IRIS Accounts Production v24.2.0.383 04819899 director 1.1.23 31.12.23 31.12.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh048198992022-12-31048198992023-12-31048198992023-01-012023-12-31048198992021-12-31048198992022-01-012022-12-31048198992022-12-3104819899ns15:EnglandWales2023-01-012023-12-3104819899ns14:PoundSterling2023-01-012023-12-3104819899ns10:Director12023-01-012023-12-3104819899ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3104819899ns10:SmallEntities2023-01-012023-12-3104819899ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3104819899ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3104819899ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3104819899ns10:FullAccounts2023-01-012023-12-3104819899ns10:CompanySecretary12023-01-012023-12-3104819899ns10:RegisteredOffice2023-01-012023-12-3104819899ns5:CurrentFinancialInstruments2023-12-3104819899ns5:CurrentFinancialInstruments2022-12-3104819899ns5:Non-currentFinancialInstruments2023-12-3104819899ns5:Non-currentFinancialInstruments2022-12-3104819899ns5:ShareCapital2023-12-3104819899ns5:ShareCapital2022-12-3104819899ns5:RetainedEarningsAccumulatedLosses2023-12-3104819899ns5:RetainedEarningsAccumulatedLosses2022-12-3104819899ns5:LandBuildings2023-01-012023-12-3104819899ns5:PlantMachinery2023-01-012023-12-3104819899ns5:LandBuildings2022-12-3104819899ns5:PlantMachinery2022-12-3104819899ns5:LandBuildings2023-12-3104819899ns5:PlantMachinery2023-12-3104819899ns5:LandBuildings2022-12-3104819899ns5:PlantMachinery2022-12-3104819899ns5:CostValuation2023-12-3104819899ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3104819899ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-3104819899ns5:CurrentFinancialInstruments2023-01-012023-12-3104819899ns5:Non-currentFinancialInstruments2023-01-012023-12-31
REGISTERED NUMBER: 04819899 (England and Wales)
















WESTERHAM BREWERY COMPANY LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023






WESTERHAM BREWERY COMPANY LIMITED (REGISTERED NUMBER: 04819899)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WESTERHAM BREWERY COMPANY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: R J C Wicks





SECRETARY: F C C Wicks





REGISTERED OFFICE: Westerham Brewery
Beggars Lane
Westerham
Kent
TN16 1QP





REGISTERED NUMBER: 04819899 (England and Wales)





ACCOUNTANTS: Lakeview Southern Limited
Chartered Accountants
2 Lakeview Stables
Lower St. Clere
Kemsing
Sevenoaks
Kent
TN15 6NL

WESTERHAM BREWERY COMPANY LIMITED (REGISTERED NUMBER: 04819899)

BALANCE SHEET
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 440,272 477,304
Investments 5 20,000 20,000
460,272 497,304

CURRENT ASSETS
Stocks 142,659 142,462
Debtors 6 104,706 285,266
Cash at bank and in hand 229,850 247,840
477,215 675,568
CREDITORS
Amounts falling due within one year 7 250,032 287,077
NET CURRENT ASSETS 227,183 388,491
TOTAL ASSETS LESS CURRENT
LIABILITIES

687,455

885,795

CREDITORS
Amounts falling due after more than one year 8 (92,295 ) (178,734 )

PROVISIONS FOR LIABILITIES (83,391 ) (90,526 )
NET ASSETS 511,769 616,535

CAPITAL AND RESERVES
Called up share capital 350,004 350,004
Retained earnings 161,765 266,531
SHAREHOLDERS' FUNDS 511,769 616,535

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 director acknowledges his 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.

WESTERHAM BREWERY COMPANY LIMITED (REGISTERED NUMBER: 04819899)

BALANCE SHEET - continued
31 DECEMBER 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 director and authorised for issue on 28 August 2024 and were signed by:





R J C Wicks - Director


WESTERHAM BREWERY COMPANY LIMITED (REGISTERED NUMBER: 04819899)

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


1. STATUTORY INFORMATION

Westerham Brewery Company 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.

Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company's activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
the amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 4% on cost
Plant and machinery etc - 30% on reducing balance, 25% on reducing balance and 20% on reducing balance

Investments in associates
Investments in equity shares which are publicly traded, or where the fair value can be measured reliably, are initially measured at fair value, with changes in fair value recognised in profit and loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Stocks
Stocks are valued at the lower of cost and net realisable value, 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 balance sheet date.


WESTERHAM BREWERY COMPANY LIMITED (REGISTERED NUMBER: 04819899)

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

Leases
Leases in which substantially all the risks and reward of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit and loss on a straight line basis over the period of the lease.

Lease are classified as finance leases wherever the terms of the lease transfer substantially all the risks and reward of ownership to the lessee.

Assets held under finance leases are recognised at the lower of fair value at inception of the lease and the present fair value of the minimum lease payments. These assets are depreciated on a straight line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

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.

Business combinations
Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business business combination agreement provides for an adjustment to the costs of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 24 (2022 - 23 ) .

WESTERHAM BREWERY COMPANY LIMITED (REGISTERED NUMBER: 04819899)

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


4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2023 87,031 1,652,937 1,739,968
Additions - 86,294 86,294
At 31 December 2023 87,031 1,739,231 1,826,262
DEPRECIATION
At 1 January 2023 20,868 1,241,796 1,262,664
Charge for year 3,482 119,844 123,326
At 31 December 2023 24,350 1,361,640 1,385,990
NET BOOK VALUE
At 31 December 2023 62,681 377,591 440,272
At 31 December 2022 66,163 411,141 477,304

5. FIXED ASSET INVESTMENTS
Interest
in
associate
£   
COST
At 1 January 2023
and 31 December 2023 20,000
NET BOOK VALUE
At 31 December 2023 20,000
At 31 December 2022 20,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 22,695 36,471
Other debtors 82,011 248,795
104,706 285,266

WESTERHAM BREWERY COMPANY LIMITED (REGISTERED NUMBER: 04819899)

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


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 44,415 35,273
Hire purchase contracts 4,192 6,533
Trade creditors 99,626 78,160
Taxation and social security 43,662 85,528
Other creditors 58,137 81,583
250,032 287,077

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £48,607 (2022: £41,806).

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans 92,295 157,757
Hire purchase contracts - 3,820
Other creditors - 17,157
92,295 178,734

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £92,295 (2022: £161,577).