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Company No: 05997034 (England and Wales)

# WINCHESTER DISTILLERY LIMITED

### UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 30 NOVEMBER 2025
PAGES FOR FILING WITH THE REGISTRAR

WINCHESTER DISTILLERY LIMITED

## UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 NOVEMBER 2025

Contents

WINCHESTER DISTILLERY LIMITED

## BALANCE SHEET

AS AT 30 NOVEMBER 2025
WINCHESTER DISTILLERY LIMITED

## BALANCE SHEET (continued)

AS AT 30 NOVEMBER 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Tangible assets | 4 | 20,894 |  | 40,542
|  | 20,894 |  | 40,542
Current assets |  |  |  |
Stocks |  | 175,832 |  | 217,402
Debtors | 5 | 23,258 |  | 41,774
Cash at bank and in hand |  | 29,640 |  | 45,241
|  | 228,730 |  | 304,417
Creditors: amounts falling due within one year | 6 | ( 33,052) |  | ( 38,461)
Net current assets |  | 195,678 |  | 265,956
Total assets less current liabilities |  | 216,572 |  | 306,498
Creditors: amounts falling due after more than one year | 7 | 0 |  | ( 5,000)
Provision for liabilities |  | ( 3,500) |  | ( 3,500)
Net assets |  | 213,072 |  | 297,998
Capital and reserves |  |  |  |
Called-up share capital | 8 | 113 |  | 113
Share premium account |  | 582,736 |  | 582,736
Profit and loss account |  | ( 369,777 ) |  | ( 284,851 )
Total shareholders' funds |  | 213,072 |  | 297,998

For the financial year ending 30 November 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Winchester Distillery Limited (registered number: 05997034) were approved and authorised for issue by the Director on 25 August 2026. They were signed on its behalf by:

Stephen Paul Bowler Director |

WINCHESTER DISTILLERY LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 NOVEMBER 2025
WINCHESTER DISTILLERY LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 NOVEMBER 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

Winchester Distillery Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Fleming Court Leigh Road, Eastleigh, Southampton, SO50 9PD, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.
Exchange differences are recognised in the Profit and Loss Account in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

##### Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

##### Taxation

Current tax
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.

##### Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Trademarks, patents and licences | 5 - 0 years straight line
Website costs | 5 - 0 years straight line

##### Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Leasehold improvements | depreciated over the life of the lease
Plant and machinery | 5 years straight line
Fixtures and fittings | 5 years straight line
Computer equipment | 3 years straight line

Depreciation methods, useful lives and residual values are reviewed at each balance sheet date. The selection of these residual values and estimated lives requires the exercise of judgement. The directors are required to assess whether there is an indication of impairment to the carrying value of assets. In making that assessment, judgements are made in estimating value in use. The directors consider that the individual carrying values of assets are supportable by their value in use.
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

##### Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Profit and Loss Account over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.
Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

##### Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.
At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

##### Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.
The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including the director | 1 |  | 1

#### 3. Intangible assets

| Trademarks, patents and licences |  | Website costs |  | Total
| £ |  | £ |  | £
Cost |  |  |  |  |
At 01 December 2024 | 3,355 |  | 2,890 |  | 6,245
At 30 November 2025 | 3,355 |  | 2,890 |  | 6,245
Accumulated amortisation |  |  |  |  |
At 01 December 2024 | 3,355 |  | 2,890 |  | 6,245
At 30 November 2025 | 3,355 |  | 2,890 |  | 6,245
Net book value |  |  |  |  |
At 30 November 2025 | 0 |  | 0 |  | 0
At 30 November 2024 | 0 |  | 0 |  | 0

#### 4. Tangible assets

| Leasehold improve- ments |  | Plant and machinery |  | Fixtures and fittings |  | Computer equipment |  | Total
| £ |  | £ |  | £ |  | £ |  | £
Cost |  |  |  |  |  |  |  |  |
At 01 December 2024 | 34,828 |  | 133,432 |  | 20,778 |  | 3,973 |  | 193,011
At 30 November 2025 | 34,828 |  | 133,432 |  | 20,778 |  | 3,973 |  | 193,011
Accumulated depreciation |  |  |  |  |  |  |  |  |
At 01 December 2024 | 24,689 |  | 105,777 |  | 19,489 |  | 2,514 |  | 152,469
Charge for the financial year | 5,398 |  | 13,038 |  | 629 |  | 583 |  | 19,648
At 30 November 2025 | 30,087 |  | 118,815 |  | 20,118 |  | 3,097 |  | 172,117
Net book value |  |  |  |  |  |  |  |  |
At 30 November 2025 | 4,741 |  | 14,617 |  | 660 |  | 876 |  | 20,894
At 30 November 2024 | 10,139 |  | 27,655 |  | 1,289 |  | 1,459 |  | 40,542

#### 5. Debtors

| 2025 |  | 2024
| £ |  | £
Trade debtors | 13,946 |  | 29,509
Other debtors | 9,312 |  | 12,265
| 23,258 |  | 41,774

#### 6. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Bank loans | 5,000 |  | 10,000
Trade creditors | 13,098 |  | 7,459
Other taxation and social security | 9,059 |  | 14,706
Other creditors | 5,895 |  | 6,296
| 33,052 |  | 38,461

#### 7. Creditors: amounts falling due after more than one year

| 2025 |  | 2024
| £ |  | £
Bank loans | 0 |  | 5,000

The bank loans are guaranteed by the Government (being part of the Business Bounce Back Loan Scheme (BBLS) in response to the coronavirus outbreak).

#### 8. Called-up share capital

| 2025 |  | 2024
| £ |  | £
Allotted, called-up and fully-paid |  |  |
10,922,478 A ordinary shares of £ 0.00001 each | 109.22 |  | 109.22
449,073 B ordinary shares of £ 0.00001 each | 4.49 |  | 4.49
| 113.71 |  | 113.71

#### 9. Financial commitments

Other financial commitments

| 2025 |  | 2024
| £ |  | £
Operating lease commitments | 14,887 |  | 29,775

Total future financial commitments, guarantees and contingencies which are not included in the balance sheet amount to £14,887 (2024: £29,775).
This amount is in relation to operating lease commitments which are payable over the next year (2024: 2years).