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Registered number: 04454829 WINPAC EUROPE LIMITED FINANCIAL STATEMENTS INFORMATION FOR FILING WITH THE REGISTRAR FOR THE YEAR ENDED 31 DECEMBER 2025
WINPAC EUROPE LIMITED REGISTERED NUMBER: 04454829 BALANCE SHEET AS AT 31 DECEMBER 2025
| 2025 | 2025 | 2024 | 2024
Note | £ | £ | £ | £
Investments | 5 |  | - |  | -
Current assets |  |  |  |  |
Debtors | 6 | 767,796 |  | 840,006 |
Cash at bank and in hand | 7 | 1,755 |  | 4,373 |
|  | 769,551 |  | 844,379 |
Creditors: amounts falling due within one year | 8 | (762,851) |  | (867,247) |
Net current assets/(liabilities) |  |  | 6,700 |  | (22,868)
Total assets less current liabilities |  |  | 6,700 |  | (22,868)
Net assets/(liabilities) |  |  | 6,700 |  | (22,868)
Capital and reserves |  |  |  |  |
Called up share capital | 9 |  | 500,000 |  | 500,000
Profit and loss account |  |  | (493,300) |  | (522,868)
|  |  | 6,700 |  | (22,868)
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 statement of comprehensive income 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:
V W K Fung
Director
Date: 15 July 2026
The notes on pages 2 to 6 form part of these financial statements. Page 1
WINPAC EUROPE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
1. | General information
Winpac Europe Limited (’the company’) is a private company limited by shares and is incorporated in England and Wales. The registered office is Charles Lake House, Claire Causeway, Crossways Business Park, Dartford, Kent, United Kingdom, DA2 6QA. The company's primary activity is to be an investment holding company. 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 Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and 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 | Exemption from preparing consolidated financial statements
The company, and the Group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and Group are considered eligible for the exemption to prepare consolidated accounts.
| 2.3 | Going concern
The company has net assets of £6,700 (2024: net liabilities of £22,868). The company was previously a holding company for a trading entity; however, due to trading difficulties, the subsidiary company has ceased to trade and subsequent to the year-end has disposed of the property from which it traded. Following this disposal, the subsidiary company has settled the outstanding intercompany debt and it is the intention of the directors to strike-off this company in the near future. All balances are held at their recoverable amount and the directors therefore consider that even if the accounts were to be prepared on a basis other than the going concern basis, no adjustment would be required to these financial statements. Furthermore, the group of which the company is a member has confirmed that it will continue to provide financial support to the company as required until such time as the company is struck-off. Page 2
WINPAC EUROPE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 2.Accounting policies (continued)
| 2.4 | Foreign currency translation
Functional and presentation currency The company's functional and presentational currency is GBP. Transactions and balances Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions. At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined. Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges. Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of comprehensive income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.
| 2.5 | Interest income
Interest income is recognised in profit or loss using the effective interest method.
| 2.6 | Valuation of investments
Investments in subsidiaries are measured at cost less accumulated impairment.
| 2.7 | Debtors
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
| 2.8 | Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
| 2.9 | Creditors
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method. Page 3
WINPAC EUROPE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 2.Accounting policies (continued)
| 2.10 | Financial instruments
The company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments. Financial instruments are recognised in the company's Balance sheet when the company becomes party to the contractual provisions of the instrument.
3. | Judgments in applying accounting policies and key sources of estimation uncertainty
Investments in subsidiaries are measured at cost less accumulated impairment. The impairment estimation is a significant judgment.
4. | Employees
| The average monthly number of employees, including directors, during the year was 2 (2024 - 2).
5. | Fixed asset investments
|  | Investments in subsidiary companies
|  | £
| Cost or valuation |
| At 1 January 2025 | 1,138,705
| At 31 December 2025 | 1,138,705
| Impairment |
| At 1 January 2025 | 1,138,705
| At 31 December 2025 | 1,138,705
| Net book value |
| At 31 December 2025 | -
| At 31 December 2024 | -
Page 4
WINPAC EUROPE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
6. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Amounts owed by group undertakings | 765,855 | 837,200
| Other debtors | 1,941 | 2,806
|  | 767,796 | 840,006
| Amounts due by group undertakings are unsecured, interest free and repayable on demand.
7. | Cash and cash equivalents
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Cash at bank and in hand | 1,755 | 4,373
8. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade creditors | 6,544 | 21,340
| Amounts owed to group undertakings | 747,600 | 837,200
| Other creditors | 207 | 207
| Accruals and deferred income | 8,500 | 8,500
|  | 762,851 | 867,247
| Amounts due to group undertakings are unsecured, interest free and repayable on demand.
9. | Share capital
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
|  | Allotted, called up and fully paid |  |
|  | 500,000 (2024 - 500,000) Ordinary Shares shares of £1.00 each | 500,000 | 500,000
Page 5
WINPAC EUROPE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
10. | Related party transactions
| The company has taken advantage of the exemption under Section 33 of FRS 102 regarding the disclosure of transactions entered into between wholly-owned members of a group.
11. | Controlling party
The company's immediate parent undertaking is Winpac International Limited, a company incorporated in Hong Kong. The ultimate holding company is Goodwill International (Holdings) Limited, a company incorporated in Hong Kong. A copy of the financial statements of Goodwill International (Holdings) Limited can be obtained from Suite B, 10th Floor, Yardley Commercial Building, 3 Connaught Road West, Sheung Wan, Hong Kong.
12. | Auditors' information
The auditors' report on the financial statements for the year ended 31 December 2025 was unqualified. The audit report was signed on 15 July 2026 by Nick Bartlett (Senior statutory auditor) on behalf of Barnes Roffe Audit Limited.
Page 6