ACCOUNTS - Final Accounts

Cash and cash equivalents

UNISERVE DRINKS LOGISTICS LIMITED - Company Information

Caseware UK (AP4) 2021.0.152 2021.0.152 2021-12-312021-12-312020-07-01truetruetruetruetrue0trueNo description of principal activity0truetrue 01240152 2020-07-01 2021-12-31 01240152 2019-04-01 2020-06-30 01240152 2021-12-31 01240152 2020-06-30 01240152 c:Director1 2020-07-01 2021-12-31 01240152 d:CurrentFinancialInstruments 2021-12-31 01240152 d:CurrentFinancialInstruments 2020-06-30 01240152 d:CurrentFinancialInstruments d:WithinOneYear 2021-12-31 01240152 d:CurrentFinancialInstruments d:WithinOneYear 2020-06-30 01240152 d:ShareCapital 2021-12-31 01240152 d:ShareCapital 2020-06-30 01240152 d:CapitalRedemptionReserve 2020-07-01 2021-12-31 01240152 d:CapitalRedemptionReserve 2021-12-31 01240152 d:CapitalRedemptionReserve 2020-06-30 01240152 d:RetainedEarningsAccumulatedLosses 2020-07-01 2021-12-31 01240152 d:RetainedEarningsAccumulatedLosses 2021-12-31 01240152 d:RetainedEarningsAccumulatedLosses 2020-06-30 01240152 c:OrdinaryShareClass1 2020-07-01 2021-12-31 01240152 c:OrdinaryShareClass1 2021-12-31 01240152 c:OrdinaryShareClass1 2020-06-30 01240152 c:EntityNoLongerTradingButTradedInPast 2020-07-01 2021-12-31 01240152 c:FRS102 2020-07-01 2021-12-31 01240152 c:Audited 2020-07-01 2021-12-31 01240152 c:FullAccounts 2020-07-01 2021-12-31 01240152 c:PrivateLimitedCompanyLtd 2020-07-01 2021-12-31 01240152 c:SmallCompaniesRegimeForAccounts 2020-07-01 2021-12-31 01240152 6 2020-07-01 2021-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 01240152

UNISERVE DRINKS LOGISTICS LIMITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 DECEMBER 2021

UNISERVE DRINKS LOGISTICS LIMITED

REGISTERED NUMBER: 01240152

BALANCE SHEET

AS AT 31 DECEMBER 2021

	31 December	31 December	30 June	30 June
	2021	2021	2020	2020
Note	£	£	£	£


Current assets
Debtors: amounts falling due within one year	3	21,844		273,101
Cash at bank and in hand	4	49,826		59,003
		71,670		332,104
Creditors: amounts falling due within one year	5	(771,148)		(1,031,582)
Net current liabilities			(699,478)		(699,478)
Total assets less current liabilities			(699,478)		(699,478)

Net liabilities			(699,478)		(699,478)

Capital and reserves
Called up share capital	6	30,000	30,000
Capital redemption reserve	7	(976)	(976)
Profit and loss account	7	(728,502)	(728,502)
		(699,478)	(699,478)

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 23 September 2022.

I R Liddell

Director

The notes on pages 2 to 5 form part of these financial statements.

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UNISERVE DRINKS LOGISTICS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2021

1.	General information

Uniserve Drinks Logistics Limited is a private company, limited by shares and incorporated in England and Wales, United Kingdom, with a registration number 01240152. The address of the registered office is Upminster Court, 133 Hall Lane, Upminster, Essex, RM14 1AL.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

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

2.2

Financial reporting standard 102 - reduced disclosure exemptions

The company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by the FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

∙the requirements of Section 7 Statement of Cash Flows;

∙the requirements of Section 3 Financial Statement Presentation paragraph 3.17(d);

∙the requirements of Section 11 Financial Instruments paragraphs 11.42, 11.44 to 11.45, 11.47, 11.48(a)(iii), 11.48(a)(iv), 11.48(b) and 11.48(c);

∙the requirements of Section 12 Other Financial Instruments paragraphs 12.26 to 12.27, 12.29(a), 12.29(b) and 12.29A;

∙the requirements of Section 33 Related Party Disclosures paragraph 33.7.

This information is included in the consolidated financial statements of GB Europe Holdings Limited as at 31 December 2021 and these financial statements may be obtained from Companies House.

2.3

Going concern

The company has not traded during the year and has a net liability position as at 31 December 2021 of £699,478. The directors have been pledged financial support from the Group and believe that based on this it is appropriate to prepare the accounts on the going concern basis.

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UNISERVE DRINKS LOGISTICS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2021

2.Accounting policies (continued)

2.4

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Comprehensive Income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

2.5

Valuation of investments

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of Comprehensive Income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.7

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.8

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

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UNISERVE DRINKS LOGISTICS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2021

Debtors

					31 December	30 June
					2021	2020
					£	£


Trade debtors	-	354
Amounts owed by group undertakings	21,844	272,747
	21,844	273,101

Cash at bank and in hand	49,826	59,003
	49,826	59,003

Trade creditors	-	289,628
Amounts owed to group undertakings	771,148	741,954
	771,148	1,031,582

Allotted, called up and fully paid

30,000 (2020 - 30,000) Ordinary shares of £1.00 each	30,000	30,000

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UNISERVE DRINKS LOGISTICS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2021

Reserves

Capital redemption reserve

The capital redemption reserve account represents non distributable reserves arising on the repurchase of the company's own shares.

Profit and loss account

The profit and loss account represents cumulative profits and losses net of dividends and other
adjustments.

8.	Related party transactions
	The Company has taken advantage of the exemptions conferred in FRS 102 Section 33 not to disclose transactions with other group companies where 100% of the voting rights are controlled within the group.

9.	Controlling party

The immediate UK parent company is Wilgo Freight Holdings Limited, a company incorporated in England and Wales.
The ultimate parent company is GB Global Holdco. Pte. Ltd., a company incorporated in Singapore.
The UK parent undertaking for which consolidated accounts are prepared is GB Europe Holdings Limited. These consolidated accounts may be obtained from the Companies House website.
The ultimate controlling party is Mr I R Liddell by virtue of his shareholding in the ultimate parent company.

10.	Auditors' information

The auditors' report on the financial statements for the period ended 31 December 2021 was unqualified.

The audit report was signed on 23 September 2022 by Charalambos Patsalides (Senior Statutory Auditor) on behalf of Haslers.

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