2023-03-012024-02-292024-02-29false12720836THE HORSHAM BREWERY COMPANY LIMITED2024-11-1447810iso4217:GBPxbrli:pure127208362023-03-01127208362024-02-29127208362023-03-012024-02-29127208362022-03-01127208362023-02-28127208362022-03-012023-02-2812720836bus:SmallEntities2023-03-012024-02-2912720836bus:AuditExempt-NoAccountantsReport2023-03-012024-02-2912720836bus:FullAccounts2023-03-012024-02-2912720836bus:PrivateLimitedCompanyLtd2023-03-012024-02-2912720836core:WithinOneYear2024-02-2912720836core:AfterOneYear2024-02-2912720836core:WithinOneYear2023-02-2812720836core:AfterOneYear2023-02-2812720836core:ShareCapital2024-02-2912720836core:SharePremium2024-02-2912720836core:RevaluationReserve2024-02-2912720836core:OtherReservesSubtotal2024-02-2912720836core:RetainedEarningsAccumulatedLosses2024-02-2912720836core:ShareCapital2023-02-2812720836core:SharePremium2023-02-2812720836core:RevaluationReserve2023-02-2812720836core:OtherReservesSubtotal2023-02-2812720836core:RetainedEarningsAccumulatedLosses2023-02-2812720836core:LandBuildings2024-02-2912720836core:PlantMachinery2024-02-2912720836core:Vehicles2024-02-2912720836core:FurnitureFittings2024-02-2912720836core:OfficeEquipment2024-02-2912720836core:NetGoodwill2024-02-2912720836core:IntangibleAssetsOtherThanGoodwill2024-02-2912720836core:ListedExchangeTraded2024-02-2912720836core:UnlistedNon-exchangeTraded2024-02-2912720836core:LandBuildings2023-02-2812720836core:PlantMachinery2023-02-2812720836core:Vehicles2023-02-2812720836core:FurnitureFittings2023-02-2812720836core:OfficeEquipment2023-02-2812720836core:NetGoodwill2023-02-2812720836core:IntangibleAssetsOtherThanGoodwill2023-02-2812720836core:ListedExchangeTraded2023-02-2812720836core:UnlistedNon-exchangeTraded2023-02-2812720836core:LandBuildings2023-03-012024-02-2912720836core:PlantMachinery2023-03-012024-02-2912720836core:Vehicles2023-03-012024-02-2912720836core:FurnitureFittings2023-03-012024-02-2912720836core:OfficeEquipment2023-03-012024-02-2912720836core:NetGoodwill2023-03-012024-02-2912720836core:IntangibleAssetsOtherThanGoodwill2023-03-012024-02-2912720836core:ListedExchangeTraded2023-03-012024-02-2912720836core:UnlistedNon-exchangeTraded2023-03-012024-02-2912720836core:MoreThanFiveYears2023-03-012024-02-2912720836core:Non-currentFinancialInstruments2024-02-2912720836core:Non-currentFinancialInstruments2023-02-2812720836dpl:CostSales2023-03-012024-02-2912720836dpl:DistributionCosts2023-03-012024-02-2912720836core:LandBuildings2023-03-012024-02-2912720836core:PlantMachinery2023-03-012024-02-2912720836core:Vehicles2023-03-012024-02-2912720836core:FurnitureFittings2023-03-012024-02-2912720836core:OfficeEquipment2023-03-012024-02-2912720836dpl:AdministrativeExpenses2023-03-012024-02-2912720836core:NetGoodwill2023-03-012024-02-2912720836core:IntangibleAssetsOtherThanGoodwill2023-03-012024-02-2912720836dpl:GroupUndertakings2023-03-012024-02-2912720836dpl:ParticipatingInterests2023-03-012024-02-2912720836dpl:GroupUndertakingscore:ListedExchangeTraded2023-03-012024-02-2912720836core:ListedExchangeTraded2023-03-012024-02-2912720836dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-03-012024-02-2912720836core:UnlistedNon-exchangeTraded2023-03-012024-02-2912720836dpl:CostSales2022-03-012023-02-2812720836dpl:DistributionCosts2022-03-012023-02-2812720836core:LandBuildings2022-03-012023-02-2812720836core:PlantMachinery2022-03-012023-02-2812720836core:Vehicles2022-03-012023-02-2812720836core:FurnitureFittings2022-03-012023-02-2812720836core:OfficeEquipment2022-03-012023-02-2812720836dpl:AdministrativeExpenses2022-03-012023-02-2812720836core:NetGoodwill2022-03-012023-02-2812720836core:IntangibleAssetsOtherThanGoodwill2022-03-012023-02-2812720836dpl:GroupUndertakings2022-03-012023-02-2812720836dpl:ParticipatingInterests2022-03-012023-02-2812720836dpl:GroupUndertakingscore:ListedExchangeTraded2022-03-012023-02-2812720836core:ListedExchangeTraded2022-03-012023-02-2812720836dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-03-012023-02-2812720836core:UnlistedNon-exchangeTraded2022-03-012023-02-2812720836core:NetGoodwill2024-02-2912720836core:IntangibleAssetsOtherThanGoodwill2024-02-2912720836core:LandBuildings2024-02-2912720836core:PlantMachinery2024-02-2912720836core:Vehicles2024-02-2912720836core:FurnitureFittings2024-02-2912720836core:OfficeEquipment2024-02-2912720836core:AfterOneYear2024-02-2912720836core:WithinOneYear2024-02-2912720836core:ListedExchangeTraded2024-02-2912720836core:UnlistedNon-exchangeTraded2024-02-2912720836core:ShareCapital2024-02-2912720836core:SharePremium2024-02-2912720836core:RevaluationReserve2024-02-2912720836core:OtherReservesSubtotal2024-02-2912720836core:RetainedEarningsAccumulatedLosses2024-02-2912720836core:NetGoodwill2023-02-2812720836core:IntangibleAssetsOtherThanGoodwill2023-02-2812720836core:LandBuildings2023-02-2812720836core:PlantMachinery2023-02-2812720836core:Vehicles2023-02-2812720836core:FurnitureFittings2023-02-2812720836core:OfficeEquipment2023-02-2812720836core:AfterOneYear2023-02-2812720836core:WithinOneYear2023-02-2812720836core:ListedExchangeTraded2023-02-2812720836core:UnlistedNon-exchangeTraded2023-02-2812720836core:ShareCapital2023-02-2812720836core:SharePremium2023-02-2812720836core:RevaluationReserve2023-02-2812720836core:OtherReservesSubtotal2023-02-2812720836core:RetainedEarningsAccumulatedLosses2023-02-2812720836core:NetGoodwill2022-03-0112720836core:IntangibleAssetsOtherThanGoodwill2022-03-0112720836core:LandBuildings2022-03-0112720836core:PlantMachinery2022-03-0112720836core:Vehicles2022-03-0112720836core:FurnitureFittings2022-03-0112720836core:OfficeEquipment2022-03-0112720836core:AfterOneYear2022-03-0112720836core:WithinOneYear2022-03-0112720836core:ListedExchangeTraded2022-03-0112720836core:UnlistedNon-exchangeTraded2022-03-0112720836core:ShareCapital2022-03-0112720836core:SharePremium2022-03-0112720836core:RevaluationReserve2022-03-0112720836core:OtherReservesSubtotal2022-03-0112720836core:RetainedEarningsAccumulatedLosses2022-03-0112720836core:AfterOneYear2023-03-012024-02-2912720836core:WithinOneYear2023-03-012024-02-2912720836core:Non-currentFinancialInstrumentscore:CostValuation2023-03-012024-02-2912720836core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-03-012024-02-2912720836core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-03-012024-02-2912720836core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-03-012024-02-2912720836core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-03-012024-02-2912720836core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-03-012024-02-2912720836core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-03-012024-02-2912720836core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-03-012024-02-2912720836core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-03-012024-02-2912720836core:Non-currentFinancialInstrumentscore:CostValuation2024-02-2912720836core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2024-02-2912720836core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2024-02-2912720836core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2024-02-2912720836core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2024-02-2912720836core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2024-02-2912720836core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2024-02-2912720836core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2024-02-2912720836core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2024-02-2912720836core:Non-currentFinancialInstrumentscore:CostValuation2023-02-2812720836core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-02-2812720836core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-02-2812720836core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-02-2812720836core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-02-2812720836core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-02-2812720836core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-02-2812720836core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-02-2812720836core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-02-2812720836bus:Director12023-03-012024-02-2912720836bus:Director22023-03-012024-02-29

THE HORSHAM BREWERY COMPANY LIMITED

Registered Number
12720836
(England and Wales)

Unaudited Financial Statements for the Year ended
29 February 2024

THE HORSHAM BREWERY COMPANY LIMITED
Company Information
for the year from 1 March 2023 to 29 February 2024

Directors

HILL, Rohan
PITTS, Timothy Stuart

Registered Address

1 Gemini Court, 42a Throwley Way
Sutton
SM1 4AF

Place of Business


Registered Number

12720836 (England and Wales)
THE HORSHAM BREWERY COMPANY LIMITED
Statement of Financial Position
29 February 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets323,89131,555
23,89131,555
Current assets
Stocks49,4008,620
Debtors59,6867,996
Cash at bank and on hand2,0475,275
21,13321,891
Creditors amounts falling due within one year6(45,454)(42,424)
Net current assets (liabilities)(24,321)(20,533)
Total assets less current liabilities(430)11,022
Creditors amounts falling due after one year7(16,186)(21,996)
Accruals and deferred income(2,598)(2,207)
Net assets(19,214)(13,181)
Capital and reserves
Called up share capital100100
Profit and loss account(19,314)(13,281)
Shareholders' funds(19,214)(13,181)
The financial statements were approved and authorised for issue by the Board of Directors on 14 November 2024, and are signed on its behalf by:
HILL, Rohan
Director
PITTS, Timothy Stuart
Director

Registered Company No. 12720836
THE HORSHAM BREWERY COMPANY LIMITED
Notes to the Financial Statements
for the year ended 29 February 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.
Going concern
The directors are aware of their responsibilities whilst trading insolvent and will not seek to repay their director loans until the company is in a solvent position.
Turnover policy
Turnover represents sales of goods net of VAT and trade discounts. Turnover is recognised when the goods are physically delivered to the customer.
Current taxation
Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.
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.
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 (%)
Plant and machinery25
Stocks and work in progress
Inventories 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 year22
3.Tangible fixed assets

Plant & machinery

Total

££
Cost or valuation
At 01 March 2348,32448,324
Additions300300
At 29 February 2448,62448,624
Depreciation and impairment
At 01 March 2316,76916,769
Charge for year7,9647,964
At 29 February 2424,73324,733
Net book value
At 29 February 2423,89123,891
At 28 February 2331,55531,555
4.Stocks

2024

2023

££
Raw materials and consumables9,4008,620
Total9,4008,620
5.Debtors: amounts due within one year

2024

2023

££
Other debtors3,0562,841
Prepayments and accrued income300167
Total3,3563,008
6.Creditors: amounts due within one year

2024

2023

££
Bank borrowings and overdrafts5,8105,431
Taxation and social security1,012-
Other creditors38,63236,993
Total45,45442,424
7.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts16,18621,996
Total16,18621,996