REGISTERED NUMBER: 05583574 (England and Wales)

OMG Beverages Limited

Unaudited Financial Statements for the Year Ended 31 December 2024

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

J Cheema

REGISTERED OFFICE:

Unit 6, Lakeside Business Park

Neptune Close

Medway City Estate

Rochester

Kent

ME2 4LT

REGISTERED NUMBER:

05583574 (England and Wales)

ACCOUNTANTS:

Aggarwal & Co

Chartered Accountants

5 London Road

Rainham

Gillingham

Kent

ME8 7RG

CURRENT ASSETS

Inventories

248,064

257,230

Debtors

5

18,285

207,736

Cash at bank

412,433

156,226

678,782

621,192

CREDITORS

Amounts falling due within one year

6

375,699

330,775

NET CURRENT ASSETS

303,083

290,417

TOTAL ASSETS LESS CURRENT LIABILITIES

303,083

290,417

CREDITORS

Amounts falling due after more than one year

7

63,390

97,318

NET ASSETS

239,693

193,099

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

239,593

192,999

SHAREHOLDERS' FUNDS

239,693

193,099

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

The members have not required the company to obtain an audit of its financial statements for the year 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 5 September 2025 and were signed by:

J Cheema - Director

1.	STATUTORY INFORMATION

OMG Beverages 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.

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.

Patents and licences

Trademarks acquired have finite useful lives and are carried at cost less any accumulated amortisation.

Amortisation is calculated using the straight line method to allocate the cost of trademarks over their estimated useful lives of 5 years.

Digital assets

Digital assets are treated as intangible assets, accounted for under the revaluation model using it’s fair value. This is on the basis that there is an active market for the transfer and sale of the digital assets that the company holds. Digital assets are priced on a daily basis, and that is considered to be their fair value. Upon initial recognition and the receipt of digital assets, they are recorded at fair value using the quoted price of those assets. Subsequent measurement is accounted for as follows: an increase in fair value is recorded first through Profit or Loss in respect of any previous impairment recognised being reversed, with any further gains being recognised through Other Comprehensive Income. A decrease in fair value is recorded first through Other Comprehensive Income in respect of any previous gains recognised being reversed, with any further impairment being recognised through Profit or Loss.

Inventories

Inventories are measured at the lower of cost and estimated selling price less costs to complete and sell.

Financial instruments

Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in the income statement. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in the income statement.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 January 2024

and 31 December 2024

7,334

AMORTISATION

At 1 January 2024

and 31 December 2024

7,334

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

-

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

-

137,350

Other debtors

18,285

70,386

18,285

207,736

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

33,928

29,873

Trade creditors

311,208

257,211

Taxation and social security

21,935

41,742

Other creditors

8,628

1,949

375,699

330,775

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

63,390

97,318

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

2024

2023

£

£

J Cheema

Balance outstanding at start of year

49,988

7,736

Amounts advanced

-

77,852

Amounts repaid

(49,988

)

(35,600

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

49,988