Silverfin false 31/03/2023 01/04/2022 31/03/2023 Mrs D Rolfe Mr G Rolfe 21 November 2023 The principal activity of the company is that of a micro-brewery. 08997803 2023-03-31 08997803 2022-03-31 08997803 core:CurrentFinancialInstruments 2023-03-31 08997803 core:CurrentFinancialInstruments 2022-03-31 08997803 core:ShareCapital 2023-03-31 08997803 core:ShareCapital 2022-03-31 08997803 core:RetainedEarningsAccumulatedLosses 2023-03-31 08997803 core:RetainedEarningsAccumulatedLosses 2022-03-31 08997803 core:LeaseholdImprovements 2022-03-31 08997803 core:Vehicles 2022-03-31 08997803 core:LeaseholdImprovements 2023-03-31 08997803 core:Vehicles 2023-03-31 08997803 bus:OrdinaryShareClass1 2023-03-31 08997803 bus:OrdinaryShareClass2 2023-03-31 08997803 2022-04-01 2023-03-31 08997803 bus:FullAccounts 2022-04-01 2023-03-31 08997803 bus:SmallEntities 2022-04-01 2023-03-31 08997803 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 08997803 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 08997803 bus:Director1 2022-04-01 2023-03-31 08997803 bus:Director2 2022-04-01 2023-03-31 08997803 core:LeaseholdImprovements 2022-04-01 2023-03-31 08997803 core:Vehicles 2022-04-01 2023-03-31 08997803 2021-04-01 2022-03-31 08997803 bus:OrdinaryShareClass1 2022-04-01 2023-03-31 08997803 bus:OrdinaryShareClass1 2021-04-01 2022-03-31 08997803 bus:OrdinaryShareClass2 2022-04-01 2023-03-31 08997803 bus:OrdinaryShareClass2 2021-04-01 2022-03-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 08997803 (England and Wales)

PENTON PARK BREWERY LIMITED

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

PENTON PARK BREWERY LIMITED

Unaudited Financial Statements

For the financial year ended 31 March 2023

Contents

PENTON PARK BREWERY LIMITED

COMPANY INFORMATION

For the financial year ended 31 March 2023
PENTON PARK BREWERY LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 March 2023
DIRECTORS Mrs D Rolfe
Mr G Rolfe
REGISTERED OFFICE Copper Beaches
Salisbury Road
Abbots Ann
Andover
Hampshire. SP11 7NX
United Kingdom
COMPANY NUMBER 08997803 (England and Wales)
ACCOUNTANT Shaw Gibbs Limited
264 Banbury Road
Oxford
OX2 7DY
PENTON PARK BREWERY LIMITED

BALANCE SHEET

As at 31 March 2023
PENTON PARK BREWERY LIMITED

BALANCE SHEET (continued)

As at 31 March 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 3 22,457 22,773
22,457 22,773
Current assets
Debtors 4 410 12,754
Cash at bank and in hand 19 3,660
429 16,414
Creditors: amounts falling due within one year 5 ( 116,435) ( 113,273)
Net current liabilities (116,006) (96,859)
Total assets less current liabilities (93,549) (74,086)
Net liabilities ( 93,549) ( 74,086)
Capital and reserves
Called-up share capital 6 2 2
Profit and loss account ( 93,551 ) ( 74,088 )
Total shareholders' deficit ( 93,549) ( 74,086)

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 Penton Park Brewery Limited (registered number: 08997803) were approved and authorised for issue by the Board of Directors on 21 November 2023. They were signed on its behalf by:

Mrs D Rolfe
Director
PENTON PARK BREWERY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2023
PENTON PARK 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

Penton Park 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 Copper Beaches, Salisbury Road, Abbots Ann, Andover, Hampshire. SP11 7NX, United Kingdom.

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 £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown gross of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

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 current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

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 or reducing balance basis over its expected useful life, as follows:

Leasehold improvements 10 % reducing balance
Vehicles 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.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand.

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, which include trade and other debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Basic financial liabilities
Basic financial liabilities, including trade and other creditors and loans other than bank loans, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Government grants

Government grants are recognised at the fair value of the asset received or receivable when there is a reasonable assurance that the grant conditions will be met and the grants will be received.

A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognitions criteria are satisfied is recognised as a liability.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Tangible assets

Leasehold improve-
ments
Vehicles Total
£ £ £
Cost
At 01 April 2022 23,235 1,150 24,385
At 31 March 2023 23,235 1,150 24,385
Accumulated depreciation
At 01 April 2022 939 673 1,612
Charge for the financial year 197 119 316
At 31 March 2023 1,136 792 1,928
Net book value
At 31 March 2023 22,099 358 22,457
At 31 March 2022 22,296 477 22,773

4. Debtors

2023 2022
£ £
Deferred tax asset 0 12,344
Other debtors 410 410
410 12,754

5. Creditors: amounts falling due within one year

2023 2022
£ £
Amounts owed to directors 5,160 2,283
Other loans 109,175 109,175
Accruals 2,100 1,815
116,435 113,273

6. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
1 Ordinary A share of £ 1.00 1 1
1 Ordinary B share of £ 1.00 1 1
2 2

7. Related party transactions

At the year end Mrs D Rolfe was owed £5,160 (2022: £2,283). This amount is interest free and repayable on demand.

At the year end the company owed £109,175 to Penton Lodge LLP, an entity in which Mrs D Rolfe and Mr G Rolfe are members.