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Registration number: 03330811

Hobsons Brewery and Company Limited
Unaudited Filleted Financial Statements
for the Year Ended 30 April 2025

Hobsons Brewery and Company Limited

Contents

Company Information | 1
Balance Sheet | 2 to 3
Notes to the Unaudited Financial Statements | 4 to 10

Hobsons Brewery and Company Limited

Company Information

Directors | M Churchward P Churchward K Pearce N E J Davis C Wilson

Company secretary | S Davis

Registered office | Newhouse Farm Tenbury Road Cleobury Mortimer Shropshire DY14 8RB

Accountants | Ballards LLP Chartered AccountantsOakmoore Court 11c Kingswood Road Hampton Lovett Droitwich Worcestershire WR9 0QH

Hobsons Brewery and Company Limited

(Registration number: 03330811)
Balance Sheet as at 30 April 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Intangible assets | 4 | 16,400 | 18,450
Tangible assets | 5 | 770,539 | 871,297
Other financial assets | 6 | 95,094 | 95,094
|  | 882,033 | 984,841
Current assets |  |  |
Stocks | 7 | 218,399 | 249,044
Debtors | 8 | 342,395 | 293,564
Cash at bank and in hand |  | 217,049 | 168,800
|  | 777,843 | 711,408
Creditors: Amounts falling due within one year | 9 | (295,938) | (230,319)
Net current assets |  | 481,905 | 481,089
Total assets less current liabilities |  | 1,363,938 | 1,465,930
Creditors: Amounts falling due after more than one year | 9 | (2,444) | (9,778)
Provisions for liabilities |  | (135,879) | (127,793)
Net assets |  | 1,225,615 | 1,328,359
Capital and reserves |  |  |
Called up share capital |  | 1,000 | 1,000
Retained earnings |  | 1,224,615 | 1,327,359
Shareholders' funds |  | 1,225,615 | 1,328,359

Hobsons Brewery and Company Limited

(Registration number: 03330811)
Balance Sheet as at 30 April 2025

For the financial year ending 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 3 November 2025 and signed on its behalf by:

......................................... N E J Davis Director |  |

Hobsons Brewery and Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Newhouse Farm
Tenbury Road
Cleobury Mortimer
Shropshire
DY14 8RB

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

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, rebates 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.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.
Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Hobsons Brewery and Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

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 probably that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Motor vehicles | Reducing balance - 25%
Long leasehold | Straight line over the life of the lease
Fixtures and fittings | Straight line - 33%
Plant and machinery | Reducing balance - 10%

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class | Amortisation method and rate
Licences | Straight line - 10%

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Hobsons Brewery and Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stock is valued at raw material value at average landed cost.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Hobsons Brewery and Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.
Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.
Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 24 (2024 - 27).

Hobsons Brewery and Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

4 | Intangible assets

| Patents and licences £ | Total £
Cost or valuation
At 1 May 2024 | 20,500 | 20,500
At 30 April 2025 | 20,500 | 20,500
Amortisation
At 1 May 2024 | 2,050 | 2,050
Amortisation charge | 2,050 | 2,050
At 30 April 2025 | 4,100 | 4,100
Carrying amount
At 30 April 2025 | 16,400 | 16,400
At 30 April 2024 | 18,450 | 18,450

5 | Tangible assets

| Land and buildings £ | Furniture, fittings and equipment £ | Motor vehicles £ | Total £
Cost or valuation
At 1 May 2024 | 879,497 | 2,062,607 | 233,630 | 3,175,734
Additions | 1,750 | 38,370 | - | 40,120
Disposals | - | (28,322) | (8,667) | (36,989)
At 30 April 2025 | 881,247 | 2,072,655 | 224,963 | 3,178,865
Depreciation
At 1 May 2024 | 635,303 | 1,484,133 | 185,001 | 2,304,437
Charge for the year | 24,217 | 102,003 | 12,866 | 139,086
Eliminated on disposal | - | (26,958) | (8,239) | (35,197)
At 30 April 2025 | 659,520 | 1,559,178 | 189,628 | 2,408,326
Carrying amount
At 30 April 2025 | 221,727 | 513,477 | 35,335 | 770,539
At 30 April 2024 | 244,194 | 578,474 | 48,629 | 871,297

Hobsons Brewery and Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

Included within the net book value of land and buildings above is £221,728 (2024 - £244,194) in respect of long leasehold land and buildings.

6 | Other financial assets (current and non-current)

| Other investments £ | Total £
Cost
At 1 May 2024 | 95,094 | 95,094
At 30 April 2025 | 95,094 | 95,094
Carrying amount
At 30 April 2025 | 95,094 | 95,094
At 30 April 2024 | 95,094 | 95,094

7 | Stocks

| 2025 £ | 2024 £
Stock | 218,399 | 249,044

8 | Debtors

Current | 2025 £ | 2024 £
Trade debtors | 254,094 | 185,801
Prepayments | 15,477 | 11,148
Other debtors | 72,824 | 96,615
| 342,395 | 293,564

Hobsons Brewery and Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

9 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Loans and borrowings | 10 | 7,333 | 7,333
Trade creditors |  | 74,670 | 81,687
Taxation and social security |  | 101,111 | 77,543
Accruals and deferred income |  | 108,053 | 60,610
Other creditors |  | 4,771 | 3,146
|  | 295,938 | 230,319

Creditors: amounts falling due after more than one year

| Note | 2025 £ | 2024 £
Due after one year |  |  |
Loans and borrowings | 10 | 2,444 | 9,778

10 | Loans and borrowings

Non-current loans and borrowings

| 2025 £ | 2024 £
Hire purchase contracts | 2,444 | 9,778

Current loans and borrowings

| 2025 £ | 2024 £
Hire purchase contracts | 7,333 | 7,333