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Registered number: 03267523
THE DRINKS COMPANY LIMITED
Unaudited
Financial statements
Information for filing with the registrar
For the Year Ended 31 March 2025
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THE DRINKS COMPANY LIMITED
Chartered Accountants' Report to the Board of Directors on the preparation of the Unaudited Statutory Financial Statements of THE DRINKS COMPANY LIMITED for the Year Ended 31 March 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of THE DRINKS COMPANY LIMITED for the year ended 31 March 2025 which comprise the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.
This report is made solely to the Board of Directors of THE DRINKS COMPANY LIMITED, as a body, in accordance with the terms of our engagement letter dated 2 August 2023. Our work has been undertaken solely to prepare for your approval the financial statements of THE DRINKS COMPANY LIMITED and state those matters that we have agreed to state to the Board of Directors of THE DRINKS COMPANY LIMITED, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than THE DRINKS COMPANY LIMITED and its Board of Directors, as a body, for our work or for this report.
It is your duty to ensure that THE DRINKS COMPANY LIMITED has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of THE DRINKS COMPANY LIMITED. You consider that THE DRINKS COMPANY LIMITED is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or review of the financial statements of THE DRINKS COMPANY LIMITED. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Kreston Reeves LLP
Chartered Accountants
Springfield House
Springfield Road
Horsham
West Sussex
RH12 2RG
8 September 2025
Page 1
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THE DRINKS COMPANY LIMITED
Registered number: 03267523
Balance Sheet
As at 31 March 2025
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Debtors: amounts falling due within one year
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Creditors: amounts falling due within one year
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Total assets less current liabilities
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The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.
The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.
The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
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R J G Curteis
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The notes on pages 3 to 7 form part of these financial statements.
Page 2
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THE DRINKS COMPANY LIMITED
Notes to the Financial Statements
For the Year Ended 31 March 2025
The Drinks Company Limited is a private company limited by shares and incorporated in England and Wales. The registration number of the company is 03267523.
The registered office is Springfield House, Springfield Road, Horsham, West Sussex, RH12 2RG.
2.Accounting policies
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Basis of preparation of financial statements
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The presentation currency is £ sterling.
The figures in the financial statements have been rounded to the nearest £1.
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The following principal accounting policies have been applied:
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:
Sale of goods
Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
∙the company has transferred the significant risks and rewards of ownership to the buyer;
∙the company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
∙the amount of revenue can be measured reliably;
∙it is probable that the company will receive the consideration due under the transaction; and
∙the costs incurred or to be incurred in respect of the transaction can be measured reliably.
Page 3
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THE DRINKS COMPANY LIMITED
Notes to the Financial Statements
For the Year Ended 31 March 2025
2.Accounting policies (continued)
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.
Depreciation is provided on the following basis:
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.
At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.
Page 4
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THE DRINKS COMPANY LIMITED
Notes to the Financial Statements
For the Year Ended 31 March 2025
2.Accounting policies (continued)
Defined contribution pension plan
The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.
The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the company in independently administered funds.
Interest income is recognised in profit or loss using the effective interest method.
Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.
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The average monthly number of employees, including directors, during the year was 9 (2024 - 9).
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Page 5
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THE DRINKS COMPANY LIMITED
Notes to the Financial Statements
For the Year Ended 31 March 2025
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Charge for the year on owned assets
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Finished goods and goods for resale
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Prepayments and accrued income
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Page 6
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THE DRINKS COMPANY LIMITED
Notes to the Financial Statements
For the Year Ended 31 March 2025
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Creditors: Amounts falling due within one year
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Amounts owed to group undertakings
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Other taxation and social security
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Accruals and deferred income
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Defined contribution pension scheme:
The company operates a defined contribution pension scheme. The pension cost charge for the year represents contributions payable by the company to the scheme and amounted to £15,124 (2024 - £74,463).
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Transactions with directors
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There was no loan outstanding from the director at the balance sheet date.
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Related party transactions
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M & O Holdings Limited
(Parent company)
During the year, M & O Holdings Limited continued to provide a loan to the company.No dividends were paid to M & O Holdings Limited in 2025 (2024: £2,177,731). At the balance sheet date, the amount due to M & O Holdings Limited was £Nil (2024: £2,149,166).
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The company is controlled by its parent undertaking, M & O Holdings Limited. The registered office is Springfield House, Springfield Road, Horsham, West Sussex, RH12 2RG, and the principal place of business is 11 Foundry Court, Foundry Lane, Horsham, West Sussex, RH13 5PY.
Subsequent to the year end, on 1 April 2025, Sunray Bidco UK Limited acquired 100% of the issued share capital and is now regarded as the company's ultimate controling party. The registered office is 2nd Floor, 107, Cheapside, London, England, EC2V .
Page 7
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