consider the values chosen to be appropriate.

| Turnover

| Turnover represents net invoiced sales of goods, disbursements and commissions received, excluding value added tax.

| Goodwill

| Goodwill relates to the amounts paid and associated costs incurred in connection with the acquisition of three businesses as follows. The first acquisition was in September 2010 and the goodwill is being amortised evenly over its estimated useful life of twenty years. The second acquisition was in December 2015 and the amortisation period is 15 years. The third acquisition was in 2022 and the amortisation period is 10 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.

| Fixtures and fittings | - | 5% on cost

| Office equipment | - | 20% to 33.3% on cost

| Investments in subsidiaries

| Investments in and loans to subsidiaries, associate undertakings and joint ventures are recognised at cost less any provision for impairment.

| 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 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.

NEW GENERATION WINES LIMITED (REGISTERED NUMBER: 04034942) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 JULY 2025

2. | ACCOUNTING POLICIES - continued

| 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

| 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.

| Foreign currencies

| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

| Share-based payments

| Where share options are awarded to employees, the fair value of the options at the date of grant is charged to the Profit and Loss account over the vesting period.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 21 (2024 - 21 ) .

4. | INTANGIBLE FIXED ASSETS

| Goodwill

£ |

| COST

| At 1 August 2024

| and 31 July 2025 | 670,610 |  |

| AMORTISATION

| At 1 August 2024 | 437,291 |  |

| Charge for year | 34,684 |  |

| At 31 July 2025 | 471,975 |  |

| NET BOOK VALUE

| At 31 July 2025 | 198,635 |  |

| At 31 July 2024 | 233,319 |  |

NEW GENERATION WINES LIMITED (REGISTERED NUMBER: 04034942) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 JULY 2025

5. | TANGIBLE FIXED ASSETS

| Fixtures |

| and |  | Office |

| fittings |  | equipment |  | Totals

£ | £ | £ |

| COST

| At 1 August 2024 | 2,699 |  | 79,946 |  | 82,645 |  |

| Additions | - |  | 7,926 |  | 7,926 |  |

| At 31 July 2025 | 2,699 |  | 87,872 |  | 90,571 |  |

| DEPRECIATION

| At 1 August 2024 | 540 |  | 74,509 |  | 75,049 |  |

| Charge for year | 135 |  | 5,411 |  | 5,546 |  |

| At 31 July 2025 | 675 |  | 79,920 |  | 80,595 |  |

| NET BOOK VALUE

| At 31 July 2025 | 2,024 |  | 7,952 |  | 9,976 |  |

| At 31 July 2024 | 2,159 |  | 5,437 |  | 7,596 |  |

6. | FIXED ASSET INVESTMENTS

2025 | 2024 |

£ | £ |

| Participating interests | 1 |  | 1 |  |

| Loans to undertakings in which the company has a participating interest | 25,349 |  | 25,349 |  |

25,350 |  | 25,350 |  |

| Additional information is as follows:

| Shares in |  | Interest |

| group |  | in joint |

| undertakings |  | venture |  | Totals

£ | £ | £ |

| COST

| At 1 August 2024

| and 31 July 2025 | 392,225 |  | 1 |  | 392,226 |  |

| PROVISIONS

| At 1 August 2024

| and 31 July 2025 | 392,225 |  | - |  | 392,225 |  |

| NET BOOK VALUE

| At 31 July 2025 | - |  | 1 |  | 1 |  |

| At 31 July 2024 | - |  | 1 |  | 1 |  |

| Loans to

| joint

| ventures

£ |

| At 1 August 2024

| and 31 July 2025 | 25,349 |  |

NEW GENERATION WINES LIMITED (REGISTERED NUMBER: 04034942) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 JULY 2025

7. | STOCKS

2025 | 2024 |

£ | £ |

| Stocks | 1,497,516 |  | 1,502,122 |  |

8. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade debtors | 860,512 |  | 1,179,618 |  |

| Prepayments and other debtors | 113,554 |  | 88,050 |  |

974,066 |  | 1,267,668 |  |

9. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Bank loans and overdrafts | - |  | 95,410 |  |

| Trade creditors | 910,148 |  | 661,249 |  |

| Tax | 8,583 |  | 76,455 |  |

| Social security and other taxes | 143,130 |  | 159,322 |  |

| Accrued expenses | 99,380 |  | 167,586 |  |

1,161,241 |  | 1,160,022 |  |

10. | LEASING AGREEMENTS

| Minimum lease payments under non-cancellable operating leases fall due as follows:

2025 | 2024 |

£ | £ |

| Within one year | 32,315 |  | 43,206 |  |

| Between one and five years | 23,759 |  | 44,027 |  |

56,074 |  | 87,233 |  |

11. | SECURED DEBTS

| The following secured debts are included within creditors:

2025 | 2024 |

£ | £ |

| Bank overdraft | - |  | 73,393 |  |

| Bank loans | - |  | 22,017 |  |

- |  | 95,410 |  |

| The bank overdraft and bank loan are secured by fixed and floating charges over the company and all property and assets.

12. | PROVISIONS FOR LIABILITIES

2025 | 2024 |

£ | £ |

| Deferred tax | 2,494 |  | 1,829 |  |

NEW GENERATION WINES LIMITED (REGISTERED NUMBER: 04034942) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 JULY 2025

12. | PROVISIONS FOR LIABILITIES - continued

| Deferred |

| tax |

£ |

| Balance at 1 August 2024 | 1,829 |  |

| Accelerated capital allowances | 665 |  |

| Balance at 31 July 2025 | 2,494 |  |

13. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2025 | 2024 |

| value: | £ | £ |

| 13,037 | Ordinary | £1 | 13,037 |  | 13,037 |  |

| 837,500 | B | £1 | 837,500 |  | 837,500 |  |

850,537 |  | 850,537 |  |

14. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

| The Report of the Auditors was unqualified.

| John Sheather BSc FCA (Senior Statutory Auditor)

| for and on behalf of McCabe Ford Williams

15. | SHARE-BASED PAYMENT TRANSACTIONS

| In 2021 the company entered into an equity-settled share-based payment arrangement with certain directors under an Enterprise Management Incentive Scheme. The vesting period of the scheme was 3 years from 11 March 2021 and therefore the last issue of shares under this scheme was in the year ended 31 July 2024. In the year ended 31 July 2024 there was an expense of £31,725 recorded in the profit and loss account in respect of these share options as required by FRS102.