Silverfin false false 30/06/2025 01/07/2024 30/06/2025 A J Armstrong 15/11/2019 D Heslop 15/11/2019 F D Heslop 05/06/2019 V V Rosario 05/06/2019 18 May 2026 The principal activity of the Company during the financial year was the manufacture of beer. 12034574 2025-06-30 12034574 bus:Director1 2025-06-30 12034574 bus:Director2 2025-06-30 12034574 bus:Director3 2025-06-30 12034574 bus:Director4 2025-06-30 12034574 2024-06-30 12034574 core:CurrentFinancialInstruments 2025-06-30 12034574 core:CurrentFinancialInstruments 2024-06-30 12034574 core:Non-currentFinancialInstruments 2025-06-30 12034574 core:Non-currentFinancialInstruments 2024-06-30 12034574 core:ShareCapital 2025-06-30 12034574 core:ShareCapital 2024-06-30 12034574 core:SharePremium 2025-06-30 12034574 core:SharePremium 2024-06-30 12034574 core:RetainedEarningsAccumulatedLosses 2025-06-30 12034574 core:RetainedEarningsAccumulatedLosses 2024-06-30 12034574 core:LeaseholdImprovements 2024-06-30 12034574 core:PlantMachinery 2024-06-30 12034574 core:Vehicles 2024-06-30 12034574 core:FurnitureFittings 2024-06-30 12034574 core:OfficeEquipment 2024-06-30 12034574 core:ComputerEquipment 2024-06-30 12034574 core:LeaseholdImprovements 2025-06-30 12034574 core:PlantMachinery 2025-06-30 12034574 core:Vehicles 2025-06-30 12034574 core:FurnitureFittings 2025-06-30 12034574 core:OfficeEquipment 2025-06-30 12034574 core:ComputerEquipment 2025-06-30 12034574 bus:OrdinaryShareClass1 2025-06-30 12034574 bus:OrdinaryShareClass2 2025-06-30 12034574 2024-07-01 2025-06-30 12034574 bus:FilletedAccounts 2024-07-01 2025-06-30 12034574 bus:SmallEntities 2024-07-01 2025-06-30 12034574 bus:AuditExemptWithAccountantsReport 2024-07-01 2025-06-30 12034574 bus:PrivateLimitedCompanyLtd 2024-07-01 2025-06-30 12034574 bus:Director1 2024-07-01 2025-06-30 12034574 bus:Director2 2024-07-01 2025-06-30 12034574 bus:Director3 2024-07-01 2025-06-30 12034574 bus:Director4 2024-07-01 2025-06-30 12034574 core:LeaseholdImprovements core:TopRangeValue 2024-07-01 2025-06-30 12034574 core:PlantMachinery core:TopRangeValue 2024-07-01 2025-06-30 12034574 core:Vehicles 2024-07-01 2025-06-30 12034574 core:FurnitureFittings core:TopRangeValue 2024-07-01 2025-06-30 12034574 core:OfficeEquipment core:TopRangeValue 2024-07-01 2025-06-30 12034574 core:ComputerEquipment core:TopRangeValue 2024-07-01 2025-06-30 12034574 2023-07-01 2024-06-30 12034574 core:LeaseholdImprovements 2024-07-01 2025-06-30 12034574 core:PlantMachinery 2024-07-01 2025-06-30 12034574 core:FurnitureFittings 2024-07-01 2025-06-30 12034574 core:OfficeEquipment 2024-07-01 2025-06-30 12034574 core:ComputerEquipment 2024-07-01 2025-06-30 12034574 core:Non-currentFinancialInstruments 2024-07-01 2025-06-30 12034574 bus:OrdinaryShareClass1 2024-07-01 2025-06-30 12034574 bus:OrdinaryShareClass1 2023-07-01 2024-06-30 12034574 bus:OrdinaryShareClass2 2024-07-01 2025-06-30 12034574 bus:OrdinaryShareClass2 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure xbrli:shares

Company No: 12034574 (England and Wales)

# THE ORIGIN BEER COMPANY LTD

### UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 30 JUNE 2025
PAGES FOR FILING WITH THE REGISTRAR

THE ORIGIN BEER COMPANY LTD

## UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 JUNE 2025

Contents

THE ORIGIN BEER COMPANY LTD

## BALANCE SHEET

AS AT 30 JUNE 2025
THE ORIGIN BEER COMPANY LTD

## BALANCE SHEET (continued)

AS AT 30 JUNE 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Tangible assets | 3 | 493,266 |  | 669,213
|  | 493,266 |  | 669,213
Current assets |  |  |  |
Stocks |  | 126,239 |  | 78,296
Debtors | 4 | 134,611 |  | 153,069
Cash at bank and in hand |  | 14,148 |  | 23,648
|  | 274,998 |  | 255,013
Creditors: amounts falling due within one year | 5 | ( 378,314) |  | ( 283,397)
Net current liabilities |  | (103,316) |  | (28,384)
Total assets less current liabilities |  | 389,950 |  | 640,829
Creditors: amounts falling due after more than one year | 6 | ( 1,866,633) |  | ( 1,722,674)
Net liabilities |  | ( 1,476,683) |  | ( 1,081,845)
Capital and reserves |  |  |  |
Called-up share capital | 7 | 135 |  | 135
Share premium account |  | 374,867 |  | 374,867
Profit and loss account |  | ( 1,851,685 ) |  | ( 1,456,847 )
Total shareholders' deficit |  | ( 1,476,683) |  | ( 1,081,845)

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 financial statements for the financial year in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of The Origin Beer Company Ltd (registered number: 12034574) were approved and authorised for issue by the Board of Directors on 18 May 2026. They were signed on its behalf by:

D Heslop Director |

THE ORIGIN BEER COMPANY LTD

## NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 JUNE 2025
THE ORIGIN BEER COMPANY LTD

## NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 JUNE 2025

##### 1. Accounting policies

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.

##### General information and basis of accounting

The Origin Beer Company Ltd (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 Cornhill House, Cornhill On Tweed, Northumberland, TD12 4UD, England, United Kingdom.
The financial statements have been prepared under the historical cost convention 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 £.

##### Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The Company continues to be supported by the directors and investors throughout the investment phase. The directors have confirmed that the loan facilities will continue to be available for at least 12 months from the date of signing these financial statements and the directors will continue to support the Company.
Given the current position, the directors believe that any foreseeable debts can be met for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements

##### Turnover

Turnover represents amounts receivable for the production, manufacture and sale of beer net of VAT and trade discounts.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

##### Employee benefits

Short term benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Profit and Loss Account in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

##### Taxation

Current tax
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.
Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

##### Tangible fixed assets

Tangible fixed assets are stated at cost, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Leasehold improvements | 10 years straight line
Plant and machinery | 5 years straight line
Vehicles | 25 % reducing balance
Fixtures and fittings | 5 years straight line
Office equipment | 5 years straight line
Computer equipment | 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.
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.

##### Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Profit and Loss Account over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.
Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

##### Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account. There have been no impairments noted this year.

##### Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises of direct materials.
At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

##### Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities
Basic financial liabilities, including creditors and bank loans that are classified as debt, are initially recognised at transaction price 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.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

##### Government grants

Government grants are recognised based on the performance model and are measured at the fair value of the asset received or receivable when there is reasonable assurance that the company will comply with conditions attaching to them and the grants will be received.
A grant that specifies performance conditions is recognised in income only when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the grant proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including unpaid directors | 14 |  | 12

#### 3. Tangible assets

| Leasehold improve- ments |  | Plant and machinery |  | Vehicles |  | Fixtures and fittings |  | Office equipment |  | Computer equipment |  | Total
| £ |  | £ |  | £ |  | £ |  | £ |  | £ |  | £
Cost |  |  |  |  |  |  |  |  |  |  |  |  |
At 01 July 2024 | 384,007 |  | 801,845 |  | 38,775 |  | 9,974 |  | 1,474 |  | 4,029 |  | 1,240,104
Additions | 0 |  | 29,525 |  | 0 |  | 0 |  | 0 |  | 6,454 |  | 35,979
Disposals | 0 |  | 0 |  | 0 |  | 0 |  | 0 |  | ( 874) |  | ( 874)
At 30 June 2025 | 384,007 |  | 831,370 |  | 38,775 |  | 9,974 |  | 1,474 |  | 9,609 |  | 1,275,209
Accumulated depreciation |  |  |  |  |  |  |  |  |  |  |  |  |
At 01 July 2024 | 135,271 |  | 409,623 |  | 19,871 |  | 4,373 |  | 934 |  | 819 |  | 570,891
Charge for the financial year | 38,401 |  | 164,004 |  | 4,726 |  | 1,995 |  | 295 |  | 1,631 |  | 211,052
At 30 June 2025 | 173,672 |  | 573,627 |  | 24,597 |  | 6,368 |  | 1,229 |  | 2,450 |  | 781,943
Net book value |  |  |  |  |  |  |  |  |  |  |  |  |
At 30 June 2025 | 210,335 |  | 257,743 |  | 14,178 |  | 3,606 |  | 245 |  | 7,159 |  | 493,266
At 30 June 2024 | 248,736 |  | 392,222 |  | 18,904 |  | 5,601 |  | 540 |  | 3,210 |  | 669,213

#### 4. Debtors

| 2025 |  | 2024
| £ |  | £
Trade debtors | 67,899 |  | 82,085
Other debtors | 66,712 |  | 70,984
| 134,611 |  | 153,069

#### 5. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Bank overdrafts | 925 |  | 0
Trade creditors | 78,199 |  | 91,079
Other taxation and social security | 41,682 |  | 14,200
Obligations under finance leases and hire purchase contracts | 161,792 |  | 115,656
Other creditors | 95,716 |  | 62,462
| 378,314 |  | 283,397

Hire purchase obligations of £153,371 (2024 - £115,656) are secured over the assets to which they relate

#### 6. Creditors: amounts falling due after more than one year

| 2025 |  | 2024
| £ |  | £
Obligations under finance leases and hire purchase contracts | 90,996 |  | 211,205
Other creditors | 1,775,637 |  | 1,511,469
| 1,866,633 |  | 1,722,674

Hire purchase obligations of £90,996 (2024 - £211,205) are secured over the assets to which they relate.

#### 7. Called-up share capital

| 2025 |  | 2024
| £ |  | £
Allotted, called-up and fully-paid |  |  |
60 Ordinary A shares of £ 1.00 each | 60 |  | 60
75 Ordinary B shares of £ 1.00 each | 75 |  | 75
| 135 |  | 135

#### 8. Financial commitments

Commitments

| 2025 |  | 2024
| £ |  | £
Total future minimum lease payments under non-cancellable operating leases | 79,216 |  | 147,115

#### 9. Related party transactions

Transactions with the entity's directors

| 2025 |  | 2024
| £ |  | £
Funds owed to key management personnel | 1,775,637 |  | 1,466,029

Loans provided by the Company's directors are provided in accordance with a pre-existing loan agreement.