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Company No: 14491347 (England and Wales)

BREWERY (WEYMOUTH) LTD

Unaudited Financial Statements
For the financial period from 17 November 2022 to 28 February 2024
Pages for filing with the registrar

BREWERY (WEYMOUTH) LTD

Unaudited Financial Statements

For the financial period from 17 November 2022 to 28 February 2024

Contents

BREWERY (WEYMOUTH) LTD

BALANCE SHEET

As at 28 February 2024
BREWERY (WEYMOUTH) LTD

BALANCE SHEET (continued)

As at 28 February 2024
Note 28.02.2024
£
Current assets
Stocks 3 1,832,779
Debtors 4 35,262
Cash at bank and in hand 104,807
1,972,848
Creditors: amounts falling due within one year 5 ( 401,567)
Net current assets 1,571,281
Total assets less current liabilities 1,571,281
Creditors: amounts falling due after more than one year 6 ( 1,574,999)
Net liabilities ( 3,718)
Capital and reserves
Called-up share capital 7 100
Profit and loss account ( 3,818 )
Total shareholder's deficit ( 3,718)

For the financial period ending 28 February 2024 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 Brewery (Weymouth) Ltd (registered number: 14491347) were approved and authorised for issue by the Board of Directors on 01 August 2024. They were signed on its behalf by:

Jason Craig
Director
BREWERY (WEYMOUTH) LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 17 November 2022 to 28 February 2024
BREWERY (WEYMOUTH) LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 17 November 2022 to 28 February 2024
1. Accounting policies

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

General information and basis of accounting

Brewery (Weymouth) Ltd (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, 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 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. Revenue from services is recognised as they are delivered.

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 Profit and Loss Account 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.

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.

2. Employees

Period from
17.11.2022 to
28.02.2024
Number
Monthly average number of persons employed by the Company during the period, including directors 2

3. Stocks

28.02.2024
£
Work in progress 1,832,779

4. Debtors

28.02.2024
£
Amounts owed by Group undertakings 20,505
VAT recoverable 14,757
35,262

5. Creditors: amounts falling due within one year

28.02.2024
£
Trade creditors 119,817
Amounts owed to related parties 280,000
Accruals 1,750
401,567

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

28.02.2024
£
Bank loans 1,574,999

The bank loan of £1,574,999 is secured on the assets of the company

7. Called-up share capital

28.02.2024
£
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100

8. Ultimate controlling party

Parent Company:

Brewers Quay (Weymouth) Limited
Towngate House, 2-8 Parkstone Road, Poole, Dorset, United Kingdom, BH15 2PW