Nethergate Brewery Co Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 08983113 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Nethergate Brewery Co Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R Burge

G J Burlison

C F Eaton

J Nevison Grainger

J S Holberry

REGISTERED OFFICE:

Rodbridge Corner

Long Melford

Sudbury

Suffolk

CO10 9HJ

REGISTERED NUMBER:

08983113 (England and Wales)

ACCOUNTANTS:

FWD Accounts Limited

7 Forbes Business Centre

Kempson Way

Bury St Edmunds

Suffolk

IP32 7AR

FIXED ASSETS

Intangible assets

3

1,033

1,233

Tangible assets

4

2,303,189

1,884,776

2,304,222

1,886,009

CURRENT ASSETS

Stocks

306,036

286,089

Debtors

5

159,201

134,710

Cash at bank and in hand

26,303

77,447

491,540

498,246

CREDITORS

Amounts falling due within one year

6

264,810

268,898

NET CURRENT ASSETS

226,730

229,348

TOTAL ASSETS LESS CURRENT
LIABILITIES

2,530,952

2,115,357

CREDITORS

Amounts falling due after more than one
year

7

(841,692

)

(566,495

)

PROVISIONS FOR LIABILITIES

(79,909

)

(44,982

)

NET ASSETS

1,609,351

1,503,880

CAPITAL AND RESERVES

Called up share capital

8

1,454,899

Share premium

9

199,330

Fair Value reserve

9

66,748

60,318

Retained earnings

9

(111,626

)

(210,667

)

SHAREHOLDERS' FUNDS

1,609,351

1,503,880

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 November 2025 and were signed on its behalf by:

J S Holberry - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of one years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

Straight line over 50 years

Plant and machinery

-

10% on reducing balance and at varying rates on cost

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

2.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 26 (2024 - 26 ) .

3.	INTANGIBLE FIXED ASSETS

Development

Goodwill

costs

Totals

£

COST

At 1 April 2024

and 31 March 2025

4

2,000

2,004

AMORTISATION

At 1 April 2024

4

767

771

Amortisation for year

-

200

At 31 March 2025

4

967

971

NET BOOK VALUE

At 31 March 2025

-

1,033

At 31 March 2024

-

1,233

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

COST OR VALUATION

At 1 April 2024

1,237,914

827,172

127,196

73,444

2,265,726

Additions

425,077

38,147

16,973

11,500

491,697

Disposals

-

(17,365

)

-

(17,365

)

Revaluations

10,000

-

10,000

At 31 March 2025

1,672,991

847,954

144,169

84,944

2,750,058

DEPRECIATION

At 1 April 2024

44,428

231,972

81,195

23,355

380,950

Charge for year

11,463

41,425

10,128

10,714

73,730

Eliminated on disposal

-

(7,811

)

-

(7,811

)

At 31 March 2025

55,891

265,586

91,323

34,069

446,869

NET BOOK VALUE

At 31 March 2025

1,617,100

582,368

52,846

50,875

2,303,189

At 31 March 2024

1,193,486

595,200

46,001

50,089

1,884,776

Included in cost or valuation of land and buildings is freehold land of £ 844,998 (2024 - £ 834,998 ) which is not depreciated.

Cost or valuation at 31 March 2025 is represented by:

Fixtures

Freehold

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

Valuation in 2018

-

29,106

-

29,106

Valuation in 2020

21,447

-

21,447

Valuation in 2021

8,000

-

8,000

Valuation in 2022

10,000

-

10,000

Valuation in 2023

20,000

-

20,000

Valuation in 2024

10,000

-

10,000

Valuation in 2025

10,000

-

10,000

Cost

1,593,544

818,848

144,169

84,944

2,641,505

1,672,991

847,954

144,169

84,944

2,750,058

Casks are revalued annually by the directors to reflect their market value.

Freehold property is revalued annually by the directors to reflect their market value. Upon revaluation in 2025 the value was increased by £10,000.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/3/24

£

Trade debtors

112,537

125,036

Other debtors

46,664

9,674

159,201

134,710

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/3/24

£

Bank loans and overdrafts

10,000

Hire purchase contracts

4,803

Trade creditors

43,942

58,423

Taxation and social security

37,384

39,131

Other creditors

168,681

156,541

264,810

268,898

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/3/25

31/3/24

£

Bank loans

2,500

12,500

Hire purchase contracts

29,192

33,995

Other creditors

810,000

520,000

841,692

566,495

Amounts falling due in more than five years:

Repayable by instalments

Other loans more 5yrs instal

450,000

200,000

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/3/25

31/3/24

value:

£

1,454,899

Ordinary

£1

1,454,899

9.

RESERVES

Fair

Retained

Share

Value

earnings

premium

reserve

Totals

£

At 1 April 2024

(210,667

)

199,330

60,318

48,981

Profit for the year

105,471

Revaluation

(7,500

)

-

7,500

-

Cask revaluation depreciation

1,070

-

(1,070

)

-

At 31 March 2025

(111,626

)

199,330

66,748

154,452

10.	RELATED PARTY DISCLOSURES

An unsecured loan to the sum of £850,000 (2024:£600,000) was owed by the business to Burlison Inns Limited at the year end, a company which is controlled by Mr G Burlison. The terms of this loan are based on 6% per annum, charged on a monthly balance.