REGISTERED NUMBER: 11410559 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

HELL BEVERAGES UK LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

T Grosch

REGISTERED OFFICE:

Unit 2d Masonry Trading Estate

135 Bloxwich Road

Walsall

West Midlands

WS2 8BS

REGISTERED NUMBER:

11410559 (England and Wales)

AUDITORS:

Prime

Chartered Accountants

Statutory Auditor

161 Newhall Street

Birmingham

B3 1SW

FIXED ASSETS

Tangible assets

4

15,360

14,811

CURRENT ASSETS

Stocks

5

1,123,901

1,236,853

Debtors

6

2,241,640

1,860,199

Cash at bank and in hand

551,714

370,510

3,917,255

3,467,562

CREDITORS

Amounts falling due within one year

7

12,453,588

9,033,642

NET CURRENT LIABILITIES

(8,536,333

)

(5,566,080

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(8,520,973

)

(5,551,269

)

CREDITORS

Amounts falling due after more than one year

8

(367,231

)

(367,231

)

PROVISIONS FOR LIABILITIES

10

(200,906

)

-

NET LIABILITIES

(9,089,110

)

(5,918,500

)

CAPITAL AND RESERVES

Called up share capital

10,000

10,000

Retained earnings

(9,099,110

)

(5,928,500

)

SHAREHOLDERS' FUNDS

(9,089,110

)

(5,918,500

)

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 22 September 2025 and were signed by:

T Grosch - Director

1.	STATUTORY INFORMATION

Hell Beverages UK Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Going concern

As at 31 December 2024, the company has net current liabilities of £8,536,333 (2023: £5,566,080). The directors have prepared the financial statements on a going concern basis as it is considered that the group have sufficient resources and support to meet its liabilities as they fall due at least 12 months from the signing of these financial statements.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

-Plant and Machinery 25% per annum on reducing balance.

-Fixtures and Fittings 20% per annum on reducing balance.

-Computer Equipment 20% per annum on reducing balance.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year 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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 year 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Vacant property leases

When leasehold properties become vacant, the company provides for all unavoidable costs to the end of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 30 (2023 - 33 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 January 2024

21,837

6,400

6,008

34,245

Additions

-

347

4,200

4,547

At 31 December 2024

21,837

6,747

10,208

38,792

DEPRECIATION

At 1 January 2024

13,889

2,378

3,167

19,434

Charge for year

1,987

862

1,149

3,998

At 31 December 2024

15,876

3,240

4,316

23,432

NET BOOK VALUE

At 31 December 2024

5,961

3,507

5,892

15,360

At 31 December 2023

7,948

4,022

2,841

14,811

5.

STOCKS

2024

2023

£

£

Stocks

1,123,901

1,236,853

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

1,461,037

1,316,056

Other debtors

780,603

544,143

2,241,640

1,860,199

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

12,132,997

8,859,526

Taxation and social security

102,051

152,527

Other creditors

218,540

21,589

12,453,588

9,033,642

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Other creditors

367,231

367,231

9.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2024

2023

£

£

Within one year

225,668

398,607

Between one and five years

179,778

477,286

405,446

875,893

10.	PROVISIONS FOR LIABILITIES

As at December 2024, the company has identified an onerous lease provision in accordance with FRS 102. The provision has been recognised due to the unavoidable costs of meeting the obligations under the lease, which exceed the economic benefits expected to be received from the use of the leased asset.

The total amount recognised as a provision is £200,906 (2023:£nil). The onerous lease provision is classified under current liabilities in the statement of financial position and is expected to be settled within one year.

11.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Luke Edwards ACA FCCA (Senior Statutory Auditor)

for and on behalf of Prime

12.	RELATED PARTY DISCLOSURES

During the period Hell Beverages UK Limited made £6,315,401 (2023: £6,686,045) worth of purchases from Hell Energy Magyarorszag Kft. At the financial year end the balance owing to Hell Energy Magyarorszag Kft. was £11,760,192 (2023: £8,557,372).

13.	ULTIMATE CONTROLLING PARTY

Hell Beverages Limited is regarded by the directors as being the company's ultimate parent company, a company incorporated in Cyprus.

The registered office address: 34, Mikonou 2480, Cyprus

Publicly available financial statements are available on the Registrar of Companies and Intellectual Property. (Cyprus company register)