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REGISTERED NUMBER: 07681733 (England and Wales)















AUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 2 JANUARY 2023 TO 31 DECEMBER 2023

FOR

THE LEEDS BREWERY HOLDING COMPANY
LIMITED

THE LEEDS BREWERY HOLDING COMPANY
LIMITED (REGISTERED NUMBER: 07681733)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 2 JANUARY 2023 TO 31 DECEMBER 2023










Page

Statement of Financial Position 1

Notes to the Financial Statements 2 to 7


THE LEEDS BREWERY HOLDING COMPANY
LIMITED (REGISTERED NUMBER: 07681733)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2023

31.12.23 1.1.23
Notes £    £   
FIXED ASSETS
Intangible assets 5 51,733 61,433
Tangible assets 6 852,763 862,359
904,496 923,792

CURRENT ASSETS
Stocks 106,874 92,141
Debtors 7 1,143,087 392,784
Cash at bank and in hand 337,209 493,229
1,587,170 978,154
CREDITORS
Amounts falling due within one year 8 (1,069,159 ) (969,421 )
NET CURRENT ASSETS 518,011 8,733
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,422,507

932,525

PROVISIONS FOR LIABILITIES (100,257 ) (101,652 )
NET ASSETS 1,322,250 830,873

CAPITAL AND RESERVES
Called up share capital 922 922
Share premium 379,389 379,389
Retained earnings 941,939 450,562
SHAREHOLDERS' FUNDS 1,322,250 830,873

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 23 October 2024 and were signed on its behalf by:




C D Soley - Director



J R Foots - Director


THE LEEDS BREWERY HOLDING COMPANY
LIMITED (REGISTERED NUMBER: 07681733)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 2 JANUARY 2023 TO 31 DECEMBER 2023


1. STATUTORY INFORMATION

The Leeds Brewery Holding Company Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 07681733

Registered office: Main Gate House
Waldon Street
Hartlepool
Cleveland
TS24 7QS

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


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.

Significant judgements and estimates
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

The judgements that management has made in the process of applying the entity's accounting policies and that have the most significant effect on the amounts recognised in the financial statements are as follows:

(i) Estimated useful lives and residual values of fixed assets

As described in the notes to the financial statements, depreciation of tangible fixed assets has been based on estimated useful lives and residual values deemed appropriate by the directors. Estimated useful lives and residual values are reviewed annually and revised as appropriate. Revisions take into account estimated useful lives used by other companies operating in the sector and actual asset lives and residual values, as evidenced by disposals during the current and prior accounting periods.

(ii) Estimated useful life of goodwill acquired

As described in the notes to the financial statements, amortisation of acquired goodwill has been based on an estimated useful life deemed appropriate by the directors. This is reviewed annually and revised as appropriate.

THE LEEDS BREWERY HOLDING COMPANY
LIMITED (REGISTERED NUMBER: 07681733)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 2 JANUARY 2023 TO 31 DECEMBER 2023


2. ACCOUNTING POLICIES - continued

Revenue recognition
Turnover is the fair value of consideration received or receivable for goods and services provided in the normal course of the business, net of discounts, volume rebates and VAT. Sales of beverages and food are recognised when these goods are delivered to our patrons.Property rental income is recognised on a straight line basis over the life of the lease. Amusement machine royalties are recognised in the accounting period to which the income relates.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Short leasehold - straight line over the life of the lease
Fixtures and fittings - 20% straight line

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Debt instruments are subsequently measured at amortised cost.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

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 entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.


THE LEEDS BREWERY HOLDING COMPANY
LIMITED (REGISTERED NUMBER: 07681733)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 2 JANUARY 2023 TO 31 DECEMBER 2023


2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 period 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.

Going concern
The financial statements have been prepared on a going concern basis. The company meets its day to day working capital obligations from cash generated by its operations and it also relies on the financial support of its parent company, Camerons Brewery Limited. After reviewing the company's and the parent company’s forecasts and projections, the directors are confident that the company has adequate resources to continue in operational existence for the foreseeable future

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 133 (2023 - 134 ) .

4. AUDITORS' REMUNERATION
Period Period
2.1.23 3.1.22
to to
31.12.23 1.1.23
£    £   
Fees payable to the company's auditors for the audit of the
company's financial statements

5,716

7,383

THE LEEDS BREWERY HOLDING COMPANY
LIMITED (REGISTERED NUMBER: 07681733)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 2 JANUARY 2023 TO 31 DECEMBER 2023


5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 2 January 2023
and 31 December 2023 97,000
AMORTISATION
At 2 January 2023 35,567
Charge for period 9,700
At 31 December 2023 45,267
NET BOOK VALUE
At 31 December 2023 51,733
At 1 January 2023 61,433

6. TANGIBLE FIXED ASSETS
Fixtures
Short and
leasehold fittings Totals
£    £    £   
COST
At 2 January 2023 750,500 1,119,330 1,869,830
Additions - 50,725 50,725
At 31 December 2023 750,500 1,170,055 1,920,555
DEPRECIATION
At 2 January 2023 229,010 778,461 1,007,471
Charge for period 41,243 19,078 60,321
At 31 December 2023 270,253 797,539 1,067,792
NET BOOK VALUE
At 31 December 2023 480,247 372,516 852,763
At 1 January 2023 521,490 340,869 862,359

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 1.1.23
£    £   
Trade debtors 2,075 544
Amounts owed by group undertakings 996,420 162,409
Other debtors 144,592 229,831
1,143,087 392,784

THE LEEDS BREWERY HOLDING COMPANY
LIMITED (REGISTERED NUMBER: 07681733)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 2 JANUARY 2023 TO 31 DECEMBER 2023


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 1.1.23
£    £   
Trade creditors 603,571 572,777
Amounts owed to group undertakings 43,326 -
Taxation and social security 278,762 244,761
Other creditors 143,500 151,883
1,069,159 969,421



9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.12.23 1.1.23
£    £   
Within one year 558,849 559,508
Between one and five years 2,233,512 2,233,983
In more than five years 4,754,973 5,300,611
7,547,334 8,094,102

10. SECURED DEBTS

A mortgage charge exists in favour of HSBC Bank Plc dated 7th March 2018 incorporating a fixed charge and negative pledge over the following leasehold land and buildings: The Midnight Bell, 101 Water Lane, Leeds.

A mortgage charge exists in favour of HSBC Bank Plc dated 7th June 2017 incorporating a fixed charge and negative pledge over the following leasehold land and buildings: The Duke of York, 3-4 and 4A Kings Square, York.

A mortgage charge exists in favour of HSBC Bank Plc dated 13th December 2016 incorporating a fixed charge and negative pledge over the following leasehold land and buildings: The Lamb & Flag, 1 Church Row, Leeds. The Eagle & Child, 9-11 High Petergate, York. The Crowd of Favours, 4-12 Harper Street, Leeds and The White Swan, Swan Street, Leeds.

A mortgage charge exists in favour of HSBC Bank Plc dated 1st August 2016 incorporating a fixed charge and negative pledge over the following leasehold land and buildings: The Brewery Tap, 18-24 New Station Street, Leeds.

A fixed and floating charge and negative pledge exists dated 6th July 2016 in favour of HSBC Bank Plc, secured against all land and intellectual property.

11. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Helen Tidyman (Senior Statutory Auditor)
for and on behalf of Sumer Auditco Limited

THE LEEDS BREWERY HOLDING COMPANY
LIMITED (REGISTERED NUMBER: 07681733)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 2 JANUARY 2023 TO 31 DECEMBER 2023


12. RELATED PARTY DISCLOSURES

The company has taken advantage of the exemption from the disclosures required by paragraph 33.1A of Financial Reporting Standard 102 regarding transactions between fellow group companies.

13. ULTIMATE CONTROLLING PARTY

The ultimate parent undertaking is Camerons Brewery Limited, a company registered in England and Wales. Camerons Brewery Limited is the only group company that prepares consolidated financial statements, including the accounts of this company. Its principle place of business and registered office is Main Gate House, Waldon Street, Hartlepool, Cleveland, TS24 7QS.