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COMPANY REGISTRATION NUMBER: 07626795
Old Pie Factory Brewery Limited
Filleted Unaudited Financial Statements
31 October 2023
Old Pie Factory Brewery Limited
Financial Statements
Period from 1 June 2022 to 31 October 2023
Contents
Page
Balance sheet
1
Notes to the financial statements
3
Old Pie Factory Brewery Limited
Balance Sheet
31 October 2023
31 Oct 23
31 May 22
Note
£
£
£
£
Fixed assets
Tangible assets
4
8,310
12,930
Current assets
Stocks
5,000
Debtors
5
768
Cash at bank and in hand
660
2,570
----
-------
660
8,338
Creditors: amounts falling due within one year
6
93,202
94,088
--------
--------
Net current liabilities
92,542
85,750
--------
--------
Total assets less current liabilities
( 84,232)
( 72,820)
--------
--------
Net liabilities
( 84,232)
( 72,820)
--------
--------
Old Pie Factory Brewery Limited
Balance Sheet (continued)
31 October 2023
31 Oct 23
31 May 22
Note
£
£
£
£
Capital and reserves
Called up share capital
100
100
Profit and loss account
( 84,332)
( 72,920)
--------
--------
Shareholders deficit
( 84,232)
( 72,820)
--------
--------
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 profit and loss account has not been delivered.
For the period ending 31 October 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 period 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 were approved by the board of directors and authorised for issue on 13 February 2024 , and are signed on behalf of the board by:
Mr C P Willacy
Director
Company registration number: 07626795
Old Pie Factory Brewery Limited
Notes to the Financial Statements
Period from 1 June 2022 to 31 October 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 6 Corunna Court, Corunna Road, Warwick, CV34 5HQ.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis and in sterling, which is the functional currency of the entity.
Going concern
The company ceased to trade on 31 October 2023.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Short leasehold property
-
10% reducing balance
Plant and machinery
-
10%-20% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
4. Tangible assets
Short leasehold property
Plant and machinery
Total
£
£
£
Cost
At 1 June 2022
7,046
34,755
41,801
Disposals
( 7,046)
( 7,046)
-------
--------
--------
At 31 October 2023
34,755
34,755
-------
--------
--------
Depreciation
At 1 June 2022
4,537
24,334
28,871
Charge for the period
2,509
2,111
4,620
Disposals
( 7,046)
( 7,046)
-------
--------
--------
At 31 October 2023
26,445
26,445
-------
--------
--------
Carrying amount
At 31 October 2023
8,310
8,310
-------
--------
--------
At 31 May 2022
2,509
10,421
12,930
-------
--------
--------
5. Debtors
31 Oct 23
31 May 22
£
£
Trade debtors
768
----
----
6. Creditors: amounts falling due within one year
31 Oct 23
31 May 22
£
£
Trade creditors
780
Social security and other taxes
216
770
Other creditors
92,986
92,538
--------
--------
93,202
94,088
--------
--------
7. Directors' advances, credits and guarantees
During the period the directors had interest free, repayable on demand loans with the company. At both the start and end of the period they were owed £91,758 with no movement during the period.
8. Related party transactions
During the period the company made sales to a public house ran by a director to the value of £26,978 (2022: £22,174). The company also made sales to a company associated with a director to the value of £153 (2022: £153).