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REGISTERED NUMBER: 10810613 (England and Wales)















ROUND CORNER BREWING LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023






ROUND CORNER BREWING LTD (REGISTERED NUMBER: 10810613)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3 to 5


ROUND CORNER BREWING LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: T C Cryan
C E Howard
C Paige





REGISTERED OFFICE: 26 Southey Road
Wimbledon
London
SW19 1NS





REGISTERED NUMBER: 10810613 (England and Wales)





ACCOUNTANTS: Duncan & Toplis Limited
26 Park Road
Melton Mowbray
Leicestershire
LE13 1TT

ROUND CORNER BREWING LTD (REGISTERED NUMBER: 10810613)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 489,546 575,344

CURRENT ASSETS
Inventories 73,969 96,904
Debtors 5 55,330 30,249
Cash at bank and in hand 387,387 489,594
516,686 616,747
CREDITORS
Amounts falling due within one year 6 106,189 95,997
NET CURRENT ASSETS 410,497 520,750
TOTAL ASSETS LESS CURRENT LIABILITIES 900,043 1,096,094

CREDITORS
Amounts falling due after more than one year 7 32,326 24,167
NET ASSETS 867,717 1,071,927

CAPITAL AND RESERVES
Called up share capital 8 10,000 10,000
Share premium 1,494,000 1,494,000
Retained earnings (636,283 ) (432,073 )
SHAREHOLDERS' FUNDS 867,717 1,071,927

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

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 5 July 2024 and were signed on its behalf by:





T C Cryan - Director


ROUND CORNER BREWING LTD (REGISTERED NUMBER: 10810613)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Round Corner Brewing Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


The company's place of business is Melton Mowbray Market, Scalford Road, Melton Mowbray, LE13 1JY.

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.

Revenue
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Property, plant and equipment
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33.3% on cost, 25% on reducing balance, 15% on reducing balance, 10% on cost, 10% on reducing balance, Straight line over the term of the lease, Straight line over 5 years, Straight line over 20 years and Straight line over 7 years

Property, plant and equipment is stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Inventories
Inventories are valued at the lower of cost and fair value less costs to complete and sell, after making due allowance for obsolete and slow moving items.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

ROUND CORNER BREWING LTD (REGISTERED NUMBER: 10810613)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2022 - 11 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1 January 2023 891,744
Additions 3,741
Disposals (4,843 )
At 31 December 2023 890,642
DEPRECIATION
At 1 January 2023 316,400
Charge for year 86,812
Eliminated on disposal (2,116 )
At 31 December 2023 401,096
NET BOOK VALUE
At 31 December 2023 489,546
At 31 December 2022 575,344

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 40,848 23,304
Other debtors 4,822 -
Prepayments 9,660 6,945
55,330 30,249

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 5,882 20,000
Trade creditors - 2,637
Other taxes and social security 56,818 33,269
Other creditors 813 1,153
Directors' current accounts 962 962
Accrued expenses 20,059 13,036
Deferred grants 21,655 24,940
106,189 95,997

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 1-2 years 5,882 10,000
Bank loans - 2-5 years 17,647 14,167
Bank loans more 5 yr by instal 8,797 -
32,326 24,167

ROUND CORNER BREWING LTD (REGISTERED NUMBER: 10810613)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2023 2022
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 8,797 -

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
3,400 A Ordinary £1 3,400 3,400
6,600 Ordinary £1 6,600 6,600
10,000 10,000

9. OTHER FINANCIAL COMMITMENTS

The company has commitments due as follows:

20232022
££
Due in less than one year4,3834,383
Due between two and five years10,56314,475
Due in more than five years--
14,94618,858