Acorah Software Products - Accounts Production 16.4.675 false true true 28 February 2024 1 March 2023 false 13 August 2025 29 February 2024 28 February 2025 28 February 2025 12902921 Mr G K Stevens Mr M A Croudace Mrs R Chiang Mr D Schulze iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12902921 2024-02-28 12902921 2025-02-28 12902921 2024-02-29 2025-02-28 12902921 frs-core:CurrentFinancialInstruments 2025-02-28 12902921 frs-core:Non-currentFinancialInstruments 2025-02-28 12902921 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-02-29 2025-02-28 12902921 frs-core:OtherResidualIntangibleAssets 2025-02-28 12902921 frs-core:OtherResidualIntangibleAssets 2024-02-29 2025-02-28 12902921 frs-core:OtherResidualIntangibleAssets 2024-02-28 12902921 frs-core:SharePremium 2025-02-28 12902921 frs-core:ShareCapital 2025-02-28 12902921 frs-core:RetainedEarningsAccumulatedLosses 2025-02-28 12902921 frs-bus:PrivateLimitedCompanyLtd 2024-02-29 2025-02-28 12902921 frs-bus:FilletedAccounts 2024-02-29 2025-02-28 12902921 frs-bus:SmallEntities 2024-02-29 2025-02-28 12902921 frs-bus:Audited 2024-02-29 2025-02-28 12902921 frs-bus:SmallCompaniesRegimeForAccounts 2024-02-29 2025-02-28 12902921 frs-bus:OrdinaryShareClass1 2024-02-29 2025-02-28 12902921 frs-bus:OrdinaryShareClass1 2025-02-28 12902921 frs-core:CostValuation 2024-02-28 12902921 frs-core:AdditionsToInvestments 2025-02-28 12902921 frs-core:CostValuation 2025-02-28 12902921 frs-core:ProvisionsForImpairmentInvestments 2024-02-28 12902921 frs-core:ProvisionsForImpairmentInvestments 2025-02-28 12902921 frs-bus:Director1 2024-02-29 2025-02-28 12902921 frs-bus:Director2 2024-02-29 2025-02-28 12902921 frs-bus:Director3 2024-02-29 2025-02-28 12902921 frs-bus:Director4 2024-02-29 2025-02-28 12902921 frs-core:CurrentFinancialInstruments 1 2025-02-28 12902921 frs-countries:EnglandWales 2024-02-29 2025-02-28 12902921 2023-02-28 12902921 2024-02-28 12902921 2023-03-01 2024-02-28 12902921 frs-core:CurrentFinancialInstruments 2024-02-28 12902921 frs-core:Non-currentFinancialInstruments 2024-02-28 12902921 frs-core:SharePremium 2024-02-28 12902921 frs-core:ShareCapital 2024-02-28 12902921 frs-core:RetainedEarningsAccumulatedLosses 2024-02-28 12902921 frs-bus:OrdinaryShareClass1 2023-03-01 2024-02-28 12902921 frs-core:CurrentFinancialInstruments 1 2024-02-28
Registered number: 12902921
Curated Beverages UK Ltd
Financial Statements
For The Year Ended 28 February 2025
Contents
Page
Statement of Financial Position 1
Notes to the Financial Statements 2—6
Page 1
Statement of Financial Position
Registered number: 12902921
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 - 938
Investments 5 200,108 146,887
200,108 147,825
CURRENT ASSETS
Debtors 6 73,244 107,358
Cash at bank and in hand 7,501 84,248
80,745 191,606
Creditors: Amounts Falling Due Within One Year 7 (68,604 ) (72,289 )
NET CURRENT ASSETS (LIABILITIES) 12,141 119,317
TOTAL ASSETS LESS CURRENT LIABILITIES 212,249 267,142
Creditors: Amounts Falling Due After More Than One Year 8 (23,544 ) -
NET ASSETS 188,705 267,142
CAPITAL AND RESERVES
Called up share capital 9 353 353
Share premium account 793,080 793,667
Income Statement (604,728 ) (526,878 )
SHAREHOLDERS' FUNDS 188,705 267,142
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 Income Statement.
On behalf of the board
Mr M A Croudace
Director
13th August 2025
The notes on pages 2 to 6 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Curated Beverages UK Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12902921 . The registered office is Unit 3 Building 2, The Colony Wilmslow, Altrincham Road, Wilmslow, Cheshire, SK9 4LY.
The principal activity of the company during the period under review was the wholesale of non-alcoholic beverages.
The company has no single principal place of business.
The functional and presentational currency of the company is Pound Sterling (£). The accounts are rounded to the nearest £.
The financial statements have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
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 believe that the company has adequate financial resources to continue in operation for the foreseeable future and accordingly the financial statements have been prepared on a going concern basis. The directors have satisfied themselves that the company is in a sound financial position by  preparing forecasts covering the period up to and including February 2027 which indicate a positive cash position for company and that it meets foreseeable cash requirements. It is important to highlight that forecasts are based on the current information available and the directors' best estimates so have an inherent uncertainty. The directors are not aware of any new material changes that may adversely impact the company. The directors are also not aware of any material non-compliance with statutory or regulatory requirements or any pending changes to legislation which may affect the company. 
2.3. Significant judgements and estimations
The preparation of the financial statements requires management to make judgements, estimates and
assumptions that affect the amounts reported for assets and liabilities at the reporting date and the amounts
reported for revenues and expenses during the year. However, the nature of estimation means that actual
outcomes might differ from those estimates.
The following judgements have been made by the directors in applying the company's accounting policies:
Going concern
See the paragraph above for details of the directors' judgements in adopting the going concern basis in these financial statements.
Recoverability of investments in and debts owed by the subsidiary and associated undertakings
At each year end the directors assess whether the subsidiary and associated undertakings have the financial resources to repay their debts, as well as reviewing the recovery.
2.4. Turnover
Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances. Turnover is reported net of VAT. Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title has passed.
2.5. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are computer software which is amortised to income statement over its estimated economic life of four years.
2.6. Leasing and Hire Purchase Contracts
Operating lease payments are recognised as an expense on a straight-line basis over the lease term.
2.7. Financial Instruments
The company has basic financial instruments which are stated at amortised cost.
2.8. Foreign Currencies
Transactions in currencies, other than the functional currency of the company, are recorded at the rate of exchange on the date the transaction occurred. Monetary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period. All differences are taken to the Income Statement. 
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Page 3
2.9. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the Income Statement because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.
Current or deferred tax for the year is recognised in the Imcome Statement, except when they relate to items that are recognised in Other Comprehensive Income or directly in Equity, in which case, the current and deferred tax is also recognised in Other Comprehensive Income or directly in Equity respectively.
2.10. Consolidation
As the company and its subsidiary and associated undertakings form a small group, the company is exempt from the requirement to prepare group financial statements. These financial statements present information about the company as a standalone entity and not its group.
2.11. Fixed asset investments
Fixed asset investments are stated at cost less any provision for impairment.
3. Average Number of Employees
Average number of employees during the year was: NIL (2024: NIL)
- -
4. Intangible Assets
Other
£
Cost
As at 29 February 2024 1,249
As at 28 February 2025 1,249
Amortisation
As at 29 February 2024 311
Provided during the period 938
As at 28 February 2025 1,249
Net Book Value
As at 28 February 2025 -
As at 29 February 2024 938
Page 3
Page 4
5. Investments
Subsidiaries Associates Joint Ventures Total
£ £ £ £
Cost
As at 29 February 2024 215,887 60,455 - 276,342
Additions - 42,635 10,586 53,221
As at 28 February 2025 215,887 103,090 10,586 329,563
Provision
As at 29 February 2024 69,000 60,455 - 129,455
As at 28 February 2025 69,000 60,455 - 129,455
Net Book Value
As at 28 February 2025 146,887 42,635 10,586 200,108
As at 29 February 2024 146,887 - - 146,887
The investment in subsidiaries represents a 100% holding in the ordinary shares of Curated Beverages (Proprietary) Limited, a company which is incorporated in South Africa.
The subsidiary made a loss of £90,563 (2024: £36,311) for the year ended 28 February 2025 and had closing positive capital and reserves of £52,351 (2024: £142,914) at that date.
In the year ended 28 February 2024, the investment in the subsidiary was impaired by £69,000.
The investment in associate represents 41% of the issued share capital of Curated Beverages USA Inc.
The associate made a loss of £258,052 (2023: £197,888) for the year ended 31 December 2024 (non-coterminous) and had closing positive capital and reserves of £14,809 (2023: £828) at that date.
In the year ended 28 February 2024, the investment in associate was impaired by £10,455.
The joint venture represents a 50% shareholdings in Kolisi Beverage Brands Limited, a company incorporated in England and Wales.
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 12,990 41,925
Prepayments and accrued income 3,061 3,764
Other debtors 6,914 719
VAT Recoverable 6,401 3,173
Amounts owed by joint venture 775 -
Amounts owed by associate 43,103 57,777
73,244 107,358
Page 4
Page 5
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 271 2,423
Bank loans and overdrafts 11,616 1,752
Accruals 10,795 29,583
Amounts owed to group undertaking 45,922 38,531
68,604 72,289
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 23,544 -
9. Share Capital
2025 2024
Allotted, called up and fully paid £ £
3,530 Ordinary Shares of £ 0.10 each 353 353
10. Reserves
Share premium account - includes any premiums received on issue of share capital. Any transaction costs associated with the issuing of shares are deducted from share premium.
Profit and loss account - includes all current and prior period retained profits and losses.
11. Related Party Transactions
Curated Beverages (Proprietary) Limited is a subsidiary of the company. During the year the company purchased goods amounting to £178,524 (2024: £204,583) from Curated Beverages (Proprietary) Limited. At the reporting date the company owed £45,922 to (2024: £38,531) Curated Beverages (Proprietary) Limited.
Il Consigliere (Pty) Limited is a company in which GK Stevens, a director of the company, has an interest. During the year the company paid Il Consigliere (Pty) Limited £43,386 (2024: £31,391) in respect of services provided. At the reporting date the company owed Il Consigliere (Pty) Limited £nil (2024: £332).
GK Stevens has provided a personal guarantee in respect of the bank overdraft of the company. At the reporting date the bank overdraft amounted to £nil (2024: £1,752).
Pivot Financial Partners (Pty) Limited is a company in which MA Croudace, a director of the company, has an interest. During the year the company paid Pivot Financial Partners (Pty) Limited £61,765 (2024:£70,746) in respect of services provided. The company had no balances with Pivot Financial Partners (Pty) Limited at either year end.
Curated Beverages USA Inc is a company in which the company has a 41% interest. During the year the company made sales to Curated Beverages USA Inc of £140,618 (2024: £157,025) and made purchases from Curated Beverages USA Inc of £13,415 (2024: £6,707). At the reporting date the company was owed £43,103 (2024: £57,777) by Curated Beverages USA Inc.
Kolisi Beverage Brands Limited is a company in which the company has a 50% interest. At the reporting date the company was owed £775 (2024: £nil) by Kolisi Beverage Brands Limited.
SL Schapera, a director of the company, charged directors fees of £nil (2024: £5,208) to the company during the year. There were no balances with him at either year end.
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12. Audit Information
The auditor's report on the accounts of Curated Beverages UK Ltd for the year ended 28 February 2025 was unqualified but included the paragraph below:-
"We draw attention to note 2.2 in the financial statements, which indicates that the directors have based their conclusions on the going concern status of the company on forecasts for the period up to and including 28 February 2027. Forecasts are inherently uncertain by their nature and therefore this creates a material uncertainty which may cast doubt on the company’s ability to continue as a going concern. Our opinion is not modified in this matter."
The auditor's report was signed by Paul Allan Byrne BA (Double Hons) FCA (Senior Statutory Auditor) for and on behalf of Ascendis Audit Limited , Statutory Auditor.
Ascendis Audit Limited
Unit 3, Building 2
The Colony, Altrincham Road
Wilmslow
Cheshire
SK9 4LY
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