IRIS Accounts Production v24.2.0.383 14540901 Board of Directors 14.12.22 31.12.23 31.12.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh145409012022-12-13145409012023-12-31145409012022-12-142023-12-31145409012022-12-1314540901ns15:EnglandWales2022-12-142023-12-3114540901ns14:PoundSterling2022-12-142023-12-3114540901ns10:Director12022-12-142023-12-3114540901ns10:PrivateLimitedCompanyLtd2022-12-142023-12-3114540901ns10:SmallEntities2022-12-142023-12-3114540901ns10:AuditExempt-NoAccountantsReport2022-12-142023-12-3114540901ns10:SmallCompaniesRegimeForDirectorsReport2022-12-142023-12-3114540901ns10:SmallCompaniesRegimeForAccounts2022-12-142023-12-3114540901ns10:FullAccounts2022-12-142023-12-3114540901ns10:Director22022-12-142023-12-3114540901ns10:Director32022-12-142023-12-3114540901ns10:RegisteredOffice2022-12-142023-12-3114540901ns5:CurrentFinancialInstruments2023-12-3114540901ns5:ShareCapital2023-12-3114540901ns5:RetainedEarningsAccumulatedLosses2023-12-3114540901ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-31
REGISTERED NUMBER: 14540901 (England and Wales)















Unaudited Financial Statements

for the Period 14 December 2022 to 31 December 2023

for

FMN Drinks (UK) Limited

FMN Drinks (UK) Limited (Registered number: 14540901)






Contents of the Financial Statements
for the Period 14 December 2022 to 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FMN Drinks (UK) Limited

Company Information
for the Period 14 December 2022 to 31 December 2023







DIRECTORS: C M Balfe
D G Frew
A G McGill





REGISTERED OFFICE: Suite 5 Corum 2
Corum Office Park
Crown Way
Warmley
Bristol
BS30 8FJ





REGISTERED NUMBER: 14540901 (England and Wales)





ACCOUNTANTS: Verinder Powell Associates Ltd
Suite 5 Corum 2
Corum Office Park
Crown Way
Warmley
Bristol
BS30 8FJ

FMN Drinks (UK) Limited (Registered number: 14540901)

Balance Sheet
31 December 2023

Notes £   
CURRENT ASSETS
Stocks 59,840
Debtors 4 228
Cash at bank 6,102
66,170
CREDITORS
Amounts falling due within one year 5 77,362
NET CURRENT LIABILITIES (11,192 )
TOTAL ASSETS LESS CURRENT LIABILITIES (11,192 )

CAPITAL AND RESERVES
Called up share capital 100
Retained earnings (11,292 )
(11,192 )

FMN Drinks (UK) Limited (Registered number: 14540901)

Balance Sheet - continued
31 December 2023


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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2023 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 September 2024 and were signed on its behalf by:





A G McGill - Director


FMN Drinks (UK) Limited (Registered number: 14540901)

Notes to the Financial Statements
for the Period 14 December 2022 to 31 December 2023

1. STATUTORY INFORMATION

FMN Drinks (UK) 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

There have been no material departures from the Financial Reporting Standard 102 1A.

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.

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 period 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.


FMN Drinks (UK) Limited (Registered number: 14540901)

Notes to the Financial Statements - continued
for the Period 14 December 2022 to 31 December 2023

2. ACCOUNTING POLICIES - continued
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 period 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Going concern
The financial statements have been prepared on a going concern basis following confirmation that the directors will continue to financially support the company in order to maintain its operations as necessary for the foreseeable future and at least 12 months from the date of signing the financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 3 .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other debtors 228

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Amounts owed to group undertakings 16,650
Other creditors 60,712
77,362

FMN Drinks (UK) Limited (Registered number: 14540901)

Notes to the Financial Statements - continued
for the Period 14 December 2022 to 31 December 2023

6. RELATED PARTY DISCLOSURES

Loans from related parties



Key
management

Other related
parties


Total
2023 £ £ £
At start of period - - -
Advanced 31,617 26,595 58,212
Repaid - - -
At end of period 31,617 26,595 58,212

Loans from key management are interest free and repayable on demand.

Loans from other related parties are interest free and repayable on demand.