Silverfin false false 28/08/2024 01/03/2023 28/08/2024 Isabel-Catherine Demel 22/06/2022 Adam Gray 12/05/2023 25/02/2022 24 May 2025 The principal activity of the Company during the period was that of whisky storage, bottling and labelling. 13941455 2024-08-28 13941455 bus:Director1 2024-08-28 13941455 bus:Director2 2024-08-28 13941455 2023-02-28 13941455 core:CurrentFinancialInstruments 2024-08-28 13941455 core:CurrentFinancialInstruments 2023-02-28 13941455 core:ShareCapital 2024-08-28 13941455 core:ShareCapital 2023-02-28 13941455 core:RetainedEarningsAccumulatedLosses 2024-08-28 13941455 core:RetainedEarningsAccumulatedLosses 2023-02-28 13941455 core:OtherPropertyPlantEquipment 2023-02-28 13941455 core:OtherPropertyPlantEquipment 2024-08-28 13941455 bus:OrdinaryShareClass1 2024-08-28 13941455 2023-03-01 2024-08-28 13941455 bus:FilletedAccounts 2023-03-01 2024-08-28 13941455 bus:SmallEntities 2023-03-01 2024-08-28 13941455 bus:AuditExemptWithAccountantsReport 2023-03-01 2024-08-28 13941455 bus:PrivateLimitedCompanyLtd 2023-03-01 2024-08-28 13941455 bus:Director1 2023-03-01 2024-08-28 13941455 bus:Director2 2023-03-01 2024-08-28 13941455 core:OtherPropertyPlantEquipment 2023-03-01 2024-08-28 13941455 2022-02-25 2023-02-28 13941455 bus:OrdinaryShareClass1 2023-03-01 2024-08-28 13941455 bus:OrdinaryShareClass1 2022-02-25 2023-02-28 iso4217:GBP xbrli:pure xbrli:shares

Company No: 13941455 (England and Wales)

JD SPIRITS LIMITED

UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL PERIOD FROM 01 MARCH 2023 TO 28 AUGUST 2024
PAGES FOR FILING WITH THE REGISTRAR

JD SPIRITS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL PERIOD FROM 01 MARCH 2023 TO 28 AUGUST 2024

Contents

JD SPIRITS LIMITED

BALANCE SHEET

AS AT 28 AUGUST 2024
JD SPIRITS LIMITED

BALANCE SHEET (continued)

AS AT 28 AUGUST 2024
Note 28.08.2024 28.02.2023
£ £
Fixed assets
Tangible assets 3 63,987 15,051
63,987 15,051
Current assets
Debtors 4 1,256,606 57,498
Cash at bank and in hand 34,636 2,476
1,291,242 59,974
Creditors: amounts falling due within one year 5 ( 1,699,148) ( 149,456)
Net current liabilities (407,906) (89,482)
Total assets less current liabilities (343,919) (74,431)
Net liabilities ( 343,919) ( 74,431)
Capital and reserves
Called-up share capital 6 1 1
Profit and loss account ( 343,920 ) ( 74,432 )
Total shareholder's deficit ( 343,919) ( 74,431)

For the financial period ending 28 August 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of JD Spirits Limited (registered number: 13941455) were approved and authorised for issue by the Director on 24 May 2025. They were signed on its behalf by:

Isabel-Catherine Demel
Director
JD SPIRITS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL PERIOD FROM 01 MARCH 2023 TO 28 AUGUST 2024
JD SPIRITS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL PERIOD FROM 01 MARCH 2023 TO 28 AUGUST 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period and to the preceding financial period, unless otherwise stated.

General information and basis of accounting

JD Spirits Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Rayleigh House 21 Queen Annes Place, London, Enfield, EN1 2QB, United Kingdom.

The financial statements have been prepared under the historical cost convention and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director notes that the business has net liabilities of £343,919. The Company is supported through loans from the director. The director has confirmed that the loan facilities will continue to be available for at least 12 months from the date of signing these financial statements and the director will continue to support the Company. Given the current position, the director believes that any foreseeable debts can be met for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Reporting period length

The financial statements for the period ended 28 February 2023 reflect 369 days from the date of incorporation. The current period has been extended to amend the financial year to end 28 August 2024 . As a result of the change the prior periods figures shown are not entirely comparable.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Profit and Loss Account in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for the storage, bottling and labelling of whisky and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc. 25 % reducing balance
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are measured at transaction price including transaction costs.

Basic financial liabilities
Basic financial liabilities, including creditors, 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. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

2. Employees

Period from
01.03.2023 to
28.08.2024
Period from
25.02.2022 to
28.02.2023
Number Number
Monthly average number of persons employed by the Company during the period, including the unpaid director 5 1

3. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 01 March 2023 16,619 16,619
Additions 66,568 66,568
At 28 August 2024 83,187 83,187
Accumulated depreciation
At 01 March 2023 1,568 1,568
Charge for the financial period 17,632 17,632
At 28 August 2024 19,200 19,200
Net book value
At 28 August 2024 63,987 63,987
At 28 February 2023 15,051 15,051

4. Debtors

28.08.2024 28.02.2023
£ £
Trade debtors 90,063 6,751
Other debtors 1,166,543 50,747
1,256,606 57,498

5. Creditors: amounts falling due within one year

28.08.2024 28.02.2023
£ £
Trade creditors 16,329 0
Other taxation and social security 23,721 3,065
Other creditors 1,659,098 146,391
1,699,148 149,456

6. Called-up share capital

28.08.2024 28.02.2023
£ £
Allotted, called-up and fully-paid
1 Ordinary share of £ 1.00 1 1

7. Financial commitments

Other financial commitments

28.08.2024 28.02.2023
£ £
Total commitments under non-cancellable operating leases not provided for in the accounts 226,000 0

8. Related party transactions

Transactions with the entity's director

28.08.2024 28.02.2023
£ £
Amounts Owed to Directors 489,750 0

This loan is interest free and repayable on demand.

Other related party transactions

28.08.2024 28.02.2023
£ £
Amounts Owed to Other Related Parties 762,500 0

This loan is interest free and repayable on demand.