Company No: 13122500 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2026		2025
		£		£
Fixed assets
Intangible assets	3	111,223		132,971
Tangible assets	4	6,338		11,424
Investments	5	852,593		852,593
		970,154		996,988
Current assets
Stocks		364,700		231,390
Debtors
- due within one year	6	2,253,447		2,128,311
- due after more than one year	6	126,903		44,914
Cash at bank and in hand	7	184,808		951,140
		2,929,858		3,355,755
Creditors: amounts falling due within one year	8	( 89,890)		( 472,481)
Net current assets		2,839,968		2,883,274
Total assets less current liabilities		3,810,122		3,880,262
Creditors: amounts falling due after more than one year	9	( 125,746)		0
Net assets		3,684,376		3,880,262
Capital and reserves
Called-up share capital	10	643,710		607,888
Share premium account	12	5,147,625		4,381,614
Profit and loss account		( 2,106,959 )		( 1,109,240 )
Total shareholders' funds		3,684,376		3,880,262

For the financial year ending 31 March 2026 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Island Beverages (UK) Limited (registered number: 13122500) were approved and authorised for issue by the Board of Directors. They were signed on its behalf by:

J A Dauman Director

27 August 2026

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Island Beverages (UK) Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Lytchett House, 13 Freeland Park, Wareham Road, Poole, BH16 6FA, England, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Profit and Loss Account in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Other intangible assets

10 years straight line

Trademarks, patents and licences

Separately acquired patents and trademarks are included at cost and amortised in equal annual instalments over a period of 10 years which is their estimated useful economic life. Provision is made for any impairment.

Other intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Office equipment	1 - 5 years straight line
Computer equipment	3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

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.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

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.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, 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.

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

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.

2. Employees

	2026		2025
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	6		6

3. Intangible assets

	Other intangible assets		Total
	£		£
Cost
At 01 April 2025	220,451		220,451
Additions	305		305
At 31 March 2026	220,756		220,756
Accumulated amortisation
At 01 April 2025	87,480		87,480
Charge for the financial year	22,053		22,053
At 31 March 2026	109,533		109,533
Net book value
At 31 March 2026	111,223		111,223
At 31 March 2025	132,971		132,971

4. Tangible assets

	Office equipment		Computer equipment		Total
	£		£		£
Cost
At 01 April 2025	11,678		4,159		15,837
Additions	0		67		67
At 31 March 2026	11,678		4,226		15,904
Accumulated depreciation
At 01 April 2025	2,658		1,755		4,413
Charge for the financial year	3,935		1,218		5,153
At 31 March 2026	6,593		2,973		9,566
Net book value
At 31 March 2026	5,085		1,253		6,338
At 31 March 2025	9,020		2,404		11,424

5. Fixed asset investments

	Other investments		Total
	£		£
Cost or valuation before impairment
At 01 April 2025	852,593		852,593
At 31 March 2026	852,593		852,593
Carrying value at 31 March 2026	852,593		852,593
Carrying value at 31 March 2025	852,593		852,593

6. Debtors

	2026		2025
	£		£
Debtors: amounts falling due within one year
Trade debtors	177,743		190,430
Prepayments	244,911		174,348
VAT recoverable	1,281		357
Other debtors	1,829,512		1,763,176
	2,253,447		2,128,311
Debtors: amounts falling due after more than one year
Other debtors	126,903		44,914

7. Cash and cash equivalents

	2026		2025
	£		£
Cash at bank and in hand	184,808		951,140

8. Creditors: amounts falling due within one year

	2026		2025
	£		£
Trade creditors	87,160		78,804
Other creditors	2,730		393,677
	89,890		472,481

9. Creditors: amounts falling due after more than one year

	2026		2025
	£		£
Other creditors	125,746		0

There are no amounts included above in respect of which any security has been given by the small entity.

10. Called-up share capital

	2026		2025
	£		£
Allotted, called-up and fully-paid
643,710 Ordinary shares of £ 1.00 each (2025: 607,888 shares of £ 1.00 each)	643,710		607,888

In the financial year 2026 class Ordinary shares were allotted with an aggregate nominal value of £35822.0 and consideration of £801,834 was received.

11. Related party transactions

Other related party transactions

The company has taken exemption under Section 33.1A of FRS 102 from disclosing related party transactions between two or more 100% members of the same group.

12. Share premium account

This reserve records the amount above the nominal value received for shares issued.