Registered number
02686041
Finlay Brewer Limited
Unaudited Filleted Accounts
31 August 2024
Finlay Brewer Limited
Registered number: 02686041
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 20,533 20,924
Current assets
Debtors 4 1,948,239 2,017,057
Cash at bank and in hand 317,626 113,786
2,265,865 2,130,843
Creditors: amounts falling due within one year 5 (1,222,275) (1,234,989)
Net current assets 1,043,590 895,854
Total assets less current liabilities 1,064,123 916,778
Provisions for liabilities (2,627) (2,526)
Net assets 1,061,496 914,252
Capital and reserves
Called up share capital 25,600 25,600
Profit and loss account 1,035,896 888,652
Shareholders' funds 1,061,496 914,252
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
S F Gresswell
Director
Approved by the board on 28 February 2025
Finlay Brewer Limited
Notes to the Accounts
for the year ended 31 August 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% reducing balance
Motor vehicles 25% reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. 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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 12 11
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 September 2023 44,753 10,125 54,878
Additions 5,379 - 5,379
At 31 August 2024 50,132 10,125 60,257
Depreciation
At 1 September 2023 24,479 9,475 33,954
Charge for the year 5,607 163 5,770
At 31 August 2024 30,086 9,638 39,724
Net book value
At 31 August 2024 20,046 487 20,533
At 31 August 2023 20,274 650 20,924
4 Debtors 2024 2023
£ £
Trade debtors - 9,540
Amounts owed by associated undertakings 397,963 457,963
Other debtors 1,550,276 1,549,554
1,948,239 2,017,057
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 20,335 20,528
Amounts owed to associated undertakings 673,689 817,689
Taxation and social security costs 133,751 33,122
Other creditors 394,500 363,650
1,222,275 1,234,989
6 Related party transactions
S F Gresswell
Director and shareholder
Loan to the company which is unsecured, interest free and with no fixed repayment date.
Amount due to S F Gresswell at the year end amounted to £112,000.

T P S Mathers
Director and shareholder
Loan to the company which is unsecured, interest free and with no fixed repayment date.
Amount due to T P S Mathers at the year end amounted to £122,000.

P F Cosgrove
Director and shareholder
Loan to the company which is unsecured, interest free and with no fixed repayment date.
Amount due to P F Cosgrove at the year end amounted to £77,500.

Finlay Brewer (Askew) Limited
Associated company
Loan from the company to Finlay Brewer (Askew) Limited which is unsecured, interest free and with no fixed repayment date.
Amount due from Finlay Brewer (Askew) Limited at the year end amounted to £17,705.
The company also incurred management charges of £40,000 from Finlay Brewer (Askew) Limited.

Finlay Brewer International Limited
Associated company
Loan from the company to Finlay Brewer International Limited which is unsecured, interest free and with no fixed repayment date.
Amount due from Finlay Brewer International Limited at the year end amounted to £380,259.
The company also incurred management charges of £40,000 from Finlay Brewer International Limited.
Finlay Brewer Lettings Limited
Associated company
Loan to the company from Finlay Brewer Lettings Limited which is unsecured, interest free and with no fixed repayment date.
Amount due to Finlay Brewer Lettings Limited at the year end amounted to £673,689.
The company also charged management fees to Finlay Brewer Lettings Limited of £120,000.
7 Controlling party
In the opinion of the directors, there is no ultimate controlling party.
8 Other information
Finlay Brewer Limited is a private company limited by shares and incorporated in England. Its registered office is:
2nd Floor, Nucleus House
2 Lower Mortlake Road
Richmond
TW9 2JA
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