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REGISTERED NUMBER: 08103483 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2022

FOR

TREWARTHA FISHING LTD

TREWARTHA FISHING LTD (REGISTERED NUMBER: 08103483)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TREWARTHA FISHING LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2022







DIRECTOR: J A Nicholas





REGISTERED OFFICE: 46 Polpennick Drive
Padstow
Cornwall
PL28 8FL





REGISTERED NUMBER: 08103483 (England and Wales)





ACCOUNTANTS: Whitakers
Chartered Accountants
Bryndon House
5/7 Berry Road
Newquay
Cornwall
TR7 1AD

TREWARTHA FISHING LTD (REGISTERED NUMBER: 08103483)

BALANCE SHEET
30 JUNE 2022

30.6.22 30.6.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 119,886 99,556

CURRENT ASSETS
Debtors 5 4,784 8,348
Cash at bank 26,085 13,839
30,869 22,187
CREDITORS
Amounts falling due within one year 6 75,049 73,215
NET CURRENT LIABILITIES (44,180 ) (51,028 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

75,706

48,528

CREDITORS
Amounts falling due after more than one
year

7

(25,712

)

(35,993

)

PROVISIONS FOR LIABILITIES (22,778 ) (9,423 )
NET ASSETS 27,216 3,112

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 27,215 3,111
SHAREHOLDERS' FUNDS 27,216 3,112

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2022 in accordance with Section 476 of the Companies Act 2006.

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.

TREWARTHA FISHING LTD (REGISTERED NUMBER: 08103483)

BALANCE SHEET - continued
30 JUNE 2022


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

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

The financial statements were approved by the director and authorised for issue on 15 August 2022 and were signed by:





J A Nicholas - Director


TREWARTHA FISHING LTD (REGISTERED NUMBER: 08103483)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2022

1. STATUTORY INFORMATION

Trewartha Fishing Ltd is a private company, limited by shares , registered in England and 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Boats - 5% on cost

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 or deferred taxation assets and liabilities are not discounted.

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2021 - 1 ) .

TREWARTHA FISHING LTD (REGISTERED NUMBER: 08103483)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2022

4. TANGIBLE FIXED ASSETS
Plant and
machinery Boats Totals
£    £    £   
COST
At 1 July 2021 83,447 66,529 149,976
Additions 10,416 80,500 90,916
Disposals (7,500 ) (66,529 ) (74,029 )
At 30 June 2022 86,363 80,500 166,863
DEPRECIATION
At 1 July 2021 32,229 18,191 50,420
Charge for year 12,100 4,025 16,125
Eliminated on disposal (1,377 ) (18,191 ) (19,568 )
At 30 June 2022 42,952 4,025 46,977
NET BOOK VALUE
At 30 June 2022 43,411 76,475 119,886
At 30 June 2021 51,218 48,338 99,556

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1 July 2021
and 30 June 2022 20,995
DEPRECIATION
At 1 July 2021
and 30 June 2022 3,753
NET BOOK VALUE
At 30 June 2022 17,242
At 30 June 2021 17,242

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.22 30.6.21
£    £   
Trade debtors 1,764 4,294
Other debtors 2,519 3,688
Prepayments and accrued income 501 366
4,784 8,348

TREWARTHA FISHING LTD (REGISTERED NUMBER: 08103483)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2022

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.22 30.6.21
£    £   
Bank loans and overdrafts 5,062 4,336
Hire purchase contracts 4,423 4,423
Tax 2,959 -
Directors' current accounts 61,869 63,717
Accrued expenses 736 739
75,049 73,215

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.22 30.6.21
£    £   
Bank loans - 1-2 years 5,190 25,000
Bank loans - 2-5 years 13,087 -
Hire purchase contracts 7,435 10,993
25,712 35,993

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is J A Nicholas.

During the period the company was controlled by Mr Jason Nicholas, by virtue of the fact that he held the only share in the company.