Company registration number 11749372 (England and Wales)
THORNBRIDGE BARS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
THORNBRIDGE BARS LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
THORNBRIDGE BARS LIMITED
BALANCE SHEET
AS AT 31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Investments
3
54
54
Current assets
Debtors
5
410,101
275,214
Cash at bank and in hand
49,528
5,562
459,629
280,776
Creditors: amounts falling due within one year
6
(1,109)
(2,776)
Net current assets
458,520
278,000
Net assets
458,574
278,054
Capital and reserves
Called up share capital
7
100
100
Profit and loss reserves
458,474
277,954
Total equity
458,574
278,054

For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he 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 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.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 10 October 2025 and are signed on its behalf by:
J R Harrison
Director
Company registration number 11749372 (England and Wales)
THORNBRIDGE BARS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 2 -
1
Accounting policies
Company information

Thornbridge Bars Limited is a private company limited by shares incorporated in England and Wales. The registered office is Riverside Brewery, Buxton Road, Bakewell, Derbyshire, DE45 1GS.

1.1
Accounting convention

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 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts 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.

1.2
Fixed asset investments

Interests in jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.

1.3
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.4
Financial instruments

The company 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 company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with 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

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.

Classification of financial liabilities

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.

THORNBRIDGE BARS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 3 -
Basic financial liabilities

Basic financial liabilities, including creditors, loans, 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 paymen ts 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.

1.5
Equity instruments

Equity instruments issued by the company 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 company.

1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current 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 company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

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 when the company has 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.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
0
0
THORNBRIDGE BARS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 4 -
3
Fixed asset investments
2025
2024
£
£
Shares in participating interests
54
54
4
Joint ventures

Details of the company's joint ventures at 31 March 2025 are as follows:

Name of undertaking
Registered office
Interest
% Held
held
Direct
T'Bridge Cafe Limited
Home Farm, Melbourne, York, United Kingdom, YO42 4SX
Ordinary
50.00
Kelham Island Brew Co Limited
D S House,306 High Street, Croydon, Surrey, CRO 1NG
Ordinary B
50.00
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Other debtors
410,101
275,214
6
Creditors: amounts falling due within one year
2025
2024
£
£
Corporation tax
170
909
Accruals and deferred income
939
1,867
1,109
2,776
7
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares A1 of £1 each
35
35
35
35
Ordinary shares A2 of £1 each
35
35
35
35
Ordinary shares B of £1 each
10
10
10
10
Ordinary shares C of £1 each
10
10
10
10
Ordinary shares D of £1 each
10
10
10
10
100
100
100
100
THORNBRIDGE BARS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
7
Called up share capital
(Continued)
- 5 -

Proceeds from the sale of Class 1 Assets (as defined in the Memorandum and Articles of Association) shall be paid or otherwise distributed amongst the holders of the A1, A2, B, C and D shares pro rata in accordance with their holdings of shares.

Proceeds from the sale of Class 2 Assets (as defined in the Memorandum and Articles of Association) shall be paid or otherwise distributed amongst the holders of the A1, A2, B and C shares pro rata in accordance with their holdings of shares.

8
Related party transactions
Transactions with related parties

During the year the company entered into the following transactions with related parties:

During the year a further loan of £190,000 was made to The Thornbridge Hall County House Brewing Company Limited a company jointly controlled by J Harrison and S Webster. At the year end £410,000 (2024: £220,000) remained outstanding and is included in other debtors, the loan is interest free and repayable on demand.

9
Directors' transactions

Dividends totalling £30,000 (2024 - £15,000) were paid in the year in respect of shares held by the company's directors.

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