Silverfin false 31/03/2023 01/04/2022 31/03/2023 Mr N Hutchings 12/11/2019 Mrs A Hutchings 12/11/2019 07 October 2023 The principal acitivity of the company is that of marine fishing. 12310657 2023-03-31 12310657 bus:Director1 2023-03-31 12310657 bus:Director2 2023-03-31 12310657 2022-03-31 12310657 core:CurrentFinancialInstruments 2023-03-31 12310657 core:CurrentFinancialInstruments 2022-03-31 12310657 core:Non-currentFinancialInstruments 2023-03-31 12310657 core:Non-currentFinancialInstruments 2022-03-31 12310657 core:ShareCapital 2023-03-31 12310657 core:ShareCapital 2022-03-31 12310657 core:RetainedEarningsAccumulatedLosses 2023-03-31 12310657 core:RetainedEarningsAccumulatedLosses 2022-03-31 12310657 core:PlantMachinery 2022-03-31 12310657 core:Vehicles 2022-03-31 12310657 core:ToolsEquipment 2022-03-31 12310657 core:PlantMachinery 2023-03-31 12310657 core:Vehicles 2023-03-31 12310657 core:ToolsEquipment 2023-03-31 12310657 bus:OrdinaryShareClass1 2023-03-31 12310657 2022-04-01 2023-03-31 12310657 bus:FullAccounts 2022-04-01 2023-03-31 12310657 bus:SmallEntities 2022-04-01 2023-03-31 12310657 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 12310657 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 12310657 bus:Director1 2022-04-01 2023-03-31 12310657 bus:Director2 2022-04-01 2023-03-31 12310657 core:PlantMachinery core:TopRangeValue 2022-04-01 2023-03-31 12310657 core:Vehicles core:TopRangeValue 2022-04-01 2023-03-31 12310657 core:ToolsEquipment core:TopRangeValue 2022-04-01 2023-03-31 12310657 2021-04-01 2022-03-31 12310657 core:PlantMachinery 2022-04-01 2023-03-31 12310657 core:Vehicles 2022-04-01 2023-03-31 12310657 core:ToolsEquipment 2022-04-01 2023-03-31 12310657 core:Non-currentFinancialInstruments 2022-04-01 2023-03-31 12310657 bus:OrdinaryShareClass1 2022-04-01 2023-03-31 12310657 bus:OrdinaryShareClass1 2021-04-01 2022-03-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 12310657 (England and Wales)

BRITANNIA OF BEESANDS LTD

Unaudited Financial Statements
For the financial year ended 31 March 2023
Pages for filing with the registrar

BRITANNIA OF BEESANDS LTD

Unaudited Financial Statements

For the financial year ended 31 March 2023

Contents

BRITANNIA OF BEESANDS LTD

COMPANY INFORMATION

For the financial year ended 31 March 2023
BRITANNIA OF BEESANDS LTD

COMPANY INFORMATION (continued)

For the financial year ended 31 March 2023
DIRECTORS Mr N Hutchings
Mrs A Hutchings
REGISTERED OFFICE Sigma House Oak View Close
Edginswell Park
Torquay
TQ2 7FF
United Kingdom
COMPANY NUMBER 12310657 (England and Wales)
ACCOUNTANT Francis Clark LLP
Sigma House
Oak View Close
Edginswell Park
Torquay
Devon, TQ2 7FF
United Kingdom
BRITANNIA OF BEESANDS LTD

BALANCE SHEET

As at 31 March 2023
BRITANNIA OF BEESANDS LTD

BALANCE SHEET (continued)

As at 31 March 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 3 15,291 360,704
15,291 360,704
Current assets
Debtors 4 2,123 7,511
Cash at bank and in hand 17,262 4,951
19,385 12,462
Creditors: amounts falling due within one year 5 ( 142,134) ( 381,020)
Net current liabilities (122,749) (368,558)
Total assets less current liabilities (107,458) (7,854)
Creditors: amounts falling due after more than one year 6 ( 18,105) ( 26,050)
Provision for liabilities 0 ( 6,603)
Net liabilities ( 125,563) ( 40,507)
Capital and reserves
Called-up share capital 7 100 100
Profit and loss account ( 125,663 ) ( 40,607 )
Total shareholders' deficit ( 125,563) ( 40,507)

For the financial year ending 31 March 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Britannia of Beesands Ltd (registered number: 12310657) were approved and authorised for issue by the Board of Directors on 07 October 2023. They were signed on its behalf by:

Mr N Hutchings
Director
Mrs A Hutchings
Director
BRITANNIA OF BEESANDS LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2023
BRITANNIA OF BEESANDS LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Britannia of Beesands Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales.
The address of the Company's registered office is:
Sigma House
Oak View Close
Edginswell Park
Torquay
Devon
TQ2 7FF
United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

At 31 March 2023 the company accounts show a deficit of liabilities over assets of £125,563, and the company remains dependant upon the support of its directors to meet its day to day liabilities. The directors have confirmed their support will continue for the foreseeable future and therefore the accounts have been prepared on a going concern basis.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and 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 and after eliminating sales within the company.

The company recognises revenue when:
The amount of revenue can be reliably measured:
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Taxation

Current tax
Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax
Deferred tax is recognised on all timing differences at the balance sheet date unless indicated below. Timing differences are differences between taxable profits and the results as stated in the profit and loss account and other comprehensive income. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profits.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line, reducing balance] basis over its expected useful life, as follows:

Plant and machinery 25 years straight line
Vehicles 4 years straight line
Tools and equipment 5 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Tangible assets

Plant and machinery Vehicles Tools and equipment Total
£ £ £ £
Cost
At 01 April 2022 351,000 14,100 66,068 431,168
Disposals ( 340,000) 0 ( 64,660) ( 404,660)
At 31 March 2023 11,000 14,100 1,408 26,508
Accumulated depreciation
At 01 April 2022 32,759 7,050 30,655 70,464
Charge for the financial year 440 1,763 281 2,484
Disposals ( 31,733) 0 ( 29,998) ( 61,731)
At 31 March 2023 1,466 8,813 938 11,217
Net book value
At 31 March 2023 9,534 5,287 470 15,291
At 31 March 2022 318,241 7,050 35,413 360,704

4. Debtors

2023 2022
£ £
Trade debtors 2,030 7,422
Prepayments 93 89
2,123 7,511

5. Creditors: amounts falling due within one year

2023 2022
£ £
Bank loans 7,950 7,950
Trade creditors 1,851 96
Amounts owed to directors 74,493 363,381
Accruals 1,890 1,840
Taxation and social security 55,930 2,729
Other creditors 20 5,024
142,134 381,020

6. Creditors: amounts falling due after more than one year

2023 2022
£ £
Bank loans 18,105 26,050

There are no amounts included above in respect of which any security has been given by the small entity.

7. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100 100

8. Loans and borrowings

Current loans and borrowings

2023 2022
£ £
Bank borrowings (7,950) (7,950)

Loans and borrowings due after one year

2023 2022
£ £
Bank Loans >1yr (18,105) (26,050)