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REGISTERED NUMBER: 06689788 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

FOR

G R WINES LIMITED

TRADING AS

TIPSY FOX DRINKS CO.

| G R WINES LIMITED (REGISTERED NUMBER: 06689788) |

| TRADING AS TIPSY FOX DRINKS CO. |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| G R WINES LIMITED |

| TRADING AS TIPSY FOX DRINKS CO. |

COMPANY INFORMATION

FOR THE YEAR ENDED 31 AUGUST 2025

| DIRECTOR: | Gregor James Reid

| REGISTERED OFFICE: | Lawrence House

| James Nicolson Link

| Clifton Moor

| York

| North Yorkshire

| YO30 4WG

| REGISTERED NUMBER: | 06689788 (England and Wales)

| ACCOUNTANTS: | Walter Dawson & Son

| Chartered Accountants

| Lawrence House

| James Nicolson Link

| Clifton Moor

| York

| North Yorkshire

| YO30 4WG

| G R WINES LIMITED (REGISTERED NUMBER: 06689788) |

| TRADING AS TIPSY FOX DRINKS CO. |

BALANCE SHEET

31 AUGUST 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 4 | - |  | - |  |

Tangible assets | 5 | 9,983 |  | 7,270 |  |

9,983 |  | 7,270 |  |

CURRENT ASSETS

Stocks | 215,785 |  | 225,909 |  |

Debtors | 6 | 3,175 |  | 33,465 |  |

Cash at bank and in hand | 127,987 |  | 129,612 |  |

346,947 |  | 388,986 |  |

CREDITORS

Amounts falling due within one year | 7 | 38,104 |  | 75,241 |  |

NET CURRENT ASSETS | 308,843 |  | 313,745 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 318,826 |  | 321,015 |  |

PROVISIONS FOR LIABILITIES | 2,473 |  | 1,818 |  |

NET ASSETS | 316,353 |  | 319,197 |  |

CAPITAL AND RESERVES

Called up share capital | 1 |  | 1 |  |

Profit and loss account | 316,352 |  | 319,196 |  |

316,353 |  | 319,197 |  |

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

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

| G R WINES LIMITED (REGISTERED NUMBER: 06689788) |

| TRADING AS TIPSY FOX DRINKS CO. |

BALANCE SHEET - continued

31 AUGUST 2025

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 21 May 2026 and were signed by:

Gregor James Reid - Director

| G R WINES LIMITED (REGISTERED NUMBER: 06689788) |

| TRADING AS TIPSY FOX DRINKS CO. |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

1. | STATUTORY INFORMATION

| G R 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.

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.

| Turnover

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

| 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 | - | 25% on reducing balance

| 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 Profit and Loss Account, 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.

| G R WINES LIMITED (REGISTERED NUMBER: 06689788) |

| TRADING AS TIPSY FOX DRINKS CO. |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 AUGUST 2025

2. | ACCOUNTING POLICIES - continued

| 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.

| Income recognition

| Income is recognised when goods have been delivered to customers such that the risks and rewards of ownership have transferred to them.

| Leasing commitments

| Rentals payable under operating leases are charged to the profit and loss account on a straight line basis over the period of the leases. The benefits of lease incentives are recognised in the profit and loss account over the lease period on a straight line basis.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 7 (2024 - 7 ) .

4. | INTANGIBLE FIXED ASSETS

| Goodwill

£ |

| COST

| At 1 September 2024

| and 31 August 2025 | 12,126 |  |

| AMORTISATION

| At 1 September 2024

| and 31 August 2025 | 12,126 |  |

| NET BOOK VALUE

| At 31 August 2025 | - |  |

| At 31 August 2024 | - |  |

| G R WINES LIMITED (REGISTERED NUMBER: 06689788) |

| TRADING AS TIPSY FOX DRINKS CO. |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 AUGUST 2025

5. | TANGIBLE FIXED ASSETS

| Fixtures

| and

| fittings

£ |

| COST

| At 1 September 2024 | 56,278 |  |

| Additions | 6,040 |  |

| At 31 August 2025 | 62,318 |  |

| DEPRECIATION

| At 1 September 2024 | 49,008 |  |

| Charge for year | 3,327 |  |

| At 31 August 2025 | 52,335 |  |

| NET BOOK VALUE

| At 31 August 2025 | 9,983 |  |

| At 31 August 2024 | 7,270 |  |

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

2025 | 2024 |

£ | £ |

| Other debtors | 349 |  | 4,749 |  |

| Directors' loan accounts | - |  | 25,978 |  |

| Prepayments and accrued income | 2,826 |  | 2,738 |  |

3,175 |  | 33,465 |  |

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

2025 | 2024 |

£ | £ |

| Trade creditors | 7,290 |  | 52,378 |  |

| Tax | 7,685 |  | 16,074 |  |

| VAT | 13,082 |  | 3,430 |  |

| Other creditors | 613 |  | 726 |  |

| Directors' loan accounts | 5,384 |  | - |  |

| Accruals and deferred income | 4,050 |  | 2,633 |  |

38,104 |  | 75,241 |  |

8. | PENSION COMMITMENTS

| The company operates a defined contribution scheme. The assets of the pension scheme are held separately from those of the company in an independently administered fund. The pension cost represents contributions payable by the company to the fund which amounted to £1,786 (2024: £1,728). Contributions totalling £165 (2024: £191) were payable to the fund at the year ended and are included in creditors.

| G R WINES LIMITED (REGISTERED NUMBER: 06689788) |

| TRADING AS TIPSY FOX DRINKS CO. |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 AUGUST 2025

9. | OTHER FINANCIAL COMMITMENTS

| The company had capital and other commitments contracted but not provided for totalling £147,500 (2024: £182,500).

10. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

| During the year, the company made advances to the Directors totalling £51,443 (2024: £123,664). These were repayable on demand. The company received repayments totalling £70,249 (2024: £37,500).