REGISTERED NUMBER: 09338013 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

FESTINA DRINKS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R Gorst

Mrs G Gorst

SECRETARY:

R Gorst

REGISTERED OFFICE:

44 Mortimer Lane

Fair Oak

Eastleigh

Hampshire

SO50 7BD

REGISTERED NUMBER:

09338013 (England and Wales)

ACCOUNTANTS:

David Shores & Co Ltd

36a Station Road

New Milton

Hampshire

BH25 6JX

FIXED ASSETS

Intangible assets

4

9,946

12,349

Tangible assets

5

170,048

178,740

179,994

191,089

CURRENT ASSETS

Stocks

106,321

79,967

Debtors

6

317,353

299,385

Cash at bank and in hand

219,159

252,571

642,833

631,923

CREDITORS

Amounts falling due within one year

7

507,312

414,664

NET CURRENT ASSETS

135,521

217,259

TOTAL ASSETS LESS CURRENT LIABILITIES

315,515

408,348

CREDITORS

Amounts falling due after more than one year

8

(46,689

)

(61,249

)

PROVISIONS FOR LIABILITIES

(42,512

)

(44,495

)

NET ASSETS

226,314

302,604

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

226,214

302,504

SHAREHOLDERS' FUNDS

226,314

302,604

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 21 September 2026 and were signed on its behalf by:

R Gorst - Director

1.	STATUTORY INFORMATION

Festina Drinks 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.

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.

Turnover

Turnover represents amounts receivable for goods net of VAT and trade discounts.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the cost incurred or to be incurred in respect of the transaction can be measured reliably.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of businesses in 2018 and 2022, is being amorised evenly over the estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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

-

15% on cost

Fixtures and fittings

-

25% on cost

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on cost

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 the profit and loss account.

Stocks

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

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities and include trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties.

Financial assets 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 income statement.

Basic financial liabilities are initially measured at transaction price and subsequently measured at amortised cost, being the transaction price less any amounts settled.

Taxation

Taxation for the year comprises current and deferred 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 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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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.

Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

Provisions

Provisions (i.e. liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

Government grants accounting policy

Revenue grants are recognised on an accrual's basis over the periods in which the company recognises the related costs.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2024 - 13 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2025

and 31 December 2025

24,030

AMORTISATION

At 1 January 2025

11,681

Amortisation for year

2,403

At 31 December 2025

14,084

NET BOOK VALUE

At 31 December 2025

9,946

At 31 December 2024

12,349

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 January 2025

704,613

2,572

123,550

1,789

832,524

Additions

18,055

-

43,453

-

61,508

Disposals

-

-

(13,495

)

-

(13,495

)

At 31 December 2025

722,668

2,572

153,508

1,789

880,537

DEPRECIATION

At 1 January 2025

576,177

2,572

73,246

1,789

653,784

Charge for year

50,800

-

17,232

-

68,032

Eliminated on disposal

-

-

(11,327

)

-

(11,327

)

At 31 December 2025

626,977

2,572

79,151

1,789

710,489

NET BOOK VALUE

At 31 December 2025

95,691

-

74,357

-

170,048

At 31 December 2024

128,436

-

50,304

-

178,740

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

311,431

295,692

Other debtors

5,922

3,693

317,353

299,385

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

31,454

40,326

Hire purchase contracts

21,134

12,052

Trade creditors

314,901

227,114

Taxation and social security

61,832

106,194

Other creditors

77,991

28,978

507,312

414,664

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

4,633

36,030

Hire purchase contracts

42,056

25,219

46,689

61,249

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

36,087

76,356

The bank loan and overdrafts are secured by way of a fixed and floating charge over the company's assets. The Hire Purchase creditors are secured by the assets being purchased with the loans.

10.	RELATED PARTY DISCLOSURES

At the year end, the company owed an amount of £65,577 (2024: £17,488) to the directors of the company. The loan is provided interest free and is unsecured. There are no formal terms and conditions regarding repayment of the loan.