Registered number
04383039
Darenth Big Lake Ltd
Filleted Accounts
31 March 2022
Darenth Big Lake Ltd
Registered number: 04383039
Balance Sheet
as at 31 March 2022
Notes 2022 2021
£ £
Fixed assets
Tangible assets 3 1,123 21,023
Current assets
Debtors 4 10,777 14,100
Cash at bank and in hand 17,102 431
27,879 14,531
Creditors: amounts falling due within one year 5 (27,411) (25,428)
Net current assets/(liabilities) 468 (10,897)
Total assets less current liabilities 1,591 10,126
Creditors: amounts falling due after more than one year 6 - (9,870)
Net assets 1,591 256
Capital and reserves
Called up share capital 2 2
Profit and loss account 1,589 254
Shareholder's funds 1,591 256
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
W. Farrance
Director
Approved by the board on 12 August 2022
Darenth Big Lake Ltd
Notes to the Accounts
for the year ended 31 March 2022
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts . Turnover includes revenue earned from providng enjoyment of a commercial fishery. Turmover is recognised when the service is provided.
Turnover is measured at the fair value of the consideration received or receivable, net of discounts . Turnover includes revenue earned from providng enjoyment of a commercial fishery. Turmover is recognised when the service is provided.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Improvements to premises over 10 years
Plant and machinery over 5 years
Motor vehicles over 4 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
2 Employees 2022 2021
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Improvements to premises Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 April 2021 6,525 21,903 50,117 78,545
Disposals - - (22,700) (22,700)
At 31 March 2022 6,525 21,903 27,417 55,845
Depreciation
At 1 April 2021 5,729 20,120 31,673 57,522
Charge for the year 653 803 3,783 5,239
On disposals - - (8,039) (8,039)
At 31 March 2022 6,382 20,923 27,417 54,722
Net book value
At 31 March 2022 143 980 - 1,123
At 31 March 2021 796 1,783 18,444 21,023
4 Debtors 2022 2021
£ £
Other debtors 10,777 14,100
5 Creditors: amounts falling due within one year 2022 2021
£ £
Obligations under finance lease and hire purchase contracts - 4,306
Corporation tax 11,197 3,326
Other creditors 16,214 17,796
27,411 25,428
6 Creditors: amounts falling due after one year 2022 2021
£ £
Obligations under finance lease and hire purchase contracts - 9,870
7 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
Warren Farrance 13,389 44,821 (47,982) 10,228
13,389 44,821 (47,982) 10,228
8 Other information
Darenth Big Lake Ltd is a private company limited by shares and incorporated in England. Its registered office is:
16 Emersons Avenue
Hextable
Swanley
Kent
BR8 7WS
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