REGISTERED NUMBER: 03760158 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 October 2025

for

R S Wines Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R Soni

K Soni

SECRETARY:

Mrs S C Soni

REGISTERED OFFICE:

Avonleigh

Parklands Road

Bower Ashton

Bristol

BS3 2JW

REGISTERED NUMBER:

03760158 (England and Wales)

ACCOUNTANTS:

Wormald & Partners

Chartered Accountants (ICAEW)

Brunel House

11 The Promenade

Clifton Down

Bristol

BS8 3NG

FIXED ASSETS

Intangible assets

4

-

105,000

Tangible assets

5

7,156

17,441

7,156

122,441

CURRENT ASSETS

Stocks

72,012

151,771

Debtors

6

120,962

109,767

Cash at bank and in hand

1,318

-

194,292

261,538

CREDITORS

Amounts falling due within one year

7

65,046

189,628

NET CURRENT ASSETS

129,246

71,910

TOTAL ASSETS LESS CURRENT LIABILITIES

136,402

194,351

CREDITORS

Amounts falling due after more than one year

8

176,621

116,188

NET (LIABILITIES)/ASSETS

(40,219

)

78,163

CAPITAL AND RESERVES

Called up share capital

100,000

100,000

Retained earnings

(140,219

)

(21,837

)

SHAREHOLDERS' FUNDS

(40,219

)

78,163

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 22 July 2026 and were signed on its behalf by:

K Soni - Director

R Soni - Director

1.	STATUTORY INFORMATION

R S Wines 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.

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of twenty years.

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.

Tangible fixed assets

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

Plant and machinery etc

-

25% on reducing balance basis, 25% on straight line basis and 15% on reducing balance

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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 3 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 November 2024

125,000

Disposals

(125,000

)

At 31 October 2025

-

AMORTISATION

At 1 November 2024

20,000

Eliminated on disposal

(20,000

)

At 31 October 2025

-

NET BOOK VALUE

At 31 October 2025

-

At 31 October 2024

105,000

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 November 2024

36,254

Disposals

(18,652

)

At 31 October 2025

17,602

DEPRECIATION

At 1 November 2024

18,813

Charge for year

2,026

Eliminated on disposal

(10,393

)

At 31 October 2025

10,446

NET BOOK VALUE

At 31 October 2025

7,156

At 31 October 2024

17,441

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

2,172

72,409

Amounts owed by group undertakings

35,093

35,093

Other debtors

83,697

-

Prepayments and accrued income

-

2,265

120,962

109,767

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

19,291

50,236

Other loans

6,250

34,375

Trade creditors

39,012

101,557

Social security and other taxes

493

2,960

Accruals and deferred income

-

500

65,046

189,628

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 1-2 years

7,000

22,000

Bank loans - 2-5 years

19,083

24,188

Directors' loan accounts

150,538

70,000

176,621

116,188

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank overdraft

-

28,236

Bank loans

45,374

68,188

45,374

96,424

The company's bank borrowings are secured by a fixed and floating charge over the assets of the company together with a personal guarantee of £100,000 from R Soni, a director of the company.

10.	ULTIMATE CONTROLLING PARTY

The controlling party is R Soni.

The ultimate controlling party is R Soni.