Silverfin false false 31/12/2024 01/01/2024 31/12/2024 Mr George Calvert 05/09/2014 Mr Patrick Johnson 05/09/2014 Mr James Morrison 05/09/2014 Mr Robert Morrison 05/09/2014 Mr Jonathan Radford 16/05/2023 09 September 2025 no description of principal activity 09206486 2024-12-31 09206486 bus:Director1 2024-12-31 09206486 bus:Director2 2024-12-31 09206486 bus:Director3 2024-12-31 09206486 bus:Director4 2024-12-31 09206486 bus:Director5 2024-12-31 09206486 2023-12-31 09206486 core:CurrentFinancialInstruments 2024-12-31 09206486 core:CurrentFinancialInstruments 2023-12-31 09206486 core:Non-currentFinancialInstruments 2024-12-31 09206486 core:Non-currentFinancialInstruments 2023-12-31 09206486 core:ShareCapital 2024-12-31 09206486 core:ShareCapital 2023-12-31 09206486 core:RetainedEarningsAccumulatedLosses 2024-12-31 09206486 core:RetainedEarningsAccumulatedLosses 2023-12-31 09206486 core:Goodwill 2023-12-31 09206486 core:Goodwill 2024-12-31 09206486 core:LandBuildings 2023-12-31 09206486 core:PlantMachinery 2023-12-31 09206486 core:FurnitureFittings 2023-12-31 09206486 core:ComputerEquipment 2023-12-31 09206486 core:LandBuildings 2024-12-31 09206486 core:PlantMachinery 2024-12-31 09206486 core:FurnitureFittings 2024-12-31 09206486 core:ComputerEquipment 2024-12-31 09206486 bus:OrdinaryShareClass1 2024-12-31 09206486 2024-01-01 2024-12-31 09206486 bus:FilletedAccounts 2024-01-01 2024-12-31 09206486 bus:SmallEntities 2024-01-01 2024-12-31 09206486 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 09206486 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 09206486 bus:Director1 2024-01-01 2024-12-31 09206486 bus:Director2 2024-01-01 2024-12-31 09206486 bus:Director3 2024-01-01 2024-12-31 09206486 bus:Director4 2024-01-01 2024-12-31 09206486 bus:Director5 2024-01-01 2024-12-31 09206486 core:Goodwill core:TopRangeValue 2024-01-01 2024-12-31 09206486 core:Goodwill 2024-01-01 2024-12-31 09206486 core:PlantMachinery 2024-01-01 2024-12-31 09206486 core:FurnitureFittings 2024-01-01 2024-12-31 09206486 core:ComputerEquipment 2024-01-01 2024-12-31 09206486 2023-01-01 2023-12-31 09206486 core:LandBuildings 2024-01-01 2024-12-31 09206486 bus:OrdinaryShareClass1 2024-01-01 2024-12-31 09206486 bus:OrdinaryShareClass1 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 09206486 (England and Wales)

# WEBREW TAVERNS LIMITED

### UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2024
PAGES FOR FILING WITH THE REGISTRAR

WEBREW TAVERNS LIMITED

## UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2024

Contents

WEBREW TAVERNS LIMITED

## BALANCE SHEET

AS AT 31 DECEMBER 2024
WEBREW TAVERNS LIMITED

## BALANCE SHEET (continued)

AS AT 31 DECEMBER 2024

| Note | 2024 |  | 2023
|  | £ |  | £
Fixed assets |  |  |  |
Tangible assets | 4 | 45,235 |  | 55,648
|  | 45,235 |  | 55,648
Current assets |  |  |  |
Stocks | 5 | 15,833 |  | 29,061
Debtors | 6 | 47,365 |  | 64,948
Cash at bank and in hand |  | 47,518 |  | 56,951
|  | 110,716 |  | 150,960
Creditors: amounts falling due within one year | 7 | ( 228,035) |  | ( 254,090)
Net current liabilities |  | (117,319) |  | (103,130)
Total assets less current liabilities |  | (72,084) |  | (47,482)
Creditors: amounts falling due after more than one year | 8 | ( 12,500) |  | ( 42,500)
Provision for liabilities | 9 | 0 |  | ( 3,829)
Net liabilities |  | ( 84,584) |  | ( 93,811)
Capital and reserves |  |  |  |
Called-up share capital | 10 | 120 |  | 120
Profit and loss account |  | ( 84,704 ) |  | ( 93,931 )
Total shareholder's deficit |  | ( 84,584) |  | ( 93,811)

For the financial year ending 31 December 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
- 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; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of WeBrew Taverns Limited (registered number: 09206486) were approved and authorised for issue by the Board of Directors on 09 September 2025. They were signed on its behalf by:

Mr George Calvert Director |

WEBREW TAVERNS LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2024
WEBREW TAVERNS LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2024

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

WeBrew Taverns Limited (the "company") is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the company's registered office is Unit 1 Vansittart Estate, Windsor, SL4 1SE, United Kingdom.
The financial statements have been prepared under the historical cost convention and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £1.

##### Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. The company also relies on the continued support of it's parent company, Windsor & Eton Brewing Company Limited. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

##### 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 is reduced for estimated customer returns, rebates and other similar allowances.
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

##### Employee benefits

Short term benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Defined contribution schemes
The company operates a defined contribution scheme. The amount charged to the Profit and Loss Account in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as other creditors within the Balance Sheet.

##### Finance costs

Finance costs are charged to the Profit and Loss Account over the term of the debt using the effective interest method so the amount charged is at a constant rate on the carrying amount.

##### Taxation

Current tax
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit or Loss Account except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current or deferred taxation assets and liabilities are not discounted.
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.
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.

##### Intangible assets

Intangible assets are stated at cost, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost of each asset over its expected useful life as follows:

Goodwill | 5 years straight line

###### Goodwill

Goodwill arises on business combination and represents any excess of consideration given over the fair value of the identifiable assets and liabilities acquired. Goodwill is initially recognised as an intangible asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight line basis over its useful economic life, which is 5 years.

##### Tangible fixed assets

Tangible fixed assets are stated at cost, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings | depreciated over the life of the lease
Plant and machinery | 25 % reducing balance
Fixtures and fittings | 25 % reducing balance
Computer equipment | 25 % reducing balance

Depreciation methods, useful lives and residual values are reviewed at each balance sheet date. The selection of these residual values and estimated lives requires the exercise of judgement. The directors are required to assess whether there is an indication of impairment to the carrying value of assets. In making that assessment, judgements are made in estimating value in use. The directors consider that the individual carrying values of assets are supportable by their value in use.
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 credited or charged to profit or loss.

##### Leases

The Company as lessee
Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

##### Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.
At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

##### Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks.

##### Financial instruments

Financial assets and financial liabilities are recognised when the company becomes a party to the contractual provisions of the instrument.
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 Company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include trade and other 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 assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities, including trade and other creditors, bank loans, and amounts owed to group undertakings, 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 company’s contractual obligations expire or are discharged or cancelled.

Equity instruments
Equity instruments issued by the company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.

##### Ordinary share capital

The ordinary share capital of the company is presented as equity.

#### 2. Employees

| 2024 |  | 2023
| Number |  | Number
Monthly average number of persons employed by the company during the year, including directors | 30 |  | 23

#### 3. Intangible assets

| Goodwill |  | Total
| £ |  | £
Cost |  |  |
At 01 January 2024 | 50,000 |  | 50,000
At 31 December 2024 | 50,000 |  | 50,000
Accumulated amortisation |  |  |
At 01 January 2024 | 50,000 |  | 50,000
At 31 December 2024 | 50,000 |  | 50,000
Net book value |  |  |
At 31 December 2024 | 0 |  | 0
At 31 December 2023 | 0 |  | 0

#### 4. Tangible assets

| Land and buildings |  | Plant and machinery |  | Fixtures and fittings |  | Computer equipment |  | Total
| £ |  | £ |  | £ |  | £ |  | £
Cost |  |  |  |  |  |  |  |  |
At 01 January 2024 | 33,847 |  | 34,034 |  | 101,005 |  | 469 |  | 169,355
Additions | 0 |  | 0 |  | 5,638 |  | 0 |  | 5,638
At 31 December 2024 | 33,847 |  | 34,034 |  | 106,643 |  | 469 |  | 174,993
Accumulated depreciation |  |  |  |  |  |  |  |  |
At 01 January 2024 | 7,051 |  | 27,796 |  | 78,837 |  | 23 |  | 113,707
Charge for the financial year | 8,462 |  | 1,560 |  | 5,935 |  | 94 |  | 16,051
At 31 December 2024 | 15,513 |  | 29,356 |  | 84,772 |  | 117 |  | 129,758
Net book value |  |  |  |  |  |  |  |  |
At 31 December 2024 | 18,334 |  | 4,678 |  | 21,871 |  | 352 |  | 45,235
At 31 December 2023 | 26,796 |  | 6,238 |  | 22,168 |  | 446 |  | 55,648

#### 5. Stocks

| 2024 |  | 2023
| £ |  | £
Stocks | 15,833 |  | 29,061

#### 6. Debtors

| 2024 |  | 2023
| £ |  | £
Trade debtors | 7,244 |  | 16,605
Prepayments | 3,517 |  | 12,167
Deferred tax asset | 687 |  | 0
Other debtors | 35,917 |  | 36,176
| 47,365 |  | 64,948

#### 7. Creditors: amounts falling due within one year

| 2024 |  | 2023
| £ |  | £
Bank loans | 30,000 |  | 30,000
Trade creditors | 56,949 |  | 56,830
Amounts owed to Group undertakings | 74,397 |  | 75,486
Accruals | 8,770 |  | 11,656
Other taxation and social security | 55,518 |  | 77,331
Other creditors | 2,401 |  | 2,787
| 228,035 |  | 254,090

#### 8. Creditors: amounts falling due after more than one year

| 2024 |  | 2023
| £ |  | £
Bank loans | 12,500 |  | 42,500

#### 9. Provision for liabilities

| 2024 |  | 2023
| £ |  | £
Deferred tax | 0 |  | 3,829

#### 10. Called-up share capital

| 2024 |  | 2023
| £ |  | £
Allotted, called-up and fully-paid |  |  |
120 Ordinary shares of £ 1.00 each | 120 |  | 120

#### 11. Financial commitments

Commitments

| 2024 |  | 2023
| £ |  | £
Total future minimum lease payments under non-cancellable operating lease | 396,909 |  | 539,287

Pensions

The company operates a defined contribution pension scheme for the directors and employees. The assets of the scheme are held separately from those of the company in an independently administered fund. The outstanding balance at the reporting date is included within other creditors.

| 2024 |  | 2023
| £ |  | £
Outstanding pension contributions | 1,638 |  | 2,716