Registration number: 10527628

Pinglestone Estate Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Financial Statements	3 to 8

Pinglestone Estate Limited

Company Information

Chairman

Paul-Francois Vranken

Directors

Clement Pierlot Julien Lonneux

Registered office

128 Buckingham Palace Road London SW1W 9SA

Auditors

Carbon Accountancy Limited Chartered Accountants and Registered Auditors 80-83 Long Lane London EC1A 9ET

Pinglestone Estate Limited

(Registration number: 10527628)
Balance Sheet as at 31 December 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	5,202,880	5,063,458
Current assets
Stocks	5	3,546,046	2,792,346
Debtors	6	603,847	570,733
Cash at bank and in hand		25,850	41,152
		4,175,743	3,404,231
Creditors: Amounts falling due within one year	7	(5,817,956)	(4,926,077)
Net current liabilities		(1,642,213)	(1,521,846)
Net assets		3,560,667	3,541,612
Capital and reserves
Called up share capital	8	3,515,955	3,515,955
Share premium reserve		14,045	14,045
Retained earnings		30,667	11,612
Shareholders' funds		3,560,667	3,541,612

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 30 September 2026 and signed on its behalf by:
 

......................................... Clement Pierlot Director

Pinglestone Estate Limited

Notes to the Financial Statements for the Year Ended 31 December 2025

1	General information

The company is a private company limited by share capital, incorporated in England .

The address of its registered office is:
128 Buckingham Palace Road
London
SW1W 9SA

These financial statements were authorised for issue by the Board on 30 September 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The company continues to invest in production of stocks which take a significant time to mature into saleable condition and as a result the company has a net working capital deficiency at the balance sheet date. The company has received confirmation from its parent company, that loan monies advanced to it will not be withdrawn at the detriment of other creditors and that further working capital funding will be provided as required.

The directors accordingly conclude it appropriate to continue to adopt the going concern basis in preparing the financial statements.

Prior year adjustment

Construction of the company's new winery in progress since 2024 is more appropriately classified as assets under construction rather than prepayments with the comaprative figures restated accordingly.

Revenue recognition

Turnover for trade sales is recognised at the point of dispatch and retail sales at the point of customer purchase.

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Government grants

Government grants are recognised in the profit and loss account over the same period as the costs for which the grants are intended to compensate.

Page 3

Pinglestone Estate Limited

Notes to the Financial Statements for the Year Ended 31 December 2025 (continued)

2	Accounting policies (continued)

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Freehold land	Not depreciated
Plant and equipment	10% on straight line basis
Vineyard trellis and fencing	5% on straight line basis
Vineyards	2.5% on straight line basis
Computer equipment	33% on straight line basis

The company owns biological assets in the form of grape vines which are cultivated on land owned and/or leased by the company. The cost of bringing the vines to maturity for the first 3 years of the vines’ life are capitalised. These costs include attributable overheads as well as capital items that would otherwise have the same economic life as the biological assets, which have been included within vineyards.

Biological assets have an expected useful life of 40 years with depreciation commencing after all the attributable costs from year 1 to 3 have been capitalised.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Pinglestone Estate Limited

Notes to the Financial Statements for the Year Ended 31 December 2025 (continued)

2	Accounting policies (continued)

Stocks

Stocks of consumables and packing materials, are consistently valued at the lower of cost and net realisable value.

Work in progress comprises sparkling wine in various stages of production. The initial valuation allocates the actual costs incurred in bringing the harvest to tank with additional costs incurred in bringing the wine through the further stages of production added on an actual cost basis, as incurred.

At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in the profit and loss account.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2024 - 4).

Pinglestone Estate Limited

Notes to the Financial Statements for the Year Ended 31 December 2025 (continued)

4	Tangible assets

	Freehold land £	Vineyards  £	Vineyard plant and equipment £	Total £
Cost or valuation
At 1 January 2025	2,182,479	2,193,819	1,150,590	5,526,888
Additions	-	185,495	70,812	256,307
At 31 December 2025	2,182,479	2,379,314	1,221,402	5,783,195
Depreciation
At 1 January 2025	-	99,680	363,750	463,430
Charge for the year	-	37,027	79,858	116,885
At 31 December 2025	-	136,707	443,608	580,315
Carrying amount
At 31 December 2025	2,182,479	2,242,607	777,794	5,202,880
At 31 December 2024	2,182,479	2,093,846	787,133	5,063,458

5

Stocks

	2025 £	2024 £
Raw materials and consumables	84,118	113,582
Work in progress	3,461,928	2,678,764
	3,546,046	2,792,346

6

Debtors

	2025 £	2024 £
Trade debtors	37,588	121,551
Other debtors	566,259	449,182
	603,847	570,733

Pinglestone Estate Limited

Notes to the Financial Statements for the Year Ended 31 December 2025 (continued)

7

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Trade creditors		110,380	17,385
Amounts owed to group undertakings and undertakings in which the company has a participating interest	9	5,669,145	4,893,408
Accruals and deferred income		33,621	14,343
Other creditors		4,810	941
		5,817,956	4,926,077

8	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary shares of £1 each	3,515,955	3,515,955	3,515,955	3,515,955

9	Related party transactions

During the period the company had the following transactions with Compagnie Vranken SAS group companies:

Sales of goods - £563,716 (2024 - £823,557)
Sales of services - £13,682 (2024 - £2,750)
Purchases of services - £2,192 (2024 - £34,465)
Interest payable - £16,811 (2024 - £61,290)

Group trade receivables - £218,814 (2024 - £224,390)
Group trade related payables - £333,424 (2024 - £307,559)
Group interest bearing loans - £1,197,955 (2024 - £1,134,991)
Group accrued interest - £54,901 (2024 - £61,415)
Group deferred income - £3,864,052 (2024 - £3,613,833)

Net payable to group companies at the balance sheet date was £5,669,145 (2024 - £4,893,408).
 

Pinglestone Estate Limited

Notes to the Financial Statements for the Year Ended 31 December 2025 (continued)

10	Parent and ultimate parent undertaking

The company's immediate parent is Compagnie Vranken SAS, incorporated in France.

 The company's immediate and ultimate parent entity in which its results are consolidated in publicly available financial statements is Compagnie Vranken SAS, resident in France. These financial statements are available upon request from Chateau des Castaignes, 51270 Montmort-Lucy, Reims.

 

11	Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006:

The Independent Auditor's Report was unqualified.

The name of the Senior Statutory Auditor who signed the audit report on 30 September 2026 was John Leyden FCA, who signed for and on behalf of Carbon Accountancy Limited.

.........................................