Amwell Pride Limited

	Page
Statement of Financial Position	1—2
Notes to the Financial Statements	3—7

1. General Information

Amwell Pride Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09681134 . The registered office is 7-7c Snuff Street, Devizes, Wiltshire, SN10 1DU.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to income statement over its estimated economic life of 5 years.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	not depreciated
Plant & Machinery	15% reducing balance
Fixtures & Fittings	15% reducing balance

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.6. Financial Instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the

contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement

constitutes a financing transaction, where it is recognised at the present value of the future payments

discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Where investments in non-convertible preference shares and non-puttable ordinary shares or

preference shares are publicly traded or their fair value can otherwise be measured reliably, the

investment is subsequently measured at fair value with changes in fair value recognised in profit or loss.

All other such investments are subsequently measured at cost less impairment.

Other financial instruments, including derivatives, are initially recognised at fair value, unless payment

for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a

market rate, in which case the asset is measured at the present value of the future payments

discounted at a market rate of interest for a similar debt instrument.

Other financial instruments are subsequently measured at fair value, with any changes recognised in

profit or loss, with the exception of hedging instruments in a designated hedging relationship.

...CONTINUED

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Amwell Pride Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 November 2025

2.6. Financial Instruments - continued

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of

impairment at the end of each reporting date. If there is objective evidence of impairment, an

impairment loss is recognised in profit or loss immediately.

For all equity instruments regardless of significance, and other financial assets that are individually

significant, these are assessed individually for impairment. Other financial assets or either assessed

individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal

does not result in a carrying amount of the financial asset that exceeds what the carrying amount would

have been had the impairment not previously been recognised.

2.7. Taxation

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

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

2.8. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the income statement as they become payable in accordance with the rules of the scheme.

2.9. Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount

being estimated where such indicators exist. Where the carrying value exceeds the recoverable

amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at

each reporting date.

When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made

of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating

unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that

are largely independent of the cash inflows from other assets or groups of assets.

2.10. Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past

event; it is probable that the entity will be required to transfer economic benefits in settlement and the

amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the

statement of financial position and the amount of the provision as an expense.

Provisions are initially measured at the best estimate of the amount required to settle the obligation at

the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current

best estimate of the amount that would be required to settle the obligation. Any adjustments to the

amounts previously recognised are recognised in profit or loss unless the provision was originally

recognised as part of the cost of an asset. When a provision is measured at the present value of the

amount expected to be required to settle the obligation, the unwinding of the discount is recognised in

finance costs in profit or loss in the period it arises.

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Amwell Pride Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 November 2025

3. Average Number of Employees

Average number of employees, including directors, during the year was: 24 (2024: 21)

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 December 2024	1

As at 30 November 2025	1

Amortisation
As at 1 December 2024	1

As at 30 November 2025	1

Net Book Value
As at 30 November 2025	-

As at 1 December 2024	-

The company acquired the pub and restaurant part of the Red Lion Partnership on 29 October 2015.

The price paid for the goodwil was £1. The acquired goodwill is written off in equal annual instalments

over its estimated useful economic life of 5 years.

5. Tangible Assets

	Land & Property
	Freehold	Fixtures & Fittings	Total
	£	£	£
Cost
As at 1 December 2024	438,577	211,923	650,500
Additions	-	6,935	6,935

As at 30 November 2025	438,577	218,858	657,435

Depreciation
As at 1 December 2024	-	140,485	140,485
Provided during the period	-	11,756	11,756

As at 30 November 2025	-	152,241	152,241

Net Book Value
As at 30 November 2025	438,577	66,617	505,194

As at 1 December 2024	438,577	71,438	510,015

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Amwell Pride Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 November 2025

Cost or valuation as at 30 November 2025 represented by:

	Land & Property
	Freehold	Fixtures & Fittings	Total
	£	£	£
At cost	438,577	218,858	657,435

	438,577	218,858	657,435

Tangible assets held at valuation

The freehold property was revalued by the company's director, Mr G Manning to have a market value

on 30th November 2017 of £438,577. This was reviewed on 30th November 2022 and determined this was still the fair market value. The value previous in 2016 was £381,371.

6. Stocks

	2025	2024
	£	£
Finished goods	5,000	5,000

7. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	47,970	58,442
Other debtors	354,632	334,455

	402,602	392,897

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	45,122	31,783
Bank loans and overdrafts	19,427	21,878
Other creditors	35,581	36,589
Taxation and social security	38,877	50,348

	139,007	140,598

9. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	-	9,999

10. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	1,053	1,053

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Amwell Pride Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 November 2025

11. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 1 December 2024	Amounts advanced	Amounts repaid	Amounts written off	As at 30 November 2025
	£	£	£	£	£
Mr Guy Manning	29,250	34,385	(38,486 )	-	25,149

The above loan is unsecured, interest free and repayable on demand.

12. Reserves

	Share Premium	Revaluation reserve	Income Statement
	£	£	£
As at 1 December 2024	399,360	46,909	293,531
Profit for the year and total comprehensive income	-	-	57,046

Dividends paid	-	-	(37,550)

As at 30 November 2025	399,360	46,909	313,027

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		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	5		505,194		510,015

			505,194		510,015
CURRENT ASSETS
Stocks	6	5,000		5,000
Debtors	7	402,602		392,897
Cash at bank and in hand		966		384

		408,568		398,281
Creditors: Amounts Falling Due Within One Year	8	(139,007 )		(140,598 )

NET CURRENT ASSETS (LIABILITIES)			269,561		257,683

TOTAL ASSETS LESS CURRENT LIABILITIES			774,755		767,698

Creditors: Amounts Falling Due After More Than One Year	9		-		(9,999 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(14,406 )		(16,846 )

NET ASSETS			760,349		740,853

CAPITAL AND RESERVES
Called up share capital	10		1,053		1,053
Share premium account			399,360		399,360
Revaluation reserve	12		46,909		46,909
Income Statement			313,027		293,531

SHAREHOLDERS' FUNDS			760,349		740,853