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REGISTERED NUMBER: 13799357 (England and Wales)















Financial Statements for the Year Ended 31 December 2023

for

Catalyst Spirits Limited

Catalyst Spirits Limited (Registered number: 13799357)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


Catalyst Spirits Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: S J Hunt
P H Rochford
Mrs S K Bradley



SECRETARY:



REGISTERED OFFICE: 27 North Side Wandsworth Common
London
SW18 2SU



REGISTERED NUMBER: 13799357 (England and Wales)



SENIOR STATUTORY AUDITOR: Tony Castagnetti



AUDITORS: Belluzzo Audit Limited
38 Craven Street
London
WC2N 5NG

Catalyst Spirits Limited (Registered number: 13799357)

Abridged Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,409 -
Investments 5 909,422 -
910,831 -

CURRENT ASSETS
Stocks 104,957 -
Debtors 301,914 28,851
Cash at bank 2,135,196 3,728,053
2,542,067 3,756,904
CREDITORS
Amounts falling due within one year 222,611 143,884
NET CURRENT ASSETS 2,319,456 3,613,020
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,230,287

3,613,020

CAPITAL AND RESERVES
Called up share capital 133 133
Share premium 3,577,879 3,577,879
Retained earnings (347,725 ) 35,008
3,230,287 3,613,020

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 December 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 21 March 2024 and were signed on its behalf by:





P H Rochford - Director


Catalyst Spirits Limited (Registered number: 13799357)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Catalyst Spirits 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, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 3 ) .

Catalyst Spirits Limited (Registered number: 13799357)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
Additions 1,879
At 31 December 2023 1,879
DEPRECIATION
Charge for year 470
At 31 December 2023 470
NET BOOK VALUE
At 31 December 2023 1,409

5. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
Additions 3,458
At 31 December 2023 3,458
NET BOOK VALUE
At 31 December 2023 3,458
Information on loans is as follows:
Totals
£   
Additions 905,964
At 31 December 2023 905,964

The company's investments at the balance sheet date is as follows:

Hibernicus LLC
Registered Office: 350 Lincoln Road, Floor 2, Miami Beach 33139, USA
Class of shares: Ordinary
Percentage Holding: 10%
Nature of business: Drinks producer

Blackeye Spirits Limited
Registered Office: Quadrant House Floor 6, 4 Thomas More Square, London, E1W 1YW
Class of Shares: Ordinary
Percentage Holding: 10%
Nature of business: Wholesale of wine, beer, spirits and other alcoholic beverages

Catalyst Spirits Limited (Registered number: 13799357)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

6. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Tony Castagnetti (Senior Statutory Auditor)
for and on behalf of Belluzzo Audit Limited


Statutory Auditors

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 31 December 2023 and the period ended 31 December 2022:

31.12.23 31.12.22
£    £   
S J Hunt
Balance outstanding at start of year (50,269 ) -
Amounts advanced 50,269 (50,269 )
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - (50,269 )

8. ULTIMATE CONTROLLING PARTY

The controlling party is S J Hunt.