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REGISTERED NUMBER: 03330811 (England and Wales)















HOBSONS BREWERY AND COMPANY LIMITED

Unaudited Financial Statements for the Year Ended 30 April 2023






HOBSONS BREWERY AND COMPANY LIMITED (REGISTERED NUMBER: 03330811)






Contents of the Financial Statements
for the year ended 30 April 2023




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3 to 4

Notes to the Financial Statements 5 to 9


HOBSONS BREWERY AND COMPANY LIMITED

Company Information
for the year ended 30 April 2023







Directors: N E J Davis
P B Churchward
M J Churchward
K Pearce





Registered office: First Floor
Saggar House
Princes Drive
Worcester
Worcestershire
WR1 2PG





Registered number: 03330811 (England and Wales)





Accountants: Haines Watts South East LLP
5 - 6 Greenfield Crescent
Edgbaston
Birmingham
B15 3BE

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Hobsons Brewery and Company Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company 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 Directors 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, we have prepared for your approval the financial statements of Hobsons Brewery and Company Limited for the year ended 30 April 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Hobsons Brewery and Company Limited, 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 Hobsons Brewery and Company Limited and state those matters that we have agreed to state to the Board of Directors of Hobsons Brewery and Company Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Hobsons Brewery and Company Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Hobsons Brewery and Company Limited 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 loss of Hobsons Brewery and Company Limited. You consider that Hobsons Brewery and Company Limited 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 Hobsons Brewery and Company Limited. 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.






Haines Watts South East LLP
5 - 6 Greenfield Crescent
Edgbaston
Birmingham
B15 3BE


31 October 2023

HOBSONS BREWERY AND COMPANY LIMITED (REGISTERED NUMBER: 03330811)

Balance Sheet
30 April 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Intangible assets 4 20,500 -
Tangible assets 5 943,002 793,189
Investments 6 95,094 115,594
1,058,596 908,783

Current assets
Stocks 7 263,886 230,465
Debtors 8 334,283 351,388
Cash at bank and in hand 273,684 509,602
871,853 1,091,455
Creditors
Amounts falling due within one year 9 250,515 247,523
Net current assets 621,338 843,932
Total assets less current liabilities 1,679,934 1,752,715

Creditors
Amounts falling due after more than one
year

10

-

(8,900

)

Provisions for liabilities 12 (136,876 ) (103,700 )

Accruals and deferred income (25,926 ) (37,055 )
Net assets 1,517,132 1,603,060

Capital and reserves
Called up share capital 1,000 1,000
Retained earnings 1,516,132 1,602,060
Shareholders' funds 1,517,132 1,603,060

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 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.

HOBSONS BREWERY AND COMPANY LIMITED (REGISTERED NUMBER: 03330811)

Balance Sheet - continued
30 April 2023


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 October 2023 and were signed on its behalf by:





N E J Davis - Director


HOBSONS BREWERY AND COMPANY LIMITED (REGISTERED NUMBER: 03330811)

Notes to the Financial Statements
for the year ended 30 April 2023

1. Statutory information

Hobsons Brewery and Company 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 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 the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Long leasehold - Straight line over the life of the lease
Plant and machinery - 10% on cost
Fixtures and fittings - 33% on cost
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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


HOBSONS BREWERY AND COMPANY LIMITED (REGISTERED NUMBER: 03330811)

Notes to the Financial Statements - continued
for the year ended 30 April 2023

2. Accounting policies - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Government grants
Grants towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.

Grants towards capital expenditure are shown as deferred income and amortised over the estimated useful life of the assets to which the grant relates.

Going concern
The financial statements have been prepared on a going concern basis and no material uncertainties exist that impact on the company's ability to trade.

3. Employees and directors

The average number of employees during the year was 27 (2022 - 26 ) .

4. Intangible fixed assets
Patents
and
licences
£   
Cost
Additions 20,500
At 30 April 2023 20,500
Net book value
At 30 April 2023 20,500

HOBSONS BREWERY AND COMPANY LIMITED (REGISTERED NUMBER: 03330811)

Notes to the Financial Statements - continued
for the year ended 30 April 2023

5. Tangible fixed assets
Fixtures
Long Plant and and Motor
leasehold machinery fittings vehicles Totals
£    £    £    £    £   
Cost
At 1 May 2022 802,079 1,792,689 111,986 256,105 2,962,859
Additions 76,004 241,515 7,912 - 325,431
Disposals - (131,270 ) (37,700 ) (11,797 ) (180,767 )
At 30 April 2023 878,083 1,902,934 82,198 244,308 3,107,523
Depreciation
At 1 May 2022 583,278 1,307,337 109,780 169,275 2,169,670
Charge for year 27,905 112,324 3,864 20,830 164,923
Eliminated on disposal - (121,512 ) (37,654 ) (10,906 ) (170,072 )
At 30 April 2023 611,183 1,298,149 75,990 179,199 2,164,521
Net book value
At 30 April 2023 266,900 604,785 6,208 65,109 943,002
At 30 April 2022 218,801 485,352 2,206 86,830 793,189

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
Cost
At 1 May 2022
and 30 April 2023 64,313
Depreciation
At 1 May 2022 63,407
Charge for year 906
At 30 April 2023 64,313
Net book value
At 30 April 2023 -
At 30 April 2022 906

6. Fixed asset investments
Other
investments
£   
Cost
At 1 May 2022
and 30 April 2023 95,094
Net book value
At 30 April 2023 95,094
At 30 April 2022 95,094

HOBSONS BREWERY AND COMPANY LIMITED (REGISTERED NUMBER: 03330811)

Notes to the Financial Statements - continued
for the year ended 30 April 2023

7. Stocks
2023 2022
£    £   
Stock 263,886 230,465

8. Debtors
2023 2022
£    £   
Amounts falling due within one year:
Trade debtors 200,510 228,427
Bad debt provision (1,212 ) (439 )
Directors' current accounts - 14,747
Tax 45,951 37,199
Prepayments 15,833 7,523
261,082 287,457

Amounts falling due after more than one year:
Other debtors 73,201 63,931

Aggregate amounts 334,283 351,388

9. Creditors: amounts falling due within one year
2023 2022
£    £   
Hire purchase contracts (see note 11) 8,900 20,688
Trade creditors 63,149 4,524
Social security and other taxes 11,850 10,434
VAT 61,221 57,496
Pension creditor 2,241 2,594
Directors' current accounts 20 4,825
Accruals 103,134 146,962
250,515 247,523

10. Creditors: amounts falling due after more than one year
2023 2022
£    £   
Hire purchase contracts (see note 11) - 8,900

11. Leasing agreements

Minimum lease payments fall due as follows:

Hire purchase contracts
2023 2022
£    £   
Net obligations repayable:
Within one year 8,900 20,688
Between one and five years - 8,900
8,900 29,588

HOBSONS BREWERY AND COMPANY LIMITED (REGISTERED NUMBER: 03330811)

Notes to the Financial Statements - continued
for the year ended 30 April 2023

11. Leasing agreements - continued

Non-cancellable operating leases
2023 2022
£    £   
Within one year 38,552 18,948
Between one and five years 130,815 8,900
In more than five years 337,500 -
506,867 27,848

12. Provisions for liabilities
2023 2022
£    £   
Deferred tax 136,876 103,700

Deferred
tax
£   
Balance at 1 May 2022 103,700
Provided during year 33,176
Accelerated capital allowances
Balance at 30 April 2023 136,876

13. Directors' advances, credits and guarantees

The following advances and credits to directors subsisted during the years ended 30 April 2023 and 30 April 2022:

2023 2022
£    £   
N E J Davis
Balance outstanding at start of year 4,960 (68 )
Amounts advanced 5,029 5,028
Amounts repaid (9,999 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (10 ) 4,960

M J Churchward
Balance outstanding at start of year 4,961 (68 )
Amounts advanced 5,029 5,029
Amounts repaid (10,000 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (10 ) 4,961