0 0 The Gotland Gin Company Ltd 12166617 false 2024-12-01 2025-11-30 2025-11-30 The principal activity of the company is sale of alcoholic beverages. Digita Accounts Production Advanced 6.30.9574.0 true true 12166617 2024-12-01 2025-11-30 12166617 2025-11-30 12166617 bus:OrdinaryShareClass1 2025-11-30 12166617 bus:OrdinaryShareClass2 2025-11-30 12166617 core:RetainedEarningsAccumulatedLosses 2025-11-30 12166617 core:ShareCapital 2025-11-30 12166617 core:HirePurchaseContracts core:CurrentFinancialInstruments 2025-11-30 12166617 core:HirePurchaseContracts core:Non-currentFinancialInstruments 2025-11-30 12166617 core:CurrentFinancialInstruments 2025-11-30 12166617 core:CurrentFinancialInstruments core:WithinOneYear 2025-11-30 12166617 core:Non-currentFinancialInstruments 2025-11-30 12166617 core:Non-currentFinancialInstruments core:AfterOneYear 2025-11-30 12166617 core:LandBuildings core:OwnedOrFreeholdAssets 2025-11-30 12166617 core:MotorVehicles 2025-11-30 12166617 core:OfficeEquipment 2025-11-30 12166617 core:PlantMachinery 2025-11-30 12166617 bus:SmallEntities 2024-12-01 2025-11-30 12166617 bus:AuditExemptWithAccountantsReport 2024-12-01 2025-11-30 12166617 bus:FilletedAccounts 2024-12-01 2025-11-30 12166617 bus:SmallCompaniesRegimeForAccounts 2024-12-01 2025-11-30 12166617 bus:RegisteredOffice 2024-12-01 2025-11-30 12166617 bus:Director1 2024-12-01 2025-11-30 12166617 bus:Director2 2024-12-01 2025-11-30 12166617 bus:OrdinaryShareClass1 2024-12-01 2025-11-30 12166617 bus:OrdinaryShareClass2 2024-12-01 2025-11-30 12166617 bus:PrivateLimitedCompanyLtd 2024-12-01 2025-11-30 12166617 core:LandBuildings 2024-12-01 2025-11-30 12166617 core:LandBuildings core:OwnedOrFreeholdAssets 2024-12-01 2025-11-30 12166617 core:MotorVehicles 2024-12-01 2025-11-30 12166617 core:OfficeEquipment 2024-12-01 2025-11-30 12166617 core:PlantMachinery 2024-12-01 2025-11-30 12166617 countries:England 2024-12-01 2025-11-30 12166617 2024-11-30 12166617 core:LandBuildings core:OwnedOrFreeholdAssets 2024-11-30 12166617 core:MotorVehicles 2024-11-30 12166617 core:OfficeEquipment 2024-11-30 12166617 core:PlantMachinery 2024-11-30 12166617 2023-12-01 2024-11-30 12166617 2024-11-30 12166617 bus:OrdinaryShareClass1 2024-11-30 12166617 bus:OrdinaryShareClass2 2024-11-30 12166617 core:RetainedEarningsAccumulatedLosses 2024-11-30 12166617 core:ShareCapital 2024-11-30 12166617 core:HirePurchaseContracts core:CurrentFinancialInstruments 2024-11-30 12166617 core:HirePurchaseContracts core:Non-currentFinancialInstruments 2024-11-30 12166617 core:CurrentFinancialInstruments 2024-11-30 12166617 core:CurrentFinancialInstruments core:WithinOneYear 2024-11-30 12166617 core:Non-currentFinancialInstruments 2024-11-30 12166617 core:Non-currentFinancialInstruments core:AfterOneYear 2024-11-30 12166617 core:LandBuildings core:OwnedOrFreeholdAssets 2024-11-30 12166617 core:MotorVehicles 2024-11-30 12166617 core:OfficeEquipment 2024-11-30 12166617 core:PlantMachinery 2024-11-30 xbrli:pure iso4217:GBP xbrli:shares

Registration number: 12166617

The Gotland Gin Company Ltd Annual Report and Unaudited Financial Statements for the year ended 30 November 2025

The Gotland Gin Company Ltd

Contents

Profit and Loss Account and Statement of Retained Earnings | 1
Balance Sheet | 2
Notes to the Unaudited Financial Statements | 3 to 11

The Gotland Gin Company Ltd

Profit and Loss Account and Statement of Retained Earnings for the Year Ended 30 November 2025

| Note | 2025 £ | 2024 £
Turnover |  | 132,919 | 126,240
Cost of sales |  | (80,349) | (71,564)
Gross profit |  | 52,570 | 54,676
Administrative expenses |  | (69,105) | (57,770)
Operating loss |  | (16,535) | (3,094)
Other interest receivable and similar income |  | 11 | -
Interest payable and similar charges |  | (1,166) | (2,351)
|  | (1,155) | (2,351)
Loss before tax |  | (17,690) | (5,445)
Taxation |  | - | 12,543
(Loss)/profit for the financial year |  | (17,690) | 7,098
Retained earnings brought forward |  | (6,312) | (13,410)
Retained earnings carried forward |  | (24,002) | (6,312)

The Gotland Gin Company Ltd

(Registration number: 12166617)
Balance Sheet as at 30 November 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 83,959 | 93,339
Current assets |  |  |
Stocks | 5 | 1,432 | 2,111
Debtors | 6 | 6,261 | 5,706
Cash at bank and in hand |  | 11,050 | 6,778
|  | 18,743 | 14,595
Creditors: Amounts falling due within one year | 7 | (126,702) | (83,560)
Net current liabilities |  | (107,959) | (68,965)
Total assets less current liabilities |  | (24,000) | 24,374
Creditors: Amounts falling due after more than one year | 7 | - | (30,684)
Net liabilities |  | (24,000) | (6,310)
Capital and reserves |  |  |
Called up share capital | 8 | 2 | 2
Retained earnings |  | (24,002) | (6,312)
Shareholders' deficit |  | (24,000) | (6,310)

For the financial year ending 30 November 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 accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 4 April 2026 and signed on its behalf by:

Mr M J Rees Director | Mrs D H Rees Director |

The Gotland Gin Company Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

1 | General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
3 Church Road
Highampton
BEAWORTHY
Devon
EX21 5LS

These financial statements were authorised for issue by the Board on 4 April 2026.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

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

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis as the directors have confirmed on going support to the company.

The Gotland Gin Company Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

Judgements

There are no judgements which management have made in the process of applying the accounting policies.

Key sources of estimation uncertainty

There are no key sources of estimation uncertainty that have a significant risk of causing a material adjustment to assets and liabilities to be disclosed..

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Government grants

Grants are recognised when the company meets all the criteria of the grant conditions and it is released against the same period of expenditure to which it relates.

Tax

The tax expense for the period comprises tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Deferred income 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 income 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 assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

The Gotland Gin Company Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Land and buildings | 3 years straight line basis
Plant and machinery | 20% reducing balance basis or straight line basis over useful life of asset
Office equipment | 20% reducing balance basis
Motor vehicles | 20% reducing balance basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
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. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

The Gotland Gin Company Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.
Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the Balance Sheet as a finance lease obligation.
Lease payments are apportioned between finance costs in the Profit and Loss Account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

The Gotland Gin Company Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

Financial instruments

Classification
Basic ﬁnancial assets include trade and other debtors, cash and bank balances. Basic ﬁnancial liabilities include trade and other payables, bank loans and preference shares that are classiﬁed as debt.
Recognition and measurement
Basic financial assets are initially recognised at transaction price, unless the arrangement constitutes a ﬁnancing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method. Other debtors are classified as current assets if payment is due within one year or less and are initially recorded at transaction price and subsequently measured at the undiscounted amount of the cash expected to be received. Trade debtors are referred to above.
Basic financial liabilities are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Other creditors are classiﬁed as current liabilities if payment is due within one year or less and are recognised initially at transaction price and subsequently measured at the undiscounted amount of the cash expected to be paid. If not, they are presented as non-current liabilities and are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. Trade creditors and leases are referred to above.
Impairment
At the end of each reporting period ﬁnancial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash ﬂows discounted at the asset’s original effective interest rate. The impairment loss is recognised in proﬁt or loss.
If there is decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been had the impairment not previously been recognised. The impairment reversal is recognised in proﬁt or loss.

3 | Staff numbers

The average number of persons employed by the company (including directors under service contract) during the year, was 0 (2024 - 0).

The Gotland Gin Company Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

4 | Tangible assets

| Land and buildings £ | Plant and machinery £ | Office equipment £ | Motor vehicles £ | Total £
Cost or valuation
At 1 December 2024 | 17,923 | 50,548 | 2,126 | 69,789 | 140,386
Additions | 549 | 14,106 | - | - | 14,655
At 30 November 2025 | 18,472 | 64,654 | 2,126 | 69,789 | 155,041
Depreciation
At 1 December 2024 | 5,319 | 14,092 | 1,214 | 26,422 | 47,047
Charge for the year | 6,106 | 9,074 | 182 | 8,673 | 24,035
At 30 November 2025 | 11,425 | 23,166 | 1,396 | 35,095 | 71,082
Carrying amount
At 30 November 2025 | 7,047 | 41,488 | 730 | 34,694 | 83,959
At 30 November 2024 | 12,604 | 36,456 | 912 | 43,367 | 93,339

Included within the net book value above is £7,047 (2024 - £12,605) in respect of tenants improvements.

5 | Stocks

| 2025 £ | 2024 £
Other inventories | 1,432 | 2,111

The Gotland Gin Company Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

6 | Debtors

Current | 2025 £ | 2024 £
Trade debtors | 3,845 | 2,871
Prepayments | 2,416 | 2,835
| 6,261 | 5,706

The Gotland Gin Company Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

7 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Loans and borrowings | 9 | 113,650 | 80,867
Taxation and social security |  | 3,717 | 1,649
Accruals and deferred income |  | 8,676 | 1,044
Other creditors |  | 659 | -
|  | 126,702 | 83,560

Creditors: amounts falling due after more than one year

| Note | 2025 £ | 2024 £
Due after one year |  |  |
Loans and borrowings | 9 | - | 30,684

8 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary A share of £1 each | 1 | 1 | 1 | 1
Ordinary B share of £1 each | 1 | 1 | 1 | 1
| 2 | 2 | 2 | 2

9 | Loans and borrowings

Non-current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | - | 3,204
Hire purchase contracts | - | 27,480
| - | 30,684

The Gotland Gin Company Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

| 2025 £ | 2024 £
Current loans and borrowings
Bank borrowings | - | 2,443
Hire purchase contracts | - | 3,582
Loans from related parties | 113,650 | 74,842
| 113,650 | 80,867