REGISTERED NUMBER: 08451776 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

THE WESTBOURNE DRINKS COMPANY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Directors:

D L O Davidson

J Orr-Ewing

P N Wickman

E Wykes

G Frost

Registered office:

The Office Group 1 Lyric Square

C/O Addition Finance

London

W6 0NB

Registered number:

08451776 (England and Wales)

Accountants:

Cooper Parry Advisory Limited

Broadwalk House, 5th Floor

5 Appold Street

Broadgate

London

EC2A 2AG

Fixed assets

Tangible assets

4

16,259

4,657

Current assets

Stocks

550,906

730,793

Debtors

5

241,077

455,933

Cash at bank and in hand

199,708

98,822

991,691

1,285,548

Creditors

Amounts falling due within one year

6

229,032

609,258

Net current assets

762,659

676,290

Total assets less current liabilities

778,918

680,947

Creditors

Amounts falling due after more than one year

7

652,900

-

Net assets

126,018

680,947

Capital and reserves

Called up share capital

8

554

552

Share premium

5,572,760

5,469,364

Retained earnings

(5,447,296

)

(4,788,969

)

Shareholders' funds

126,018

680,947

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 May 2026 and were signed on its behalf by:

J Orr-Ewing - Director

1.	Statutory information

The Westbourne Drinks Company 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.

Going concern

The financial statements have been prepared on the going concern basis. The company incurred losses during the year, however the directors believe that the company has sufficient financial resources to be able to meet its obligations, if and when, they become due and that the company can continue in operational existence for a period of at least 12 months from the statement of financial position date. On this basis, the directors are of the opinion that they should continue to adopt the going concern basis in preparing the annual financial statements.

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

-

Straight line over 5 years

Computer equipment

-

Straight line over 5 years

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

Taxation

Taxation for the year comprises of current tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current 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.

3.	Employees and directors

The average number of employees during the year was 7 (2024 - 7 ) .

4.	Tangible fixed assets

Plant and

Computer

machinery

equipment

Totals

£

£

£

Cost

At 1 April 2024

14,547

13,437

27,984

Additions

12,673

3,611

16,284

At 31 March 2025

27,220

17,048

44,268

Depreciation

At 1 April 2024

14,547

8,780

23,327

Charge for year

2,535

2,147

4,682

At 31 March 2025

17,082

10,927

28,009

Net book value

At 31 March 2025

10,138

6,121

16,259

At 31 March 2024

-

4,657

4,657

5.

Debtors: amounts falling due within one year

2025

2024

£

£

Trade debtors

187,686

352,892

Other debtors

53,391

103,041

241,077

455,933

6.

Creditors: amounts falling due within one year

2025

2024

£

£

Trade creditors

115,218

366,564

Taxation and social security

10,974

2,720

Other creditors

102,840

239,974

229,032

609,258

7.

Creditors: amounts falling due after more than one year

2025

2024

£

£

Other creditors

652,900

-

Included in other creditors is an amount of £652,900 relating to a convertible loan note. Interest is charged at 12% per annum, and the option for conversion is 36 months from the date of agreement.

8.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

5,546

Ordinary

£0.10

554

552

During the year 26 Ordinary £0.10 shares were introduced at a premium.