DRINK SPACE LTD

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: 11031042

		2024		2023
	Notes	£	£	£	£
CURRENT ASSETS
Cash at bank and in hand		-		4,513

		-		4,513
Creditors: Amounts Falling Due Within One Year	4	(74,202 )		(77,863 )

NET CURRENT ASSETS (LIABILITIES)			(74,202 )		(73,350 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(74,202 )		(73,350 )

Creditors: Amounts Falling Due After More Than One Year	5		(11,265 )		(11,864 )

NET LIABILITIES			(85,467 )		(85,214 )

CAPITAL AND RESERVES
Called up share capital			2		2
Profit and Loss Account			(85,469 )		(85,216 )

SHAREHOLDERS' FUNDS			(85,467)		(85,214)

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DRINK SPACE LTD

Balance Sheet (continued)

As At 31 October 2024

For the year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Tim Robinson

Director

1 June 2026

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

DRINK SPACE LTD is a private company, limited by shares, incorporated in England & Wales, the registered number is 11031042 . The registered office is 20-22 Wenlock Road, London, N1 7GU.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

The directors believe the company to be a going concern and will continue to give their support to the company over the next 12 months.

2.3. 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 debtors and creditors are classified as basic financial instruments and are recognised at transaction price less any impairment. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Other debtors and creditors are measured at amortised cost using the effective interest rate method.

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. 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.

2.4. Taxation

The taxation expense represents the sum of the tax currently payable and deferred tax. Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax

Deferred tax has not been recognised as it is not material to the financial statements. The directors will review this annually.

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DRINK SPACE LTD

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2024

2.5. Not trading

The company did not trade throughout year ended 31 October 2024.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2023: 2)

4. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Bank loans and overdrafts	-	3,660
Amounts owed to group undertakings	72,156	72,157
Other creditors	2,046	2,046

	74,202	77,863

5. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Bank loans	11,265	11,864

6. Related Party Transactions

The amount due to the related party at the year end was £72,156 (2023 : £72,156).

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