Company registration number 00666499 (England and Wales)
HENNINGS WINE MERCHANTS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
PAGES FOR FILING WITH REGISTRAR
HENNINGS WINE MERCHANTS LIMITED
CONTENTS
Page
Accountants' report
1
Balance sheet
2 - 3
Notes to the financial statements
4 - 8
HENNINGS WINE MERCHANTS LIMITED
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF HENNINGS WINE MERCHANTS LIMITED FOR THE YEAR ENDED 31 MARCH 2026
- 1 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Hennings Wine Merchants Limited for the year ended 31 March 2026 which comprise, the 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 at https://www.icaew.com/regulation.

This report is made solely to the b oard of d irectors of Hennings Wine Merchants Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Hennings Wine Merchants Limited and state those matters that we have agreed to state to the b oard of d irectors of Hennings Wine Merchants Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Hennings Wine Merchants Limited and its b oard of d irectors as a body, for our work or for this report.

It is your duty to ensure that Hennings Wine Merchants 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 profit of Hennings Wine Merchants Limited. You consider that Hennings Wine Merchants 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 Hennings Wine Merchants 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.

Carpenter Box
29 June 2026
Chartered Accountants
Amelia House
Crescent Road
Worthing
West Sussex
BN11 1RL
HENNINGS WINE MERCHANTS LIMITED
BALANCE SHEET
AS AT
31 MARCH 2026
31 March 2026
- 2 -
2026
2025
Notes
£
£
£
£
Fixed assets
Intangible assets
3
69,514
75,084
Tangible assets
4
2,393,709
2,427,271
2,463,223
2,502,355
Current assets
Stocks
813,086
762,444
Debtors
5
231,770
245,314
Cash at bank and in hand
260,020
332,681
1,304,876
1,340,439
Creditors: amounts falling due within one year
6
(756,899)
(655,983)
Net current assets
547,977
684,456
Total assets less current liabilities
3,011,200
3,186,811
Creditors: amounts falling due after more than one year
7
(1,764)
(37,567)
Provisions for liabilities
(151,300)
(159,800)
Net assets
2,858,136
2,989,444
Capital and reserves
Called up share capital
8
10,000
10,000
Revaluation reserve
1,271,923
1,271,923
Profit and loss reserves
1,576,213
1,707,521
Total equity
2,858,136
2,989,444

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements. true

For the financial year ended 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

HENNINGS WINE MERCHANTS LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2026
31 March 2026
- 3 -
The financial statements were approved by the board of directors and authorised for issue on 29 June 2026 and are signed on its behalf by:
Mr E C Hennings
Mr M E Hennings
Director
Director
Company registration number 00666499 (England and Wales)
HENNINGS WINE MERCHANTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
- 4 -
1
Accounting policies
Company information

Hennings Wine Merchants Limited is a private company limited by shares incorporated in England and Wales. The registered office is The Wine Cellars, Station Approach, Pulborough, West Sussex, RH20 1AQ.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.

The directors have considered relevant information, including the company’s principal risks and uncertainties and the impact of subsequent events in making their assessment.

Based on these assessments and having regard to the resources available to the entity, the directors have concluded that there is no material uncertainty and that they can continue to adopt the going concern basis in preparing the annual report and financial statements.

1.3
Turnover

Turnover is recognised at the fair value of the consideration receivable for goods net of VAT and trade discounts.

1.4
Intangible fixed assets - goodwill
Acquired goodwill is written off over its estimated useful economic life.
1.5
Intangible fixed assets other than goodwill

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Operating system
20% on a straight line basis
1.6
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and property
2% straight line per annum on building element only
Equipment and computer equipment
10% diminishing balance & 25% straight line per annum
Fixtures and fittings
10% diminishing balance per annum
Motor vehicles
25% diminishing balance per annum
HENNINGS WINE MERCHANTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
1
Accounting policies
(Continued)
- 5 -

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.7
Stocks

Stocks are stated 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.

1.8
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, 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. Financial liabilities classified as payable within one year are not amortised.

1.9
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.10
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year.

Deferred tax

Deferred tax is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

1.11
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

1.12
Retirement benefits
The company operates a defined contribution scheme for the benefit of a director. Contributions payable are charged to the profit and loss account in the year they are payable.
HENNINGS WINE MERCHANTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
1
Accounting policies
(Continued)
- 6 -
1.13
Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to the profit and loss account so as to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

1.14
Foreign currency translation
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at fixed rates which are periodically reviewed. All differences are taken to the profit and loss account.
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was 20 (2025 - 19).

3
Intangible fixed assets
Goodwill
Other
Total
£
£
£
Cost
At 1 April 2025
44,985
117,442
162,427
Additions
-
0
17,918
17,918
At 31 March 2026
44,985
135,360
180,345
Amortisation and impairment
At 1 April 2025
44,985
42,358
87,343
Amortisation charged for the year
-
0
23,488
23,488
At 31 March 2026
44,985
65,846
110,831
Carrying amount
At 31 March 2026
-
0
69,514
69,514
At 31 March 2025
-
0
75,084
75,084
HENNINGS WINE MERCHANTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
- 7 -
4
Tangible fixed assets
Freehold land and property
Equipment and computer equipment
Fixtures and fittings
Motor vehicles
Total
£
£
£
£
£
Cost or valuation
At 1 April 2025
2,240,000
286,677
262,856
315,110
3,104,643
Additions
-
0
-
0
-
0
29,409
29,409
At 31 March 2026
2,240,000
286,677
262,856
344,519
3,134,052
Depreciation and impairment
At 1 April 2025
10,921
260,847
219,022
186,582
677,372
Depreciation charged in the year
22,400
3,443
4,383
32,745
62,971
At 31 March 2026
33,321
264,290
223,405
219,327
740,343
Carrying amount
At 31 March 2026
2,206,679
22,387
39,451
125,192
2,393,709
At 31 March 2025
2,229,079
25,830
43,834
128,528
2,427,271

The freehold properties with a carrying amount of £2,240,000 were revalued on 31 March 2024 by Vail Williams LLP, independent valuers not connected with the company on the basis of market value. The valuation conforms to International Valuation Standards and were based on recent market transactions for similar properties.

5
Debtors
2026
2025
Amounts falling due within one year:
£
£
Trade debtors
198,485
211,154
Other debtors
33,285
34,160
231,770
245,314
6
Creditors: amounts falling due within one year
2026
2025
£
£
Bank loans
8,066
8,066
Trade creditors
494,172
394,243
Amounts owed to group undertakings
25,758
26,060
Taxation and social security
162,047
169,592
Other creditors
66,856
58,022
756,899
655,983

Included within other creditors is £27,737 (2025 - £4,907) relating to hire purchase contracts, which are secured over the underlying asset.

HENNINGS WINE MERCHANTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
- 8 -
7
Creditors: amounts falling due after more than one year
2026
2025
£
£
Bank loans and overdrafts
1,764
9,830
Other creditors
-
0
27,737
1,764
37,567

Included within other creditors is £Nil (2025 - £27,737) relating to hire purchase contracts, which are secured over the underlying asset.

The bank loan and overdraft above are secured against the property.

8
Called up share capital
2026
2025
2026
2025
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
10,000
10,000
10,000
10,000
9
Operating lease commitments
Lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2026
2025
£
£
40,000
55,000
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