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REGISTERED NUMBER: 03055297 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2023

FOR

DRINKSTOP LIMITED

DRINKSTOP LIMITED (REGISTERED NUMBER: 03055297)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DRINKSTOP LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2023







DIRECTOR: Mr. Tarvinder Singh





REGISTERED OFFICE: Ace House
22 Chester Road
Sutton Coldfield
Birmingham
West Midlands
B73 5DA





REGISTERED NUMBER: 03055297 (England and Wales)





ACCOUNTANTS: Ark Aurora Ltd
Chartered Accountants & Chartered Tax Advisers
The Maltings
2 Anderson Rd
Bearwood
Birmingham
West Midlands
B66 4AR

DRINKSTOP LIMITED (REGISTERED NUMBER: 03055297)

BALANCE SHEET
31 MAY 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 2,285 2,285
Tangible assets 5 2,448,021 1,959,023
Investments 6 121,536 121,470
2,571,842 2,082,778

CURRENT ASSETS
Debtors 7 529,783 89,563
Cash at bank 125,836 8,556
655,619 98,119
CREDITORS
Amounts falling due within one year 8 209,718 78,432
NET CURRENT ASSETS 445,901 19,687
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,017,743

2,102,465

CREDITORS
Amounts falling due after more than one
year

9

2,003,295

1,099,774
NET ASSETS 1,014,448 1,002,691

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 1,014,446 1,002,689
SHAREHOLDERS' FUNDS 1,014,448 1,002,691

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 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.

DRINKSTOP LIMITED (REGISTERED NUMBER: 03055297)

BALANCE SHEET - continued
31 MAY 2023


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 5 April 2024 and were signed by:





Mr. Tarvinder Singh - Director


DRINKSTOP LIMITED (REGISTERED NUMBER: 03055297)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023


1. STATUTORY INFORMATION

Drinkstop 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 as modified by the revaluation of certain assets.

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.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

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

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

DRINKSTOP LIMITED (REGISTERED NUMBER: 03055297)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023


4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 June 2022
and 31 May 2023 2,285
NET BOOK VALUE
At 31 May 2023 2,285
At 31 May 2022 2,285

5. TANGIBLE FIXED ASSETS
Freehold
property
£   
COST OR VALUATION
At 1 June 2022 1,959,023
Additions 488,998
At 31 May 2023 2,448,021
NET BOOK VALUE
At 31 May 2023 2,448,021
At 31 May 2022 1,959,023

Cost or valuation at 31 May 2023 is represented by:

Freehold
property
£   
Valuation in 2012 1,000,900

** TOTAL SHOWN ON CLIENT SCREEN - REVALUATION ANALYSIS - DOES NOT AGREE TO TOTAL OF FIXED ASSET 'COST' ACCOUNT HELD AT END OF YEAR IN RESPECT OF
FREEHOLD PROPERTY

'COST' ACCOUNT TOTAL
Cost/valuation b/f 1,959,023
Additions 488,998
2,448,021

CLIENT SCREEN TOTAL = -


DRINKSTOP LIMITED (REGISTERED NUMBER: 03055297)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023


5. TANGIBLE FIXED ASSETS - continued

If freehold land and buildings had not been revalued they would have been included at the following historical cost:

31.5.23 31.5.22
£    £   
Cost 840,321 840,321

Freehold land and buildings were valued on an open market basis on 31 May 2012 by the valuers .

During the current year the company has not complied with the requirements that ensure the valuations are kept up to date.

6. FIXED ASSET INVESTMENTS
Shares in
group Other
undertakings investments Totals
£    £    £   
COST
At 1 June 2022 - 121,470 121,470
Additions 66 - 66
At 31 May 2023 66 121,470 121,536
NET BOOK VALUE
At 31 May 2023 66 121,470 121,536
At 31 May 2022 - 121,470 121,470

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Amounts owed by associates 341,370 19,150
Debtors 160,000 -
Other debtors- Short term loan 12,720 12,720
Prepayments 15,693 57,693
529,783 89,563

DRINKSTOP LIMITED (REGISTERED NUMBER: 03055297)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade creditors 18,845 20,060
Amounts owed to associates 5,032 5,032
Tax 18,245 15,488
Social security and other taxes 7,244 7,244
VAT 10,523 1,737
Other creditors 124,000 -
Directors' current accounts 21,329 26,871
Accrued expenses 4,500 2,000
209,718 78,432

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.23 31.5.22
£    £   
Bank loans - 2-5 years 39,804 47,243
Loan 315,000 -
Bank loans more 5 yr by instal - 466,540
Loan 500,000 -
Loan 562,500 -
Directors' loan accounts 585,991 585,991
2,003,295 1,099,774

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 466,540
Loan 500,000 -
Loan 562,500 -
1,062,500 466,540

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr. Tarvinder Singh.