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31/03/2023
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No description of principal activities is disclosed
2022-04-01
Sage Accounts Production 21.0 - FRS102_2021
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2022-03-31
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13262681
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13262681
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13262681
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13262681
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13262681
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13262681
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2023-03-31
13262681
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2022-03-31
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2022-03-31
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2023-03-31
13262681
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2023-03-31
13262681
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2023-03-31
13262681
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2023-03-31
13262681
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2022-03-31
13262681
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2022-03-31
13262681
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2023-03-31
13262681
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2022-03-31
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2022-03-31
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2023-03-31
Company registration number:
13262681
Exploration Brewing Limited
Unaudited filleted financial statements
31 March 2023
Exploration Brewing Limited
Contents
Directors and other information
Statement of financial position
Statement of changes in equity
Notes to the financial statements
Exploration Brewing Limited
Directors and other information
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Directors |
Mr Elias Asimakis |
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Mrs Avanti Vijay Shirke |
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Company number |
13262681 |
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Registered office |
Amba House, 4th Floor, Kings Suite |
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15 College Road |
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Harrow |
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Middlesex |
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HA1 1BA |
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Accountants |
Nagle James Associates Limited |
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Amba House 4th Floor Kings Suite, |
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15 College Road, |
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Harrow, |
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Middlesex |
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HA1 1BA |
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Exploration Brewing Limited
Statement of financial position
31 March 2023
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31/03/23 |
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31/03/22 |
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Note |
£ |
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£ |
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£ |
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£ |
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Fixed assets |
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Investments |
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5 |
150,939 |
|
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|
201,439 |
|
|
|
|
|
_______ |
|
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|
_______ |
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|
|
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150,939 |
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|
201,439 |
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Current assets |
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|
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|
|
Debtors |
|
6 |
178,427 |
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|
85,525 |
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|
Cash at bank and in hand |
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|
8,713 |
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|
12,446 |
|
|
|
|
|
_______ |
|
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|
_______ |
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|
187,140 |
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|
97,971 |
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|
Creditors: amounts falling due |
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|
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|
within one year |
|
7 |
(
341,970) |
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|
|
(
300,650) |
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|
|
|
|
_______ |
|
|
|
_______ |
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|
Net current liabilities |
|
|
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|
(
154,830) |
|
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|
(
202,679) |
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|
|
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|
_______ |
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|
_______ |
Total assets less current liabilities |
|
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|
(
3,891) |
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|
(
1,240) |
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|
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|
_______ |
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_______ |
Net liabilities |
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|
(
3,891) |
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|
(
1,240) |
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|
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|
_______ |
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_______ |
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Capital and reserves |
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Called up share capital |
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100 |
|
|
|
100 |
Profit and loss account |
|
|
|
|
(
3,991) |
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|
|
(
1,340) |
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|
|
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|
_______ |
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|
_______ |
Shareholders deficit |
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|
|
(
3,891) |
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|
(
1,240) |
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_______ |
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_______ |
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For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
07 November 2023
, and are signed on behalf of the board by:
Mr Elias Asimakis
Director
Company registration number:
13262681
Exploration Brewing Limited
Statement of changes in equity
Year ended 31 March 2023
Called up share capital
Profit and loss account
Total
£
£
£
At 1 April 2021
-
-
-
Loss for the year
(
1,340
)
(
1,340
)
_______
|
_______
|
_______
|
Total comprehensive income for the year
-
(
1,340
)
(
1,340
)
Issue of shares
100
100
_______
|
_______
|
_______
|
Total investments by and distributions to owners
100
-
100
_______
|
_______
|
_______
|
At 31 March 2022 and 1 April 2022
100
(
1,340
)
(
1,240
)
Loss for the year
(
2,651
)
(
2,651
)
_______
|
_______
|
_______
|
Total comprehensive income for the year
-
(
2,651
)
(
2,651
)
_______
|
_______
|
_______
|
At 31 March 2023
100
(
3,991
)
(
3,891
)
_______
|
_______
|
_______
|
Exploration Brewing Limited
Notes to the financial statements
Year ended 31 March 2023
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Amba House, 4th Floor, Kings Suite, 15 College Road, Harrow, Middlesex, HA1 1BA.
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Consolidation
The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Fixed asset investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Debt instruments are subsequently measured at amortised cost.
Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to Nil (2022: Nil).
5.
Investments
Shares in group undertakings
Shares in associated company
Total
£
£
£
Cost
At 1 April 2022
150,939
50,785
201,724
Disposals
-
(
50,785
)
(
50,785
)
_______
|
_______
|
_______
|
At 31 March 2023
150,939
-
150,939
_______
|
_______
|
_______
|
Impairment
Impairment loss
-
(
285
)
(
285
)
At 1 April 2022 and 31 March 2023
-
-
-
_______
|
_______
|
_______
|
Carrying amount
At 31 March 2023
150,939
-
150,939
_______
|
_______
|
_______
|
At 31 March 2022
150,939
50,500
201,439
_______
|
_______
|
_______
|
6.
Debtors
|
|
|
31/03/23 |
31/03/22 |
|
|
|
£ |
£ |
|
Amounts owed by group undertakings |
|
178,427 |
85,525 |
|
|
|
_______ |
_______ |
|
|
|
178,427 |
85,525 |
|
|
|
_______ |
_______ |
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|
|
|
|
7.
Creditors: amounts falling due within one year
|
|
|
31/03/23 |
31/03/22 |
|
|
|
£ |
£ |
|
Accruals and deferred income |
|
2,070 |
750 |
|
Director loan accounts |
|
339,900 |
299,900 |
|
|
|
_______ |
_______ |
|
|
|
341,970 |
300,650 |
|
|
|
_______ |
_______ |
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8.
Directors advances, credits and guarantees
|
During the year the directors entered into the following advances and credits with the company: |
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Year ended 31/03/23 |
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Balance brought forward |
Advances /(credits) to the directors |
Balance o/standing |
|
|
|
|
|
£ |
£ |
£ |
|
|
|
|
Mrs Avanti Vijay Shirke |
(
299,900) |
(
40,000) |
(
339,900) |
|
|
|
|
|
_______ |
_______ |
_______ |
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|
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Period ended 31/03/22 |
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Balance brought forward |
Advances /(credits) to the directors |
Balance o/standing |
|
|
|
|
|
£ |
£ |
£ |
|
|
|
|
Mrs Avanti Vijay Shirke |
- |
(
299,900) |
(
299,900) |
|
|
|
|
|
_______ |
_______ |
_______ |
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