REGISTERED NUMBER: 15460471 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

2 FEBRUARY 2024 TO 31 DECEMBER 2024

FOR

DEVIATION SPIRITS LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTOR:

S J Carroll

REGISTERED OFFICE:

2 Jardine House

The Harrovian Business Village

Bessborough Road

Harrow

Middlesex

HA1 3EX

REGISTERED NUMBER:

15460471 (England and Wales)

ACCOUNTANTS:

Barber & Company

A trading name of PCM Accounting Limited

2 Jardine House

Harrovian Business Village

Bessborough Road

Harrow

Middlesex

HA1 3EX

FIXED ASSETS

Investments

4

320,000

CURRENT ASSETS

Debtors

5

40,000

Cash at bank

1,398

41,398

CREDITORS

Amounts falling due within one year

6

54,750

NET CURRENT LIABILITIES

(13,352

)

TOTAL ASSETS LESS CURRENT LIABILITIES

306,648

CAPITAL AND RESERVES

Called up share capital

7

1,000

Share premium

8

319,000

Retained earnings

8

(13,352

)

SHAREHOLDERS' FUNDS

306,648

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 18 September 2025 and were signed by:

S J Carroll - Director

1.	STATUTORY INFORMATION

Deviation Spirits Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

During the period under review, the company made losses before and after taxation, amounting to £13,352.

At the balance sheet date the company had net current liabilities amounting to £13,352.

The company meets its day to day working capital requirements with the support of its director and its shareholders. The board of directors of Deviation Spirits Limited have taken this into account in their decision to prepare the Financial Statements on a Going Concern Basis.

TAXATION

Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

DEFERRED TAX

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

UNLISTED INVESTMENTS

Unlisted Investments held as fixed assets are stated at cost less any provisions for impairment.

Investments are reviewed for impairment if events or changes in circumstances indicate that the carrying amount may not be recoverable. Impairments are calculated such that the carrying value of the fixed asset investment is the lower of its cost or recoverable amount. Recoverable amount is the higher of its net realisable value and its value-in-use.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 .

4.	FIXED ASSET INVESTMENTS

Unlisted

investments

£

COST

Additions

320,000

At 31 December 2024

320,000

NET BOOK VALUE

At 31 December 2024

320,000

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Other debtors

40,000

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Directors' current accounts

52,200

Accruals and deferred income

2,550

54,750

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

1,000

Ordinary Shares

1

1,000

1,000 Ordinary Shares shares of 1 each were allotted as fully paid at a premium of £319 per share during the period.

8.

RESERVES

Retained

Share

earnings

premium

Totals

£

£

£

Deficit for the period

(13,352

)

(13,352

)

Cash share issue

-

319,000

319,000

At 31 December 2024

(13,352

)

319,000

305,648