ACCOUNTS - Final Accounts

Commitments under operating leases

At 31 December 2025 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

Company registration number: 00410660

	FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 31 DECEMBER 2025

	THE WINE AND SPIRIT TRADE ASSOCIATION (A Company Limited by Guarantee)


THE WINE AND SPIRIT TRADE ASSOCIATION (A Company Limited by Guarantee)

COMPANY INFORMATION

Directors	M G Beale
	L M Copes F Cruciani
	R P Copestick (appointed 9 July 2025)
	B J Davis (appointed 9 July 2025)
	S P Hogg (appointed 9 July 2025)
	L James (appointed 24 April 2025)
	H J P Miles
	G Murray (appointed 9 July 2025)
	J Nollet (appointed 6 February 2025)
	C Thompson Hill
	K Wilson (appointed 24 April 2025)
	T H Q Wilson (appointed 24 April 2025)
	S M F Finlan (appointed 28 April 2026)


Company secretary	G M Keyes


Registered number	00410660


Registered office	Unit 9 Baden Place
	Crosby Row
	London
	SE1 1YW


Principal place of business	Unit 9 Baden Place
	Crosby Row
	London
	SE1 1YW



Independent auditors	Menzies LLP
	Chartered Accountants & Statutory Auditor
	95 Gresham Street
	London
	EC2V 7AB


THE WINE AND SPIRIT TRADE ASSOCIATION (A Company Limited by Guarantee)

CONTENTS

	Page
Statement of financial position	1
Notes to the financial statements	2 - 6


THE WINE AND SPIRIT TRADE ASSOCIATION (A Company Limited by Guarantee) REGISTERED NUMBER:00410660

STATEMENT OF FINANCIAL POSITION

AS AT 31 DECEMBER 2025

		2025		2024
Note		£		£

Fixed assets
Tangible assets	4		14,115		19,679
			14,115		19,679
Current assets
Debtors: amounts falling due within one year	5	128,843		127,979
Current asset investments	6	442,357		406,117
Cash at bank and in hand		1,107,204		1,016,512
		1,678,404		1,550,608
Creditors: amounts falling due within one year	7	(370,309)		(307,158)
Net current assets			1,308,095		1,243,450
Total assets less current liabilities			1,322,210		1,263,129
Provisions for liabilities
Deferred tax		(7,170)		(7,474)
			(7,170)		(7,474)
Net assets			1,315,040		1,255,655

Capital and reserves
Profit and loss account	1,315,040	1,255,655
	1,315,040	1,255,655

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

M G Beale

Director

Date: 21 May 2026

The notes on pages 2 to 6 form part of these financial statements.

Page 1


THE WINE AND SPIRIT TRADE ASSOCIATION (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

1.	General information

The Wine and Spirit Trade Association is a private company limited by guarantee, incorporated in England & Wales. The address of the registered office and principal place of business is disclosed on the company information page.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Membership fees due to the company are deemed to accrue evenly throughout the term of membership.

2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

The estimated useful lives range as follows:

Fixtures and fittings	-	5 years straight line
Equipment	-	3 - 10 years straight line
Computer software	-	3 years straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.4

Valuation of investments

Investments in listed company shares are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in profit or loss for the period.

Page 2


THE WINE AND SPIRIT TRADE ASSOCIATION (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

2.Accounting policies (continued)

2.5

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

2.6

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to the Statement of Income and Retained Earnings on a straight line basis over the lease term.

2.7

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

Employees

The average monthly number of employees during the year was 15 (2024 -15).

Page 3


THE WINE AND SPIRIT TRADE ASSOCIATION (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

4.	Tangible fixed assets

	Fixtures and fittings	Equipment	Computer software	Total
	£	£	£	£
Cost or valuation
At 1 January 2025	19,527	37,771	49,500	106,798
Additions	656	2,097	-	2,753
Disposals	-	(16,907)	-	(16,907)
At 31 December 2025	20,183	22,961	49,500	92,644
Depreciation
At 1 January 2025	10,884	26,735	49,500	87,119
Charge for the year on owned assets	2,866	5,451	-	8,317
Disposals	-	(16,907)	-	(16,907)
At 31 December 2025	13,750	15,279	49,500	78,529
Net book value
At 31 December 2025	6,433	7,682	-	14,115
At 31 December 2024	8,643	11,036	-	19,679

Page 4


THE WINE AND SPIRIT TRADE ASSOCIATION (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

Debtors

					2025	2024
					£	£


Trade debtors	29,934	11,057
Other debtors	14,844	26,212
Prepayments and accrued income	84,065	90,710
	128,843	127,979

6.	Current asset investments
		2025	2024
		£	£

Listed investments	442,357	406,117
	442,357	406,117

7.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Trade creditors	18,474	7,508
Corporation tax	9,015	40,010
Other taxation and social security	75,344	69,011
Other creditors	3,834	11,060
Accruals and deferred income	263,642	179,569
	370,309	307,158


8.	Company limited by guarantee

The Company is limited by guarantee and has no share capital. The liability of each member in the event of winding up is limited to £1.
There is no one controlling party, the company is jointly controlled by its members.

Page 5


THE WINE AND SPIRIT TRADE ASSOCIATION (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

Not later than 1 year	45,833	55,000
Later than 1 year and not later than 5 years	-	45,833
	45,833	100,833

10.	Auditors' information

The auditors' report on the financial statements for the year ended 31 December 2025 was unqualified.

The audit report was signed on 21 May 2026 by Sarah Hallam FCCA (Senior statutory auditor) on behalf of Menzies LLP.

Page 6