Codebreaker Brew Co. Ltd


Directors	T C F Strange
	W P F Strange


Registered Address	Unit 7 Discovery Court
	North Hykeham
	Lincoln
	LN6 3AJ


Registered Number	09456073 (England and Wales)

Statement of Financial Position
31 March 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Intangible assets	3		25,781		30,132
Tangible assets	5		1,489		3,755
			27,270		33,887
Current assets
Stocks	6	7,210		8,210
Debtors	7	5,172		3,244
Cash at bank and on hand		1,454		2,109
		13,836		13,563
Creditors amounts falling due within one year	8	(322,760)		(279,199)
Net current assets (liabilities)			(308,924)		(265,636)
Total assets less current liabilities			(281,654)		(231,749)
Creditors amounts falling due after one year	9		(20,000)		(20,000)
Net assets			(301,654)		(251,749)
Capital and reserves
Called up share capital			100		100
Profit and loss account			(301,754)		(251,849)
Shareholders' funds			(301,654)		(251,749)

The company was entitled to exemption from audit for this reporting period 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 9 October 2025, and are signed on its behalf by:

T C F Strange
Director
Registered Company No. 09456073

Codebreaker Brew Co. Ltd

Notes to the Financial Statements
for the year ended 31 March 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Going concern
	Whilst the company has net liabilities, the directors believe that it is appropriate for the accounts to be prepared on a going concern basis as the shareholders have indicated that they will provide such support as necessary in order to ensure the company can trade for the foreseeable future. Without such support the ability of the company to trade successfully throughout the next 12 months may be in doubt.

Going concern

Whilst the company has net liabilities, the directors believe that it is appropriate for the accounts to be prepared on a going concern basis as the shareholders have indicated that they will provide such support as necessary in order to ensure the company can trade for the foreseeable future. Without such support the ability of the company to trade successfully throughout the next 12 months may be in doubt.

	Revenue from sale of goods
	Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Revenue from sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Intangible assets
	Separately acquired trademarks and licences are shown at historical cost. Trademarks, licences and customer-related intangible assets have a finite useful life and are carried at cost less accumulated amortisation and any accumulated impairment losses.

	Amortisation
	Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life. Trademarks are written off over 10 years.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


		Straight line (years)
	Plant and machinery	4
	Office Equipment	4

	Stocks and work in progress
	Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).

	Trade and other debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Trade and other debtors

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Trade and other creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Government grants or assistance
	Grants relating to revenue are recognised in the profit and loss on a systematic basis over the periods in which the entity recognises the related costs for which the grant is intended to compensate.

2.	Average number of employees
	The company has no employees.


		2025		2024
	Average number of employees during the year	0		0

3.	Intangible assets

	Other	Total
	£	£
Cost or valuation
At 01 April 24	43,508	43,508
At 31 March 25	43,508	43,508
Amortisation and impairment
At 01 April 24	13,376	13,376
Charge for year	4,351	4,351
At 31 March 25	17,727	17,727
Net book value
At 31 March 25	25,781	25,781
At 31 March 24	30,132	30,132

4.	Useful life of intangible assets
	Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life. Trademarks are written off over 10 years.

5.	Tangible fixed assets

	Plant & machinery	Office Equipment	Total
	£	£	£
Cost or valuation
At 01 April 24	6,908	2,153	9,061
At 31 March 25	6,908	2,153	9,061
Depreciation and impairment
At 01 April 24	4,296	1,010	5,306
Charge for year	1,727	539	2,266
At 31 March 25	6,023	1,549	7,572
Net book value
At 31 March 25	885	604	1,489
At 31 March 24	2,612	1,143	3,755

6.	Stocks

	2025	2024
	£	£
Finished goods	7,210	8,210
Total	7,210	8,210

7.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	408	-
Other debtors	1,507	134
Prepayments and accrued income	3,257	3,110
Total	5,172	3,244


	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.

8.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	9,186	2,227
Bank borrowings and overdrafts	3,976	1,451
Amounts owed to related parties	308,880	274,481
Accrued liabilities and deferred income	718	1,040
Total	322,760	279,199


	Short term creditors are measured at transaction price (which is usually the invoice price).

9.	Creditors: amounts due after one year

	2025	2024
	£	£
Amounts owed to related parties	20,000	20,000
Total	20,000	20,000

10.	Other commitments
	The total amount of financial commitments not included in the balance sheet is £7,000 (2024 - £3,050). This commitment represents the total minimum rental payments due for the business premises at the balance sheet date.