Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-3011truefalseWholesale of wine, beer, spirits and other alcoholic beverages2023-05-01The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.falsefalse 13063006 2023-05-01 2024-04-30 13063006 2022-05-01 2023-04-30 13063006 2024-04-30 13063006 2023-04-30 13063006 c:Director1 2023-05-01 2024-04-30 13063006 d:CopyrightsPatentsTrademarksServiceOperatingRights 2023-05-01 2024-04-30 13063006 d:CopyrightsPatentsTrademarksServiceOperatingRights 2024-04-30 13063006 d:CopyrightsPatentsTrademarksServiceOperatingRights 2023-04-30 13063006 d:CurrentFinancialInstruments 2024-04-30 13063006 d:CurrentFinancialInstruments 2023-04-30 13063006 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 13063006 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 13063006 d:ShareCapital 2024-04-30 13063006 d:ShareCapital 2023-04-30 13063006 d:RetainedEarningsAccumulatedLosses 2024-04-30 13063006 d:RetainedEarningsAccumulatedLosses 2023-04-30 13063006 c:OrdinaryShareClass1 2023-05-01 2024-04-30 13063006 c:OrdinaryShareClass1 2024-04-30 13063006 c:FRS102 2023-05-01 2024-04-30 13063006 c:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 13063006 c:FullAccounts 2023-05-01 2024-04-30 13063006 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 13063006 2 2023-05-01 2024-04-30 13063006 e:PoundSterling 2023-05-01 2024-04-30 iso4217:GBP xbrli:shares xbrli:pure
Registered number: 13063006














TRUMAN BEER IP LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

 
TRUMAN BEER IP LIMITED
 

CONTENTS



Page
Statement of Financial Position
 
1 - 2
Notes to the Financial Statements
 
3 - 6


 
TRUMAN BEER IP LIMITED
REGISTERED NUMBER:13063006

STATEMENT OF FINANCIAL POSITION
AS AT 30 APRIL 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 4 
3,786,316
3,786,316

Current assets
  

Debtors: amounts falling due within one year
 5 
73
-

Cash at bank and in hand
  
49,684
52,280

  
49,757
52,280

Current Liabilities
  

Creditors: amounts falling due within one year
 6 
(3,851,370)
(3,851,500)

Net current liabilities
  
 
 
(3,801,613)
 
 
(3,799,220)

Total assets less current liabilities
  
(15,297)
(12,904)

  

Net liabilities
  
(15,297)
(12,904)


Capital and reserves
  

Called up share capital 
 7 
1
1

Profit and loss account
  
(15,298)
(12,905)

  
(15,297)
(12,904)


Page 1

 
TRUMAN BEER IP LIMITED
REGISTERED NUMBER:13063006
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 APRIL 2024

The director considers that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 20 January 2025.




J Zeloof
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
TRUMAN BEER IP LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.


General information

Truman Beer IP Limited is a private limited liability company registered in England and Wales. Its registered office address is 91 Brick Lane, London, E1 6QL.  
The functional and presentational currency of the company is £ sterling. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

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 following principal accounting policies have been applied:

 
2.2

Going concern

The company made a loss for the year and at the Statement of Financial Position date had net liabilities. The director has obtained assurance from the shareholder that funds will be made available to the company so that it will be able to carry on trading and meet its financial obligations as and when they fall due for at least twelve months from the date the accounts are approved. The accounts have therefore been prepared under the going concern basis.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:

The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Page 3

 
TRUMAN BEER IP LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.5

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. 
All intangible assets are considered to have a finite useful life.

 The estimated useful lives range as follows:

Trademarks
-
20
years straight line 

  
2.6

Basic financial instruments

The company only enters into transactions that result in basic financial instruments such as trade and other debtors, trade and other creditors, cash and cash equivalents, and loans with related parties.
Trade debtors, other debtors and loans to related parties are recognised initially at the transaction price less attributable transaction costs. Trade creditors, other creditors and loans from related parties are recognised initially at transaction price plus attributable transaction costs. Subsequently they are measured at amortised cost using the effective interest method, less any impairment losses in the case of trade and other debtors, and loans to related parties.
Cash and cash equivalents comprise cash balances and call deposits.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).

Page 4

 
TRUMAN BEER IP LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

4.


Intangible assets




Trademarks

£



Cost


At 1 May 2023
3,786,316



At 30 April 2024

3,786,316






Net book value



At 30 April 2024
3,786,316



At 30 April 2023
3,786,316

No amortisation has been recognised in the period. Amortisation will begin when the intangible asset is available for use, i.e. when it is in the location and condition necessary for it to be usable in the manner intended by management.



5.


Debtors

2024
2023
£
£


Other debtors
73
-



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
120
-

Other creditors
3,850,000
3,850,000

Accruals and deferred income
1,250
1,500

3,851,370
3,851,500


Page 5

 
TRUMAN BEER IP LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

7.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



1 Ordinary share of £1
1
1


 
Page 6