Silverfin false 31/03/2023 01/04/2022 31/03/2023 Terence Baker Ann Marie Stantiford 21/12/2009 Nigel Stead Welsh 14/10/2009 01 November 2023 The principal activity of the company continued to be that of a brewery. 07041606 2023-03-31 07041606 bus:Director2 2023-03-31 07041606 bus:Director3 2023-03-31 07041606 2022-03-31 07041606 core:CurrentFinancialInstruments 2023-03-31 07041606 core:CurrentFinancialInstruments 2022-03-31 07041606 core:Non-currentFinancialInstruments 2023-03-31 07041606 core:Non-currentFinancialInstruments 2022-03-31 07041606 core:ShareCapital 2023-03-31 07041606 core:ShareCapital 2022-03-31 07041606 core:RetainedEarningsAccumulatedLosses 2023-03-31 07041606 core:RetainedEarningsAccumulatedLosses 2022-03-31 07041606 core:LeaseholdImprovements 2022-03-31 07041606 core:PlantMachinery 2022-03-31 07041606 core:Vehicles 2022-03-31 07041606 core:FurnitureFittings 2022-03-31 07041606 core:LeaseholdImprovements 2023-03-31 07041606 core:PlantMachinery 2023-03-31 07041606 core:Vehicles 2023-03-31 07041606 core:FurnitureFittings 2023-03-31 07041606 bus:OrdinaryShareClass1 2023-03-31 07041606 bus:OrdinaryShareClass2 2023-03-31 07041606 bus:OrdinaryShareClass3 2023-03-31 07041606 bus:OrdinaryShareClass4 2023-03-31 07041606 2022-04-01 2023-03-31 07041606 bus:FullAccounts 2022-04-01 2023-03-31 07041606 bus:SmallEntities 2022-04-01 2023-03-31 07041606 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 07041606 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 07041606 bus:Director1 2022-04-01 2023-03-31 07041606 bus:Director2 2022-04-01 2023-03-31 07041606 bus:Director3 2022-04-01 2023-03-31 07041606 core:PlantMachinery 2022-04-01 2023-03-31 07041606 core:Vehicles 2022-04-01 2023-03-31 07041606 core:FurnitureFittings 2022-04-01 2023-03-31 07041606 2021-04-01 2022-03-31 07041606 core:LeaseholdImprovements 2022-04-01 2023-03-31 07041606 core:Non-currentFinancialInstruments 2022-04-01 2023-03-31 07041606 bus:OrdinaryShareClass1 2022-04-01 2023-03-31 07041606 bus:OrdinaryShareClass1 2021-04-01 2022-03-31 07041606 bus:OrdinaryShareClass2 2022-04-01 2023-03-31 07041606 bus:OrdinaryShareClass2 2021-04-01 2022-03-31 07041606 bus:OrdinaryShareClass3 2022-04-01 2023-03-31 07041606 bus:OrdinaryShareClass3 2021-04-01 2022-03-31 07041606 bus:OrdinaryShareClass4 2022-04-01 2023-03-31 07041606 bus:OrdinaryShareClass4 2021-04-01 2022-03-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 07041606 (England and Wales)

FLACK MANOR BREWERY LIMITED

Unaudited Financial Statements
For the financial year ended 31 March 2023
Pages for filing with the registrar

FLACK MANOR BREWERY LIMITED

Unaudited Financial Statements

For the financial year ended 31 March 2023

Contents

FLACK MANOR BREWERY LIMITED

BALANCE SHEET

As at 31 March 2023
FLACK MANOR BREWERY LIMITED

BALANCE SHEET (continued)

As at 31 March 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 3 436,851 432,069
436,851 432,069
Current assets
Stocks 4 54,895 43,239
Debtors 5 91,332 85,098
Cash at bank and in hand 48,751 70,146
194,978 198,483
Creditors: amounts falling due within one year 6 ( 122,411) ( 102,010)
Net current assets 72,567 96,473
Total assets less current liabilities 509,418 528,542
Creditors: amounts falling due after more than one year 7 ( 44,080) ( 35,833)
Provision for liabilities 8 ( 105,544) ( 102,873)
Net assets 359,794 389,836
Capital and reserves
Called-up share capital 9 330,000 330,000
Profit and loss account 29,794 59,836
Total shareholders' funds 359,794 389,836

For the financial 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 financial statements of Flack Manor Brewery Limited (registered number: 07041606) were approved and authorised for issue by the Board of Directors on 01 November 2023. They were signed on its behalf by:

Nigel Stead Welsh
Director
FLACK MANOR BREWERY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2023
FLACK MANOR BREWERY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Flack Manor Brewery Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Towngate House, 2-8 Parkstone Road, Poole, BH15 2PW, United Kingdom. The principal place of business is Unit 8 Romsey Industrial Estate, Greatbridge Road, Romsey, Hampshire, SO51 0HR.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

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

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.
Turnover from the sale of goods is recognised when the goods are physically delivered to the customer; and Revenue from services is recognised as they are delivered.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line, reducing balance] basis over its expected useful life, as follows:

Leasehold improvements depreciated over the life of the lease
Plant and machinery 5 % reducing balance
Vehicles 15 - 20 % reducing balance
Fixtures and fittings 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 11 11

3. Tangible assets

Leasehold improve-
ments
Plant and machinery Vehicles Fixtures and fittings Total
£ £ £ £ £
Cost
At 01 April 2022 3,581 627,283 36,972 29,170 697,006
Additions 0 7,328 19,674 2,694 29,696
At 31 March 2023 3,581 634,611 56,646 31,864 726,702
Accumulated depreciation
At 01 April 2022 3,581 210,836 30,085 20,435 264,937
Charge for the financial year 0 21,003 2,131 1,780 24,914
At 31 March 2023 3,581 231,839 32,216 22,215 289,851
Net book value
At 31 March 2023 0 402,772 24,430 9,649 436,851
At 31 March 2022 0 416,447 6,887 8,735 432,069

4. Stocks

2023 2022
£ £
Stocks 54,895 43,239

There are no material differences between the replacement cost of stock and the Balance Sheet amounts.

5. Debtors

2023 2022
£ £
Trade debtors 74,005 74,267
Other debtors 17,327 10,831
91,332 85,098

6. Creditors: amounts falling due within one year

2023 2022
£ £
Bank loans 10,000 10,000
Trade creditors 49,173 21,030
Taxation and social security 40,722 50,881
Obligations under finance leases and hire purchase contracts 6,116 0
Other creditors 16,400 20,099
122,411 102,010

7. Creditors: amounts falling due after more than one year

2023 2022
£ £
Bank loans 25,733 35,833
Obligations under finance leases and hire purchase contracts 18,347 0
44,080 35,833

There are no amounts included above in respect of which any security has been given by the small entity.

8. Provision for liabilities

2023 2022
£ £
Deferred tax 105,544 102,873

9. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
110,000 A1 Ordinary shares of £ 1.00 each 110,000 110,000
50,000 A2 Ordinary shares of £ 1.00 each 50,000 50,000
10,000 A3 Ordinary shares of £ 1.00 each 10,000 10,000
160,000 B Ordinary shares of £ 1.00 each 160,000 160,000
330,000 330,000

The company also has 71,000 £1 Ordinary 'D' shares. These shares have been allotted but no consideration has been paid and there is no formal timetable of the calling of this category of share capital. The £1 ordinary 'D' shares do not carry any voting rights or rights to dividends.