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REGISTERED NUMBER: 10293693 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 26 JUNE 2023 TO 30 JUNE 2024

FOR

IRONSTONE BREWERY LTD

IRONSTONE BREWERY LTD (REGISTERED NUMBER: 10293693)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 26 JUNE 2023 TO 30 JUNE 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


IRONSTONE BREWERY LTD

COMPANY INFORMATION
FOR THE PERIOD 26 JUNE 2023 TO 30 JUNE 2024







DIRECTORS: R M Davidson
J C Mower
D S Sahota





REGISTERED OFFICE: 3-4 Circus Parade
Brighton
East Sussex
BN1 4GW





REGISTERED NUMBER: 10293693 (England and Wales)





ACCOUNTANTS: Galloways Accounting
15 West Street
Brighton
East Sussex
BN1 2RL

IRONSTONE BREWERY LTD (REGISTERED NUMBER: 10293693)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 87,019 84,396
Investments 5 102 101
87,121 84,497

CURRENT ASSETS
Debtors 6 1,141,493 1,085,372
Cash at bank and in hand 47,392 8,720
1,188,885 1,094,092
CREDITORS
Amounts falling due within one year 7 (152,547 ) (133,307 )
NET CURRENT ASSETS 1,036,338 960,785
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,123,459

1,045,282

CREDITORS
Amounts falling due after more than one
year

8

(71,131

)

(69,969

)
NET ASSETS 1,052,328 975,313

CAPITAL AND RESERVES
Called up share capital 10 6 6
Share premium 2,022,911 1,801,110
Retained earnings (970,589 ) (825,803 )
SHAREHOLDERS' FUNDS 1,052,328 975,313

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 June 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.

IRONSTONE BREWERY LTD (REGISTERED NUMBER: 10293693)

BALANCE SHEET - continued
30 JUNE 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 10 January 2025 and were signed on its behalf by:





D S Sahota - Director


IRONSTONE BREWERY LTD (REGISTERED NUMBER: 10293693)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 26 JUNE 2023 TO 30 JUNE 2024


1. STATUTORY INFORMATION

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

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Preparation of consolidated financial statements
The financial statements contain information about Ironstone Brewery Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Motor vehicles - Straight line over 5 years

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

The investments are subsequently measured at fair value and any impairment charges are recognised within the income statement.

Financial instruments
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The capital element of the future payments is treated as a liability.

Going concern
After reviewing the company's forecasts, the directors believe that the company has adequate resources to continue in operational existence for a period of at least 12 months from the date of the approval of these financial statements. Therefore, the directors have concluded that the going concern basis of preparation of these financial statements remains appropriate.

3. EMPLOYEES

The average number of employees during the period was NIL (2023 - NIL).

IRONSTONE BREWERY LTD (REGISTERED NUMBER: 10293693)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 26 JUNE 2023 TO 30 JUNE 2024


4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 26 June 2023 80,174 23,957 104,131
Additions - 30,758 30,758
At 30 June 2024 80,174 54,715 134,889
DEPRECIATION
At 26 June 2023 9,354 10,381 19,735
Charge for period 17,705 10,430 28,135
At 30 June 2024 27,059 20,811 47,870
NET BOOK VALUE
At 30 June 2024 53,115 33,904 87,019
At 25 June 2023 70,820 13,576 84,396

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 26 June 2023 101
Additions 1
At 30 June 2024 102
NET BOOK VALUE
At 30 June 2024 102
At 25 June 2023 101

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 779 -
Amounts owed by group undertakings 1,137,548 1,079,592
Other debtors 3,166 5,780
1,141,493 1,085,372

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts (see note 9) 25,008 19,985
Trade creditors 16,941 10,693
Taxation and social security 76,426 69,736
Other creditors 34,172 32,893
152,547 133,307

IRONSTONE BREWERY LTD (REGISTERED NUMBER: 10293693)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 26 JUNE 2023 TO 30 JUNE 2024


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts (see note 9) 71,131 69,969

9. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2024 2023
£    £   
Net obligations repayable:
Within one year 25,008 19,985
Between one and five years 71,131 69,969
96,139 89,954

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100,000 A Ordinary 0.00001p 1 1
176,784 B Ordinary 0.00001p 2 2
342,481 C Ordinary 0.00001p 3 3
6 6

61,953 C Ordinary shares of 0.00001p each were allotted as fully paid at a premium of £3.58 per share during the period.

11. PENSION COMMITMENTS

The business operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the business in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £533 (2023: £507). Contributions totalling £1,996 (2023: £1,601) were payable to the fund at the balance sheet date and are included in creditors.

12. CONTINGENT LIABILITIES

The company belongs to a VAT group whereby each member is jointly and severally liable for the VAT due
from the representative member during their periods of membership of the group. If the representative member is unable to meet a VAT debt due from the group, the company and associated members, will be held liable for the VAT due. As at the balance sheet date the company had a maximum contingent VAT liability for group members of £67,126 (2023: £48,305).

13. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

IRONSTONE BREWERY LTD (REGISTERED NUMBER: 10293693)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 26 JUNE 2023 TO 30 JUNE 2024


13. RELATED PARTY DISCLOSURES - continued


Companies under common control
Amount
due from

Amount
due to
£ £
Opening balance - 8,749
Amounts advanced - 62,995
Amounts repaid - (66,523 )
Closing balance - 5,221
These balances are included in creditors.