REGISTERED NUMBER: 09981101 (England and Wales)

Ibiza Rocks Brands Limited

Unaudited Financial Statements

for the Year Ended 31 December 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Director:

A C Mckay

Secretary:

B Doherty

Registered office:

3rd Floor

86 - 90 Paul Street

London

EC2A 4NE

Registered number:

09981101 (England and Wales)

Accountants:

Cooper Parry Advisory Limited

New Derwent House

69-73 Theobalds Road

London

WC1X 8TA

Fixed assets

Intangible assets

4

11,806

7,395

Current assets

Debtors

5

125,010

125,010

Cash at bank

649

200

125,659

125,210

Creditors

Amounts falling due within one year

6

151,365

141,375

Net current liabilities

(25,706

)

(16,165

)

Total assets less current liabilities

(13,900

)

(8,770

)

Capital and reserves

Called up share capital

7

100

100

Retained earnings

(14,000

)

(8,870

)

Shareholders' funds

(13,900

)

(8,770

)

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 29 September 2025 and were signed by:

A C Mckay - Director

1.	Statutory information

Ibiza Rocks Brands 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.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Intellectual property are being amortised evenly over their estimated useful life of ten years.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet 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.

Going concern

The company is dependent on the continued support of the director, who considers it appropriate to prepare the financial statements on a going concern basis.

3.	Employees and directors

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

4.	Intangible fixed assets

Intellectual

property

£

Cost

At 1 January 2024

10,460

Additions

6,063

At 31 December 2024

16,523

Amortisation

At 1 January 2024

3,065

Amortisation for year

1,652

At 31 December 2024

4,717

Net book value

At 31 December 2024

11,806

At 31 December 2023

7,395

5.

Debtors: amounts falling due within one year

2024

2023

£

£

Other debtors

125,010

125,010

6.

Creditors: amounts falling due within one year

2024

2023

£

£

Trade creditors

3,773

9,460

Other creditors

147,592

131,915

151,365

141,375

7.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

100

Ordinary

£1

100

100

8.	Related party disclosures

As at the year end £900 (2023: £900) was owed to the director.

Included within other creditors is £144,592 (2023: £129,664) owed to related companies.