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Registered number: 09683336
Drinks21 Group Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Company Information 1
Balance Sheet 2—3
Notes to the Financial Statements 4—6
Page 1
Company Information
Directors Stephen Brogan
Gail Brogan
Secretary David Moran
Company Number 09683336
Registered Office 9 Queen's Square
Ascot Business Park
Ascot
Berkshire
SL5 9FE
Bankers HSBC Bank PLC
8 Canada Square
Canary Wharf
London
E14 5HQ
Solicitors Burges Salmon LLP
Atria One
144 Morrison Street
Edinburgh
EH3 8EX
Page 1
Page 2
Balance Sheet
Registered number: 09683336
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 40,000 45,000
Investments 5 1,386,642 1,374,642
1,426,642 1,419,642
CURRENT ASSETS
Debtors 6 350,149 549,297
Cash at bank and in hand 3,413 278
353,562 549,575
Creditors 7 (307,365 ) (984,760 )
NET CURRENT ASSETS (LIABILITIES) 46,197 (435,185 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,472,839 984,457
Long Term Liabilities 8 (3,196,034 ) (2,206,741 )
NET LIABILITIES (1,723,195 ) (1,222,284 )
CAPITAL AND RESERVES
Called up share capital 9 40,266 40,266
Profit and Loss Account (1,763,461 ) (1,262,550 )
SHAREHOLDERS' FUNDS (1,723,195) (1,222,284)
Page 2
Page 3
For the year ending 31 March 2024 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
Stephen Brogan
Director
28th March 2025
The notes on pages 4 to 6 form part of these financial statements.
Page 3
Page 4
Notes to the Financial Statements
1. General Information
Drinks21 Group Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09683336 . The registered office is 9 Queen's Square, Ascot Business Park, Ascot, Berkshire, SL5 9FE.
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. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of .... years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 33% on Cost
Motor Vehicles 25% on Cost
Fixtures & Fittings 25% on Cost
Computer Equipment 33% on Cost
2.5. 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, including directors, during the year was: 3 (2023: 3)
3 3
Page 4
Page 5
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2023 50,000
As at 31 March 2024 50,000
Amortisation
As at 1 April 2023 5,000
Provided during the period 5,000
As at 31 March 2024 10,000
Net Book Value
As at 31 March 2024 40,000
As at 1 April 2023 45,000
5. Investments
Unlisted Other Total
£ £ £
Cost
As at 1 April 2023 1,089,362 285,280 1,374,642
Additions - 12,000 12,000
As at 31 March 2024 1,089,362 297,280 1,386,642
Provision
As at 1 April 2023 - - -
As at 31 March 2024 - - -
Net Book Value
As at 31 March 2024 1,089,362 297,280 1,386,642
As at 1 April 2023 1,089,362 285,280 1,374,642
6. Debtors
2024 2023
£ £
Due within one year
Other debtors 211,870 518,501
VAT 3,845 -
Amounts owed by group undertakings 134,434 30,796
350,149 549,297
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Page 6
7. Creditors
2024 2023
£ £
Trade creditors 4,170 42,442
Bank loans and overdrafts 9,725 10,648
Accruals and deferred income 8,883 15,950
Amounts owed to group undertakings 284,587 915,720
307,365 984,760
8. Long Term Liabilities
2024 2023
£ £
Bank loans 11,034 21,741
Other loans 45,000 55,000
Shareholder Loans 2,440,000 2,130,000
Amounts owed to group undertakings 700,000 -
3,196,034 2,206,741
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 40,266 40,266
Page 6