REGISTERED NUMBER: 03026958 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025

FOR

BISPHAM GREEN BREWERY COMPANY LIMITED

Page

Company Information

1

Abridged Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

M J Ainscough

H M Ainscough

REGISTERED OFFICE:

Woodlands

Parbold

Wigan

Lancashire

WN8 7AN

REGISTERED NUMBER:

03026958 (England and Wales)

ACCOUNTANTS:

Fairhurst Accountants Ltd

Chartered Accountants

Douglas Bank House

Wigan Lane

Wigan

Lancashire

WN1 2TB

BANKERS:

Santander UK Plc

2 Triton Square

Regent's Place

London

NW1 3AN

SOLICITORS:

MSB Law LLP

13th Floor

Silkhouse Court

Tithebarn Street

Liverpool

L2 2LZ

FIXED ASSETS

Tangible assets

4

3,132,525

3,173,032

CURRENT ASSETS

Stocks

70,592

68,025

Debtors

32,075

20,319

Cash at bank and in hand

10,582

19,573

113,249

107,917

CREDITORS

Amounts falling due within one year

435,653

285,894

NET CURRENT LIABILITIES

(322,404

)

(177,977

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,810,121

2,995,055

CREDITORS

Amounts falling due after more than one year

1,192,003

1,170,854

NET ASSETS

1,618,118

1,824,201

CAPITAL AND RESERVES

Called up share capital

1,400,000

1,400,000

Revaluation reserve

2,293,416

2,293,416

Retained earnings

(2,075,298

)

(1,869,215

)

SHAREHOLDERS' FUNDS

1,618,118

1,824,201

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 28 February 2025 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 November 2025 and were signed on its behalf by:

M J Ainscough - Director

1.	STATUTORY INFORMATION

Bispham Green Brewery Company Limited is a private company, limited by shares, registered in England & Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover represents income receivable from the Company's principal activities of operating public houses, restaurants and cafés and a hotel and leisure club and is net of value added tax.

Sales of goods and services provided in the public houses, restaurants and cafés are recognised at the point of sale.

Memberships at the leisure club are recognised over the period of the membership on a monthly basis.

Hotel income is recognised at the end of each period of residence on a room by room basis.

Deposits for events held at the hotel are recognised as income only when the event has been undertaken.

Rental income

Rental income from operating leases is recognised on a straight-line basis over the term of the relevant lease unless the lease payments are structured to increase in line with expected general inflation in which case the income is recognised as revenue in accordance with the expected payments. Rental income is included in other income.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation less depreciation and any impairment losses.

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over it's estimated useful life:

Freehold property

-

1% on cost or valuation

Investment property

-

not provided

Long leasehold property

-

over the remaining term of the lease

Improvements to property

-

5% on cost

Fixtures and fittings

-

15% on cost

Impairment of assets

At each reporting date 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 the recoverable amount is lower, the carrying amount of the asset is reduced to its recoverable amount and an impairment loss is recognised immediately in the profit or loss.

If an impairment loss is subsequently reversed, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, but not to exceed the amount that would have been determined had no impairment loss been recognised for the asset in prior periods. A reversal of an impairment loss is recognised immediately in the profit or loss.

Stocks

Stocks are measured at the lower of cost and selling price less cost to complete and sell. Cost is measured at the most recent purchase price and other costs incurred in bringing the stocks to their present location and condition.

Financial instruments

Trade and other debtors and trade creditors are measured at the transaction price. Other financial assets and liabilities, including related party loans shall be measured at amortised cost using the effective interest rate. Financial assets and liabilities that have no stated interest rate and are payable within one year shall be measured at the undiscounted amount due. Amounts due to and from related undertakings, including directors, are repayable on demand and are measured at the undiscounted amount due.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Taxation

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Leases

Leases are classified as finance leases when they transfer substantially all the risks and rewards of ownership of the leased assets to the company. All other leases are classified as operating leases.

Rentals payable under operating leases are charged to the profit or loss on a straight-line basis over the lease term. The aggregate benefit of lease incentives are recognised as a reduction to the expense recognised over the lease term on a straight-line basis.

Employee benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Short term employee benefits are recognised as an expense in the period in which they are incurred.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 42 (2024 - 35 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST OR VALUATION

At 1 March 2024

4,752,011

Additions

19,585

At 28 February 2025

4,771,596

DEPRECIATION

At 1 March 2024

1,578,979

Charge for year

60,092

At 28 February 2025

1,639,071

NET BOOK VALUE

At 28 February 2025

3,132,525

At 29 February 2024

3,173,032

Cost or valuation at 28 February 2025 is represented by:

Totals

£

Valuation in 2011

2,477,070

Valuation in 2020

(183,652

)

Cost

2,478,178

4,771,596

In the opinion of the directors, the fair value of the company's properties above at 28 February 2025 is not materially different from the net book value as stated in these financial statements.

5.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

-

105,691

6.	RELATED PARTY DISCLOSURES

7.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is M J Ainscough.