CIBD TRADING LIMITED

Company Registration Number:
05584522 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2025

Period of accounts

Start date: 1 January 2025

End date: 31 December 2025

CIBD TRADING LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2025

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

CIBD TRADING LIMITED

Directors' report period ended 31 December 2025

The directors present their report with the financial statements of the company for the period ended 31 December 2025

Principal activities of the company

CIBD Trading Limited is a wholly-owned subsidiary of The Chartered Institute of Brewers and Distillers (CIBD), a charitable company. It exists primarily as a vehicle for managing the trading activities of the Charity and, in particular, the financial activities associated with the Worldwide Distilled Spirits Conference (WDSC) which is normally a triennial event organised by the Scottish Section of the Institute. The next WDSC is to be held on 4th to 7th May 2026. On the 1st January 2025, the company changed its name from IBD Trading Limited to CIBD Trading Limited, in line with being a wholly-owned subsidiary of the CIBD. The Institute of Brewing & Distilling received a Royal Charter in 2023 and the assets of the charity were transferred to the CIBD on 1st January 2025.

Additional information

Results The profit before tax for the year was £nil (2024: profit of £nil). A Gift Aid payment of £28,729 (2024: £46,064) was donated under a deed of covenant to the parent charitable undertaking, The Chartered Institute of Brewers and Distillers, and was payable at the year ended 31 December 2025. Going Concern In auditing the financial statements, we have concluded that the directors’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Our evaluation of the directors’ assessment of the entity’s ability to continue to adopt the going concern basis of accounting included critical reviews of budgets and forecasts provided. CIBD Trading Limited is also in receipt of a Letter of Support from the holding company. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report. Directors The directors who served during the year and up to the date of this report were: G W Calvert T O Shelston B M Mandanna No Directors held any interest in the share capital of the company Directors’ Indemnities Directors benefit from indemnity insurance to cover the liability of the Directors which by virtue of any rule of law would otherwise attach to them in respect of any negligence, default or breach of trust or breach of duty of which they may be guilty in relation to the Company. The cost of this insurance in the year has been included within total insurance costs.



Directors

The directors shown below have held office during the whole of the period from
1 January 2025 to 31 December 2025

George William Calvert
 Thomas Oliver Shelston
 Bhavya Maddanda Mandanna

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
30 June 2026

And signed on behalf of the board by:
Name: George William Calvert
Status: Director

CIBD TRADING LIMITED

Profit And Loss Account

for the Period Ended 31 December 2025

2025 2024


£
£
Turnover: 72,791 86,292
Cost of sales: 0 0
Gross profit(or loss): 72,791 86,292
Administrative expenses: ( 72,791 ) ( 86,292 )
Operating profit(or loss): 0 0
Profit(or loss) before tax: 0 0
Tax: 0 0
Profit(or loss) for the financial year: 0 0

CIBD TRADING LIMITED

Balance sheet

As at 31 December 2025

Notes 2025 2024


£
£
Current assets
Debtors: 3 274,171 13,105
Cash at bank and in hand: 140,833 72,130
Total current assets: 415,004 85,235
Creditors: amounts falling due within one year: 4 ( 413,673 ) ( 83,904 )
Net current assets (liabilities): 1,331 1,331
Total assets less current liabilities: 1,331 1,331
Total net assets (liabilities): 1,331 1,331
Capital and reserves
Called up share capital: 1 1
Profit and loss account: 1,330 1,330
Total Shareholders' funds: 1,331 1,331

The notes form part of these financial statements

CIBD TRADING LIMITED

Balance sheet statements

For the year ending 31 December 2025 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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

This report was approved by the board of directors on 30 June 2026
and signed on behalf of the board by:

Name: George William Calvert
Status: Director

The notes form part of these financial statements

CIBD TRADING LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2025

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Other 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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006. The directors have taken advantage of the exemption in Financial Reporting Standard 102 from including a cash flow statement in the financial statements on the grounds that the company is small. The following principal accounting policies have been applied: 2.2 Tax 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. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. 2.3 Going concern The Directors have assessed the use of going concern and have considered possible events or conditions that might cast significant doubt on the ability of the company to continue as a going concern. The Directors have made this assessment for a period of at least one year from the date of the approval of these financial statements. Whilst there are future uncertainties, the directors have considered that there are no material uncertainties to going concern. The directors have concluded that there is a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing these financial statements 2.4 Income and Expenditure Income for goods or services is recognised in the period in which the goods or services are supplied. All expenditure is accounted for on an accruals basis. Expenditure incurred on events taking place after the year end is carried forward in debtors as prepayments. Income received in advance on events taking place after the year end is carried forward in creditors as deferred income. 2.5 Debtors and creditors receivable/payable within one year Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. 2.6 Financial instruments The Company only holds basic Financial Instruments. The financial assets and financial liabilities of the Company are as follows: Assets - other debtors (including accrued income) are financial instruments and are debt instruments measured at amortised cost as detailed in Note 4. Prepayments are not financial instruments. Cash at bank and short term deposits - are classified as financial instruments and are measured at face value. Liabilities - accruals and other creditors are classified as financial instruments, and are measured at amortised cost as detailed in Note 5.

CIBD TRADING LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2025

  • 2. Employees

    2025 2024
    Average number of employees during the period 0 0

CIBD TRADING LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2025

3. Debtors

2025 2024
£ £
Trade debtors 135,224 13,105
Prepayments and accrued income 96,484
Other debtors 42,463
Total 274,171 13,105

CIBD TRADING LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2025

4. Creditors: amounts falling due within one year note

2025 2024
£ £
Accruals and deferred income 409,011 9,250
Other creditors 4,662 74,654
Total 413,673 83,904