Company No: 10240829 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Intangible assets	3	866		1,002
Tangible assets	4	1,832		2,688
		2,698		3,690
Current assets
Stocks		242,763		173,630
Debtors	5	53,952		30,429
Cash at bank and in hand		2,804		15,326
		299,519		219,385
Creditors: amounts falling due within one year	6	( 551,659)		( 360,108)
Net current liabilities		(252,140)		(140,723)
Total assets less current liabilities		(249,442)		(137,033)
Creditors: amounts falling due after more than one year	7	( 1,238)		( 3,076)
Net liabilities		( 250,680)		( 140,109)
Capital and reserves
Called-up share capital	8	100		100
Profit and loss account		( 250,780 )		( 140,209 )
Total shareholders' deficit		( 250,680)		( 140,109)

For the financial year ending 30 June 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Meanwhile Drinks Ltd (registered number: 10240829) were approved and authorised for issue by the Director on 09 September 2025. They were signed on its behalf by:

B Schroder Director

1. Accounting policies

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

General information and basis of accounting

Meanwhile Drinks Ltd (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 69c Shrubland Road, London, E8 4NL, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, 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 financial statements have been prepared on a going concern basis even though a loss has been made in the period and the company has net liabilities. The company relies on support from its directors. The directors have indicated that this will not be required to be repaid until such time as the company has funds to do so.

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. Non monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Turnover

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 os shown net of value added tax, returns, rebates and discounts and after eliminating sales within the company.

The company recognises revenue when:
- The amount of revenue can be reliably measured;
- it is probable that future economic benefits will flow to the entity;
- and specific criteria have been met for each of the company's activities.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Development costs	10 years straight line
Trademarks, patents and licences	10 years straight line

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, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on the following basis over its expected useful life, as follows:

Vehicles	25 % reducing balance
Fixtures and fittings	4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Stocks

Stock comprises goods for resale and is valued at the lower of cost and net realisable value.

Financial instruments

Classification

The company hold the following financial instruments:
- Short term trade and other debtors and creditors; and
- Bank loans: and
- Cash and bank balances

All financial instruments are classified as basic.

Recognition and measurement

Financial instruments are recognised when the company becomes a party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company's obligations are discharged, expire or are cancelled.

Except for bank loans, such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.

Bank loans are initially measured at transaction price, including transaction costs, and are subsequently carried at amortised cost using the effective interest method.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including the director	0		0

3. Intangible assets

	Development costs		Trademarks, patents and licences		Total
	£		£		£
Cost
At 01 July 2024	810		549		1,359
At 30 June 2025	810		549		1,359
Accumulated amortisation
At 01 July 2024	243		114		357
Charge for the financial year	81		55		136
At 30 June 2025	324		169		493
Net book value
At 30 June 2025	486		380		866
At 30 June 2024	567		435		1,002

4. Tangible assets

	Vehicles		Fixtures and fittings		Total
	£		£		£
Cost
At 01 July 2024	3,478		3,367		6,845
At 30 June 2025	3,478		3,367		6,845
Accumulated depreciation
At 01 July 2024	1,522		2,635		4,157
Charge for the financial year	489		367		856
At 30 June 2025	2,011		3,002		5,013
Net book value
At 30 June 2025	1,467		365		1,832
At 30 June 2024	1,956		732		2,688

5. Debtors

	2025		2024
	£		£
Trade debtors	53,952		30,429

6. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank loans	1,945		2,052
Trade creditors	11,318		7,635
Other taxation and social security	7,595		6,908
Other creditors	530,801		343,513
	551,659		360,108

7. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Bank loans	1,238		3,076

There are no amounts included above in respect of which any security has been given by the small entity.

8. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
10,000 Ordinary shares of £ 0.10 each	100		100