Company No: 16018657 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	31.12.2025
		£
Fixed assets
Tangible assets	3	2,164,838
		2,164,838
Current assets
Debtors	4	115,487
Cash at bank and in hand		116,484
		231,971
Creditors: amounts falling due within one year	5	( 15,500)
Net current assets		216,471
Total assets less current liabilities		2,381,309
Creditors: amounts falling due after more than one year	6	( 2,405,778)
Net liabilities		( 24,469)
Capital and reserves
Called-up share capital	7	1
Profit and loss account		( 24,470 )
Total shareholder's deficit		( 24,469)

For the financial period ending 31 December 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial period in accordance with section 476;
• The directors acknowledge 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 The Bodmin Jail Distillery Limited (registered number: 16018657) were approved and authorised for issue by the Board of Directors on 24 September 2026. They were signed on its behalf by:

Mr M Gorman Director

1. Accounting policies

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

General information and basis of accounting

The Bodmin Jail 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 Redcliffe Hotel, 4 Marine Drive, Paignton, TQ3 2NL, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and 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 £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors note that the business has net liabilities of £24,469. The Company is supported through loans from Stargroup Investment Holdings Inc. The directors have received assurances that the loan facilities will continue to be available for at least 12 months from the date of signing these financial statements and Stargroup Investment Holdings Inc. will continue to support the Company. After making enquiries, the directors believe that any foreseeable debts can be met for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

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.

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 over its expected useful life, as follows:

Land and buildings	not depreciated
Assets under construction	not depreciated
Plant and machinery	not depreciated

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Currently as assets are under contruction or not yet been brought into operational use, the decision has been made for these assets not to be depreciated. Once operational the assets will be depreciated and a change in accounting policy recognised.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

	Period from 15.10.2024 to 31.12.2025
	Number
Monthly average number of persons employed by the Company during the period, including directors	1

3. Tangible assets

	Land and buildings		Assets under construc- tion		Plant and machinery		Total
	£		£		£		£
Cost
At 15 October 2024	0		0		0		0
Additions	1,823,445		81,985		259,408		2,164,838
At 31 December 2025	1,823,445		81,985		259,408		2,164,838
Accumulated depreciation
At 15 October 2024	0		0		0		0
At 31 December 2025	0		0		0		0
Net book value
At 31 December 2025	1,823,445		81,985		259,408		2,164,838

4. Debtors

	31.12.2025
	£
Other debtors	115,487

5. Creditors: amounts falling due within one year

	31.12.2025
	£
Amounts owed to Group undertakings	12,000
Other creditors	3,500
	15,500

6. Creditors: amounts falling due after more than one year

	31.12.2025
	£
Other creditors	2,405,778

There are no amounts included above in respect of which any security has been given by the small entity.

7. Called-up share capital

	31.12.2025
	£
Allotted, called-up and not yet paid
1 Ordinary share of £ 1.00	1