LONG ARM BREWING CO LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 25 FEBRUARY 2024
Long Arm Brewing Co Limited is a private company, limited by shares and incorporated and domiciled in England and Wales.
The registered office of the Company is 10 Queen Street Place, London, EC4R 1AG. Its principal place of business is 3 Hatton Wall, London, EC1N 8HX.
The Company is registered in England and Wales, registered number 09252476.
2.Accounting policies
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Basis of preparation of financial statements
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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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies.
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.
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Amounts owed by group undertakings
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Related party transactions
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The Company has taken advantage of exemptions available under Section 33.11 in relation to disclosure of transations with group companies. These are included within the consolidated accounts as prepared by its ultimate parent company, ETM Group Holdings Limited.
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