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Company No: 14280082 (England and Wales)

DARTMOOR BREWERY 2022 LIMITED

Unaudited Financial Statements
For the financial year ended 30 April 2024
Pages for filing with the registrar

DARTMOOR BREWERY 2022 LIMITED

Unaudited Financial Statements

For the financial year ended 30 April 2024

Contents

DARTMOOR BREWERY 2022 LIMITED

COMPANY INFORMATION

For the financial year ended 30 April 2024
DARTMOOR BREWERY 2022 LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 30 April 2024
DIRECTORS Mr P B M Cliff
Mr P G Davies
SECRETARIES Mrs S Cliff
Mrs L J Davies
REGISTERED OFFICE 9 Lady Park Road
Livermead
Torquay
TQ2 6UA
United Kingdom
COMPANY NUMBER 14280082 (England and Wales)
CHARTERED ACCOUNTANTS Francis Clark LLP
Sigma House
Oak View Close
Edginswell Park
Torquay
TQ2 7FF
DARTMOOR BREWERY 2022 LIMITED

BALANCE SHEET

As at 30 April 2024
DARTMOOR BREWERY 2022 LIMITED

BALANCE SHEET (continued)

As at 30 April 2024
Note 2024 2023
£ £
Fixed assets
Investments 3 3,750,000 3,750,000
3,750,000 3,750,000
Current assets
Debtors 4 25,001 1
25,001 1
Net current assets 25,001 1
Total assets less current liabilities 3,775,001 3,750,001
Net assets 3,775,001 3,750,001
Capital and reserves
Called-up share capital 5 3,750,001 3,750,001
Profit and loss account 25,000 0
Total shareholders' funds 3,775,001 3,750,001

For the financial year ending 30 April 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 Dartmoor Brewery 2022 Limited (registered number: 14280082) were approved and authorised for issue by the Board of Directors on 11 September 2024. They were signed on its behalf by:

Mr P B M Cliff
Director
DARTMOOR BREWERY 2022 LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2024
DARTMOOR BREWERY 2022 LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2024
1. Accounting policies

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

General information and basis of accounting

Dartmoor Brewery 2022 Limited (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 9 Lady Park Road, Livermead, Torquay, TQ2 6UA, 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.

Group accounts exemption

Group accounts exemption s399
The Company has taken advantage of the exemption in section 399 of the Companies Act 2006 not to prepare consolidated accounts, because the group it heads qualifies as small. The financial statements present information about the Company as an individual entity only.

Dividend income

Dividend income is recognised when the company's right to receive payment has been established.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

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.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 0 0

3. Fixed asset investments

Investments in subsidiaries

2024
£
Cost
At 01 May 2023 3,750,000
At 30 April 2024 3,750,000
Carrying value at 30 April 2024 3,750,000
Carrying value at 30 April 2023 3,750,000

The Company holds 100% shares in Dartmoor Brewery Limited, incorporated in England and Wales. The principal activity of Dartmoor Brewery Limited is that of the brewing of ale of quality and distinction.

4. Debtors

2024 2023
£ £
Amounts owed by Group undertakings 25,000 0
Other debtors 1 1
25,001 1

5. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
3,750,001 Ordinary shares of £ 1.00 each 3,750,001 3,750,001