Fuel Juice Midco Limited - Accounts to registrar (filleted) - small 18.2

Fuel Juice Midco Limited - Accounts to registrar (filleted) - small 18.2

FUEL JUICE MIDCO LIMITED - Company Information

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REGISTERED NUMBER: SC434153 (Scotland)















Financial Statements For The Period 1 October 2016 to 31 March 2018

for

Fuel Juice Midco Limited
Fuel Juice Midco Limited (Registered number: SC434153)






Contents of the Financial Statements
For The Period 1 October 2016 to 31 March 2018




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Fuel Juice Midco Limited

Company Information
For The Period 1 October 2016 to 31 March 2018







DIRECTORS: E J Weston
H Standen





REGISTERED OFFICE: Regent Court
70 West Regent Street
Glasgow
G2 2QZ





REGISTERED NUMBER: SC434153 (Scotland)





AUDITORS: Robb Ferguson
Chartered Accountants & Statutory Auditors
Regent Court
70 West Regent Street
Glasgow
G2 2QZ
Page 1
Fuel Juice Midco Limited (Registered number: SC434153)

Statement of Financial Position
31 March 2018

2018 2016
Notes £    £    £    £   
FIXED ASSETS
Investments 3 75,251 75,251

CURRENT ASSETS
Debtors 4 5,639,977 6,273,073

CREDITORS
Amounts falling due within one year 5 198,777 1,084,231
NET CURRENT ASSETS 5,441,200 5,188,842
TOTAL ASSETS LESS CURRENT
LIABILITIES
5,516,451
5,264,093

CREDITORS
Amounts falling due after more than one
year
6
5,277,343
5,262,936
NET ASSETS 239,108 1,157

CAPITAL AND RESERVES
Called up share capital 75,251 75,251
Retained earnings 163,857 (74,094 )
SHAREHOLDERS' FUNDS 239,108 1,157

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors on 21 December 2018 and were signed on its behalf
by:





H Standen - Director


The notes form part of these financial statements

Page 2
Fuel Juice Midco Limited (Registered number: SC434153)

Notes to the Financial Statements
For The Period 1 October 2016 to 31 March 2018

1. STATUTORY INFORMATION

Fuel Juice Midco Limited is a private company, limited by shares , registered in Scotland. The company's
registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

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

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 FRS102 "The Financial Reporting Standard applicable in the UK and Republic of
Ireland":

- the requirement of Section 33 Related Party Disclosures paragraph 33.7.

Fixed asset investments
Investments are measured at cost less impairment as fair value cannot be reliably measured without undue cost or
effort.

Financial instruments
Financial instruments are included on the statement of financial position in respect of loan notes which have been
issued by Fuel Juice Bidco Limited and issued to Fuel Juice Topco Limited, Kings Park Capital 1 LP A and
Kings Park Capital 1 LP B, Kings Park Capital (Jersey) Topco Limited. They are recognised at the value of
proceeds received and paid less direct issue costs. Interest is recognised in the statement of comprehensive
income on an accruals basis.

3. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 October 2016
and 31 March 2018 75,251
NET BOOK VALUE
At 31 March 2018 75,251
At 30 September 2016 75,251

The company's investments at the Statement of Financial Position date in the share capital of companies include
the following:

Fuel Juice Bidco Limited
Registered office: Regent Court, 70 West Regent Street, Glasgow, Scotland, G2 2QZ
Nature of business: A head office company
%
Class of shares: holding
Ordinary 100.00

Page 3 continued...
Fuel Juice Midco Limited (Registered number: SC434153)

Notes to the Financial Statements - continued
For The Period 1 October 2016 to 31 March 2018

4. DEBTORS
2018 2016
£    £   
Amounts falling due within one year:
Other debtors 3,967,556 3,841,502
Prepayments and accrued income 183 1,740
3,967,739 3,843,242

Amounts falling due after more than one year:
Loan notes 1,672,238 1,672,238
Accrued income - 757,593
1,672,238 2,429,831

Aggregate amounts 5,639,977 6,273,073

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2016
£    £   
Other creditors 197,587 42,000
Accrued expenses 1,190 1,042,231
198,777 1,084,231

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2018 2016
£    £   
Loan notes 5,277,343 4,505,343
Accruals - 757,593
5,277,343 5,262,936

Page 4 continued...
Fuel Juice Midco Limited (Registered number: SC434153)

Notes to the Financial Statements - continued
For The Period 1 October 2016 to 31 March 2018

7. FINANCIAL INSTRUMENTS

On 21 December 2012, the company issued £1,672,238 of 2027 unsecured 12% loan notes. Interest payable on
these loan notes has been written off in the period. At the period end, all of these loan notes were held by Fuel
Juice Topco Limited, the 100% shareholder of the company.

On 21 December 2012, the company issued a separate, £2,433,105 of 2027 unsecured 12% loan notes. Interest
payable on these loan notes has been written off in the period. At the period end, the loan notes were held by
Kings Park Capital 1 LP A and Kings Park Capital 1 LP B, investors in the group.

On 21 December 2012, the company purchased £1,672,238 of 2027 unsecured 12% loan notes. Interest payable
on these loan notes has been written off in the period. At the period end, all of these loan notes were due by Fuel
Juice Bidco Limited, a 100% subsidiary of the company.

On 28 January 2016, the company issued £400,000 of 2027 unsecured 12% loan notes. Interest payable on these
loan notes has been written off in the period. At the period end, the loan notes were held by Kings Park Capital
(Jersey) Topco Limited, the ultimate parent company.

On 19 December 2016, the company issued £200,000 of 2027 unsecured 12% loan notes. Interest payable on
these loan notes has been written off in the period. At the period end, the loan notes were held by Kings Park
Capital (Jersey) Topco Limited, the ultimate parent company.

On 21 February 2017, the company issued £100,000 of 2027 unsecured 12% loan notes. Interest payable on
these loan notes has been written off in the period. At the period end, the loan notes were held by Kings Park
Capital (Jersey) Topco Limited, the ultimate parent company.

On 22 March 2017, the company issued £472,000 of 2027 unsecured 12% loan notes. Interest payable on these
loan notes has been written off in the period. At the period end, the loan notes were held by Kings Park Capital
(Jersey) Topco Limited, the ultimate parent company.

8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Janice Alexander (Senior Statutory Auditor)
for and on behalf of Robb Ferguson

9. CONTINGENT LIABILITIES

A composite guarantee exists between the company and Fuel Juice Bars Limited. The liability at 31 March 2018
is £250,817 (September 2016 - £722,487). Santander UK plc also hold a floating charge over the all the
property or undertaking of the company.

10. ULTIMATE CONTROLLING PARTY

The company's immediate parent undertaking is Fuel Juice Topco Limited and the ultimate parent company is
Kings Park Capital (Jersey) Topco Limited. The immediate group which the company is included within
consolidated accounts of is Fuel Juice Topco Limited.

Page 5