Silverfin false false 31/03/2024 01/04/2023 31/03/2024 E J Bradshaw 05/09/2020 H S Bradshaw 17/10/2018 W E Bradshaw 17/10/2018 17 November 2024 The principal activity of the Company during the financial year is that of a public house and bar. 11627444 2024-03-31 11627444 bus:Director1 2024-03-31 11627444 bus:Director2 2024-03-31 11627444 bus:Director3 2024-03-31 11627444 2023-03-31 11627444 core:CurrentFinancialInstruments 2024-03-31 11627444 core:CurrentFinancialInstruments 2023-03-31 11627444 core:Non-currentFinancialInstruments 2024-03-31 11627444 core:Non-currentFinancialInstruments 2023-03-31 11627444 core:ShareCapital 2024-03-31 11627444 core:ShareCapital 2023-03-31 11627444 core:RetainedEarningsAccumulatedLosses 2024-03-31 11627444 core:RetainedEarningsAccumulatedLosses 2023-03-31 11627444 core:Goodwill 2023-03-31 11627444 core:Goodwill 2024-03-31 11627444 core:LandBuildings 2023-03-31 11627444 core:FurnitureFittings 2023-03-31 11627444 core:LandBuildings 2024-03-31 11627444 core:FurnitureFittings 2024-03-31 11627444 2023-04-01 2024-03-31 11627444 bus:FilletedAccounts 2023-04-01 2024-03-31 11627444 bus:SmallEntities 2023-04-01 2024-03-31 11627444 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 11627444 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 11627444 bus:Director1 2023-04-01 2024-03-31 11627444 bus:Director2 2023-04-01 2024-03-31 11627444 bus:Director3 2023-04-01 2024-03-31 11627444 core:Goodwill core:TopRangeValue 2023-04-01 2024-03-31 11627444 core:LandBuildings 2023-04-01 2024-03-31 11627444 core:FurnitureFittings 2023-04-01 2024-03-31 11627444 2022-04-01 2023-03-31 11627444 core:Goodwill 2023-04-01 2024-03-31 11627444 core:Non-currentFinancialInstruments 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Company No: 11627444 (England and Wales)

MONKEY BREWHOUSE LIMITED

Unaudited Financial Statements
For the financial year ended 31 March 2024
Pages for filing with the registrar

MONKEY BREWHOUSE LIMITED

Unaudited Financial Statements

For the financial year ended 31 March 2024

Contents

MONKEY BREWHOUSE LIMITED

BALANCE SHEET

As at 31 March 2024
MONKEY BREWHOUSE LIMITED

BALANCE SHEET (continued)

As at 31 March 2024
Note 2024 2023
£ £
Fixed assets
Intangible assets 3 34,375 39,875
Tangible assets 4 1,333,447 1,357,151
1,367,822 1,397,026
Current assets
Stocks 5 16,312 20,296
Debtors 6 13,182 12,140
Cash at bank and in hand 118,145 189,959
147,639 222,395
Creditors: amounts falling due within one year 7 ( 275,906) ( 341,367)
Net current liabilities (128,267) (118,972)
Total assets less current liabilities 1,239,555 1,278,054
Creditors: amounts falling due after more than one year 8 ( 750,000) ( 750,000)
Provision for liabilities ( 46,960) ( 38,752)
Net assets 442,595 489,302
Capital and reserves
Called-up share capital 100 100
Profit and loss account 442,495 489,202
Total shareholders' funds 442,595 489,302

For the financial year ending 31 March 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 Monkey Brewhouse Limited (registered number: 11627444) were approved and authorised for issue by the Board of Directors on 17 November 2024. They were signed on its behalf by:

W E Bradshaw
Director
MONKEY BREWHOUSE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
MONKEY BREWHOUSE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 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

Monkey Brewhouse 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 167 Southampton Road, Lymington, Hampshire, SO41 9HA, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and 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 note that the business has net assets of £442,595. The Company is supported through loans from the directors. The directors have confirmed that the loan facilities will continue to be available for at least 12 months from the date of signing these financial statements and the directors will continue to support the Company. Given the current position, the directors believe that any foreseeable debts can be met 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.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.
Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.
Revenue from services is recognised as they are delivered.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill 10 years straight line
Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a reducing balance basis over its expected useful life, as follows:

Land and buildings not depreciated
15 % reducing balance
Fixtures and fittings 15 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow- moving or defective items where appropriate.

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.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 31 28

3. Intangible assets

Goodwill Total
£ £
Cost
At 01 April 2023 55,000 55,000
At 31 March 2024 55,000 55,000
Accumulated amortisation
At 01 April 2023 15,125 15,125
Charge for the financial year 5,500 5,500
At 31 March 2024 20,625 20,625
Net book value
At 31 March 2024 34,375 34,375
At 31 March 2023 39,875 39,875

4. Tangible assets

Land and buildings Fixtures and fittings Total
£ £ £
Cost
At 01 April 2023 1,227,213 205,650 1,432,863
Additions 0 7,181 7,181
Disposals 0 ( 4,083) ( 4,083)
At 31 March 2024 1,227,213 208,748 1,435,961
Accumulated depreciation
At 01 April 2023 13,177 62,535 75,712
Charge for the financial year 7,514 20,283 27,797
Disposals 0 ( 995) ( 995)
At 31 March 2024 20,691 81,823 102,514
Net book value
At 31 March 2024 1,206,522 126,925 1,333,447
At 31 March 2023 1,214,036 143,115 1,357,151

5. Stocks

2024 2023
£ £
Stocks 16,312 20,296

6. Debtors

2024 2023
£ £
Trade debtors 0 3,732
Other debtors 13,182 8,408
13,182 12,140

7. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 5,539 0
Taxation and social security 64,916 69,653
Other creditors 205,451 271,714
275,906 341,367

8. Creditors: amounts falling due after more than one year

2024 2023
£ £
Other creditors 750,000 750,000

There are no amounts included above in respect of which any security has been given by the small entity.