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REGISTERED NUMBER: OC392703 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Charnwood Brewery LLP

Charnwood Brewery LLP (Registered number: OC392703)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 7

Charnwood Brewery LLP

General Information
for the Year Ended 31 March 2023







DESIGNATED MEMBERS: Mr A M Reed
Mrs A Reed





REGISTERED OFFICE: 22 Jubilee Drive
Loughborough
Leicestershire
LE11 5XS





REGISTERED NUMBER: OC392703 (England and Wales)





ACCOUNTANTS: Charnwood Accountants & Business Advisors LLP
The Point
Granite Way
Mountsorrel
Loughborough
Leicestershire
LE12 7TZ

Charnwood Brewery LLP (Registered number: OC392703)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 83,279 80,074

CURRENT ASSETS
Stocks 53,526 59,505
Debtors 5 62,130 49,144
Cash at bank 22,211 43,548
137,867 152,197
CREDITORS
Amounts falling due within one year 6 97,052 107,555
NET CURRENT ASSETS 40,815 44,642
TOTAL ASSETS LESS CURRENT
LIABILITIES

124,094

124,716

CREDITORS
Amounts falling due after more than one year 7 34,268 57,800
NET ASSETS ATTRIBUTABLE TO
MEMBERS

89,826

66,916

LOANS AND OTHER DEBTS DUE TO
MEMBERS

8

89,826

66,916

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 8 89,826 66,916

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 31 March 2023.

The members acknowledge their responsibilities for:
(a)ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the LLP 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 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

Charnwood Brewery LLP (Registered number: OC392703)

Balance Sheet - continued
31 March 2023


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

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 27 September 2023 and were signed by:




Mr A M Reed - Designated member




Mrs A Reed - Designated member


Charnwood Brewery LLP (Registered number: OC392703)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Charnwood Brewery LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General 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 requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% on cost
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance

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

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 LLP operates a defined contribution pension scheme. Contributions payable to the LLP's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEE INFORMATION

The average number of employees during the year was 6 (2022 - 4 ) .

Charnwood Brewery LLP (Registered number: OC392703)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 April 2022 33,066 130,188 63,090 51,275 277,619
Additions - 4,284 2,059 28,500 34,843
Disposals - - - (21,675 ) (21,675 )
At 31 March 2023 33,066 134,472 65,149 58,100 290,787
DEPRECIATION
At 1 April 2022 24,220 99,450 50,366 23,509 197,545
Charge for year 3,307 6,709 2,822 8,075 20,913
Eliminated on disposal - - - (10,950 ) (10,950 )
At 31 March 2023 27,527 106,159 53,188 20,634 207,508
NET BOOK VALUE
At 31 March 2023 5,539 28,313 11,961 37,466 83,279
At 31 March 2022 8,846 30,738 12,724 27,766 80,074

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 56,925 49,144
Other debtors 5,205 -
62,130 49,144

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors 24,114 25,593
Amounts owed to participating interests 11,367 11,206
Taxation and social security 37,610 35,050
Other creditors 23,961 35,706
97,052 107,555

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Bank loans 34,268 57,800

Charnwood Brewery LLP (Registered number: OC392703)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

8. LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members (other than members' capital classified as debt) would rank in line with other creditors.

9. ULTIMATE CONTROLLING PARTY

The controlling party is Mr A M & Mrs A Reed.

Chartered Certified Accountants' Report to the Members
on the Unaudited Financial Statements of
Charnwood Brewery LLP

The following reproduces the text of the report prepared for the members in respect of the LLP's annual unaudited financial statements. In accordance with the Companies Act 2006, the LLP is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Members are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, we have prepared for your approval the financial statements of Charnwood Brewery LLP for the year ended 31 March 2023 which comprise the Income Statement, Balance Sheet and the related notes from the LLP's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the members of Charnwood Brewery LLP, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Charnwood Brewery LLP and state those matters that we have agreed to state to the members of Charnwood Brewery LLP, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the LLP and its members, as a body, for our work or for this report.

It is your duty to ensure that Charnwood Brewery LLP has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Charnwood Brewery LLP. You consider that Charnwood Brewery LLP is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Charnwood Brewery LLP. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Charnwood Accountants & Business Advisors LLP
The Point
Granite Way
Mountsorrel
Loughborough
Leicestershire
LE12 7TZ


27 September 2023