Company No: 10032152 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	31.01.2026		28.02.2025
		£		£
Fixed assets
Tangible assets	3	3,467		7,335
		3,467		7,335
Current assets
Stocks	4	16,802		17,021
Debtors	5	7,529		6,403
Cash at bank and in hand		93		95
		24,424		23,519
Creditors: amounts falling due within one year	6	( 77,558)		( 76,011)
Net current liabilities		(53,134)		(52,492)
Total assets less current liabilities		(49,667)		(45,157)
Creditors: amounts falling due after more than one year	7	0		( 1,171)
Net liabilities		( 49,667)		( 46,328)
Capital and reserves
Called-up share capital	8	2		2
Profit and loss account		( 49,669 )		( 46,330 )
Total shareholders' deficit		( 49,667)		( 46,328)

For the financial period ending 31 January 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 financial period 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements of Treen's Brewery Ltd (registered number: 10032152) were approved and authorised for issue by the Board of Directors on 29 October 2026. They were signed on its behalf by:

Mr S J Treen Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Treen's Brewery 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 Lowin House, Tregolls Road, Truro, TR1 2NA, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, 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 directors note that the business has net liabilities of £49,667. The Company is supported through loans from the directors. 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.

Reporting period length

The reporting period was shortened from 28 February 2026 to 31 January 2026 to align the accounting period with the company's quarterly reporting requirements.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.

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.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, 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	20 % reducing balance
Vehicles	25 % reducing balance
Office equipment	25 % reducing balance

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.

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 Statement of Income and Retained Earnings as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

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.

2. Employees

	Period from 01.03.2025 to 31.01.2026		Year ended 28.02.2025
	Number		Number
Monthly average number of persons employed by the Company during the period, including directors	3		3

3. Tangible assets

	Leasehold improve- ments		Plant and machinery		Vehicles		Office equipment		Total
	£		£		£		£		£
Cost
At 01 March 2025	5,933		98,407		8,034		450		112,824
Additions	0		1,670		0		0		1,670
At 31 January 2026	5,933		100,077		8,034		450		114,494
Accumulated depreciation
At 01 March 2025	5,095		92,021		8,034		339		105,489
Charge for the financial period	585		4,842		0		111		5,538
At 31 January 2026	5,680		96,863		8,034		450		111,027
Net book value
At 31 January 2026	253		3,214		0		0		3,467
At 28 February 2025	838		6,386		0		111		7,335

4. Stocks

	31.01.2026		28.02.2025
	£		£
Stocks	16,802		17,021

5. Debtors

	31.01.2026		28.02.2025
	£		£
Trade debtors	7,307		6,066
Other debtors	222		337
	7,529		6,403

6. Creditors: amounts falling due within one year

	31.01.2026		28.02.2025
	£		£
Bank loans and overdrafts	14,197		11,748
Amounts owed to directors	49,628		55,522
Other loans	0		2,100
Accruals	10,031		2,419
Taxation and social security	3,702		4,222
	77,558		76,011

There are no amounts included above in respect of which any security has been given by the small entity.

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

	31.01.2026		28.02.2025
	£		£
Bank loans	0		1,171

8. Called-up share capital

	31.01.2026		28.02.2025
	£		£
Allotted, called-up and fully-paid
2 Ordinary shares of £ 1.00 each	2		2

9. Financial commitments

Commitments

	31.01.2026		28.02.2025
	£		£
Total future minimum lease payments under non-cancellable operating leases	20,523		18,587

The total amount of financial commitments not included in the balance sheet is £20,523 (2025 - £18,587).

10. Events after the Balance Sheet date

As at 1 March 2026, a further 98 ordinary shares of £1 each were allotted, increasing the issued share capital by £98. Following the allotment, the Company will have 100 ordinary shares of £1 each in issue. This event occurred after the balance sheet date and has not been reflected in the balances as at 31 January 2026.