Company registration number 07081009 (England and Wales)
FOOD + DRINK LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
FOOD + DRINK LIMITED
CONTENTS
Page
Balance sheet
1
Statement of changes in equity
2
Notes to the financial statements
3 - 7
FOOD + DRINK LIMITED
BALANCE SHEET
AS AT
31 MARCH 2025
31 March 2025
- 1 -
31 March 2025
30 December 2023
Notes
£
£
£
£
Fixed assets
Investments
2
50,001
50,000
Current assets
Debtors falling due after more than one year
4
745,999
750,000
Debtors falling due within one year
4
250
100
Cash at bank and in hand
2
23
746,251
750,123
Creditors: amounts falling due within one year
5
(56,709)
(50,740)
Net current assets
689,542
699,383
Net assets
739,543
749,383
Capital and reserves
Called up share capital
6
1,000
1,000
Share premium account
101,501
101,501
Profit and loss reserves
637,042
646,882
Total equity
739,543
749,383

For the financial period ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.

The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 11 August 2026
N J Harris
Director
Company registration number 07081009 (England and Wales)
FOOD + DRINK LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD ENDED 31 MARCH 2025
- 2 -
Called up share capital
Share premium account
Profit and loss reserves
Total
£
£
£
£
Balance at 31 December 2022
1,000
101,501
647,362
749,863
Year ended 30 December 2023:
Loss and total comprehensive expense
-
-
(480)
(480)
Balance at 30 December 2023
1,000
101,501
646,882
749,383
Period ended 31 March 2025:
Loss and total comprehensive expense
-
-
(9,840)
(9,840)
Balance at 31 March 2025
1,000
101,501
637,042
739,543
FOOD + DRINK LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2025
- 3 -
1
Accounting policies
Company information

Food + Drink Limited (the "company") is a private company limited by shares and incorporated in England and Wales. The registered office is The Shed, Charbridge Lane, Bicester, OX26 4SS.

1.1
Reporting period

For strategic reasons, the accounting reference date of the company has been extended from 31 December to 31 March. The comparative financial statements covered the year ended 31 December 2023. These financial statements cover the 15 month period ended 31 March 2025. Therefore, the figures presented in these financial statements and accompanying notes are not entirely comparable.

1.2
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.

1.3
Going concern

The company is a holding company and the investment of the company is forecast to make profit in the future. As a consequence, the director believe s that the company is well placed to manage its business risks successfully and continue in operational existence for the foreseeable future. Thus, they continue to adopt the going concern basis of accounting in preparing the financial statements.

1.4
Fixed asset investments

Interests in subsidiaries and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.

1.5
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks.

FOOD + DRINK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 4 -
1.6
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include other debtors, amounts owed by group undertakings 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.

Impairment of financial assets

Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to 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.

Basic financial liabilities

Basic financial liabilities, including other creditors, 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 paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

FOOD + DRINK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 5 -
Derecognition of financial liabilities

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

1.7
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

2
Fixed asset investments
March
December
2025
2023
£
£
Shares in group undertakings and participating interests
50,001
50,000
Movements in fixed asset investments
Shares in group undertakings
£
Cost
At 31 December 2023
50,000
Additions
1
At 31 March 2025
50,001
Carrying amount
At 31 March 2025
50,001
At 30 December 2023
50,000

On 30 August 2024, the company acquired the remaining 50% of the issued share capital in The Menu Makers Services Limited, resulting in the investment becoming a subsidiary.

3
Subsidiaries

Details of the company's subsidiar y at 31 March 2025 is as follows:

Name of undertaking
Address
Class of
% Held
shares held
Direct
The Menu Makers Services Limited (formerly Fabulous Fan Fayre Limited)
1)
Ordinary
100.00

Registered office address:

1)
The Shed, Charbridge Lane, Bicester, Oxfordshire, England, OX26 4SS
FOOD + DRINK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 MARCH 2025
3
Subsidiaries
(Continued)
- 6 -

During the year ended 31 December 2023, the company held 50% of the issued share capital in the company The Menu Makers Services Limited (formerly Fabulous Fan Fayre Limited) and hence the investment was recognised as a joint venture at 31 December 2023.

On 30 August 2024, the company acquired the remaining 50% of the issued share capital in The Menu Makers Services Limited, therefore resulting in the investment becoming a subsidiary.

4
Debtors
March
December
2025
2023
Amounts falling due within one year:
£
£
Corporation tax recoverable
-
0
100
Other debtors
250
-
0
250
100
March
December
2025
2023
Amounts falling due after more than one year:
£
£
Amounts owed by group undertakings
745,999
750,000
Total debtors
746,249
750,100
5
Creditors: amounts falling due within one year
March
December
2025
2023
£
£
Amounts owed to related parties
56,709
50,740
6
Called up share capital
March
December
March
December
2025
2023
2025
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
NJH Ordinary shares of £1 each
900
900
900
900
A Ordinary shares of £1 each
100
100
100
100
1,000
1,000
1,000
1,000
FOOD + DRINK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 MARCH 2025
- 7 -
7
Related party transactions
Transactions with related parties

The company has taken advantage of the exemptions provided by Section 1AC.35 of FRS 102, not to disclose related party transactions and outstanding balances with members of its wholly owned group.

During the period, the company entered into the following transactions with related parties:

The following amounts were outstanding at the reporting date:

March
December
2025
2023
Amounts due to related parties
£
£
Companies under common control
56,709
50,740
March
December
2025
2023
Amounts due from related parties
£
£
Entities over which the entity has control, joint control or significant influence
-
750,000
8
Parent company

The company is controlled by N J Harris and J Tanner by virtue of their shareholdings.

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