REGISTERED NUMBER: 06756983 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2025

FOR

Veblen Wines Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

L Morel

REGISTERED OFFICE:

21 Highnam Business Centre

Highnam

Gloucester

GL2 8DN

REGISTERED NUMBER:

06756983 (England and Wales)

ACCOUNTANTS:

Knights Accountants and Tax Advisors

21 Highnam Business Centre

Highnam

Gloucester

GL2 8DN

FIXED ASSETS

Tangible assets

4

1,896

1,180

Investments

5

21,400

21,400

23,296

22,580

CURRENT ASSETS

Stocks

87,952

103,891

Debtors

6

330,225

393,538

Investments

7

225,000

225,000

Cash at bank and in hand

93,115

121,915

736,292

844,344

CREDITORS

Amounts falling due within one year

8

20,643

52,543

NET CURRENT ASSETS

715,649

791,801

TOTAL ASSETS LESS CURRENT LIABILITIES

738,945

814,381

PROVISIONS FOR LIABILITIES

9

608,250

637,758

NET ASSETS

130,695

176,623

CAPITAL AND RESERVES

Called up share capital

1,012

1,012

Retained earnings

129,683

175,611

SHAREHOLDERS' FUNDS

130,695

176,623

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 29 August 2026 and were signed by:

L Morel - Director

1.	STATUTORY INFORMATION

Veblen Wines Ltd 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.

Tangible fixed assets

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

Plant and machinery etc

-

33% on cost and 25% on cost

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.

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 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 December 2024

68,088

Additions

1,345

At 30 November 2025

69,433

DEPRECIATION

At 1 December 2024

66,908

Charge for year

629

At 30 November 2025

67,537

NET BOOK VALUE

At 30 November 2025

1,896

At 30 November 2024

1,180

5.	FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:

2025

2024

£

£

Guitars

18,400

18,400

Sculptures

3,000

3,000

21,400

21,400

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

1,106

85,655

Other debtors

329,119

307,883

330,225

393,538

7.	CURRENT ASSET INVESTMENTS

2025

2024

£

£

Listed investments

225,000

225,000

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

94

239

Taxation and social security

10,708

9,106

Other creditors

9,841

43,198

20,643

52,543

9.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Other provisions

608,250

637,758

10.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 November 2025 and 30 November 2024:

2025

2024

£

£

L Morel

Balance outstanding at start of year

170,240

161,212

Amounts advanced

224

9,028

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

170,464

170,240

Included within the year end other debtors balance is an amount owed by the company director (Mr L Morel) of £170,464 (2024: £170,240). The outstanding balance is not subject to interest and is repayable on demand.