Halfwine Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: 07168578

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS

CURRENT ASSETS
Stocks	4	15,889		16,798
Debtors	5	178		837
Cash at bank and in hand		15,369		11,020

		31,436		28,655
Creditors: Amounts Falling Due Within One Year	6	(91,242 )		(77,531 )

NET CURRENT ASSETS (LIABILITIES)			(59,806 )		(48,876 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(59,806 )		(48,876 )

NET LIABILITIES			(59,806 )		(48,876 )

CAPITAL AND RESERVES
Called up share capital	7		40,000		40,000
Share premium account			20,000		20,000
Profit and Loss Account			(119,806 )		(108,876 )

SHAREHOLDERS' FUNDS			(59,806)		(48,876)

Page 1

Page 2

Halfwine Limited

Balance Sheet (continued)

As At 31 December 2025

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

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

The director acknowledges his 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Kevin Dilton-Hill

Director

01/04/2026

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Halfwine Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07168578 . The registered office is 4 Prince William Close, Worthing, West Sussex, BN14 0AZ.

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. 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:

Computer Equipment

33% on cost

2.4. 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.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2024: 1)

4. Stocks

	2025	2024
	£	£
Stock	15,889	16,798

5. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	178	813
Other debtors	-	24

	178	837

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Page 4

Halfwine Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	17,243	19,542
Bank loans and overdrafts	3,053	-
Other creditors	69,799	56,990
Taxation and social security	1,147	999

	91,242	77,531

7. Share Capital

	2025	2024
Allotted, called up and fully paid	£	£
30,000 Ordinary Shares of £ 1.00 each	30,000	30,000
10,000 Ordinary A shares of £ 1.00 each	10,000	10,000

	40,000	40,000

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