IRIS Accounts Production v24.1.0.578 13042827 Board of Directors 1.10.22 30.9.23 30.9.23 true false true false false true false A Ordinary 1.00000 'B' Ordinary Shares 1.00000 'C' Ordinary Shares 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh130428272022-09-30130428272023-09-30130428272022-10-012023-09-30130428272021-09-30130428272021-10-012022-09-30130428272022-09-3013042827ns15:EnglandWales2022-10-012023-09-3013042827ns14:PoundSterling2022-10-012023-09-3013042827ns10:Director12022-10-012023-09-3013042827ns10:PrivateLimitedCompanyLtd2022-10-012023-09-3013042827ns10:SmallEntities2022-10-012023-09-3013042827ns10:AuditExempt-NoAccountantsReport2022-10-012023-09-3013042827ns10:SmallCompaniesRegimeForDirectorsReport2022-10-012023-09-3013042827ns10:SmallCompaniesRegimeForAccounts2022-10-012023-09-3013042827ns10:FullAccounts2022-10-012023-09-3013042827ns10:OrdinaryShareClass22022-10-012023-09-3013042827ns10:OrdinaryShareClass42022-10-012023-09-3013042827ns10:OrdinaryShareClass52022-10-012023-09-3013042827ns10:Director22022-10-012023-09-3013042827ns10:RegisteredOffice2022-10-012023-09-3013042827ns5:CurrentFinancialInstruments2023-09-3013042827ns5:CurrentFinancialInstruments2022-09-3013042827ns5:LandBuildings2022-09-3013042827ns5:PlantMachinery2022-09-3013042827ns5:FurnitureFittings2022-09-3013042827ns5:LandBuildings2022-10-012023-09-3013042827ns5:PlantMachinery2022-10-012023-09-3013042827ns5:FurnitureFittings2022-10-012023-09-3013042827ns5:LandBuildings2023-09-3013042827ns5:PlantMachinery2023-09-3013042827ns5:FurnitureFittings2023-09-3013042827ns5:LandBuildings2022-09-3013042827ns5:PlantMachinery2022-09-3013042827ns5:FurnitureFittings2022-09-3013042827ns5:MotorVehicles2022-09-3013042827ns5:ComputerEquipment2022-09-3013042827ns5:MotorVehicles2022-10-012023-09-3013042827ns5:ComputerEquipment2022-10-012023-09-3013042827ns5:MotorVehicles2023-09-3013042827ns5:ComputerEquipment2023-09-3013042827ns5:MotorVehicles2022-09-3013042827ns5:ComputerEquipment2022-09-3013042827ns5:CostValuation2022-09-3013042827ns5:UnlistedNon-exchangeTradedns5:CostValuation2022-09-3013042827ns5:UnlistedNon-exchangeTraded2023-09-3013042827ns5:UnlistedNon-exchangeTraded2022-09-3013042827ns5:Subsidiary22022-10-012023-09-30130428273ns5:Subsidiary22022-10-012023-09-3013042827ns5:Subsidiary22023-09-3013042827ns5:Subsidiary22022-09-3013042827ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-09-3013042827ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-09-3013042827ns10:OrdinaryShareClass22023-09-3013042827ns10:OrdinaryShareClass42023-09-3013042827ns10:OrdinaryShareClass52023-09-3013042827ns5:RetainedEarningsAccumulatedLosses2022-10-012023-09-30
REGISTERED NUMBER: 13042827 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2023

FOR

PHEASANTRY FARMS AND BREWERY LIMITED

PHEASANTRY FARMS AND BREWERY LIMITED (REGISTERED NUMBER: 13042827)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PHEASANTRY FARMS AND BREWERY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2023







DIRECTORS: M Easterbrook
Mrs B M Easterbrook





REGISTERED OFFICE: High Brecks Farm
Lincoln Road
East Markham
Newark
NG22 0SN





REGISTERED NUMBER: 13042827 (England and Wales)





ACCOUNTANTS: Lemans
29 Arboretum Street
Nottingham
Nottinghamshire
NG1 4JA

PHEASANTRY FARMS AND BREWERY LIMITED (REGISTERED NUMBER: 13042827)

BALANCE SHEET
30 SEPTEMBER 2023

30.9.23 30.9.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 9,588,157 7,508,887
Investments 5 51 51
9,588,208 7,508,938

CURRENT ASSETS
Stocks 6 1,094,962 1,068,218
Debtors 7 221,435 156,417
Cash at bank and in hand 522,037 2,082,395
1,838,434 3,307,030
CREDITORS
Amounts falling due within one year 8 357,722 257,067
NET CURRENT ASSETS 1,480,712 3,049,963
TOTAL ASSETS LESS CURRENT
LIABILITIES

11,068,920

10,558,901

PROVISIONS FOR LIABILITIES (527,000 ) (410,000 )

ACCRUALS AND DEFERRED INCOME (111,213 ) (118,629 )
NET ASSETS 10,430,707 10,030,272

CAPITAL AND RESERVES
Called up share capital 9 21,044 21,044
Capital redemption reserve 10 17,703 17,703
Retained earnings 10 10,391,960 9,991,525
SHAREHOLDERS' FUNDS 10,430,707 10,030,272

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

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

PHEASANTRY FARMS AND BREWERY LIMITED (REGISTERED NUMBER: 13042827)

BALANCE SHEET - continued
30 SEPTEMBER 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 9 April 2024 and were signed on its behalf by:





Mrs B M Easterbrook - Director


PHEASANTRY FARMS AND BREWERY LIMITED (REGISTERED NUMBER: 13042827)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

1. STATUTORY INFORMATION

Pheasantry Farms And Brewery 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.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest pound.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts together with amounts receivable under the Basic Payment Scheme.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold buildings - 0% to 5% on cost
Leasehold land and buildings - 5% on cost
Plant and machinery - 25% on reducing balance or 5%, 10% or 20% on cost
Computer equipment - 25% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on reducing balance
Freehold land is not depreciated

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stocks and work in progress are stated at the lower of cost and net realisable value. Cost is determined on a first in first out basis, and includes all direct costs incurred and attributable production overheads. Net realisable value is based on estimated selling price allowing for all further costs of completion and disposal.

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.


PHEASANTRY FARMS AND BREWERY LIMITED (REGISTERED NUMBER: 13042827)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
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.

The company operates a defined contribution pension scheme and the pension charge in the profit and loss account represents the amounts payable by the company to the fund in respect of the year.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at the transaction price.

Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses

Investments
Investments are accounted for at cost.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2022 - 11 ) .

PHEASANTRY FARMS AND BREWERY LIMITED (REGISTERED NUMBER: 13042827)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023

4. TANGIBLE FIXED ASSETS
Freehold Fixtures
land and Plant and and
buildings machinery fittings
£    £    £   
COST
At 1 October 2022 6,065,772 1,615,598 84,180
Additions 1,936,678 511,085 8,726
Disposals - (131,982 ) -
At 30 September 2023 8,002,450 1,994,701 92,906
DEPRECIATION
At 1 October 2022 28,465 256,019 22,857
Charge for year 28,598 271,705 11,402
Eliminated on disposal - (44,856 ) -
At 30 September 2023 57,063 482,868 34,259
NET BOOK VALUE
At 30 September 2023 7,945,387 1,511,833 58,647
At 30 September 2022 6,037,307 1,359,579 61,323

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 October 2022 60,683 6,133 7,832,366
Additions 35,360 590 2,492,439
Disposals - - (131,982 )
At 30 September 2023 96,043 6,723 10,192,823
DEPRECIATION
At 1 October 2022 13,559 2,579 323,479
Charge for year 12,951 1,387 326,043
Eliminated on disposal - - (44,856 )
At 30 September 2023 26,510 3,966 604,666
NET BOOK VALUE
At 30 September 2023 69,533 2,757 9,588,157
At 30 September 2022 47,124 3,554 7,508,887

Included in cost of land and buildings is freehold land of £ 7,340,210 (2022 - £ 5,487,470 ) which is not depreciated.

PHEASANTRY FARMS AND BREWERY LIMITED (REGISTERED NUMBER: 13042827)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023

5. FIXED ASSET INVESTMENTS
Shares in
group Unlisted
undertakings investments Totals
£    £    £   
COST
At 1 October 2022
and 30 September 2023 1 50 51
NET BOOK VALUE
At 30 September 2023 1 50 51
At 30 September 2022 1 50 51

The company's investments at the Balance Sheet date in the share capital of companies include the following:


Pheasantry Ltd
Registered office: High Brecks Farm Lincoln Road, East Markham, Newark, England, England, NG22 0SN
Nature of business: Dormant company
%
Class of shares: holding
Ordinary 100.00
30.9.23 30.9.22
£    £   
Aggregate capital and reserves 1 1

6. STOCKS
30.9.23 30.9.22
£    £   
Growing crops 33,480 66,354
Crops in store 789,055 633,347
Sundry stocks 272,427 368,517
1,094,962 1,068,218

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Trade debtors 96,293 73,320
Other debtors 46,243 57,832
Prepayments 78,899 25,265
221,435 156,417

PHEASANTRY FARMS AND BREWERY LIMITED (REGISTERED NUMBER: 13042827)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Trade creditors 204,176 115,085
Corporation tax 33,383 21,062
Social security and other taxes 28,038 33,497
Accrued expenses 92,125 87,423
357,722 257,067

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.23 30.9.22
value: £    £   
11,003 A Ordinary £1 11,003 11,003
3,347 'B' Ordinary Shares £1 3,347 3,347
3,347 'C' Ordinary Shares £1 3,347 3,347
3,347 'D' Ordinary Shares £1 3,347 3,347
21,044 21,044

10. RESERVES
Capital
Retained redemption
earnings reserve Totals
£    £    £   

At 1 October 2022 9,991,525 17,703 10,009,228
Profit for the year 425,017 425,017
Dividends (24,582 ) (24,582 )
At 30 September 2023 10,391,960 17,703 10,409,663

11. CAPITAL COMMITMENTS
30.9.23 30.9.22
£    £   
Contracted but not provided for in the
financial statements - 866,889