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FINANCIAL STATEMENTS |
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FOR THE PERIOD 1 MARCH 2018 TO 31 DECEMBER 2018 |
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THE REAL BREWING COMPANY LIMITED |
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REGISTERED NUMBER:
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FINANCIAL STATEMENTS |
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FOR THE PERIOD 1 MARCH 2018 TO 31 DECEMBER 2018 |
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FOR |
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THE REAL BREWING COMPANY LIMITED |
THE REAL BREWING COMPANY LIMITED (REGISTERED NUMBER: 10615308) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 1 MARCH 2018 TO 31 DECEMBER 2018 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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THE REAL BREWING COMPANY LIMITED |
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COMPANY INFORMATION |
FOR THE PERIOD 1 MARCH 2018 TO 31 DECEMBER 2018 |
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DIRECTOR: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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39 The Metro Centre |
Tolpits Lane |
WATFORD |
Hertfordshire |
WD18 9SB |
THE REAL BREWING COMPANY LIMITED (REGISTERED NUMBER: 10615308) |
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BALANCE SHEET |
31 DECEMBER 2018 |
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2018 | 2018 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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CURRENT ASSETS |
Stocks |
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Debtors | 5 |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one
year |
6 |
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NET CURRENT ASSETS/(LIABILITIES) |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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PROVISIONS FOR LIABILITIES |
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NET ASSETS/(LIABILITIES) |
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CAPITAL AND RESERVES |
Called up share capital |
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Share premium | 8 |
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Retained earnings | 8 | ( |
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SHAREHOLDERS' FUNDS |
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The director acknowledges his 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 REAL BREWING COMPANY LIMITED (REGISTERED NUMBER: 10615308) |
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BALANCE SHEET - continued |
31 DECEMBER 2018 |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the director on
signed by: |
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THE REAL BREWING COMPANY LIMITED (REGISTERED NUMBER: 10615308) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 1 MARCH 2018 TO 31 DECEMBER 2018 |
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1. | STATUTORY INFORMATION |
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The Real Brewing Company Limited is a
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in England and Wales. The company's registered number and registered office address |
can be found on the Company Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
These financial statements have been prepared in accordance with the provisions of |
Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting |
Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The |
financial statements have been prepared under the historical cost convention. |
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The financial statements have been prepared on the going concern basis on the |
assumption that the company will continue to trade for the foreseeable future, despite it |
having net current liabilities of £75,459 at 28 February 2018. |
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The director considers the going concern basis to be appropriate as, in his opinion, the |
company will be able to secure sufficient funding to enable it to pay its debts as they fall |
due. |
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Turnover |
Turnover represents net invoiced sales of non-alcoholic beverages, excluding value |
added tax and adjusted for accrued revenue calculated by reference to the fair value of |
services performed up to the balance sheet date but not invoiced. |
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Tangible fixed assets |
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Short leasehold | - |
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Plant and machinery | - |
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Fixtures and fittings | - |
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Motor vehicles | - |
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Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due |
allowance for obsolete and slow moving items. |
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Taxation |
Taxation for the period 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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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 balance sheet date. |
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THE REAL BREWING COMPANY LIMITED (REGISTERED NUMBER: 10615308) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 1 MARCH 2018 TO 31 DECEMBER 2018 |
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2. | ACCOUNTING POLICIES - continued |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but |
not reversed at the balance sheet date. |
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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 period end and that are expected to apply to the reversal of |
the timing difference. |
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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. |
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Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to profit or loss on a straight line basis |
over the period of the lease. |
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Pension costs and other post-retirement 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. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the period was
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4. | TANGIBLE FIXED ASSETS |
Fixtures |
Short | Plant and | and | Motor |
leasehold | machinery | fittings | vehicles | Totals |
£ | £ | £ | £ | £ |
COST |
At 1 March 2018 |
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Additions |
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At 31 December 2018 |
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DEPRECIATION |
At 1 March 2018 |
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Charge for period |
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At 31 December 2018 |
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NET BOOK VALUE |
At 31 December 2018 |
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At 28 February 2018 |
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THE REAL BREWING COMPANY LIMITED (REGISTERED NUMBER: 10615308) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 1 MARCH 2018 TO 31 DECEMBER 2018 |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2018 |
£ | £ |
Trade debtors |
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Other debtors |
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VAT |
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Prepayments and accrued income |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2018 |
£ | £ |
Trade creditors |
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Social security and other taxes |
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Wages creditor | - | 1,498 |
Pension contributions payable | 530 | - |
Expenses creditor | - | 1,228 |
Director's current account | 127,218 | 109,384 |
Accruals and deferred income |
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7. | LEASING AGREEMENTS |
As at the balance sheet date, the company had commitments under non-cancellable |
operating leases, not provided for in the financial statements, totalling £3,072 (£8,192 at |
28 February 2018) |
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8. | RESERVES |
Retained | Share |
earnings | premium | Totals |
£ | £ | £ |
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At 1 March 2018 | ( |
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(42,221 | ) |
Deficit for the period | ( |
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Bonus share issue |
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At 31 December 2018 | ( |
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487,821 |
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9. | RELATED PARTY DISCLOSURES |
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The director's current account balance of £127,218 (£109,384 at 28 February 2018) has |
no fixed date for repayment, is repayable on demand and is non-interest bearing. |