IRIS Accounts Production v26.2.0.496 00770403 Board of Directors Board of Directors 1.1.25 31.12.25 31.12.25 0 0 false true false false false true false iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 00770403 2024-12-31 00770403 2025-12-31 00770403 2025-01-01 2025-12-31 00770403 2023-12-31 00770403 2024-01-01 2024-12-31 00770403 2024-12-31 00770403 ns15:EnglandWales 2025-01-01 2025-12-31 00770403 ns14:PoundSterling 2025-01-01 2025-12-31 00770403 ns10:Director1 2025-01-01 2025-12-31 00770403 ns10:Director2 2025-01-01 2025-12-31 00770403 ns10:CompanyLimitedByGuarantee 2025-01-01 2025-12-31 00770403 ns10:SmallEntities 2025-01-01 2025-12-31 00770403 ns10:AuditExempt-NoAccountantsReport 2025-01-01 2025-12-31 00770403 ns10:SmallCompaniesRegimeForDirectorsReport 2025-01-01 2025-12-31 00770403 ns10:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 00770403 ns10:FullAccounts 2025-01-01 2025-12-31 00770403 1 2025-01-01 2025-12-31 00770403 ns10:Director3 2025-01-01 2025-12-31 00770403 ns10:Director4 2025-01-01 2025-12-31 00770403 ns10:Director5 2025-01-01 2025-12-31 00770403 ns10:Director6 2025-01-01 2025-12-31 00770403 ns10:Director8 2025-01-01 2025-12-31 00770403 ns10:Director9 2025-01-01 2025-12-31 00770403 ns10:CompanySecretary1 2025-01-01 2025-12-31 00770403 ns10:RegisteredOffice 2025-01-01 2025-12-31 00770403 ns5:CurrentFinancialInstruments 2025-12-31 00770403 ns5:CurrentFinancialInstruments 2024-12-31 00770403 ns5:RetainedEarningsAccumulatedLosses 2025-12-31 00770403 ns5:RetainedEarningsAccumulatedLosses 2024-12-31 00770403 ns5:IntangibleAssetsOtherThanGoodwill 2025-01-01 2025-12-31 00770403 ns5:DevelopmentCostsCapitalisedDevelopmentExpenditure 2025-01-01 2025-12-31 00770403 ns5:IntangibleAssetsOtherThanGoodwill 2025-12-31 00770403 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-12-31 00770403 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-12-31 00770403 ns5:WithinOneYear 2025-12-31 00770403 ns5:WithinOneYear 2024-12-31 00770403 ns5:BetweenOneFiveYears 2025-12-31 00770403 ns5:BetweenOneFiveYears 2024-12-31 00770403 ns5:AllPeriods 2025-12-31 00770403 ns5:AllPeriods 2024-12-31

REGISTERED NUMBER: 00770403 (England and Wales)

| UNAUDITED FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 31ST DECEMBER 2025 |

| FOR |

| THE INTERNATIONAL WINE & FOOD SOCIETY |

| LIMITED |

| THE INTERNATIONAL WINE & FOOD SOCIETY |

| LIMITED (REGISTERED NUMBER: 00770403) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 3 |

| THE INTERNATIONAL WINE & FOOD SOCIETY |

| LIMITED |

COMPANY INFORMATION

FOR THE YEAR ENDED 31ST DECEMBER 2025

| DIRECTORS: | M W Donohoe (USA)

| D Catherwood (Treasurer) (USA)

| S D Hipple (USA)

| A J Jones (Cayman Islands)

| P N Lee (Singapore)

| J S Nicholas (Chairman) (United Kingdom)

| M Tamburri (Australia)

| S J A Harrison (United Kingdom)

| SECRETARY: | M Messent (United Kingdom)

| REGISTERED OFFICE: | The Naval & Military Club

| 4 St James's Square

| London

| SW1Y 4JU

| REGISTERED NUMBER: | 00770403 (England and Wales)

| ACCOUNTANTS: | Richardson Jones

| Chartered Accountants

| Mercury House

| 19-21 Chapel Street

| Marlow

| Buckinghamshire

| SL7 3HN

| THE INTERNATIONAL WINE & FOOD SOCIETY |

| LIMITED (REGISTERED NUMBER: 00770403) |

BALANCE SHEET

31ST DECEMBER 2025

31.12.25 | 31.12.24 |

| Notes | £ | £ | £ | £

FIXED ASSETS

Intangible assets | 4 | 13,184 |  | - |  |

CURRENT ASSETS

Debtors | 5 | 95,787 |  | 85,691 |  |

Cash at bank | 6 | 298,784 |  | 87,638 |  |

394,571 |  | 173,329 |  |

CREDITORS

Amounts falling due within one year | 7 | 278,571 |  | 57,663 |  |

NET CURRENT ASSETS | 116,000 |  | 115,666 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 129,184 |  | 115,666 |  |

RESERVES

Income and expenditure account | 9 | 129,184 |  | 115,666 |  |

129,184 |  | 115,666 |  |

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 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 surplus or deficit 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 25th August 2026 and were signed on its behalf by:

J S Nicholas (Chairman) (United Kingdom) - Director

D Catherwood (Treasurer) (USA) - Director

| THE INTERNATIONAL WINE & FOOD SOCIETY |

| LIMITED (REGISTERED NUMBER: 00770403) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2025

1. | STATUTORY INFORMATION

| The International Wine & Food Society Limited is a private company, limited by guarantee , 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.

| The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

| Income and expenditure

| Income and expenses are included in the financial statements as they become receivable or due.

| Expenses include VAT where applicable as the company cannot reclaim it.

| Tangible fixed assets

| Items acquired with a useful life of more than one year and material to the overall financial position of the company are included in tangible fixed assets at cost and depreciated over its expected useful life. Adjustments are made to the expected useful life as appropriate, provided that the item has a realisable value.

| Operating income

| Operating income represents the expense allocation contributions, royalties and the total invoice value of goods sold and services rendered during the year, less the cost of goods sold.

| 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.

| Development costs are being amortised evenly over their estimated useful life of five years.

| Foreign exchange

| Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of transaction. All differences are taken to the income and expenditure account.

| Leases

| Rentals payable under operating leases, including any lease incentives received, are charged to the income statement on a straight line basis over the term of the relevant lease.

| Expense allocation contributions

| The Area Companies have agreed under the terms of the R&LA to fund the basic administrative expenses incurred by the company. The Area Companies have also agreed to fund any other expenses (referred to as "extraordinary expense") incurred by the company with their consent. The total amount of the basic administrative and extraordinary expense (less income from royalties and merchandise) is divided amongst the Area Companies pro rata to their membership numbers as at the prior financial year end and each Area Company is severally liable to reimburse its share of such expenses to the company.

| Stocks

| Due to the small quantities of merchandise held at any time the value of stock held at the year end is not included in these financial statements.

| Cash and cash equivalents

| Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with orginal maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

| THE INTERNATIONAL WINE & FOOD SOCIETY |

| LIMITED (REGISTERED NUMBER: 00770403) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST DECEMBER 2025

2. | ACCOUNTING POLICIES - continued

| Members liability

| In the event of the Society being wound up each and every member has guaranteed to contribute to its assets an amount not exceeding 50 pence (£0.50).

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was NIL (2024 - NIL).

4. | INTANGIBLE FIXED ASSETS

Other |

intangible |

assets |

| £

| COST

| Additions | 14,649 |  |

| At 31st December 2025 | 14,649 |  |

| AMORTISATION

| Charge for year | 1,465 |  |

| At 31st December 2025 | 1,465 |  |

| NET BOOK VALUE

| At 31st December 2025 | 13,184 |  |

5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

31.12.25 | 31.12.24 |

| £ | £

| Service charges due | 1,631 |  | 1,114 |  |

| Amts owed by IWFS Americas Inc | 62,135 |  | 49,278 |  |

| Prepayments | 32,021 |  | 35,299 |  |

95,787 |  | 85,691 |  |

6. | CASH AT BANK

|  | 31.12.25 |  |  | 31.12.24 |  |

|  | £ |  |  | £ |  |

| Company's own funds |  | 34,161 |  |  | 45,631 |  |

| Funds held on behalf of IWFS Americas Inc |  | 264,624 |  |  | 42,007 |  |

|  | 298,786 |  |  | 87,638 |  |

| During 2022, IWFS Americas Inc held a festival in France. Pursuant to an agreement between the company and IWFS Americas Inc, surplus funds from the festival were transferred to the company's euro bank account and are being held on behalf of IWFS Americas Inc for use on future European events.

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

31.12.25 | 31.12.24 |

| £ | £

| Trade creditors | 8,558 |  | 9,301 |  |

| Corporation tax payable | 83 |  | 143 |  |

| Amts owed to IWFS Americas Inc | 264,624 |  | 42,007 |  |

| Accrued expenses | 5,306 |  | 6,212 |  |

278,571 |  | 57,663 |  |

| THE INTERNATIONAL WINE & FOOD SOCIETY |

| LIMITED (REGISTERED NUMBER: 00770403) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST DECEMBER 2025

8. | LEASING AGREEMENTS

| Minimum lease payments under non-cancellable operating leases fall due as follows:

31.12.25 | 31.12.24 |

| £ | £

| Within one year | 8,400 |  | 2,310 |  |

| Between one and five years | 16,800 |  | - |  |

25,200 |  | 2,310 |  |

| Operating lease payments represent office rent of £8,400 per annum payable by the company. The current commitment is due for renewal on 1 May 2028.

9. | RESERVES

|  | 31.12.25 |  |  | 31.12.24 |  |

|  | £ |  |  | £ |  |

| Balance at 1 January |  | 115,666 |  |  | 107,755 |  |

| Surplus/(deficit) for the year |  | 13,518 |  |  | 7,911 |  |

| Balance at 31 December |  | 129,184 |  |  | 115,666 |  |

10. | RELATED PARTY TRANSACTIONS

| The directors receive no remuneration and all personal expenses incurred by the directors in the exercise of their responsibilities are paid by them.

| Included in Other creditors is an amount of £264,625 that represents funds held on behalf of IWFS Americas Inc that is payable on demand.