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REGISTERED NUMBER: 03026958 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

BISPHAM GREEN BREWERY COMPANY LIMITED

BISPHAM GREEN BREWERY COMPANY LIMITED (REGISTERED NUMBER: 03026958)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 29 February 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


BISPHAM GREEN BREWERY COMPANY LIMITED

COMPANY INFORMATION
for the Year Ended 29 February 2024







DIRECTORS: M J Ainscough
H M Ainscough



REGISTERED OFFICE: Woodlands
Parbold
Wigan
Lancashire
WN8 7AN



REGISTERED NUMBER: 03026958 (England and Wales)



ACCOUNTANTS: Fairhurst Accountants Ltd
Chartered Accountants
Douglas Bank House
Wigan Lane
Wigan
Lancashire
WN1 2TB



BANKERS: Santander UK Plc
2 Triton Square
Regent's Place
London
NW1 3AN



SOLICITORS: MSB Law LLP
13th Floor
Silkhouse Court
Tithebarn Street
Liverpool
L2 2LZ

BISPHAM GREEN BREWERY COMPANY LIMITED (REGISTERED NUMBER: 03026958)

STATEMENT OF FINANCIAL POSITION
29 February 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,173,032 3,158,554
Investments 5 - 173,000
3,173,032 3,331,554

CURRENT ASSETS
Stocks 68,025 71,697
Debtors 6 20,319 34,708
Cash at bank and in hand 19,573 132,780
107,917 239,185
CREDITORS
Amounts falling due within one year 7 285,894 304,223
NET CURRENT LIABILITIES (177,977 ) (65,038 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,995,055

3,266,516

CREDITORS
Amounts falling due after more than one
year

8

1,170,854

1,242,766
NET ASSETS 1,824,201 2,023,750

CAPITAL AND RESERVES
Called up share capital 1,400,000 1,400,000
Revaluation reserve 2,293,416 2,293,416
Retained earnings (1,869,215 ) (1,669,666 )
SHAREHOLDERS' FUNDS 1,824,201 2,023,750

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

BISPHAM GREEN BREWERY COMPANY LIMITED (REGISTERED NUMBER: 03026958)

STATEMENT OF FINANCIAL POSITION - continued
29 February 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 November 2024 and were signed on its behalf by:





M J Ainscough - Director


BISPHAM GREEN BREWERY COMPANY LIMITED (REGISTERED NUMBER: 03026958)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Bispham Green Brewery Company Limited is a private company, limited by shares, registered in England & Wales. The company's registered number and registered office address can be found on the Company Information page.

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 as modified by the revaluation of certain assets.

Turnover
Turnover represents income receivable from the Company's principal activities of operating public houses, restaurants and cafés and a hotel and leisure club and is net of value added tax.

Sales of goods and services provided in the public houses, restaurants and cafés are recognised at the point of sale.

Memberships at the leisure club are recognised over the period of the membership on a monthly basis.

Hotel income is recognised at the end of each period of residence on a room by room basis.

Deposits for events held at the hotel are recognised as income only when the event has been undertaken.

Rental income
Rental income from operating leases is recognised on a straight-line basis over the term of the relevant lease unless the lease payments are structured to increase in line with expected general inflation in which case the income is recognised as revenue in accordance with the expected payments. Rental income is included in other income.

Tangible fixed assets
Tangible fixed assets are stated at cost or valuation less depreciation and any impairment losses.

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over it's estimated useful life:

Freehold property-1% on cost or valuation
Investment property-not provided
Long leasehold property-over the remaining term of the lease
Improvements to property-5% on cost
Fixtures and fittings-15% on cost


Impairment of assets
At each reporting date assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If the recoverable amount is lower, the carrying amount of the asset is reduced to its recoverable amount and an impairment loss is recognised immediately in the profit or loss.

If an impairment loss is subsequently reversed, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, but not to exceed the amount that would have been determined had no impairment loss been recognised for the asset in prior periods. A reversal of an impairment loss is recognised immediately in the profit or loss.

BISPHAM GREEN BREWERY COMPANY LIMITED (REGISTERED NUMBER: 03026958)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 29 February 2024

2. ACCOUNTING POLICIES - continued

Stocks
Stocks are measured at the lower of cost and selling price less cost to complete and sell. Cost is measured at the most recent purchase price and other costs incurred in bringing the stocks to their present location and condition.

Financial instruments
Trade and other debtors and trade creditors are measured at the transaction price. Other financial assets and liabilities, including related party loans shall be measured at amortised cost using the effective interest rate. Financial assets and liabilities that have no stated interest rate and are payable within one year shall be measured at the undiscounted amount due. Amounts due to and from related undertakings, including directors, are repayable on demand and are measured at the undiscounted amount due.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

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.

Taxation
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 year 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.

Leases
Leases are classified as finance leases when they transfer substantially all the risks and rewards of ownership of the leased assets to the company. All other leases are classified as operating leases.

Rentals payable under operating leases are charged to the profit or loss on a straight-line basis over the lease term. The aggregate benefit of lease incentives are recognised as a reduction to the expense recognised over the lease term on a straight-line basis.

Employee 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.

Short term employee benefits are recognised as an expense in the period in which they are incurred.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 35 (2023 - 35 ) .

BISPHAM GREEN BREWERY COMPANY LIMITED (REGISTERED NUMBER: 03026958)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 29 February 2024

4. TANGIBLE FIXED ASSETS
Long Improvements Fixtures
Freehold leasehold to and
property property property fittings Totals
£    £    £    £    £   
COST OR VALUATION
At 1 March 2023 1,429,764 2,418,786 477,456 355,587 4,681,593
Additions - 49,986 5,410 15,022 70,418
At 29 February 2024 1,429,764 2,468,772 482,866 370,609 4,752,011
DEPRECIATION
At 1 March 2023 400,313 435,895 344,796 342,035 1,523,039
Charge for year 14,292 24,771 4,843 12,034 55,940
At 29 February 2024 414,605 460,666 349,639 354,069 1,578,979
NET BOOK VALUE
At 29 February 2024 1,015,159 2,008,106 133,227 16,540 3,173,032
At 28 February 2023 1,029,451 1,982,891 132,660 13,552 3,158,554

Cost or valuation at 29 February 2024 is represented by:

Long Improvements Fixtures
Freehold leasehold to and
property property property fittings Totals
£    £    £    £    £   
Valuation in 2011 1,501,104 975,966 - - 2,477,070
Valuation in 2020 (183,652 ) - - - (183,652 )
Cost 112,312 1,492,806 482,866 370,609 2,458,593
1,429,764 2,468,772 482,866 370,609 4,752,011

In the opinion of the directors, the fair value of the company's properties above at 29 February 2024 is not materially different from the net book value as stated in these financial statements.

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 March 2023 173,000
Disposals (173,000 )
At 29 February 2024 -
NET BOOK VALUE
At 29 February 2024 -
At 28 February 2023 173,000

BISPHAM GREEN BREWERY COMPANY LIMITED (REGISTERED NUMBER: 03026958)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 29 February 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 7,216 20,360
Other debtors 13,103 14,348
20,319 34,708

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 22,491 22,491
Trade creditors 59,643 68,501
Taxation and social security 44,543 40,295
Other creditors 159,217 172,936
285,894 304,223

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 83,200 103,852
Other creditors 1,087,654 1,138,914
1,170,854 1,242,766

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 105,691 126,343

The company's bankers, Santander hold a debenture by way of a fixed and floating charge over all assets of the company. MJ Ainscough has also provided a personal guarantee to the bank of £50,000.

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

M J Ainscough has provided a personal guarantee to the bank of £50,000.

11. RELATED PARTY DISCLOSURES

During the year the company carried out the following transactions with other companies in which the directors have an interest:-

The company sold goods to the value of £77,621 (2023 - £70,565) to an associated company and a balance of £Nil (2023 - £10,072) was outstanding at the year end.

During the year the company had loan transactions with an associated company being loan repayments of £Nil (2023 - £Nil) and receipts of £110,000 (2022: £Nil). There is an amount of £818,207 (2023 - £708,207) owing at the year end.

BISPHAM GREEN BREWERY COMPANY LIMITED (REGISTERED NUMBER: 03026958)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 29 February 2024

12. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is M J Ainscough.