Oakhill Brewery Management Ltd - Period Ending 2020-12-31
Oakhill Brewery Management Ltd - Period Ending 2020-12-31
Period from 1 July 2019 to
Registration number:
Oakhill Brewery Management Ltd
Contents
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Company Information |
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Balance Sheet |
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Notes to the Financial Statements |
Oakhill Brewery Management Ltd
Company Information
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Directors |
D R Newton K R Newton |
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Registered office |
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Auditors |
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Oakhill Brewery Management Ltd
Balance Sheet
31 December 2020
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Note |
2020 |
2019 |
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Fixed assets |
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Tangible assets |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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Net current liabilities |
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Net liabilities |
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Capital and reserves |
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Profit and loss account |
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Shareholders' deficit |
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These financial statements have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and the option not to file the Profit and Loss Account has been taken.
Approved and authorised by the
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Company Registration Number: 09022585
Oakhill Brewery Management Ltd
Notes to the Financial Statements
Period from 1 July 2019 to 31 December 2020
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General information |
The company is a company limited by guarantee, incorporated in England and Wales, and consequently does not have share capital.
The address of its registered office is:
The principal place of business is:
Cygnet House
14B High Street
Wells
Somerset
BA5 2SG
These financial statements were authorised for issue by the
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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 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’, including Section 1A, and the Companies Act 2006. There are no material departures from FRS 102.
Basis of preparation
These financial statements have been prepared using the historical cost convention.
Going concern
Notwithstanding the net liabilities of £2,543 (2019 - £3,532), the directors are satisfied, having made all necessary enquires, that the going concern basis of preparation remains appropriate. It is expected that subsequent to the approval of these financial statements that the freehold interest in the Oakhill Brewery site will be transferred to the copmany from a related company.
Oakhill Brewery Management Ltd
Notes to the Financial Statements
Period from 1 July 2019 to 31 December 2020
Key accounting judgements and sources of estimation uncertainty
In the application of the company’s accounting policies management is required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision effects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.
The key judgement that has a significant effect on the financial statements is in respect of going concern, as described in the above accounting policy.
Revenue recognition
Turnover comprises the fair value of the consideration receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts. Service charges are recognised on a receivable basis. Service charges received in advance are deferred against the period to which they relate.
Government grants
Government revenue grants are accounted for under the accruals method. These are credited to the profit and loss account when the company is entitled to the income.
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:
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Asset class |
Depreciation method and rate |
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Furniture, fittings and equipment |
25% reducing balance |
Oakhill Brewery Management Ltd
Notes to the Financial Statements
Period from 1 July 2019 to 31 December 2020
Financial instruments
Classification
• Short term trade and intercompany debtors and creditors;
• Cash and bank balances;
• Bank loans.
All financial instruments are classified as basic.
Recognition and measurement
Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.
Except for bank loans, such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.
Bank loans are initially measured at transaction price, including transaction costs, and are subsequently carried at amortised cost using the effective interest method.
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Staff numbers |
The average number of persons employed by the company (including directors) during the period, was
Oakhill Brewery Management Ltd
Notes to the Financial Statements
Period from 1 July 2019 to 31 December 2020
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Tangible assets |
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Furniture, fittings and equipment |
Total |
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Cost or valuation |
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At 1 July 2019 |
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At 31 December 2020 |
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Depreciation |
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Charge for the period |
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At 31 December 2020 |
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Carrying amount |
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At 31 December 2020 |
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At 30 June 2019 |
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Oakhill Brewery Management Ltd
Notes to the Financial Statements
Period from 1 July 2019 to 31 December 2020
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Debtors |
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31 December 2020 |
30 June 2019 |
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Trade debtors |
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Amounts due from group undertakings |
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Other debtors |
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- |
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Creditors |
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Note |
2020 |
2019 |
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Due within one year |
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Loans and borrowings |
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- |
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Trade creditors |
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- |
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Accruals and deferred income |
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Loans and borrowings |
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2020 |
2019 |
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Current loans and borrowings |
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Bank borrowings |
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- |
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Relationship between entity and parents |
The parent of the smallest group in which these financial statements are consolidated is
The registered office address of SBAW Group Limited is:
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Audit report |