Cask London Ltd

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

1. General Information

Cask London Ltd is a private company limited by shares, and is incorporated in England & Wales (registered number 09884453 .) Its registered office is located at 62 The Street, Ashtead, Surrey, KT21 1AT.

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.

The financial statements are presented in sterling, which is the functional currency of the company.

The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and have also been consistently applied within the same accounts.

2.2. Significant judgements and estimations

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

Estimates and their underlying assumptions are reviewed on an ongoing basis.

The items in the financial statements where these judgement and estimates have been made include:

- The useful life of fixed assets

2.3. Turnover

Turnover from the sale of goods is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Turnover from the sale of goods is recognised when the company has fulfilled its contractual obligations and the significant risks and rewards of ownership of the goods has transferred to the customer. This is usually at the point that the customer has taken 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% on cost
Motor Vehicles	25% on cost
Fixtures & Fittings	25% on cost
Computer Equipment	25% on cost

Impairment of Assets

At each reporting date, fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount.

If an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment been recognised for the asset in prior years.

All impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

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Cask London Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

2.5. Leasing and Hire Purchase Contracts

Hire purchase contracts and leasing commitments

Assets obtained under finance leases and hire purchase contracts are capitalised as tangible fixed assets at the lower of fair value and the present value of the minimum lease payments, and are depreciated over the shorter of the lease term and their useful lives.

Finance leases and hire purchase contracts are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included within creditors, net of future interest and finance charges. The finance element of rental payments is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

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

2.6. Stocks and Work in Progress

Stocks are stated 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.

2.7. Financial Instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, and loans with related parties and other third parties.

Financial Assets

Basic financial assets, including trade and other receivables, and cash and bank balances are recognised at transaction price, less any impairment.

Financial Liabilities

Basic financial liabilities, including trade and other payables, are recognised at transaction price, less any impairment, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

2.8. Taxation

The overall tax charge represents the sum of the tax currently payable and deferred tax.

Current and deferred tax are recognised in the profit and loss account 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. On the grounds of immateriality, deferred tax assets and liabilities are not discounted.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because it excludes items of income and expenditure that are not taxable or deductible, or that are taxable or deductible in other accounting periods. 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

Deferred tax is provided in full on timing differences which result in an obligation at the balance sheet date to pay more tax, or a right to pay less tax, at a future date, at rates expected to apply when they crystallise. Timing differences arise from the inclusion of items of income and expenditure in the taxation computation in periods different from those in which they are included in the financial statements.

Deferred tax assets are recognised to the extent that it is regarded as more likely than not that they will be recovered.

2.9. 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: 10 (2024: 10)

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Cask London Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

4. Tangible Assets

	Plant & Machinery etc.
	£
Cost
As at 1 April 2024	140,865
Additions	82,345

As at 31 March 2025	223,210

Depreciation
As at 1 April 2024	70,875
Provided during the period	38,973

As at 31 March 2025	109,848

Net Book Value
As at 31 March 2025	113,362

As at 1 April 2024	69,990

5. Stocks

	2025	2024
	£	£
Stock	33,154	20,075

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	13,586	9,829
Other debtors	28,065	28,959

	41,651	38,788

7. Creditors: Amounts falling due within one year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	16,070	10,502
Trade creditors	20,849	132,330
Bank loans and overdrafts	11,648	10,000
Other creditors	29,746	6,366
Taxation and social security	72,687	8,928

	151,000	168,126

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Cask London Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

8. Creditors: Amounts falling due after more than one year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	36,950	21,271
Bank loans	4,167	14,167
Other creditors	-	22,880

	41,117	58,318

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	200	200

10. Other Commitments

At the balance sheet date, the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases as follows:

	2025	2024
	£	£
Not later than one year	10,335	10,335
Later than one year and not later than five years	12,058	22,393

	22,393	32,728

11. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 1 April 2024	Amounts advanced	Amounts repaid	Amounts written off	As at 31 March 2025
	£	£	£	£	£
Mr Ben Boys	8,085	6,968	(8,085 )	-	6,968
Mr Thomas Haywood	8,175	7,499	(8,175 )	-	7,499

The above loans are unsecured, interest free and repayable on demand.

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		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		113,362		69,990

			113,362		69,990
CURRENT ASSETS
Stocks	5	33,154		20,075
Debtors	6	41,651		38,788
Cash at bank and in hand		88,657		111,139

		163,462		170,002
Creditors: Amounts falling due within one year	7	(151,000 )		(168,126 )

NET CURRENT ASSETS (LIABILITIES)			12,462		1,876

TOTAL ASSETS LESS CURRENT LIABILITIES			125,824		71,866

Creditors: Amounts falling due after more than one year	8		(41,117 )		(58,318 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(28,340 )		(13,299 )

NET ASSETS			56,367		249

CAPITAL AND RESERVES
Called up share capital	9		200		200
Profit and Loss Account			56,167		49

SHAREHOLDERS' FUNDS			56,367		249