REGISTERED NUMBER: 14188741 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

SPEARHEAD SPIRITS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

C J Frederick

D Timeyin

REGISTERED OFFICE:

7a Abbey Business Park

Monks Walk

Farnham

Surrey

GU9 8HT

REGISTERED NUMBER:

14188741 (England and Wales)

FIXED ASSETS

Tangible assets

4

5,800

6,602

CURRENT ASSETS

Debtors

5

51,387

47,673

Cash at bank

439

7,021

51,826

54,694

CREDITORS

Amounts falling due within one year

6

944,941

712,513

NET CURRENT LIABILITIES

(893,115

)

(657,819

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(887,315

)

(651,217

)

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

(887,316

)

(651,218

)

SHAREHOLDERS' FUNDS

(887,315

)

(651,217

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 September 2026 and were signed on its behalf by:

C J Frederick - Director

1.	STATUTORY INFORMATION

Spearhead Spirits 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

The financial statements have been prepared in accordance with the provisions of Section 1A ''Smaller Entities'' of Financial Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements have been prepared on a going concern basis, which the directors consider to be appropriate, as the parent company will provide the necessary finance to enable the company to meet its liabilities as they fall due.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

Turnover represents marketing and advertising services relating to the sale of alcohol, excluding value added tax, sold during the year.

Turnover is recognised when the goods are despatched and adjustments are made for accrued and deferred income.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation less accumulated depreciation. Cost includes costs directly attributable to making the asset capable of operating as intended by management.

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

Computer equipment

-

33.33% on cost

Storage unit

-

10% on cost

Financial instruments

The company enters into basic financial instruments, which result in the recognition of financial assets and liabilities. Financial instruments are recognised at amortised cost. At the end of each reporting period financial instruments are assessed for evidence of impairment, and changes are recognised in profit or loss.

Taxation

Taxation for the year comprises current 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 tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods.

Consideration is given to whether deferred tax should be provided in respect of material timing differences which have not reversed at the balance sheet date. Deferred tax assets are only recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or future taxable profits.

Current tax assets and liabilities are not discounted and are 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Storage

Computer

unit

equipment

Totals

£

£

£

COST

At 1 January 2025

6,400

1,268

7,668

Additions

-

350

350

At 31 December 2025

6,400

1,618

8,018

DEPRECIATION

At 1 January 2025

427

639

1,066

Charge for year

640

512

1,152

At 31 December 2025

1,067

1,151

2,218

NET BOOK VALUE

At 31 December 2025

5,333

467

5,800

At 31 December 2024

5,973

629

6,602

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

-

14,601

Amounts owed by group undertakings

48,609

33,072

Other debtors

2,778

-

51,387

47,673

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

13,600

8,563

Amounts owed to group undertakings

889,022

675,445

Social security and other taxes

7,016

9,366

Other creditors

35,283

19,139

Directors' loan accounts

20

-

944,941

712,513

7.	RELATED PARTY DISCLOSURES

The following balances were due to related parties at the end of the reporting period:

Spearhead Spirits Inc.

-

£881,522 (2024 - £675,445)

Flying Zebra

-

£7,500 (2024 - £Nil)

The following balances were due from related parties at the end of the reporting period:

Spearhead Spirits SA

-

£45,685 (2024 - £30,533)

Spearhead Spirits US - trading

-

£2,924 (2024 - £2,539)

8.	DEFERRED TAX ASSET

No deferred tax asset has been recognised in these financial statements in respect of tax losses. This is due to the uncertainty as to when the asset will be recovered, which will depend upon the company's future taxable profits. There are tax losses carried forward of approximately £880,000 (2024 - £640,000), which if provided for would result in a deferred tax asset of approximately £220,000 (2024 - £160,000).