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Registered number: 04467510
Organic Foods, Drinks & Investments Holdings Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2023
Dns Cloudco Ltd
Dns House, 382 Kenton Road
Harrow
Middlesex
HA3 8DP
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 04467510
2023 2022
Notes
FIXED ASSETS
CURRENT ASSETS
Debtors 5 9,213,349 8,966,723
Cash at bank and in hand 1 1
9,213,350 8,966,724
Creditors: Amounts Falling Due Within One Year 6 (15,546,266 ) (15,196,478 )
NET CURRENT ASSETS (LIABILITIES) (6,332,916 ) (6,229,754 )
TOTAL ASSETS LESS CURRENT LIABILITIES (6,332,916 ) (6,229,754 )
NET LIABILITIES (6,332,916 ) (6,229,754 )
CAPITAL AND RESERVES
Called up share capital 7 6,367,927 6,367,927
Share premium account 30,298 30,298
Other reserves (2,548,600 ) (2,548,600 )
Profit and Loss Account (10,182,541 ) (10,079,379 )
SHAREHOLDERS' FUNDS (6,332,916) (6,229,754)
Page 1
Page 2
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Ms D Cambouroglou
Director
29/08/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Organic Foods, Drinks & Investments Holdings Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 04467510 . The registered office is Margaret Powell House Suite 415c, Midsummer Boulevard, Milton Keynes, Buckinghamshire, MK9 3BN.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The directors have identified material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern, however, the going concern basis remains appropriate.
2.3. Financial Instruments
The company has elected to apply the provisions of Section 11 ’Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial asset and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into.
Basic financial liabilities
Basic financial liabilities, including creditors, and loans from fellow group companies are initially recognised at transaction price.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are iniiially recognised at transaction price.
2.4. Foreign Currencies
Monetary 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 ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
3. Average Number of Employees
Average number of employees during the year was: NIL (2022: NIL)
- -
4. Investments
Other
Cost
As at 1 January 2023 2,837,350
As at 31 December 2023 2,837,350
Provision
As at 1 January 2023 2,837,350
As at 31 December 2023 2,837,350
Net Book Value
As at 31 December 2023 -
As at 1 January 2023 -
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Page 4
The investments are stated at cost less any provision for diminution in value. Any ptofits or losses on disposal of investments are taken to the profit and loss account, Income from investments is recognised when entitlement to dividends or interest is established.
The investments are fully impaired.
5. Debtors
2023 2022
Due within one year
Amounts owed by group undertakings 4,958,000 4,958,000
Amounts owed by participating interests 4,255,349 4,007,449
Other debtors - 1,274
9,213,349 8,966,723
6. Creditors: Amounts Falling Due Within One Year
2023 2022
Trade creditors 3,512 7,445
Other creditors 15,542,754 15,189,033
15,546,266 15,196,478
7. Share Capital
2023 2022
Allotted, Called up and fully paid 6,367,927 6,367,927
Page 4