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Registration number: 08793693

Fine Drinks Investments Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 30 November 2024

 

Fine Drinks Investments Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 4

 

Fine Drinks Investments Limited

(Registration number: 08793693)
Balance Sheet as at 30 November 2024

Note

2024
£

2023
£

Current assets

 

Debtors

5

63

63

Other financial assets

4

54,269

99,189

Cash at bank and in hand

 

1,053

1,543

 

55,385

100,795

Creditors: Amounts falling due within one year

6

(163,626)

(162,523)

Net liabilities

 

(108,241)

(61,728)

Capital and reserves

 

Called up share capital

7

300

300

Revaluation reserve

(87,349)

(42,429)

Retained earnings

(21,192)

(19,599)

Shareholders' deficit

 

(108,241)

(61,728)

For the financial year ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 1 April 2025 and signed on its behalf by:
 

Mr A Stones
Director

   
     
 

Fine Drinks Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

1

General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
Parkhill Business Centre
Walton Road
Wetherby
West Yorkshire
LS22 5DZ
England

These financial statements were authorised for issue by the Board on 1 April 2025.

2

Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

 

Fine Drinks Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

4

Other financial assets (current and non-current)

2024
£

2023
£

Current financial assets

Financial assets at fair value through profit and loss

54,269

99,189

5

Debtors

Current

2024
£

2023
£

Other debtors

63

63

 

63

63

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

8

8,455

7,831

Accruals and deferred income

 

420

420

Other creditors

 

154,751

154,272

 

163,626

162,523

 

Fine Drinks Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

200

200

200

200

Ordinary A - E shares of £1 each

100

100

100

100

300

300

300

300

8

Loans and borrowings

Current loans and borrowings

2024
£

2023
£

Other borrowings

8,455

7,831