Thornbridge Brewery Holdings Limited is the holding company for its two trading subsidiaries: The Thornbridge Hall Country House Brewing Company Limited ("The Brewery") and Thornbridge Taps Limited ("The Taps").
The Brewery is the most highly awarded independent, privately owned brewery in the UK. Based in Bakewell, within the Peak District National Park, it has been brewing beer since 2005. The Brewery supplies a range of customers, including on-trade venues, national multiple operators, independent bottle shops, and direct consumers through its online shop, taproom, and onsite store. In addition to serving the UK market, Thornbridge exports its beers to approximately 40 countries worldwide.
The Taps operates five community pubs in the Sheffield area and, until December 2023, ran an events bar at Sheffield University. The first of these pubs, The Greystones, opened in 2010.
The brewing sector has faced significant challenges in the years following the Covid-19 pandemic, with several high-profile administrations and industry consolidation. Despite this, during the year to June 2024, we made significant progress towards returning the Group to profitability, achieving a positive EBITDA of £192k. For the current financial year to December 2024, EBITDA has already exceeded last year’s total, and we have recorded a small profit before tax for the first half of the year.
Over the past 18 months, we have achieved substantial cost reductions, leading to improved financial stability both during and beyond the reporting period.
The cost of raw materials, including malt, hops, cardboard, aluminium, and glass, has stabilised or declined, thanks to strategic procurement efforts across the business. Our gross profit margin (GP%) improved from 35.4% in the prior year to 37.4% in the year to June 2024. This improvement was driven by continued growth in our on-trade business and a reduced reliance on lower-margin off-trade sales.
Additionally, administrative expenses for the Group increased by less than 1%, while turnover increased by 4.7%, demonstrating resilience amid ongoing sector challenges.
We remain committed to our Environmental, Social & Governance (ESG) policies and our ongoing efforts to reduce CO2 emissions across the Group. Shortly after the year-end, we joined the Zero Carbon Forum and have made excellent progress in calculating our carbon footprint. We continue to develop and implement sustainable processes and invest in more efficient plant and equipment to minimise our environmental impact.
We were honoured to be named 'Brewery Business of the Year 2024' at the Society of Independent Brewers and Associates (SIBA) Beer Awards in March 2024.
Despite ongoing cost-of-living pressures affecting consumer spending, The Taps achieved strong, profitable growth during the reporting period, delivering a record annual profit before Group recharges.
Economic Risks
The Group, like most UK businesses, is affected by macroeconomic factors, including the ongoing war in Ukraine and conflicts in the Middle East. Although interest rates remain elevated compared to post-2008 levels, inflation has fallen significantly during the financial year. The post-year-end change in UK government, along with National Living Wage and Employer’s National Insurance contributions increases from April 2025, will add cost pressures, particularly for labour-intensive sectors such as brewing and hospitality.
Pricing Challenges
As previously reported, implementing effective price increases remains a challenge, particularly with multiple retailers. The on-trade sector has been more accommodating of cost pressures faced by brewers; however, as a hospitality operator, we understand the financial constraints our customers face. We continue to exercise caution in implementing price increases.
Regulatory Pressures
As a producer and retailer of alcohol, we are directly impacted by changes in alcohol duty levels and licensing laws. Additionally, new Extended Producer Responsibility (EPR) regulations for packaging waste will increase costs. The cost of Packaging Recovery Notes (PRN) has risen in 2024, with an additional retrospective charge for Local Authority (LA) fees being introduced from January 2025, relating to the period from January 2024. While we have submitted all necessary data, the government’s scheme administrator has yet to confirm the final fee rates.
Liquidity Management
Maintaining strong liquidity remains a key priority. In October 2023, we successfully repaid all outstanding Time To Pay (TTP) liabilities to HMRC, related to Covid-19 deferrals, on time and in full. During the year, we secured significant additional funding, ensuring that working capital requirements are met as the company continues its return to profitability.
Past investments in state-of-the-art packaging equipment have positioned us well to meet demand for cans, bottles, casks, and kegs, strengthening our competitive advantage.
The Group’s key financial performance indicators during the year can be summarised as follows:
| 2024 | 2023 |
Turnover | £15,358k | £14,671k |
Gross Profit % | 37.4% | 35.4% |
EBITDA | £192k | (£346k) |
(Loss) for the financial year | (£332k) | (£566k) |
Looking ahead, we will continue focusing on profitability and operational efficiency, building on the progress made over the past 18 months. Key priorities include expanding our on-trade presence, further reducing our reliance on lower-margin channels, and enhancing sustainability initiatives.
Despite economic and regulatory challenges, we are confident in the Group’s ability to adapt to market changes and drive long-term growth and profitability.
On behalf of the board
The directors present their annual report and financial statements for the year ended 30 June 2024.
The results for the year are set out on page 10.
No ordinary dividends were paid. The directors do not recommend payment of a final dividend.
The directors who held office during the year and up to the date of signature of the financial statements were as follows:
The group engages in research and development activities with the main activities being process improvement.
The auditor, BHP LLP, is deemed to be reappointed under section 487(2) of the Companies Act 2006.
This report has been prepared in accordance with the provisions applicable to companies entitled to the medium-sized companies exemption.
We have audited the financial statements of Thornbridge Brewery Holdings Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 30 June 2024 which comprise the group statement of comprehensive income, the group balance sheet, the company balance sheet, the group statement of changes in equity, the company statement of changes in equity, the group statement of cash flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).
Basis for opinion
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.
Other information
Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of our audit:
The information given in the strategic report and the directors' report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
The strategic report and the directors' report have been prepared in accordance with applicable legal requirements.
The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.
Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:
the engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations;
we identified the laws and regulations applicable to the group through discussions with directors and other management, and from our commercial knowledge and experience of the trade;
we focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the group;
we assessed the extent of compliance with the laws and regulations considered above through making enquiries of management and inspecting legal correspondence; and
identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit.
We assessed the susceptibility of the group’s financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by;
making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud; and
considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations.
To address the risks of fraud through management bias and override controls, we:
performed analytical procedures to identify any unusual or unexpected relationships;
tested journal entries to identify unusual transactions;
assessed whether judgements and assumptions made in determining the accounting estimates were indicative of potential bias; and
investigated the rationale behind significant or unusual transactions.
In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:
agreeing financial statement disclosures to underlying supporting documentation;
reading the minutes of meetings of those charged with governance;
enquiring of management as to actual and potential litigation and claims; and
discussions with senior management regarding relevant regulations and reviewing the group’s legal and professional fees.
There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the director’s and other management and the inspection of regulatory and legal correspondence.
As part of our audit, we addressed the risk of management override of internal controls, including testing of journals and review of the nominal ledger. We evaluated whether there was evidence of bias by the directors that represented a risk of material misstatement due to fraud.
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.
A further description of our responsibilities is available on the Financial Reporting Council’s website at: https://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.
Use of our report
This report is made solely to the company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company’s members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company’s members as a body, for our audit work, for this report, or for the opinions we have formed.
As permitted by s408 Companies Act 2006, the company has not presented its own profit and loss account and related notes. The company’s loss for the year was £7,806 (2023 - £211 loss).
These financial statements have been prepared in accordance with the provisions relating to medium-sized companies.
Thornbridge Brewery Holdings Limited (“the company”) is a private limited company domiciled and incorporated in England and Wales. The registered office is Riverside Brewery, Buxton Road, Bakewell, Derbyshire, DE45 1GS.
The group consists of Thornbridge Brewery Holdings Limited and all of its subsidiaries.
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
The company is a qualifying entity for the purposes of FRS 102, being a member of a group where the parent of that group prepares publicly available consolidated financial statements, including this company, which are intended to give a true and fair view of the assets, liabilities, financial position and profit or loss of the group. The company has therefore taken advantage of exemptions from the following disclosure requirements for parent company information presented within the consolidated financial statements:
Section 4 ‘Statement of Financial Position’: Reconciliation of the opening and closing number of shares;
Section 7 ‘Statement of Cash Flows’: Presentation of a statement of cash flow and related notes and disclosures;
Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instrument Issues’: Carrying amounts, interest income/expense and net gains/losses for each category of financial instrument; basis of determining fair values; details of collateral, loan defaults or breaches, details of hedges, hedging fair value changes recognised in profit or loss and in other comprehensive income;
Section 26 ‘Share based Payment’: Share-based payment expense charged to profit or loss, reconciliation of opening and closing number and weighted average exercise price of share options, how the fair value of options granted was measured, measurement and carrying amount of liabilities for cash-settled share-based payments, explanation of modifications to arrangements;
Section 33 ‘Related Party Disclosures’: Compensation for key management personnel.
Comparative amounts in relation to operating lease commitments (Note 22) have been restated to take account of a break clause in a property lease. This has no impact on the profit or reserves.
The consolidated group financial statements consist of the financial statements of the parent company Thornbridge Brewery Holdings Limited together with all entities controlled by the parent company (its subsidiaries) and the group’s share of its interests in joint ventures and associates.
All financial statements are made up to 30 June 2024. Where necessary, adjustments are made to the financial statements of subsidiaries to bring the accounting policies used into line with those used by other members of the group.
All intra-group transactions, balances and unrealised gains on transactions between group companies are eliminated on consolidation. Unrealised losses are also eliminated unless the transaction provides evidence of an impairment of the asset transferred.
Subsidiaries are consolidated in the group’s financial statements from the date that control commences until the date that control ceases.
During the year to 30 June 2024, the group has achieved substantial cost reductions, leading to improved financial stability both during and beyond the reporting period. The cost of key raw materials has stabilised or declined, thanks to strategic procurement efforts across the group. The continued growth in on-trade business and a reduced reliance on lower-margin off-trade sales, has resulted in an improved gross profit margin. This year the group achieved a positive EBITDA of £192k , with current year results to date exceeding this.
At the time of approving the financial statements, the directors have a reasonable expectation that the group has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover is measured at fair value of the consideration received or receivable, including beer duty, excluding discounts, rebates, value added tax and other sales taxes.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the profit and loss account.
In the parent company financial statements, investments in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses.
A subsidiary is an entity controlled by the group. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.
At each reporting period end date, the group reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.
The carrying amount of the investments accounted for using the equity method is tested for impairment as a single asset. Any goodwill included in the carrying amount of the investment is not tested separately for impairment.
Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.
If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.
Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.
The group has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the group's balance sheet when the group becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the group after deducting all of its liabilities.
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Financial liabilities are derecognised when the group's contractual obligations expire or are discharged or cancelled.
Equity instruments issued by the group are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the group.
The tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The group’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.
The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset if, and only if, there is a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.
Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.
Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leased asset are consumed.
Rental income from operating leases is recognised on a straight line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight line basis over the lease term.
Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.
In the application of the group’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
The estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities are as follows.
The charge in respect of depreciation is derived after determining an estimate of an asset's expected useful life and the expected residual value at the end of its life. The useful lives and residual values of the group's assets may vary depending on several factors such as, technological innovation, maintenance programmes and future market conditions. They are determined by management at the time the asset is acquired and reviewed annually for appropriateness.
The directors make provisions for doubtful debts based on an assessment of the recoverability of trade debtors. Provisions are applied to trade debtors where events or changes in circumstances indicate that the carrying amounts may not be recoverable. This methodology is applied on a customer by customer basis.
The average monthly number of persons (including directors) employed by the group and company during the year was:
Their aggregate remuneration comprised:
The number of directors for whom retirement benefits are accruing under defined contribution schemes amounted to 1 (2023 - 1).
The actual credit for the year can be reconciled to the expected credit for the year based on the profit or loss and the standard rate of tax as follows:
The net carrying value of tangible fixed assets includes the following in respect of assets held under finance leases or hire purchase contracts.
Details of the company's subsidiaries at 30 June 2024 are as follows:
The bank loans are secured by a fixed and floating charge over the group assets.
Finance lease obligations are secured on the assets acquired under those arrangements, one lease is also secured by way of a cross company guarantee between Thornbridge Brewery Holdings Limited and Thornbridge Limited, and a personal guarantee given by J R Harrison.
Included within other borrowings are amounts due in respect of sales financing of £1,113,960 (2023: £1,099,187). This is secured by a fixed and floating charge over the assets of the group.
The bank loans are secured by a fixed and floating charge over the group's assets.
Finance lease obligations are secured on the assets acquired under those arrangements, one lease is also secured by way of a cross company guarantee between Thornbridge Brewery Holdings Limited and Thornbridge Limited, and a personal guarantee given by J R Harrison.
The following secured debts are included within creditors:
The bank loans and overdraft are secured by a fixed and floating charge over the group's assets.
Finance lease payments represent rentals payable by the group for certain items of plant and machinery. Leases include purchase options at the end of the lease period, and no restrictions are placed on the use of the assets. The average lease term is 5 years. All leases are on a fixed repayment basis and no arrangements have been entered into for contingent rental payments.
The following are the major deferred tax liabilities and assets recognised by the group and company, and movements thereon:
A defined contribution pension scheme is operated for all qualifying employees. The assets of the scheme are held separately from those of the group in an independently administered fund.
Accrued pension contributions at the year end in respect of defined contribution schemes amounted to £11,347 (2023: £9,827)
At the reporting end date, the group had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:
Amounts contracted for but not provided in the financial statements:
The remuneration of key management personnel is as follows.
As permitted by FRS 102, these financial statements do not disclose transactions with the subsidiary undertakings where 100% of the voting rights are held within the group.
During the year, the group entered into the following transactions with related parties:
Thornbridge Limited (a company jointly controlled byJ R Harrison)
During the year sales were made to Thornbridge Limited totalling £2,500 (2023: £2,530) and purchases were made from Thornbridge Limited totalling £24,274 (2023: £26,799). At the year end amounts owed to Thornbridge Limited total £2,400 (2023: £2,400) and is included within trade creditors. At the year end, amounts due from Thornbridge Limited total £250 (2023: £250) and is included within trade debtors
At the year end, amounts due to Thornbridge Limited in respect of loans made were £2,354,830 (2023: £1,642,057) and is included within other borrowings and other creditors. During the year, interest of £32,791 (2023: £47,670) was paid in respect of these loans to Thornbridge Limited.
Thornbridge Limited provided a cross company guarantee in relation to a finance lease obligation included in the financial statements of The Thornbridge Hall Country House Brewing Company Limited. At the year end the amount owed in relation to this lease was £1,009,555 (2023: £1,233,240)
Andromeda Park Limited (a company jointly controlled by J R Harrison)
During the year sales were made to Andromeda Park Limited totalling £24,867 (2023: £24,588) and purchases were made from Andromeda Park Limited totalling £258,155 (2023: £237,728). At the year end amounts owed to Andromeda Park Limited total £85,509 (2023: £81,946) and is included within trade creditors. At the year end, amounts due from Andromeda Park Limited total £6,728 (2023: £1,898) and is included within trade debtors.
At the year end, amounts due to Andromeda Park Limited in respect of loans made were £265,411 (2023: £265,411) and is included within other creditors.
Brewkitchen Limited (a company controlled by J R Harrison)
During the year sales were made to Brewkitchen Limited totalling £20,690 (2023: £30,431) and purchases were made from Brewkitchen totalling £13,156 (2023: £5,152). At the year end amounts owed from Brewkitchen Limited totalled £Nil (2023: £4,513) and was included within trade debtors.
Thornbridge Bars Limited (a company controlled by the directors)
At the year end, amounts due to Thornbridge Bars Limited in respect of loans made were £220,000 (2023: £Nil) and is included within other creditors.
J R Harrison
J R Harrison has provided an interest free loan to the group. At the year end, the amount due to J R Harrison was £773,710 (2023: £773,710) and is included within other creditors.
J R Harrison also acted as guarantor on various property leases held by the group.
J R Harrison has given a personal guarantee in respect of a finance lease obligation included in the financial statements of The Thornbridge Hall Country House Brewing Company Limited. At the year end the amount owed in relation to this lease was £1,009,555 (2023: £1,233,240) as referred to in note 15 and 16.
S D Webster
S D Webster has acted as a guarantor on various property leases held by the group.