Mad Squirrel Tap Watford Ltd

	Page
Company Information	1
Balance Sheet	2—3
Notes to the Financial Statements	4—6

Page 1

Page 2

Balance Sheet

As At 30 June 2025

Balance Sheet

Registered number: 13438956

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		90,309		120,053

			90,309		120,053
CURRENT ASSETS
Stocks	5	14,741		10,963
Debtors	6	32,665		25,152
Cash at bank and in hand		8,724		19,181

		56,130		55,296
Creditors: Amounts Falling Due Within One Year	7	(475,275 )		(459,015 )

NET CURRENT ASSETS (LIABILITIES)			(419,145 )		(403,719 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(328,836 )		(283,666 )

NET LIABILITIES			(328,836 )		(283,666 )

CAPITAL AND RESERVES
Called up share capital	8		1		1
Profit and Loss Account			(328,837 )		(283,667 )

SHAREHOLDERS' FUNDS			(328,836)		(283,666)

Page 2

Page 3

Mad Squirrel Tap Watford Ltd

Balance Sheet (continued)

As At 30 June 2025

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

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Jason Duncan-Anderson

Director

15 December 2025

The notes on pages 4 to 6 form part of these financial statements.

Page 3

Page 4

Mad Squirrel Tap Watford Ltd

Notes to the Financial Statements

For The Year Ended 30 June 2025

Notes to the Financial Statements

1. General Information

Mad Squirrel Tap Watford Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13438956 . The registered office is Unit 18 Boxted Farm, Berkhamsted Road, Hemel Hempstead, Herts, HP1 2SG.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

Presentation currency

The accounts are presented in GBP.

2.2. Going Concern Disclosure

The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.

These accounts have been prepared on the going concern basis, on the understanding that the directors and shareholders will continue to financially support the company during this uncertain period.

The directors have no reason to believe that the company will not be able to meet its obligations as they fall due.

2.3. 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. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

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.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery

25% reducing balance

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.6. Taxation

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

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period 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.

...CONTINUED

Page 4

Page 5

Mad Squirrel Tap Watford Ltd

Notes to the Financial Statements (continued)

For The Year Ended 30 June 2025

2.6. Taxation - continued

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

2.7. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 16 (2024: 13)

4. Tangible Assets

	Plant & Machinery
	£
Cost
As at 1 July 2024	222,642
Additions	359

As at 30 June 2025	223,001

Depreciation
As at 1 July 2024	102,589
Provided during the period	30,103

As at 30 June 2025	132,692

Net Book Value
As at 30 June 2025	90,309

As at 1 July 2024	120,053

5. Stocks

	2025	2024
	£	£
Finished goods	14,741	10,963

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	-	1,896
Prepayments and accrued income	32,665	23,256

	32,665	25,152

Page 5

Page 6

Mad Squirrel Tap Watford Ltd

Notes to the Financial Statements (continued)

For The Year Ended 30 June 2025

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	41,571	35,387
Other taxes and social security	2,966	2,943
VAT	11,414	8,954
Other creditors	-	1,688
Accruals	55,904	61,961
Amounts owed to group undertakings	363,420	348,082

	475,275	459,015

8. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	1	1

9. Other Commitments

The total of future minimum lease payments under non-cancellable operating leases are as following:

	2025	2024
	£	£
Later than five years	583,333	633,333

	583,333	633,333

10. Related Party Transactions

At the end of the year the company owed its parent company, Red Squirrel Group Limited, £309,999 (2024 - £279,999).

At the end of the year the company also owed £53,183 (2024 - £58,290) and £238 (2024 - £9,793) to associated companies Red Squirrel Brewery Limited and The Brewery Shop Limited.

During the year the company bought goods to the value of £77,616 (2024 - £78,341) from Red Squirrel Brewery Limited.

The company has taken advantage of the exemption in FRS 102 paragraph 1AC.35 from disclosing transactions with members of the Red Squirrel Group Limited, on the grounds that it is a wholly-owned member of the group.

11. Ultimate Controlling Party

The company's ultimate controlling party is Red Squirrel Group Limited by virtue of his ownership of 100% of the issued share capital in the company.

Mad Squirrel Tap Watford Ltd is a subsidiary of Red Squirrel Group Limited, a company incorporated in England.

Red Squirrel Group Ltd has the same address as its subsidiary.

Page 6

Directors	Jason Duncan-Anderson
	Gregory Blesson

Company Number	13438956

Registered Office	Unit 18 Boxted Farm
	Berkhamsted Road
	Hemel Hempstead
	Herts
	HP1 2SG

Accountants	HJP Chartered
	Audley House
	Northbridge Road
	Berkhamsted
	Herts
	HP4 1EH