REGISTERED NUMBER: SC535115 (Scotland)

Unaudited Financial Statements for the Year Ended 31 May 2025

for

Drinks Innovation UK LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A J Hogan

Mrs H S McIver

REGISTERED OFFICE:

3 Royal Terrace

Falkland

Cupar

Fife

KY15 7AX

REGISTERED NUMBER:

SC535115 (Scotland)

ACCOUNTANTS:

McLay McAlister & McGibbon LLP

Chartered Accountants

145 St Vincent Street

Glasgow

G2 5JF

FIXED ASSETS

Tangible assets

4

1,359

1,812

Investment property

5

421,967

421,967

423,326

423,779

CURRENT ASSETS

Stocks

228,784

545,477

Debtors

6

182,757

1,304

Cash at bank

55,109

58,563

466,650

605,344

CREDITORS

Amounts falling due within one year

7

(23,659

)

(114,712

)

NET CURRENT ASSETS

442,991

490,632

TOTAL ASSETS LESS CURRENT LIABILITIES

866,317

914,411

CREDITORS

Amounts falling due after more than one year

8

(96,180

)

-

PROVISIONS FOR LIABILITIES

(340

)

(453

)

NET ASSETS

769,797

913,958

CAPITAL AND RESERVES

Called up share capital

10

10

Retained earnings

769,787

913,948

SHAREHOLDERS' FUNDS

769,797

913,958

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 2 December 2025 and were signed on its behalf by:

A J Hogan - Director

1.	STATUTORY INFORMATION

Drinks Innovation UK LTD is a private company, limited by shares , registered in Scotland. 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.

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 etc

-

25% on reducing balance

The company's policy is to review the remaining useful lives and residual value of all tangible fixed assets on an on-going basis and to adjust the depreciation charge to reflect the remaining useful economic life and residual value.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 June 2024

and 31 May 2025

5,630

DEPRECIATION

At 1 June 2024

3,818

Charge for year

453

At 31 May 2025

4,271

NET BOOK VALUE

At 31 May 2025

1,359

At 31 May 2024

1,812

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 June 2024

and 31 May 2025

421,967

NET BOOK VALUE

At 31 May 2025

421,967

At 31 May 2024

421,967

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.25

31.5.24

£

£

Trade debtors

12,036

(119

)

Other debtors

170,721

1,423

182,757

1,304

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.25

31.5.24

£

£

Bank loans and overdrafts

4,586

-

Trade creditors

9,298

8,077

Taxation and social security

5,049

103,543

Other creditors

4,726

3,092

23,659

114,712

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.5.25

31.5.24

£

£

Bank loans

96,180

-

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

74,664

-

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.5.25

31.5.24

£

£

Bank loans

100,766

-

The Bank of Scotland holds a standard security and floating charge over the company's assets.

10.	RELATED PARTY DISCLOSURES

Included within Other Creditors is a balance of £165 (2024: £193) owed to the directors at the balance sheet date.

This balance is interest free and repayable on demand.

During the year the company sold goods worth £166,400 to a company under common control.