COMPANY REGISTRATION NUMBER:
03942541
|
THE FANCY LIQUOR CO LIMITED |
|
|
FILLETED UNAUDITED FINANCIAL STATEMENTS |
|
|
THE FANCY LIQUOR CO LIMITED |
|
|
STATEMENT OF FINANCIAL POSITION |
|
31 March 2025
Fixed assets
Current assets
|
Debtors |
5 |
5,241,194 |
|
5,241,194 |
|
|
|
|
|
|
Creditors: amounts falling due within one year |
6 |
41,232 |
|
41,232 |
|
------------- |
|
------------- |
|
Net current assets |
|
5,199,962 |
5,199,962 |
|
|
------------- |
------------- |
|
Total assets less current liabilities |
|
5,200,164 |
5,200,164 |
|
|
------------- |
------------- |
|
|
|
|
|
Capital and reserves
|
Called up share capital |
|
306 |
306 |
|
Share premium account |
|
5,199,858 |
5,199,858 |
|
|
------------- |
------------- |
|
Shareholders funds |
|
5,200,164 |
5,200,164 |
|
|
------------- |
------------- |
|
|
|
|
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
-
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
These financial statements were approved by the
board of directors
and authorised for issue on
9 December 2025
, and are signed on behalf of the board by:
Company registration number:
03942541
|
THE FANCY LIQUOR CO LIMITED |
|
|
NOTES TO THE FINANCIAL STATEMENTS |
|
YEAR ENDED 31 MARCH 2025
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 168 Church Road, Hove, East Sussex, BN3 2DL, England.
2.
Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
No material uncertainties that may cast significant doubt about the ability of the company to continue as a going concern have been identified by the directors.
Consolidation
The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Investments in associates
Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in associates accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4.
Investments
|
Shares in group undertakings |
|
£ |
|
Cost |
|
|
At 1 April 2024 and 31 March 2025 |
202 |
|
---- |
|
Impairment |
|
|
At 1 April 2024 and 31 March 2025 |
– |
|
---- |
|
|
|
Carrying amount |
|
|
At 31 March 2025 |
202 |
|
---- |
|
At 31 March 2024 |
202 |
|
---- |
|
|
5.
Debtors
|
2025 |
2024 |
|
£ |
£ |
|
Amounts owed by group undertakings and undertakings in which the company has a participating interest |
5,241,194 |
5,241,194 |
|
------------- |
------------- |
|
|
|
6.
Creditors:
amounts falling due within one year
|
2025 |
2024 |
|
£ |
£ |
|
Other creditors |
41,232 |
41,232 |
|
--------- |
--------- |
|
|
|
7.
Related party transactions
The company had taken advantage of the exemption of FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' (section 33), not to disclose related party transactions and balances with wholly owned subsidiaries within the group.