Caseware UK (AP4) 2024.0.164 2024.0.164 2025-03-312025-03-31false332024-04-01Brewerers and licenced victuallers30truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 04586313 2024-04-01 2025-03-31 04586313 2023-04-01 2024-03-31 04586313 2025-03-31 04586313 2024-03-31 04586313 2023-04-01 04586313 c:Director5 2024-04-01 2025-03-31 04586313 d:Buildings 2024-04-01 2025-03-31 04586313 d:Buildings 2025-03-31 04586313 d:Buildings 2024-03-31 04586313 d:Buildings d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 04586313 d:Buildings d:LongLeaseholdAssets 2024-04-01 2025-03-31 04586313 d:Buildings d:LongLeaseholdAssets 2025-03-31 04586313 d:Buildings d:LongLeaseholdAssets 2024-03-31 04586313 d:PlantMachinery 2024-04-01 2025-03-31 04586313 d:PlantMachinery 2025-03-31 04586313 d:PlantMachinery 2024-03-31 04586313 d:PlantMachinery d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 04586313 d:MotorVehicles 2024-04-01 2025-03-31 04586313 d:MotorVehicles 2025-03-31 04586313 d:MotorVehicles 2024-03-31 04586313 d:MotorVehicles d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 04586313 d:FurnitureFittings 2024-04-01 2025-03-31 04586313 d:FurnitureFittings 2025-03-31 04586313 d:FurnitureFittings 2024-03-31 04586313 d:FurnitureFittings d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 04586313 d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 04586313 d:Goodwill 2025-03-31 04586313 d:Goodwill 2024-03-31 04586313 d:ComputerSoftware 2025-03-31 04586313 d:ComputerSoftware 2024-03-31 04586313 d:CurrentFinancialInstruments 2025-03-31 04586313 d:CurrentFinancialInstruments 2024-03-31 04586313 d:Non-currentFinancialInstruments 2025-03-31 04586313 d:Non-currentFinancialInstruments 2024-03-31 04586313 d:CurrentFinancialInstruments d:WithinOneYear 2025-03-31 04586313 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 04586313 d:Non-currentFinancialInstruments d:AfterOneYear 2025-03-31 04586313 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 04586313 d:ShareCapital 2025-03-31 04586313 d:ShareCapital 2024-03-31 04586313 d:SharePremium 2025-03-31 04586313 d:SharePremium 2024-03-31 04586313 d:RetainedEarningsAccumulatedLosses 2024-04-01 2025-03-31 04586313 d:RetainedEarningsAccumulatedLosses 2025-03-31 04586313 d:RetainedEarningsAccumulatedLosses 2024-03-31 04586313 c:FRS102 2024-04-01 2025-03-31 04586313 c:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 04586313 c:FullAccounts 2024-04-01 2025-03-31 04586313 c:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 04586313 d:Subsidiary1 2024-04-01 2025-03-31 04586313 d:Subsidiary1 1 2024-04-01 2025-03-31 04586313 d:WithinOneYear 2025-03-31 04586313 d:WithinOneYear 2024-03-31 04586313 d:BetweenOneFiveYears 2025-03-31 04586313 d:BetweenOneFiveYears 2024-03-31 04586313 d:AcceleratedTaxDepreciationDeferredTax 2025-03-31 04586313 d:AcceleratedTaxDepreciationDeferredTax 2024-03-31 04586313 d:RetirementBenefitObligationsDeferredTax 2025-03-31 04586313 d:RetirementBenefitObligationsDeferredTax 2024-03-31 04586313 6 2024-04-01 2025-03-31 04586313 d:Goodwill d:OwnedIntangibleAssets 2024-04-01 2025-03-31 04586313 d:ComputerSoftware d:OwnedIntangibleAssets 2024-04-01 2025-03-31 04586313 e:PoundSterling 2024-04-01 2025-03-31 iso4217:GBP xbrli:pure

Registered number: 04586313










ABBEYDALE BREWERY LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

 
ABBEYDALE BREWERY LIMITED
REGISTERED NUMBER: 04586313

BALANCE SHEET
AS AT 31 MARCH 2025

2025
2024
Note
£
£

Fixed assets
  

Intangible assets
 4 
2,823
3,136

Tangible assets
 5 
1,261,984
1,238,717

Investments
 6 
1
1

  
1,264,808
1,241,854

Current assets
  

Stocks
  
177,666
229,833

Debtors: amounts falling due within one year
 7 
324,235
353,618

Cash at bank and in hand
  
91,460
294,573

  
593,361
878,024

Creditors: amounts falling due within one year
 8 
(586,634)
(611,611)

Net current assets
  
 
 
6,727
 
 
266,413

Total assets less current liabilities
  
1,271,535
1,508,267

Creditors: amounts falling due after more than one year
 9 
(327,127)
(723,670)

Provisions for liabilities
  

Deferred tax
 10 
(180,851)
(164,238)

Net assets
  
763,557
620,359


Capital and reserves
  

Called up share capital 
  
120
120

Share premium account
 11 
9,890
9,890

Profit and loss account
 11 
753,547
610,349

  
763,557
620,359


Page 1

 
ABBEYDALE BREWERY LIMITED
REGISTERED NUMBER: 04586313
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2025

The directors consider 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 directors acknowledge their 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 28 July 2025.




T D Grattidge
Director

The notes on pages 3 to 13 form part of these financial statements.

Page 2

 
ABBEYDALE BREWERY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

1.


General information

Abbeydale Brewery Limited is a private Company limited by shares, incorporated in England and Wales (registered number: 04586313). Its registered office is Unit 8, Aizlewood Road, Sheffield, South Yorkshire, S8 0YX. The principal activity of the Company throughout the year continued to be that of publicans. 

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 Company's functional and presentation currency is pounds sterling.
Group financial statements have not been prepared, in accordance with Section 398 of the Companies Act 2006, as the Company is subject to the small companies regime.

The following principal accounting policies have been applied:

 
2.2

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Sale of goods

Turnover from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.3

Intangible assets

Goodwill
Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight line basis to the Statement of Income and Retained Earnings over its useful economic life, which is five years.

Page 3

 
ABBEYDALE BREWERY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, as follows. 

Depreciation is provided on the following basis:

Freehold property
-
10% Reducing balance
Long-term leasehold property
-
10% Reducing balance
Plant and machinery
-
5-15% Reducing balance
Motor vehicles
-
25% Reducing balance
Fixtures and fittings
-
25% Straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of Income and Retained Earnings.

 
2.5

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.
At each Balance Sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in the Statement of Income and Retained Earnings.

Page 4

 
ABBEYDALE BREWERY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

 
2.6

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as bank and cash balances, trade and other accounts receivable and payable, loans from banks and other third parties and loans to and from related parties.
Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at the transaction price and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade payables or receivables, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.
Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an 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.

 
2.7

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to the Statement of Income and Retained Earnings on a straight line basis over the lease term.

 
2.8

Pensions

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.
The contributions are recognised as an expense in the Statement of Income and Retained Earnings when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.9

Current and deferred taxation

Tax is recognised in the Statement of Income and Retained Earnings.
The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the Balance Sheet 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 Balance Sheet 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.

Page 5

 
ABBEYDALE BREWERY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

 
2.10

Impairment of fixed assets and goodwill

Assets that are subject to depreciation or amortisation are assessed at each Balance Sheet date to determine whether there is any indication that the assets are impaired. Where there is any indication that an asset may be impaired, the carrying value of the asset (or cash-generating unit to which the asset has been allocated) is tested for impairment. An impairment loss is recognised for the amount by which the asset's carrying amount exceeds its recoverable amount. The recoverable amount is the higher of an asset's (or CGU's) fair value less costs to sell and value in use. For the purposes of assessing impairment, assets are grouped at the lowest levels for which there are separately identifiable cash flows (CGUs). Non-financial assets that have been previously impaired are reviewed at each Balance Sheet date to assess whether there is any indication that the impairment losses recognised in prior periods may no longer exist or may have decreased.

 
2.11

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.


3.


Employees

The average monthly number of employees, including directors, during the year was 33 (2024 - 30).

Page 6

 
ABBEYDALE BREWERY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

4.


Intangible assets




Computer software
Goodwill
Total

£
£
£



Cost


At 1 April 2024
4,300
80,000
84,300



At 31 March 2025

4,300
80,000
84,300



Amortisation


At 1 April 2024
1,164
80,000
81,164


Charge for the year on owned assets
313
-
313



At 31 March 2025

1,477
80,000
81,477



Net book value



At 31 March 2025
2,823
-
2,823



At 31 March 2024
3,136
-
3,136



Page 7

 
ABBEYDALE BREWERY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

5.


Tangible fixed assets





Freehold property
Long-term leasehold property
Plant and machinery
Motor vehicles
Fixtures and fittings
Total

£
£
£
£
£
£



Cost


At 1 April 2024
691,666
452,724
1,451,743
134,249
83,123
2,813,505


Additions
2,966
-
178,988
22,995
14,649
219,598


Disposals
-
-
(20,050)
(18,400)
(9,527)
(47,977)



At 31 March 2025

694,632
452,724
1,610,681
138,844
88,245
2,985,126



Depreciation


At 1 April 2024
286,051
194,126
947,680
75,050
71,881
1,574,788


Charge for the year on owned assets
40,684
25,852
85,804
18,397
5,431
176,168


Disposals
-
-
(4,653)
(13,634)
(9,527)
(27,814)



At 31 March 2025

326,735
219,978
1,028,831
79,813
67,785
1,723,142



Net book value



At 31 March 2025
367,897
232,746
581,850
59,031
20,460
1,261,984



At 31 March 2024
405,615
258,598
504,063
59,199
11,242
1,238,717

Page 8

 
ABBEYDALE BREWERY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

If the land and buildings had not been included at valuation they would have been included under the historical cost convention as follows:

2025
2024
£
£



Cost
286,601
286,601

Accumulated depreciation
(234,097)
(228,263)

Net book value
52,504
58,338


6.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 April 2024
1



At 31 March 2025
1





Subsidiary undertaking


The following was a subsidiary undertaking of the Company:

Name

Registered office

Class of shares

Holding

Abbeydale Inns Limited
England and Wales
Ordinary
100%

The aggregate of the share capital and reserves as at 31 March 2025 and the profit or loss for the year ended on that date for the subsidiary undertaking were as follows:

Name
Aggregate of share capital and reserves
Profit/(Loss)

Abbeydale Inns Limited
85,396
11,227

Page 9

 
ABBEYDALE BREWERY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

7.


Debtors

2025
2024
£
£


Trade debtors
264,339
272,142

Amounts owed by group undertakings
30,673
75,098

Other debtors
29,223
6,378

324,235
353,618



8.


Creditors: Amounts falling due within one year

2025
2024
£
£

Bank loans
94,895
108,119

Trade creditors
115,769
134,961

Corporation tax
80,580
88,481

Other taxation and social security
157,922
168,510

Other creditors
137,468
111,540

586,634
611,611


The bank loan of £94,895 (2024: £108,119) is secured by a legal charge over the property at Units 1, 3, 8 and 13 Aizlewood Road Sheffield S8 0YX together with a fixed charge over goodwill relevant to the business operated from the property, plant and machinery at the property and all fixtures, fittings and equipment of the Company.

Page 10

 
ABBEYDALE BREWERY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

9.


Creditors: Amounts falling due after more than one year

2025
2024
£
£

Bank loans
159,127
524,440

Other creditors
168,000
199,230

327,127
723,670


The bank loan of £159,127 (2024: £524,440) is secured by a legal charge over the property at Units 1, 3, 8 and 13 Aizlewood Road Sheffield S8 0YX together with a fixed charge over goodwill relevant to the business operated from the property, plant and machinery at the property and all fixtures, fittings and equipment of the Company.

The aggregate amount of liabilities repayable wholly or in part more than five years after the balance sheet date is:

2025
2024
£
£


Payable by Instalments
20,736
243,348



Page 11

 
ABBEYDALE BREWERY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

10.


Deferred taxation




2025
2024


£

£






At beginning of year
164,238
180,486


Charged to the Statement of Income and Retained Earnings
16,613
(16,248)



At end of year
180,851
164,238

The provision for deferred taxation is made up as follows:

2025
2024
£
£


Accelerated capital allowances
184,117
164,984

Pension surplus
(3,266)
(746)

180,851
164,238


11.


Reserves

Profit and loss account

Included within the profit and loss account reserves are non-distributable reserves arising from changes in the fair value of investment property of £76,364 (2024: £84,849). 


12.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £35,722 (2024: £33,095). Contributions totalling £3,064 (2024: £2,984) were payable to the fund at the Balance Sheet date and are included in creditors. 

Page 12

 
ABBEYDALE BREWERY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

13.


Commitments under operating leases

At 31 March 2025 the Company had future minimum lease payments under non-cancellable operating leases as follows:

2025
2024
£
£


Not later than 1 year
2,358
-

Later than 1 year and not later than 5 years
7,665
-

10,023
-


14.


Related party transactions

On 9 October 2024 the entire share capital of the Company was acquired by Sheffield Beerworks Eot Ltd ("the Trust"). The Trust holds shares for the future benefit of the employees of the Company and its subsidiary undertaking, Abbeydale Inns Limited. The shares are held by Sheffield Beerworks Eot Ltd in its capacity as corporate trustee of the Trust. During the year the Company made contributions of £48,000 to the Trust.
The Company does not control the Trust and so consolidated accounts have not been prepared. 


15.


Controlling party

Sheffield Beerworks Employee-Ownership Trust is the beneficial owner of the whole of the issued share capital of the Company. The shares are held by Sheffield Beerworks Eot Ltd in its capacity of corporate trustee of the Trust. 

 
Page 13