Hogs Back Brewery Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 03083006

Hogs Back Brewery Limited

Filleted Unaudited Financial Statements

31 March 2026

Hogs Back Brewery Limited

Directors' Report

Year ended 31 March 2026

The directors present their report and the unaudited financial statements of the company for the year ended 31 March 2026 .

Directors

The directors who served the company during the year were as follows:

Mr R Thompson
Mr M Chesterman
Mr R Q Williams
Ms M S Mack
Ms J Adams

Business review

Business Review

The financial year ended 31 March 2026 was another challenging period for the brewing and hospitality sector. Consumer spending remained under pressure due to continued cost of living challenges, while operating costs and further increases in taxation continued to impact profitability. Despite these headwinds, the company delivered an improved performance and continued to strengthen its market position.

Turnover increased by over 30% and this helped to significantly improve our profit before tax and allowed us to continue investing in the site.

The business also acquired a minority stake in Exmoor Brewery, which is expected to support future growth and create opportunities for operational collaboration and increased sales volumes.

The directors remain focused on maintaining adequate financing facilities and liquidity to support future growth plans.

The Board believes the company's range of related revenue streams, including brewing, trade sales, retail operations, events, online sales and rental income continue to provide resilience in a difficult trading environment. Early trading in the current financial year has been encouraging, with growth in turnover and improvements in performance across several trading channels.

Employees

The company recognises that its employees are fundamental to its success. The directors would like to thank all employees for their commitment, resilience and positive contribution during another demanding year.

Future developments

Whilst market conditions remain uncertain and cost pressures continue to affect the brewing and hospitality sectors, the directors remain optimistic regarding the company's prospects. The strategic investment in Exmoor Brewery, continued investment in the brewery and retail operations, and ongoing initiatives to drive sales growth and operational efficiency are expected to support improved profitability and cash generation in the years ahead. After the financial year end the business entered into a long term brewing and trading agreement with the Brakspear Pub Company which will further strengthen future earnings.

The directors will continue to focus on strengthening the company's financial position, developing its brands and customer relationships, and pursuing opportunities that deliver long-term sustainable growth.

Small company provisions

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

This report was approved by the board of directors on 16 October 2026 and signed on behalf of the board by:

Mr R Thompson

Director

Registered office:

Manor Farm

The Street

Tongham

Surrey

GU10 1DE

Hogs Back Brewery Limited

Statement of Financial Position

31 March 2026

	2026		2025
Note	£	£	£

Fixed assets

Tangible assets	5	3,751,716	3,825,159
Investments	6	80,000	–
		-------------	-------------
		3,831,716	3,825,159

Current assets

Stocks		465,815	474,142
Debtors	7	669,730	385,513
Cash at bank and in hand		197,909	100,637
		-------------	----------
		1,333,454	960,292

Creditors: amounts falling due within one year	8	( 2,093,970)		( 1,737,722)
		-------------		-------------
Net current liabilities			( 760,516)	( 777,430)
			-------------	-------------
Total assets less current liabilities			3,071,200	3,047,729

Creditors: amounts falling due after more than one year	9		( 2,209,388)	( 2,292,700)

Provisions

Taxation including deferred tax	( 49,075)	( 72,350)
	-------------	-------------
Net assets	812,737	682,679
	-------------	-------------

Capital and reserves

Called up share capital	10,000	10,000
Profit and loss account	802,737	672,679
	----------	----------
Shareholders funds	812,737	682,679
	----------	----------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

Hogs Back Brewery Limited

Statement of Financial Position (continued)

31 March 2026

For the year ending 31 March 2026 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 year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 16 October 2026 , and are signed on behalf of the board by:

Mr R Thompson

Director

Company registration number: 03083006

Hogs Back Brewery Limited

Notes to the Financial Statements

Year ended 31 March 2026

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Manor Farm, The Street, Tongham, Surrey, GU10 1DE.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 that are expected to apply to the reversal of the timing difference.

Intangible assets

Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Freehold Property	-	2% straight line
Leasehold Property	-	over life of lease
Plant and Machinery	-	5-20% straight line
Motor Vehicles	-	20% straight line
Website	-	20% straight line

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Investments in associates

Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in associates accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.

Investments in joint ventures

Investments in jointly controlled entities accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in jointly controlled entities accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the joint venture arising before or after the date of acquisition.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Finance leases and hire purchase contracts

Assets held under finance leases are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 65 (2025: 40 ).

5. Tangible assets

	Land and buildings	Plant and machinery	Motor vehicles	Website	Total
	£	£	£	£	£
Cost
At 1 April 2025	3,284,896	1,691,128	267,558	45,950	5,289,532
Additions	54,362	63,463	–	–	117,825
Disposals	( 212)	–	–	–	( 212)
	-------------	-------------	----------	--------	-------------
At 31 March 2026	3,339,046	1,754,591	267,558	45,950	5,407,145
	-------------	-------------	----------	--------	-------------
Depreciation
At 1 April 2025	145,805	1,122,097	156,612	39,859	1,464,373
Charge for the year	73,510	101,961	11,376	4,210	191,057
Disposals	( 1)	–	–	–	( 1)
	-------------	-------------	----------	--------	-------------
At 31 March 2026	219,314	1,224,058	167,988	44,069	1,655,429
	-------------	-------------	----------	--------	-------------
Carrying amount
At 31 March 2026	3,119,732	530,533	99,570	1,881	3,751,716
	-------------	-------------	----------	--------	-------------
At 31 March 2025	3,139,091	569,031	110,946	6,091	3,825,159
	-------------	-------------	----------	--------	-------------

6. Investments

	Other investments other than loans
	£
Cost
At 1 April 2025	–
Additions	80,000
	--------
At 31 March 2026	80,000
	--------
Impairment
At 1 April 2025 and 31 March 2026	–
	--------

Carrying amount
At 31 March 2026	80,000
	--------
At 31 March 2025	–
	--------

7. Debtors

	2026	2025
	£	£
Trade debtors	607,908	349,597
Other debtors	61,822	35,916
	----------	----------
	669,730	385,513
	----------	----------

8. Creditors: amounts falling due within one year

	2026	2025
	£	£
Bank loans and overdrafts	266,365	207,309
Trade creditors	475,271	370,156
Corporation tax	92,234	1,136
Social security and other taxes	324,649	220,709
Other creditors	935,451	938,412
	-------------	-------------
	2,093,970	1,737,722
	-------------	-------------

£43,037 (2025 - £43,037) of the bank loans and overdrafts are secured by a debenture over the freehold owned by the company and by a postponement of directors loans.

On 16 April 2015 RBS Invoice Finance Ltd issued a fixed and floating charge over the assets of the company. On 11 October 2018 NatWest Bank plc issued a fixed and floating charge over the assets of the company.

9. Creditors: amounts falling due after more than one year

	2026	2025
	£	£
Bank loans and overdrafts	1,287,457	1,340,038
Other creditors	921,931	952,662
	-------------	-------------
	2,209,388	2,292,700
	-------------	-------------

£1,287,457 (2025 - £1,336,517) of the bank loans are secured by a debenture over the freehold owned by the company and by a postponement of directors loans.

10. Related party transactions

The company is under the ultimate control of Mr R Thompson , the managing director and majority shareholder. At 31 March 2026, the director R Thompson has lent the company of £995,686 (2025: £1,129,800). Interest at 4% is accrued on the balance. In accordance with the conditions of the loan agreement for the purchase of the freehold site, the director has agreed to postpone repayment of the loan.