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REGISTERED NUMBER: 11821466 (England and Wales)












Unaudited Financial Statements

For The Year Ended 31st March 2024

for

Hambleton Brewery Limited

Hambleton Brewery Limited (Registered number: 11821466)






Contents of the Financial Statements
For The Year Ended 31st March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Hambleton Brewery Limited

Company Information
For The Year Ended 31st March 2024







DIRECTORS: Mrs R C Harrison
B A Harrison
Mrs H J Saunders
N R Stafford
Mrs S E A Stafford





REGISTERED OFFICE: The Brewery
Melmerby Green
Melmerby
Ripon
North Yorkshire
HG4 5NB





REGISTERED NUMBER: 11821466 (England and Wales)





ACCOUNTANTS: F E Metcalfe & Co Limited
Chartered Accountants
4 Old Market Place
Ripon
North Yorkshire
HG4 1EQ

Hambleton Brewery Limited (Registered number: 11821466)

Balance Sheet
31st March 2024

31.3.24 31.3.23
Notes £ £ £ £
FIXED ASSETS
Tangible assets 3 646,550 603,214

CURRENT ASSETS
Stocks 136,846 106,498
Debtors 4 209,792 157,826
Cash at bank and in hand 2,005 18,663
348,643 282,987
CREDITORS
Amounts falling due within one year 5 328,940 286,959
NET CURRENT ASSETS/(LIABILITIES) 19,703 (3,972 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

666,253

599,242

CREDITORS
Amounts falling due after more than one
year

6

(365,264

)

(390,478

)

PROVISIONS FOR LIABILITIES (122,245 ) (112,598 )
NET ASSETS 178,744 96,166

CAPITAL AND RESERVES
Called up share capital 8 10 10
Retained earnings 178,734 96,156
SHAREHOLDERS' FUNDS 178,744 96,166

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2024 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.

Hambleton Brewery Limited (Registered number: 11821466)

Balance Sheet - continued
31st March 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31st July 2024 and were signed on its behalf by:





B A Harrison - Director


Hambleton Brewery Limited (Registered number: 11821466)

Notes to the Financial Statements
For The Year Ended 31st March 2024

1. ACCOUNTING POLICIES

General information and basis of preparing the financial statements
(a) General information and basis of preparation

Hambleton Brewery Limited is a private company limited by shares incorporated in England within the United Kingdom. The address of the registered office is given in the company information on General Information page of these financial statements.

The financial statements have been prepared in accordance with the provisions of section 1A 'small entities' of Financial Reporting Standard 102 The Financial Reporting Standard Applicable in the UK and the Companies Act 2006. The financial statements have been prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

The significant accounting policies applied in the preparation of these financial statements are set out below.

(b) Tangible fixed assets

Tangible fixed assets are stated at cost (or deemed cost) less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:


Buildings straight line over 50 years
Plant and machinery 10% reducing balance
Motor vehicles 20% reducing balance
Office and computer equipment 20% reducing balance

(c) Stocks

Stocks are stated 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 stock to its present location and condition. Work-in-progress and machined stock held for sale includes an appropriate proportion of overheads. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

(d) 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 transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

(e) Loans and borrowings

Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.











Hambleton Brewery Limited (Registered number: 11821466)

Notes to the Financial Statements - continued
For The Year Ended 31st March 2024
(f) Impairment

Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

(g) Provisions

Provisions are recognised when the limited company has an obligation at the balance sheet date as a result of a past event, it is probable that an outflow of economic benefits will be required in settlement and the amount can be reliably estimated.

(h) Leases

Assets acquired under finance leases are capitalised and depreciated over the shorter of the lease term and the expected useful life of the asset. Minimum lease payments are apportioned between the finance charge and the reduction of the outstanding lease liability using the effective interest method. The related obligations, net of future finance charges, are included in creditors.

Rentals payable and receivable under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

(i) Tax

Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in the financial statements. Unrelieved tax assets 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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets is measured using the rates and allowances that apply to the sale of the asset.

(j) Turnover and other income

Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows:

Sale of goods and services

Turnover from the sale of beer and brewing services are recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually on dispatch of goods and the invoice date for brewing services.

Other income

Other income is recognised upon receipt of the income, together with any income due at the balance sheet date, but not received.

Hambleton Brewery Limited (Registered number: 11821466)

Notes to the Financial Statements - continued
For The Year Ended 31st March 2024


Interest and dividends receivable

Interest income is recognised using the effective interest method and dividend income is recognised as the company's right to receive payment is established.


(k) Foreign currency

Foreign currency transactions are initially recognised by applying to the foreign currency amount the spot exchange rate between the functional currency and the foreign currency at the date of the transaction.

Monetary assets and liabilities denominated in a foreign currency at the balance sheet date are translated using the closing rate.

(l) Employee benefits

When employees have rendered service to the company, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.

The company operates a defined contribution plan for the benefit of its employees. Contributions are expensed as they become payable.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2023 - 12 ) .

3. TANGIBLE FIXED ASSETS
Plant and Motor Computer
Buildings machinery vehicles equipment Totals
£ £ £ £ £
COST
At 1st April 2023 180,491 560,414 32,635 18,118 791,658
Additions - 103,346 - 8,789 112,135
Disposals - (12,260 ) - (4,795 ) (17,055 )
At 31st March 2024 180,491 651,500 32,635 22,112 886,738
DEPRECIATION
At 1st April 2023 6,742 158,653 13,823 9,225 188,443
Charge for year 2,610 50,080 3,762 3,535 59,987
Eliminated on disposal - (5,020 ) - (3,222 ) (8,242 )
At 31st March 2024 9,352 203,713 17,585 9,538 240,188
NET BOOK VALUE
At 31st March 2024 171,139 447,787 15,050 12,574 646,550
At 31st March 2023 173,749 401,761 18,812 8,893 603,215

Hambleton Brewery Limited (Registered number: 11821466)

Notes to the Financial Statements - continued
For The Year Ended 31st March 2024

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£ £
Trade debtors 146,247 108,106
Other debtors - 3,598
Directors' current accounts 52,026 45,727
Prepayments and deferred income 11,519 395
209,792 157,826

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£ £
Bank loans and overdrafts 73,908 43,368
Coronavirus business interruption loan 26,000 26,000
Hire purchase contracts 48,427 34,614
Trade creditors 115,180 108,312
Corporation Tax 24,419 12,905
Social security and other taxes 11,120 36,418
Other creditors 15,521 12,305
Directors' current accounts 435 4,364
Accrued expenses 13,930 8,673
328,940 286,959

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£ £
Bank loans 233,611 273,296
Coronavirus business
interruption loan 34,667 60,667
Hire purchase contracts 96,986 56,515
365,264 390,478


31.3.23 31.3.22
£ £

Amounts falling due in more than five years

Bank loans repayable by instalments 99,824137,934

Hambleton Brewery Limited (Registered number: 11821466)

Notes to the Financial Statements - continued
For The Year Ended 31st March 2024

7. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£ £
Bank overdraft 30,540 -
Bank loans 276,979 316,664
Coronavirus business interruption loan 60,667 86,667
368,186 403,331

The borrowings are secured by a fixed and floating charge over all assets of the company.
In addition a guarantee has been provided by two of the directors, N R and Mrs S E Stafford, over the property at Unit 2 Barker Business Park, Melmerby Green Road, Melmerby, Ripon.

8. CALLED UP SHARE CAPITAL


Number

Class
Nominal
Value

£

330 Ordinary A share £0.01 £3
310 Ordinary B share £0.01 £3
200 Ordinary C share £0.01 £2
100 Ordinary D share £0.01 £1
60 Ordinary E share £0.01 £1
--------
£10
--------

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31st March 2024 and 31st March 2023:

31.3.24 31.3.23
£ £
Mrs R C Harrison
Balance outstanding at start of year 22,261 26,993
Amounts advanced 25,653 22,580
Amounts repaid (22,612 ) (27,312 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 25,302 22,261

B A Harrison
Balance outstanding at start of year 23,466 28,610
Amounts advanced 27,070 24,168
Amounts repaid (23,812 ) (29,312 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 26,724 23,466

Interest of 2.25% was charged, and the loans are repayable on demand.