REGISTERED NUMBER: 04826839 (England)

Unaudited Financial Statements

for the Period

1st January 2024 to 31st March 2025

for

OSA Fine Spirits Ltd

Page

Abridged Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Intangible assets

5

36,567

46,438

Tangible assets

6

340,947

358,041

Investments

7

11,147

11,147

388,661

415,626

CURRENT ASSETS

Stocks

257,414

402,159

Debtors

382,259

791,160

Cash at bank and in hand

11,038

2,798

650,711

1,196,117

CREDITORS

Amounts falling due within one year

825,712

1,201,105

NET CURRENT LIABILITIES

(175,001

)

(4,988

)

TOTAL ASSETS LESS CURRENT LIABILITIES

213,660

410,638

CREDITORS

Amounts falling due after more than one year

-

(118,170

)

PROVISIONS FOR LIABILITIES

-

(425

)

NET ASSETS

213,660

292,043

CAPITAL AND RESERVES

Called up share capital

450

450

Share premium

591,252

591,252

Retained earnings

(378,042

)

(299,659

)

SHAREHOLDERS' FUNDS

213,660

292,043

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31st March 2025 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.

All the members have consented to the preparation of an abridged Balance Sheet for the period ended 31st March 2025 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Profit and loss accounts has not been delivered.

The financial statements were approved by the director and authorised for issue on 23rd December 2025 and were signed by:

Mr R D Gorton - Director

1.	STATUTORY INFORMATION

OSA Fine Spirits Ltd is a private company, limited by shares , registered in England. The company's registered number and registered office address are as below:

Registered number:

04826839

Registered office:

Unit E1

Chaucer Business Park

Watery Lane, Kemsing

Sevenoaks

TN15 6YP

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

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Revenue recognition

Sales comprise the fair value of the consideration received or receivable for the sale of goods in the ordinary course of the company's activities. Sales are presented, net of value-added tax, rebates and discounts. The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and when specific criteria have been met for each of the company's activities as follows:

Revenue from the sale of services is recognised at the point at which those services have been provided to the customer. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2005, has now been fully amortised.

Intangible assets

Trademarks

The products only sell because of the associations created by the brand name worldwide. Trademarks are valued in accordance with the costs to establish and maintain them.

Trademarks are being amortised evenly over their estimated useful life of 10 years.

Tangible fixed assets

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

Development costs

-

25% on reducing balance

Plant and machinery

-

10% on reducing balance

Fixtures and fittings

-

10% on reducing balance

Computer equipment

-

33% on cost

Stocks and work in progress

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs bringing stocks to their present location and condition.

Work in progress is valued at the lower of cost and net realisable value. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and loans from fellow group companies are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, such as the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the profit and loss.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit and loss accounts, 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.

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.

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 3 (2023 - 2 ) .

5.	INTANGIBLE FIXED ASSETS

Totals

£

COST OR VALUATION

At 1st January 2024

106,707

Additions

294

At 31st March 2025

107,001

AMORTISATION

At 1st January 2024

60,269

Amortisation for period

10,165

At 31st March 2025

70,434

NET BOOK VALUE

At 31st March 2025

36,567

At 31st December 2023

46,438

Cost or valuation at 31st March 2025 is represented by:

Totals

£

Valuation in 2013

30,892

Valuation in 2015

1,966

Valuation in 2016

55,604

Valuation in 2017

62,658

Valuation in 2018

91,931

Valuation in 2020

108,689

Valuation in 2021

(351,741

)

Cost

107,002

107,001

6.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1st January 2024

and 31st March 2025

630,678

DEPRECIATION

At 1st January 2024

272,637

Charge for period

17,094

At 31st March 2025

289,731

NET BOOK VALUE

At 31st March 2025

340,947

At 31st December 2023

358,041

7.	FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:

2025

2023

£

£

Brought forward

11,147

11,147

8.	GOING CONCERN

Management have assessed the company's ability to continue as a going concern. Assurance has been sought from the director that they will continue to support the company and they have agreed not to demand repayment of the loan until the situation is resolved. Therefore, the company remains a going concern.