Steiner Hops Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 01166845 (England and Wales)

Financial Statements for the Year Ended 31st December 2025

for

Steiner Hops Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

L S Gimbel IV

E Kentish Barnes

REGISTERED OFFICE:

15a Henley Business Park

Pirbright Road

Normandy

Guildford

Surrey

GU3 2DX

REGISTERED NUMBER:

01166845 (England and Wales)

AUDITORS:

Moulton Johnson Limited

Chartered Accountants & Statutory Auditors

29a Crown Street

Brentwood

Essex

CM14 4BA

FIXED ASSETS

Intangible assets

4

81,332

90,716

Tangible assets

5

199,154

252,864

Investments

6

950

281,436

344,530

CURRENT ASSETS

Stocks

7

2,152,629

2,965,720

Debtors

8

1,721,765

1,551,606

Cash at bank

381,131

172,228

4,255,525

4,689,554

CREDITORS

Amounts falling due within one year

9

1,658,666

2,449,509

NET CURRENT ASSETS

2,596,859

2,240,045

TOTAL ASSETS LESS CURRENT
LIABILITIES

2,878,295

2,584,575

CREDITORS

Amounts falling due after more than one
year

10

600,000

80,000

NET ASSETS

2,278,295

2,504,575

CAPITAL AND RESERVES

Called up share capital

75,000

Capital contribution reserve

1,261,116

Retained earnings

942,179

1,168,459

SHAREHOLDERS' FUNDS

2,278,295

2,504,575

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 26th May 2026 and were signed on its behalf by:

L S Gimbel IV - Director

E Kentish Barnes - Director

1.	STATUTORY INFORMATION

Steiner Hops 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.

Revenue recognition

Turnover represents the net sales value of goods and services sold during the year, excluding VAT. Turnover is recognised when goods are despatched.

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.

Computer software is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

20% on cost, over the term of the lease and 15 years

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.

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.

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.

Provision for losses arising on forward contracts

It is the company's policy to match all significant forward purchase and sales contracts. The company regularly reviews its stock relating to to unmatched purchase contracts in order to identify whether losses are likely to be incurred and to ensure provision for these losses has been recognised in the financial statements.

Investments

Investments are recognised at cost.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2024 - 8 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1st January 2025

and 31st December 2025

93,844

AMORTISATION

At 1st January 2025

3,128

Charge for year

9,384

At 31st December 2025

12,512

NET BOOK VALUE

At 31st December 2025

81,332

At 31st December 2024

90,716

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st January 2025

438,570

Additions

686

At 31st December 2025

439,256

DEPRECIATION

At 1st January 2025

185,706

Charge for year

54,396

At 31st December 2025

240,102

NET BOOK VALUE

At 31st December 2025

199,154

At 31st December 2024

252,864

6.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1st January 2025

and 31st December 2025

950

NET BOOK VALUE

At 31st December 2025

950

At 31st December 2024

950

7.

STOCKS

31.12.25

31.12.24

£

Stock of raw materials

101,550

326,561

Processed and finished goods

2,051,079

2,639,159

2,152,629

2,965,720

8.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

Trade debtors

1,005,881

843,132

Amounts owed by group undertakings

673,855

677,346

Other debtors

18,678

13,809

Prepayments

23,351

17,319

1,721,765

1,551,606

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

Trade creditors

47,163

56,129

Social security and other taxes

15,206

14,407

Due to group undertakings

1,571,705

2,286,062

Accrued expenses

24,592

92,911

1,658,666

2,449,509

10.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.12.25

31.12.24

£

Amounts owed to group undertakings

600,000

80,000

11.	LEASING AGREEMENTS

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

31.12.25

31.12.24

£

Within one year

51,500

126,756

Between one and five years

-

51,500

178,256

12.	SECURED DEBTS

The company has provided an unlimited debenture to its bankers which incorporates a fixed and floating charge over the assets of the company, a cross-guarantee and a right of set-off in respect of a fellow subsidiary, Hopsteiner Services Limited.

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

The Report of the Auditors was unqualified.

Ian Sutton ACA FCCA (Senior Statutory Auditor)

for and on behalf of Moulton Johnson Limited

14.	OTHER FINANCIAL COMMITMENTS

It is the company's policy to match all significant forward purchase and sales contracts. However, the company's customer base has changed over recent years to include smaller breweries. This has resulted in the company now having forward purchase contracts that are not fully matched to a sales contract.

The company regularly reviews its stock relating to unmatched purchase contracts in order to identify whether losses are likely to be incurred and to ensure provision for these losses has been recognised in the financial statements.

In addition, the company enters into forward contracts to buy currency at specified rates from time to time. This normally occurs when the directors are aware of future liabilities on forward purchase contracts arising in foreign currencies and these are then covered partially or in full depending on the cash requirements of the business.

In the opinion of the directors, the company had no unmatched commitments on forward contracts that represented a significant risk to the company at the balance sheet date.

15.	RELATED PARTY DISCLOSURES

S.S. Steiner Inc.

Parent company

During the year, the company sold products and services amounting to £39,056 (2024: £275,944) and purchased products and services amounting to £1,385,567 (2024: £2,279,559) from its parent company.

The balance due to the parent company at the balance sheet date amounted to £833,557 (2024: £617,774).

Simon H. Steiner, Hopfen, GmbH

A fellow subsidiary

During the year, the company sold products and services amounting to £467,714 (2024: £514,145) to Simon H. Steiner, Hopfen, GmbH. In addition, the company purchased products amounting to £1,317,451 (2024: £1,489,641) from its fellow subsidiary and were charged interest on loans of £85,177 (2024: £68,500).

In the previous year, Simon H. Steiner, Hopfen, GmbH advanced a short term loan to the company which attracts interest at a rate of 8.50% per annum. The balance on this loan at 31st December 2025 amounted to £600,000 (2024: £1,200,000) which is due after more than one year.

In 2021, Simon H. Steiner, Hopfen, GmbH advanced a long-term loan to the company which attracts interest at a rate of 3.25% per annum, the balance of this loan at 31st December 2025 amounted to £80,000 (2024: £160,000) which is due within one year.

The overall balance due to Simon H. Steiner, Hopfen, GmbH at the balance sheet date amounted to £1,337,193 (2024: £1,748,288) of which £737,193 (2024: £1,668,288) is due within one year.

Hopsteiner Services Limited

A fellow subsidiary

During the year, the company leased a property from its fellow subsidiary Hopsteiner Services Limited amounting to £192,727 (2024: £187,155). This also included recharges of rates and utility costs.

The company also provided an interest-free loan to its fellow subsidiary during the year. The balance due to Hopsteiner Services Limited at the balance sheet date amounted to £673,855 (2024: £677,346).

In 2021, Hopsteiner Services Limited acquired a mortgage to purchase a commercial property. The company has provided a right of set-off and cross guarantee to the bank.

Hopsteiner Espana S.A.

A fellow subsidiary

During the year, the company purchased products and services amounting to £115,157 (2024: £Nil) from its fellow subsidiary Hopsteiner Espana S.A.

Hallertauer Hopfenveredelungsgesellschaft GmbH

A fellow subsidiary

During the year, the company purchased products and services amounting to £244 (2024: £Nil) from its fellow subsidiary Hallertauer Hopfenveredelungsgesellschaft GmbH.

The balance due to Hallertauer Hopfenveredelungsgesellschaft GmbH at the balance sheet date amounted to £241 (2024: £Nil).

16.	ULTIMATE PARENT COMPANY

The ultimate parent company is S.S. Steiner Inc. a company incorporated in the United States of America. The parent company prepares consolidated accounts and its registered office is 725 5th Avenue, New York, NY 10022.