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COMPANY REGISTRATION NUMBER: 13503371
Old Brewery Field Limited
Filleted Unaudited Financial Statements
For the year ended
29 April 2024
Old Brewery Field Limited
Financial Statements
Year ended 29 April 2024
Contents
Page
Officers and professional advisers
1
Accountant's report to the director on the preparation of the unaudited statutory financial statements
2
Statement of financial position
3
Notes to the financial statements
4
Old Brewery Field Limited
Officers and Professional Advisers
Director
Mr O Ladbrooke-Davies
Registered office
C/O Clay Shaw Thomas Limited
2 Oldfield Road
Bocam Park
Bridgend
Wales
CF35 5LJ
Accountants
Clay Shaw Thomas Ltd
2 Oldfield Road
Bocam Park
Bridgend
CF35 5LJ
Bankers
Barclays Bank Plc
36 Dunraven Place
Bridgend
CF31 1YB
Old Brewery Field Limited
Accountant's Report to the Director on the Preparation of the Unaudited Statutory Financial Statements
Year ended 29 April 2024
As described on the statement of financial position, the director of the company is responsible for the preparation of the financial statements for the year ended 29 April 2024, which comprise the statement of financial position and the related notes. You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.
Clay Shaw Thomas Ltd
2 Oldfield Road Bocam Park Bridgend CF35 5LJ
29 April 2025
Old Brewery Field Limited
Statement of Financial Position
29 April 2024
2024
2023
(restated)
Note
£
£
£
Current assets
Debtors
5
59,641
59,416
Cash at bank and in hand
57
--------
--------
59,641
59,473
Creditors: amounts falling due within one year
6
113,112
112,744
---------
---------
Net current liabilities
53,471
53,271
--------
--------
Total assets less current liabilities
( 53,471)
( 53,271)
--------
--------
Net liabilities
( 53,471)
( 53,271)
--------
--------
Capital and reserves
Called up share capital
100
100
Profit and loss account
( 53,571)
( 53,371)
--------
--------
Shareholders deficit
( 53,471)
( 53,271)
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 29 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 29 April 2025 , and are signed on behalf of the board by:
Mr O Ladbrooke-Davies
Director
Company registration number: 13503371
Old Brewery Field Limited
Notes to the Financial Statements
Year ended 29 April 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is C/O Clay Shaw Thomas Limited, 2 Oldfield Road, Bocam Park, Bridgend, CF35 5LJ, Wales.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company's activities. Turnover is shown net of sales/value added tax, returns and discounts. The company recognises revenue when: - the amount of revenue can be reliably measured; - it is probable that future economic benefits will flow to the entity; and - specific criteria have been met for each of the company's activities.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery
-
25% reducing balance
Fixtures and fittings
-
25% reducing balance
Computer Equipment
-
25% straight line
Financial instruments
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 entity after deducting all of its financial liabilities.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to Nil (2023: 23 ).
5. Debtors
2024
2023
(restated)
£
£
Amounts owed by group undertakings and undertakings in which the company has a participating interest
59,374
59,374
Other debtors
267
42
--------
--------
59,641
59,416
--------
--------
6. Creditors: amounts falling due within one year
2024
2023
(restated)
£
£
Trade creditors
4,596
2,980
Amounts owed to group undertakings and undertakings in which the company has a participating interest
97,540
97,597
Other creditors
10,976
12,167
---------
---------
113,112
112,744
---------
---------
7. Related party transactions
Old Brewery Field Limited and The Coach Brewing Company Limited are 100% subsidiaries of Old Industries Limited, and as such have taken advantage of the exemption stated in FRS 102 whereby disclosure need not be given of transactions entered into between two or more members of the same group, provided that any subsidiary which is party to the transaction is wholly owned by such member.