2023-04-012024-03-312024-03-31false09898317The Ship Inn & Brewery Ltd2024-06-25iso4217:GBPxbrli:pure098983172023-04-01098983172024-03-31098983172023-04-012024-03-31098983172022-04-01098983172023-03-31098983172022-04-012023-03-3109898317bus:SmallEntities2023-04-012024-03-3109898317bus:AuditExempt-NoAccountantsReport2023-04-012024-03-3109898317bus:FullAccounts2023-04-012024-03-3109898317bus:PrivateLimitedCompanyLtd2023-04-012024-03-3109898317core:WithinOneYear2024-03-3109898317core:AfterOneYear2024-03-3109898317core:WithinOneYear2023-03-3109898317core:AfterOneYear2023-03-3109898317core:ShareCapital2024-03-3109898317core:SharePremium2024-03-3109898317core:RevaluationReserve2024-03-3109898317core:OtherReservesSubtotal2024-03-3109898317core:RetainedEarningsAccumulatedLosses2024-03-3109898317core:ShareCapital2023-03-3109898317core:SharePremium2023-03-3109898317core:RevaluationReserve2023-03-3109898317core:OtherReservesSubtotal2023-03-3109898317core:RetainedEarningsAccumulatedLosses2023-03-3109898317core:LandBuildings2024-03-3109898317core:PlantMachinery2024-03-3109898317core:Vehicles2024-03-3109898317core:FurnitureFittings2024-03-3109898317core:OfficeEquipment2024-03-3109898317core:NetGoodwill2024-03-3109898317core:IntangibleAssetsOtherThanGoodwill2024-03-3109898317core:ListedExchangeTraded2024-03-3109898317core:UnlistedNon-exchangeTraded2024-03-3109898317core:LandBuildings2023-03-3109898317core:PlantMachinery2023-03-3109898317core:Vehicles2023-03-3109898317core:FurnitureFittings2023-03-3109898317core:OfficeEquipment2023-03-3109898317core:NetGoodwill2023-03-3109898317core:IntangibleAssetsOtherThanGoodwill2023-03-3109898317core:ListedExchangeTraded2023-03-3109898317core:UnlistedNon-exchangeTraded2023-03-3109898317core:LandBuildings2023-04-012024-03-3109898317core:PlantMachinery2023-04-012024-03-3109898317core:Vehicles2023-04-012024-03-3109898317core:FurnitureFittings2023-04-012024-03-3109898317core:OfficeEquipment2023-04-012024-03-3109898317core:NetGoodwill2023-04-012024-03-3109898317core:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3109898317core:ListedExchangeTraded2023-04-012024-03-3109898317core:UnlistedNon-exchangeTraded2023-04-012024-03-3109898317core:MoreThanFiveYears2023-04-012024-03-3109898317core:Non-currentFinancialInstruments2024-03-3109898317core:Non-currentFinancialInstruments2023-03-3109898317dpl:CostSales2023-04-012024-03-3109898317dpl:DistributionCosts2023-04-012024-03-3109898317core:LandBuildings2023-04-012024-03-3109898317core:PlantMachinery2023-04-012024-03-3109898317core:Vehicles2023-04-012024-03-3109898317core:FurnitureFittings2023-04-012024-03-3109898317core:OfficeEquipment2023-04-012024-03-3109898317dpl:AdministrativeExpenses2023-04-012024-03-3109898317core:NetGoodwill2023-04-012024-03-3109898317core:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3109898317dpl:GroupUndertakings2023-04-012024-03-3109898317dpl:ParticipatingInterests2023-04-012024-03-3109898317dpl:GroupUndertakingscore:ListedExchangeTraded2023-04-012024-03-3109898317core:ListedExchangeTraded2023-04-012024-03-3109898317dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-04-012024-03-3109898317core:UnlistedNon-exchangeTraded2023-04-012024-03-3109898317dpl:CostSales2022-04-012023-03-3109898317dpl:DistributionCosts2022-04-012023-03-3109898317core:LandBuildings2022-04-012023-03-3109898317core:PlantMachinery2022-04-012023-03-3109898317core:Vehicles2022-04-012023-03-3109898317core:FurnitureFittings2022-04-012023-03-3109898317core:OfficeEquipment2022-04-012023-03-3109898317dpl:AdministrativeExpenses2022-04-012023-03-3109898317core:NetGoodwill2022-04-012023-03-3109898317core:IntangibleAssetsOtherThanGoodwill2022-04-012023-03-3109898317dpl:GroupUndertakings2022-04-012023-03-3109898317dpl:ParticipatingInterests2022-04-012023-03-3109898317dpl:GroupUndertakingscore:ListedExchangeTraded2022-04-012023-03-3109898317core:ListedExchangeTraded2022-04-012023-03-3109898317dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-04-012023-03-3109898317core:UnlistedNon-exchangeTraded2022-04-012023-03-3109898317core:NetGoodwill2024-03-3109898317core:IntangibleAssetsOtherThanGoodwill2024-03-3109898317core:LandBuildings2024-03-3109898317core:PlantMachinery2024-03-3109898317core:Vehicles2024-03-3109898317core:FurnitureFittings2024-03-3109898317core:OfficeEquipment2024-03-3109898317core:AfterOneYear2024-03-3109898317core:WithinOneYear2024-03-3109898317core:ListedExchangeTraded2024-03-3109898317core:UnlistedNon-exchangeTraded2024-03-3109898317core:ShareCapital2024-03-3109898317core:SharePremium2024-03-3109898317core:RevaluationReserve2024-03-3109898317core:OtherReservesSubtotal2024-03-3109898317core:RetainedEarningsAccumulatedLosses2024-03-3109898317core:NetGoodwill2023-03-3109898317core:IntangibleAssetsOtherThanGoodwill2023-03-3109898317core:LandBuildings2023-03-3109898317core:PlantMachinery2023-03-3109898317core:Vehicles2023-03-3109898317core:FurnitureFittings2023-03-3109898317core:OfficeEquipment2023-03-3109898317core:AfterOneYear2023-03-3109898317core:WithinOneYear2023-03-3109898317core:ListedExchange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The Ship Inn & Brewery Ltd

Registered Number
09898317
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2024

The Ship Inn & Brewery Ltd
Company Information
for the year from 1 April 2023 to 31 March 2024

Directors

Christine Forsyth
Hannah Forsyth

Registered Address

The Ship Inn
Newton-By-The-Sea
Alnwick
NE66 3EL

Registered Number

09898317 (England and Wales)
The Ship Inn & Brewery Ltd
Balance Sheet as at
31 March 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets444,92847,509
44,92847,509
Current assets
Stocks59,6178,292
Debtors8244,657
Cash at bank and on hand225,401166,536
235,842179,485
Prepayments and accrued income4,1671,195
Creditors amounts falling due within one year6(107,529)(95,538)
Net current assets (liabilities)132,48085,142
Total assets less current liabilities177,408132,651
Creditors amounts falling due after one year7(11,667)(21,667)
Provisions for liabilities8(4,454)(3,258)
Accruals and deferred income(11,230)(600)
Net assets150,057107,126
Capital and reserves
Called up share capital33
Profit and loss account150,054107,123
Shareholders' funds150,057107,126
The financial statements were approved and authorised for issue by the Board of Directors on 25 June 2024, and are signed on its behalf by:
Christine Forsyth
Director
Registered Company No. 09898317
The Ship Inn & Brewery Ltd
Notes to the Financial Statements
for the year ended 31 March 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Intangible assets
Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)Straight line (years)
Land and buildings-20
Fixtures and fittings20-
Office Equipment-3
Finance leases and hire purchase contracts
Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.
Stocks and work in progress
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
2.Average number of employees

20242023
Average number of employees during the year2021
3.Intangible assets

Goodwill

Total

££
Cost or valuation
At 01 April 2363,50063,500
At 31 March 2463,50063,500
Amortisation and impairment
At 01 April 2363,50063,500
At 31 March 2463,50063,500
Net book value
At 31 March 24--
At 31 March 23--
4.Tangible fixed assets

Land & buildings

Fixtures & fittings

Office Equipment

Total

££££
Cost or valuation
At 01 April 2340,79773,2362,881116,914
Additions-3,962-3,962
At 31 March 2440,79777,1982,881120,876
Depreciation and impairment
At 01 April 2311,54357,10575769,405
Charge for year2,0403,7377666,543
At 31 March 2413,58360,8421,52375,948
Net book value
At 31 March 2427,21416,3561,35844,928
At 31 March 2329,25416,1312,12447,509
5.Stocks

2024

2023

££
Finished goods9,6178,292
Total9,6178,292
6.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables8,28713,623
Bank borrowings and overdrafts10,00010,000
Taxation and social security52,83034,108
Other creditors36,41237,807
Total107,52995,538
Short term creditors are measured at transaction price (which is usually the invoice price).
7.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts11,66721,667
Total11,66721,667
8.Provisions for liabilities

2024

2023

££
Net deferred tax liability (asset)4,4543,258
Total4,4543,258