REGISTERED NUMBER: 07397728 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

GREYFRIARS VINEYARD LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

7

DIRECTORS:

M J Wagstaff

H M Wagstaff

REGISTERED OFFICE:

The Hog's Back

Puttenham

Guildford

Surrey

GU3 1AG

REGISTERED NUMBER:

07397728 (England and Wales)

FIXED ASSETS

Tangible assets

4

3,492,710

3,568,192

CURRENT ASSETS

Stocks

2,437,688

2,180,989

Debtors

139,899

247,357

Cash at bank and in hand

21,796

39,100

2,599,383

2,467,446

CREDITORS

Amounts falling due within one year

364,677

675,857

NET CURRENT ASSETS

2,234,706

1,791,589

TOTAL ASSETS LESS CURRENT LIABILITIES

5,727,416

5,359,781

CREDITORS

Amounts falling due after more than one year

8,000,000

7,500,000

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(2,272,684

)

(2,140,319

)

SHAREHOLDERS' FUNDS

(2,272,584

)

(2,140,219

)

5,727,416

5,359,781

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2025 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 May 2026 and were signed on its behalf by:

M J Wagstaff - Director

1.	STATUTORY INFORMATION

Greyfriars Vineyard 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.

The financial statements have been prepared on a going concern basis, which the directors consider to be appropriate, as they have agreed not to withdraw their loan accounts and to provide the necessary finance to enable the company to meet its liabilities as they fall due.

Turnover

Turnover represents net invoiced sales of wine and rental income from premises, excluding value added tax.

Turnover is recognised as the right to consideration arises and adjustments are made for accrued and deferred income.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation less accumulated depreciation. Cost includes costs directly attributable to making the asset capable of operating as intended by management.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Freehold property

-

2% on cost

Vines and trellising

-

4% on cost

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

20% on reducing balance

Computer equipment

-

33.33% on cost

Land

Land is stated at cost, including purchase price and directly attributable acquisition costs, less any accumulated impairment losses.

Land is not depreciated as it has an indefinite useful life.

The asset is reviewed for impairment where indicators exist, with any impairment losses recognised in profit or loss. Gains or losses on disposal are recognised in profit or loss.

Stocks

Stocks are valued at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Financial instruments

The company enters into basic financial instruments, which result in the recognition of financial assets and liabilities. Financial instruments are recognised at amortised cost. At the end of each reporting period financial instruments are assessed for evidence of impairment, and changes are recognised in profit or loss.

Taxation

Taxation for the year comprises current 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 tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods.

Deferred tax represents the future tax consequences of material transactions and events recognised in the financial statements of current and previous periods.

Current tax assets and liabilities are not discounted and are 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.

Foreign currencies

Transactions denominated in foreign currencies are translated into sterling and recorded at the rate of exchange ruling at the date of the transaction. Balances at the year-end denominated in a foreign currency are translated into sterling at the rate of exchange ruling at the balance sheet date.

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 are charged to the profit and loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2024 - 12 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2025

5,010,581

Additions

51,647

At 31 December 2025

5,062,228

DEPRECIATION

At 1 January 2025

1,442,389

Charge for year

127,129

At 31 December 2025

1,569,518

NET BOOK VALUE

At 31 December 2025

3,492,710

At 31 December 2024

3,568,192

5.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

As at 31 December 2025, a director had loaned the company £8,314,936 (2024 - £8,088,525) of which £314,936 (2024 - £588,525) is repayable upon demand and £8,000,000 (2024 - £7,500,000) is repayable in more than one year from the balance sheet date. There is no interest due on the loan.

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 Income Statement 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 Greyfriars Vineyard Limited for the year ended 31 December 2025 which comprise the Statement of Income and Retained Earnings, Abridged Balance Sheet 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 Greyfriars Vineyard 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 Greyfriars Vineyard Limited and state those matters that we have agreed to state to the Board of Directors of Greyfriars Vineyard 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 Greyfriars Vineyard Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Greyfriars Vineyard 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 loss of Greyfriars Vineyard Limited. You consider that Greyfriars Vineyard 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 Greyfriars Vineyard 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.

Caldwell Penn

7a Abbey Business Park

Monks Walk

Farnham

Surrey

GU9 8HT

Date: .............................................