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Registration number: 08991137

Grace Land (Stoke Newington) Limited
Unaudited Filleted Financial Statements
for the Year Ended 30 June 2025

Grace Land (Stoke Newington) Limited

Contents

Company Information | 1
Balance Sheet | 2
Notes to the Unaudited Financial Statements | 3 to 7

Grace Land (Stoke Newington) Limited

Company Information

Directors | Anselm Chatwin Jon Andreas Akerlund

Registered office | The Axe 18 Northwold Road London N16 7HR

Accountants | Carbon Accountancy Limited Chartered Accountants80-83 Long Lane London EC1A 9ET

Grace Land (Stoke Newington) Limited

(Registration number: 08991137)
Balance Sheet as at 30 June 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 178,750 | 203,443
Current assets |  |  |
Stocks | 5 | 11,000 | 15,210
Debtors | 6 | 231,119 | 111,244
Cash at bank and in hand |  | 7,890 | 15,519
|  | 250,009 | 141,973
Creditors: Amounts falling due within one year | 7 | (430,569) | (531,434)
Net current liabilities |  | (180,560) | (389,461)
Total assets less current liabilities |  | (1,810) | (186,018)
Creditors: Amounts falling due after more than one year | 7 | (290,209) | -
Provisions for liabilities |  | (31,117) | (35,014)
Net liabilities |  | (323,136) | (221,032)
Capital and reserves |  |  |
Called up share capital | 8 | 1,000 | 1,000
Retained earnings |  | (324,136) | (222,032)
Shareholders' deficit |  | (323,136) | (221,032)

For the financial 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.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 23 March 2026 and signed on its behalf by:

......................................... Anselm Chatwin Director

Grace Land (Stoke Newington) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

1 | General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
The Axe
18 Northwold Road
London
N16 7HR

These financial statements were authorised for issue by the Board on 23 March 2026.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover is the fair value of consideration received or receivable for goods and services provided in the normal course of business, net of discounts and taxes. Turnover principally consists of drink and food sales, which are recognised at the point at which goods are provided.

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Grace Land (Stoke Newington) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Leasehold and leasehold improvement | over the term of the lease
Plant and machinery | 20% reducing balance
Fixture and fittings | 20% reducing balance
Computer equipment | 33.33% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
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 receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Grace Land (Stoke Newington) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 12 (2024 - 21).

4 | Tangible assets

| Land and buildings £ | Furniture, fittings and equipment £ | Other tangible assets £ | Total £
Cost or valuation
At 1 July 2024 | 152,120 | 399,975 | 62,581 | 614,676
Additions | - | 485 | - | 485
At 30 June 2025 | 152,120 | 400,460 | 62,581 | 615,161
Depreciation
At 1 July 2024 | 43,591 | 315,217 | 52,425 | 411,233
Charge for the year | 6,084 | 17,063 | 2,031 | 25,178
At 30 June 2025 | 49,675 | 332,280 | 54,456 | 436,411
Carrying amount
At 30 June 2025 | 102,445 | 68,180 | 8,125 | 178,750
At 30 June 2024 | 108,529 | 84,758 | 10,156 | 203,443

Included within the net book value of land and buildings above is £102,445 (2024 - £108,530) in respect of short leasehold land and buildings.

Grace Land (Stoke Newington) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

5 | Stocks

| 2025 £ | 2024 £
Other inventories | 11,000 | 15,210

6 | Debtors

Current | Note | 2025 £ | 2024 £
Amounts owed by group undertakings | 10 | 179,764 | 73,595
Prepayments |  | 29,607 | 15,075
Other debtors |  | 21,748 | 22,574
|  | 231,119 | 111,244

7 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Trade creditors |  | 62,492 | 63,967
Amounts owed to group undertakings | 10 | 288,953 | 310,255
Taxation and social security |  | 48,345 | 49,038
Accruals and deferred income |  | 30,336 | 57,690
Other creditors |  | 443 | 50,484
|  | 430,569 | 531,434

Creditors: amounts falling due after more than one year

| Note | 2025 £ | 2024 £
Due after one year |  |  |
Loans and borrowings | 9 | 290,209 | -

8 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary shares of £1 each | 1,000 | 1,000 | 1,000 | 1,000

Grace Land (Stoke Newington) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

9 | Loans and borrowings

Non-current loans and borrowings

| 2025 £ | 2024 £
Other borrowings | 290,209 | -

10 | Related party transactions

At the balance sheet date amount due from/(to) related parties (fellow subsidiaries & the Parent entity) are as follows:
Grace Land (Islington) Limited: (£20,661) (2024: £15,080)
Grace Land (Bethnal) Limited: £37,834 (2024: £44,706)
London Fields Brewery Opco Limited: £136,237 (2024: £13,810)
Grace Land Group Limited: (£244,522) (2024: (£239,458))
Grace Land (Dalston) Limited: (£21,148) (2024: (£17,429))
Grace Land (Bethnal Green) Limited: £nil (2024: (£31,959))
Grace Land (Camden) Limited: £nil (2024: (£9,803))
Grace Land (Swain) Limited: (£2,621) (2024: (£11,606))
These loan are unsecured,interest free and repayable on demand.

11 | Parent and ultimate parent undertaking

The company's immediate parent is Grace Land Group Limited, incorporated in England.