REGISTERED NUMBER: 10989129 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28TH FEBRUARY 2026

FOR

WHITBY DISTILLERY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

L W Pentith

Miss J L Slater

REGISTERED OFFICE:

8 Botany Way

Whitby

North Yorkshire

YO22 4QX

REGISTERED NUMBER:

10989129 (England and Wales)

ACCOUNTANTS:

CGA

Chartered Certified Accountants

3 & 4 Park Court

Riccall Road

Escrick

York

North Yorkshire

YO19 6ED

FIXED ASSETS

Intangible assets

4

28,702

-

Tangible assets

5

787,544

147,858

816,246

147,858

CURRENT ASSETS

Stocks

166,124

148,908

Debtors

6

44,255

227,793

Cash at bank

766,001

1,377,151

976,380

1,753,852

CREDITORS

Amounts falling due within one year

7

242,103

373,818

NET CURRENT ASSETS

734,277

1,380,034

TOTAL ASSETS LESS CURRENT LIABILITIES

1,550,523

1,527,892

CREDITORS

Amounts falling due after more than one year

8

(4,194

)

(265,680

)

PROVISIONS FOR LIABILITIES

(30,867

)

(24,094

)

NET ASSETS

1,515,462

1,238,118

CAPITAL AND RESERVES

Called up share capital

107

107

Share premium

593,497

593,497

Retained earnings

921,858

644,514

SHAREHOLDERS' FUNDS

1,515,462

1,238,118

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28th February 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 28th February 2026 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 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 Board of Directors and authorised for issue on 4th September 2026 and were signed on its behalf by:

L W Pentith - Director

Miss J L Slater - Director

1.	STATUTORY INFORMATION

Whitby Distillery Limited 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 and represents amounts receivable for goods supplied and services rendered stated net of discounts and of Value Added Tax.

Income is recognised when the have been delivered to customers such that the risks and rewards of ownership have transferred to them.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2025, is being amortised evenly over its estimated useful life of six years.

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.

Tangible fixed assets

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

Improvements to property

-

Over term of lease

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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.

Grants

Grants received in relation to capital purchases are amortised in line with the depreciation rate applicable to the asset in which the grant relates.

Assets under construction

Assets under construction are stated at cost, comprising all directly attributable costs incurred in bringing the asset to its intended working condition. Assets under construction are not depreciated until they are completed and available for use. On completion, the assets are transferred to the appropriate category of tangible fixed assets and depreciated in accordance with the company's accounting policy.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2025 - 9 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

Additions

29,950

At 28th February 2026

29,950

AMORTISATION

Charge for year

1,248

At 28th February 2026

1,248

NET BOOK VALUE

At 28th February 2026

28,702

5.	TANGIBLE FIXED ASSETS

Assets

Improvements

under

to

Plant and

construction

property

machinery

£

£

£

COST

At 1st March 2025

-

35,888

198,150

Additions

640,659

22,981

2,618

Disposals

-

-

(750

)

At 28th February 2026

640,659

58,869

200,018

DEPRECIATION

At 1st March 2025

-

11,622

121,486

Charge for year

-

4,479

15,664

Eliminated on disposal

-

-

(563

)

At 28th February 2026

-

16,101

136,587

NET BOOK VALUE

At 28th February 2026

640,659

42,768

63,431

At 28th February 2025

-

24,266

76,664

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1st March 2025

2,254

76,029

7,597

319,918

Additions

3,180

607

2,408

672,453

Disposals

-

-

-

(750

)

At 28th February 2026

5,434

76,636

10,005

991,621

DEPRECIATION

At 1st March 2025

1,149

33,170

4,633

172,060

Charge for year

607

10,816

1,014

32,580

Eliminated on disposal

-

-

-

(563

)

At 28th February 2026

1,756

43,986

5,647

204,077

NET BOOK VALUE

At 28th February 2026

3,678

32,650

4,358

787,544

At 28th February 2025

1,105

42,859

2,964

147,858

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

31,462

29,126

Other debtors

12,793

198,667

44,255

227,793

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts

-

100,000

Trade creditors

103,226

40,793

Taxation and social security

133,615

131,433

Other creditors

5,262

101,592

242,103

373,818

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans

-

260,437

Other creditors

4,194

5,243

4,194

265,680

9.	LEASING AGREEMENTS

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

2026

2025

£

£

Within one year

24,612

16,430

Between one and five years

56,000

27,042

80,612

43,472

10.	SECURED DEBTS

The following securities were in place with Clydesdale Bank Plc - SATISFIED 24/10/2025.

Charge created 16/09/2022

Charge code 1098 9129 0001 - Contains a specific equitable charge over all estates or interest in any freehold and leasehold properties and/or the proceeds of sale thereof and fixed and floating charges over undertaking and all property and assets, present and future, including plant & machinery and any other equipment, patents, registered and unregistered and any other intellectual property rights.

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year under review, the Directors received loans from the company which are interest free and repayable on demand.

The company made advances totalling £84,645 (2025 - £72,575) and this was offset by credits totalling £6,423 (2025 - £79,667).

At the balance sheet date, the amount owed to the company was £75 (2025 - £78,147 owed to the Directors) and is included within other debtors within 12 months (2025: other creditors within 12 months).