IRIS Accounts Production v24.2.0.383 12025511 director 1.1.23 31.12.23 31.12.23 20/9/2024 false true false false true false Auditors Opinion Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh120255112022-12-31120255112023-12-31120255112023-01-012023-12-31120255112021-12-31120255112022-01-012022-12-31120255112022-12-3112025511ns15:EnglandWales2023-01-012023-12-3112025511ns14:PoundSterling2023-01-012023-12-3112025511ns10:Director12023-01-012023-12-3112025511ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3112025511ns10:SmallEntities2023-01-012023-12-3112025511ns10:Audited2023-01-012023-12-3112025511ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3112025511ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3112025511ns10:FullAccounts2023-01-012023-12-3112025511ns10:OrdinaryShareClass12023-01-012023-12-3112025511ns10:RegisteredOffice2023-01-012023-12-3112025511ns5:CurrentFinancialInstruments2023-12-3112025511ns5:CurrentFinancialInstruments2022-12-3112025511ns5:ShareCapital2023-12-3112025511ns5:ShareCapital2022-12-3112025511ns5:RetainedEarningsAccumulatedLosses2023-12-3112025511ns5:RetainedEarningsAccumulatedLosses2022-12-3112025511ns5:PlantMachinery2022-12-3112025511ns5:PlantMachinery2023-01-012023-12-3112025511ns5:PlantMachinery2023-12-3112025511ns5:PlantMachinery2022-12-3112025511ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3112025511ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-3112025511ns10:OrdinaryShareClass12023-12-31
REGISTERED NUMBER: 12025511 (England and Wales)















WATERDROP MICRODRINK LTD

Financial Statements for the Year Ended 31 December 2023






WATERDROP MICRODRINK LTD (REGISTERED NUMBER: 12025511)






Contents of the Financial Statements
for the year ended 31 December 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3 to 5


WATERDROP MICRODRINK LTD

Company Information
for the year ended 31 December 2023







Director: M D Murray



Registered office: 107-111 Fleet Street
Ludgate House
London
EC4A 2AB



Registered number: 12025511 (England and Wales)



Auditors: Cooper Parry Group Limited
Statutory Auditor
CUBO Birmingham
3rd Floor
Two Chamberlain Square
Birmingham
West Midlands
B3 3AX



Bankers: DZ Bank AG
150 Cheapside
London
EC2V 6E

WATERDROP MICRODRINK LTD (REGISTERED NUMBER: 12025511)

Statement of Financial Position
31 December 2023

2023 2022
Notes £ £ £ £
Fixed assets
Tangible assets 4 - 4,248

Current assets
Stocks - 4,332
Debtors 5 6,970 26,630
Cash at bank and in hand 22,093 29,697
29,063 60,659
Creditors
Amounts falling due within one year 6 22,964 58,177
Net current assets 6,099 2,482
Total assets less current liabilities 6,099 6,730

Capital and reserves
Called up share capital 7 100 100
Retained earnings 5,999 6,630
Shareholders' funds 6,099 6,730

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 9 September 2024 and were signed by:





M D Murray - Director


WATERDROP MICRODRINK LTD (REGISTERED NUMBER: 12025511)

Notes to the Financial Statements
for the year ended 31 December 2023

1. Statutory information

Waterdrop Microdrink Ltd 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.

Going concern
The financial statements have been prepared on a going concern basis. The Directors have reviewed and considered relevant information, including the annual budget and future cash flows in making their assessment and have a reasonable expectation that the company will continue in operational existence for the foreseeable future.

In addition, the company has the support of it's parent undertaking Waterdrop Microdrink GmbH. Waterdrop Microdrink GmbH have indicated that support is ongoing and will not be withdrawn within 12 months from the date of approval of these financial statements.

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

Other income includes a marketing contribution received from the company's parent undertaking.

Government grants
Grants which are of a revenue nature are credited to the profit and loss account in the same period as the related expenditure.

Tangible fixed assets
Fixed assets are initially recorded at cost.

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

Plant and equipment - 8 years straight line (monthly basis)

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

WATERDROP MICRODRINK LTD (REGISTERED NUMBER: 12025511)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

2. Accounting policies - continued

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.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3. Employees and directors

The average number of employees during the year was 2 (2022 - 13 ) .

4. Tangible fixed assets
Plant and
equipment
£
Cost
At 1 January 2023 5,799
Disposals (5,799 )
At 31 December 2023 -
Depreciation
At 1 January 2023 1,551
Charge for year 125
Eliminated on disposal (1,676 )
At 31 December 2023 -
Net book value
At 31 December 2023 -
At 31 December 2022 4,248

5. Debtors: amounts falling due within one year
2023 2022
£ £
Amounts owed by group undertakings 5,619 -
Other debtors 1,351 20,808
Prepayments - 5,822
6,970 26,630

WATERDROP MICRODRINK LTD (REGISTERED NUMBER: 12025511)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

6. Creditors: amounts falling due within one year
2023 2022
£ £
Trade creditors 1,674 9
Amounts owed to group undertakings - 12,033
Corporation tax 843 -
Social security and other taxes 1,812 9,816
VAT 463 3,244
Other creditors 10,824 8,347
Accruals and deferred income 7,348 24,728
22,964 58,177

7. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
100 Ordinary £1 100 100

8. Disclosure under Section 444(5B) of the Companies Act 2006

The Report of the Auditors was unqualified.

Andrew Hughes FCA (Senior Statutory Auditor)
for and on behalf of Cooper Parry Group Limited

9. Related party disclosures

During the year, market support income was received from the parent company, Waterdrop Microdrink GMBH, totalling £120,525 (2022: £287,029).

At the year end the company was owed £5,619 from the parent company (2022: £12,033 owed to the parent company). The intercompany loan carries an interest rate of 4.35% per annum, payable quarterly.

10. Ultimate controlling party

The controlling party is Waterdrop Microdrink GMBH.

Erika-Krenn Promenade 15
1100 Vienna, Austria