Company No:
Contents
| DIRECTORS | H J Parente |
| I Goodwin | |
| C E Monk |
| REGISTERED OFFICE | Portland Estate Office Cavendish House |
| Welbeck | |
| Worksop | |
| S80 3LL | |
| United Kingdom |
| COMPANY NUMBER | 07051605 (England and Wales) |
| AUDITOR | Dixon Wilson Audit Services LLP |
| Statutory Auditor | |
| 22 Chancery Lane | |
| London | |
| WC2A 1LS |
| Note | 2025 | 2024 | ||
| £ | £ | |||
| Fixed assets | ||||
| Tangible assets | 3 |
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| 131,726 | 118,656 | |||
| Current assets | ||||
| Stocks |
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| Debtors | 4 |
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| Cash at bank and in hand |
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| 137,060 | 127,586 | |||
| Creditors: amounts falling due within one year | 5 | (
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| Net current assets | 9,518 | 18,543 | ||
| Total assets less current liabilities | 141,244 | 137,199 | ||
| Provision for liabilities | 6 | (
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| Net assets |
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| Capital and reserves | ||||
| Called-up share capital |
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| Profit and loss account |
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| Total shareholders' funds |
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The financial statements of Welbeck Abbey Brewery Limited (registered number:
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H J Parente
Director |
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.
Welbeck Abbey Brewery 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 Portland Estate Office Cavendish House, Welbeck, Worksop, S80 3LL, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, 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 £.
The financial statements are prepared on a going concern basis.
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.
Under an agreement between companies within the group, a company that surrenders tax losses for group relief is entitled to receive compensation from the claimant company equal to the amount of relief in terms of tax saving generated from the loss relief claim. The compensation is recognised in the year to which the loss relief claim relates and is recorded as a tax credit (in the case of the surrendering company) and a tax expense (in the case of the claimant company).
Deferred tax
Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but are not reversed by the balance sheet date, except as required by FRS 102.
Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and laws that have been enacted or substantively enacted by the reporting date.
| Leasehold improvements |
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| Plant and machinery |
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| Office equipment |
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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.
Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.
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 debtors.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).
When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.
Final dividend distributions to the company’s shareholders are recognised in the financial statements in the reporting period in which the dividends are approved. Interim dividend distributions to the company’s shareholders are recognised when they are paid.
| 2025 | 2024 | ||
| Number | Number | ||
| Monthly average number of persons employed by the company during the year, including directors |
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| Leasehold improve- ments |
Plant and machinery | Vehicles | Office equipment | Total | |||||
| £ | £ | £ | £ | £ | |||||
| Cost | |||||||||
| At 01 April 2024 |
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| Additions |
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| Disposals |
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| At 31 March 2025 |
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| Accumulated depreciation | |||||||||
| At 01 April 2024 |
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| Charge for the financial year |
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| Disposals |
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| At 31 March 2025 |
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| Net book value | |||||||||
| At 31 March 2025 | 1,091 | 109,590 | 20,940 | 105 | 131,726 | ||||
| At 31 March 2024 | 1,692 | 86,424 | 30,338 | 202 | 118,656 |
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| £ | £ | ||
| Trade debtors |
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| Other debtors |
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| £ | £ | ||
| Trade creditors |
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| Amounts owed to group undertakings (note 8) |
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| Amounts owed in respect to group relief |
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| Other taxation and social security |
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| Other creditors |
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| Deferred taxation | Total | ||
| £ | £ | ||
| At 01 April 2024 |
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27,310 | |
| Charged to the Profit and Loss Account |
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1,846 | |
| At 31 March 2025 |
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29,156 | |
Deferred tax
| 2025 | 2024 | ||
| £ | £ | ||
| Accelerated capital allowances |
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| Tax losses available | (
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| Provision for deferred tax |
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Commitments
Total future minimum lease payments under non-cancellable operating leases are as follows:
| 2025 | 2024 | ||
| £ | £ | ||
| within one year |
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Transactions with related parties or connected persons
Summary of transactions with parent
During the year the company made the following related party transactions:
The Welbeck Estates Company Limited owns 90% of the shares of the company. During the year the company was charged £21,892 (2024 - £30,788) by The Welbeck Estates Company Limited for expenses paid on the company's behalf. At the balance sheet date the amount due to The Welbeck Estates Company Limited was £24,461 (2024 - £19,903).
The audit report was signed by Gregory Smye-Rumsby on behalf of Dixon Wilson Audit Services LLP.
Parent Company:
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| Portland Estate Office Cavendish House Welbeck Worksop Nottinghamshire S80 3LL |