Caseware UK (AP4) 2023.0.135 2023.0.135 2023-09-302023-09-30The principal activity of the company during the period was that of acting as a public house.true2022-10-01false3033trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 12913064 2022-10-01 2023-09-30 12913064 2023-09-30 12913064 2021-10-01 2022-09-30 12913064 2022-09-30 12913064 c:Director1 2022-10-01 2023-09-30 12913064 d:FurnitureFittings 2022-10-01 2023-09-30 12913064 d:FurnitureFittings 2023-09-30 12913064 d:FurnitureFittings 2022-09-30 12913064 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-10-01 2023-09-30 12913064 d:OfficeEquipment 2022-10-01 2023-09-30 12913064 d:OfficeEquipment 2023-09-30 12913064 d:OfficeEquipment 2022-09-30 12913064 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-10-01 2023-09-30 12913064 d:OwnedOrFreeholdAssets 2022-10-01 2023-09-30 12913064 d:CurrentFinancialInstruments 2023-09-30 12913064 d:CurrentFinancialInstruments 2022-09-30 12913064 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 12913064 d:CurrentFinancialInstruments d:WithinOneYear 2022-09-30 12913064 d:ShareCapital 2023-09-30 12913064 d:ShareCapital 2022-09-30 12913064 d:RetainedEarningsAccumulatedLosses 2023-09-30 12913064 d:RetainedEarningsAccumulatedLosses 2022-09-30 12913064 d:AcceleratedTaxDepreciationDeferredTax 2023-09-30 12913064 d:AcceleratedTaxDepreciationDeferredTax 2022-09-30 12913064 c:FRS102 2022-10-01 2023-09-30 12913064 c:AuditExempt-NoAccountantsReport 2022-10-01 2023-09-30 12913064 c:FullAccounts 2022-10-01 2023-09-30 12913064 c:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30 12913064 e:PoundSterling 2022-10-01 2023-09-30 iso4217:GBP xbrli:pure
Registered number: 12913064


THE OXFORDSHIRE BREWERY AND BEERS LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2023

 
THE OXFORDSHIRE BREWERY AND BEERS LIMITED
REGISTERED NUMBER: 12913064

BALANCE SHEET
AS AT 30 SEPTEMBER 2023

2023
2022
£
£

Fixed assets

Tangible assets
27,678
11,580

27,678
11,580

Current assets

Stocks
35,000
25,000

Debtors: amounts falling due within one year
160,818
75,179

Cash at bank and in hand
2,969
168

198,787
100,347

Creditors: amounts falling due within one year
(350,783)
(190,324)

Net current liabilities
 
 
(151,996)
 
 
(89,977)

Total assets less current liabilities
(124,318)
(78,397)

Provisions for liabilities

Deferred tax
(6,919)
(2,201)

 
 
(6,919)
 
 
(2,201)

Net liabilities
(131,237)
(80,598)


Capital and reserves

Called up share capital 
100
100

Profit and loss account
(131,337)
(80,698)

(131,237)
(80,598)


Page 1

 
THE OXFORDSHIRE BREWERY AND BEERS LIMITED
REGISTERED NUMBER: 12913064
    
BALANCE SHEET (CONTINUED)
AS AT 30 SEPTEMBER 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




J Chipchase
Director

Date: 28 October 2024

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
THE OXFORDSHIRE BREWERY AND BEERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

1.


General information

The Oxfordshire Brewery and Beers Limited is a private limited company limited by share capital, incorporated in England and Wales. The comnpany's registration number is 12913064. The trading address of the company is The Tite Inn, Mill End, Chadlington, Chipping Norton, OX7 3NY

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.3

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of income and retained earnings in the same period as the related expenditure.

Page 3

 
THE OXFORDSHIRE BREWERY AND BEERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

2.Accounting policies (continued)

 
2.4

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.5

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 4

 
THE OXFORDSHIRE BREWERY AND BEERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

2.Accounting policies (continued)


2.6
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Fixtures and fittings
-
20%
Straight line
Office equipment
-
20%
Straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.7

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 5

 
THE OXFORDSHIRE BREWERY AND BEERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

2.Accounting policies (continued)

 
2.11

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.12

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using
Page 6

 
THE OXFORDSHIRE BREWERY AND BEERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

2.Accounting policies (continued)


2.12
Financial instruments (continued)

the effective interest method. Discounting is omitted where the effect of discounting is immaterial.


3.


Employees

The average monthly number of employees, including directors, during the year was 30 (2022 - 33).


4.


Tangible fixed assets





Fixtures and fittings
Office equipment
Total

£
£
£



Cost or valuation


At 1 October 2022
11,465
5,913
17,378


Additions
21,809
2,657
24,466



At 30 September 2023

33,274
8,570
41,844



Depreciation


At 1 October 2022
4,364
1,433
5,797


Charge for the year on owned assets
6,655
1,714
8,369



At 30 September 2023

11,019
3,147
14,166



Net book value



At 30 September 2023
22,255
5,423
27,678



At 30 September 2022
7,101
4,479
11,580

Page 7

 
THE OXFORDSHIRE BREWERY AND BEERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

5.


Debtors

2023
2022
£
£


Amounts owed by group undertakings
159,223
74,409

Other debtors
1,595
770

160,818
75,179



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
37,857
32,667

Other taxation and social security
169,524
87,540

Other creditors
143,402
70,117

350,783
190,324



7.


Deferred taxation




2023


£






At beginning of year
(2,200)


Charged to profit or loss
(4,719)



At end of year
(6,919)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Accelerated capital allowances
(6,919)
(2,200)

(6,919)
(2,200)

Page 8

 
THE OXFORDSHIRE BREWERY AND BEERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

8.


Pension commitments

The Company contributes into a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company  in an independently administered fund. The pension cost charge represents contributions payable by the Company  to the fund and amounted to £2,393 (2022 - £2,751). Contributions totalling £424 (2022 - £655) were payable to the fund at the balance sheet date and are included in creditors.


9.


Controlling party

The ultimate controlling party by virtue of its shareholding is Oxfordshire Inns Ltd.

 
Page 9