Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-312022-04-0166falseNo description of principal activitytruetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 06507901 2022-04-01 2023-03-31 06507901 2021-04-01 2022-03-31 06507901 2023-03-31 06507901 2022-03-31 06507901 c:Director2 2022-04-01 2023-03-31 06507901 d:PlantMachinery 2022-04-01 2023-03-31 06507901 d:PlantMachinery 2023-03-31 06507901 d:PlantMachinery 2022-03-31 06507901 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 06507901 d:MotorVehicles 2022-04-01 2023-03-31 06507901 d:FurnitureFittings 2022-04-01 2023-03-31 06507901 d:FurnitureFittings 2023-03-31 06507901 d:FurnitureFittings 2022-03-31 06507901 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 06507901 d:OtherPropertyPlantEquipment 2022-04-01 2023-03-31 06507901 d:OtherPropertyPlantEquipment 2023-03-31 06507901 d:OtherPropertyPlantEquipment 2022-03-31 06507901 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 06507901 d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 06507901 d:CurrentFinancialInstruments 2023-03-31 06507901 d:CurrentFinancialInstruments 2022-03-31 06507901 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 06507901 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 06507901 d:ShareCapital 2023-03-31 06507901 d:ShareCapital 2022-03-31 06507901 d:RetainedEarningsAccumulatedLosses 2023-03-31 06507901 d:RetainedEarningsAccumulatedLosses 2022-03-31 06507901 c:FRS102 2022-04-01 2023-03-31 06507901 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 06507901 c:FullAccounts 2022-04-01 2023-03-31 06507901 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 06507901 d:WithinOneYear 2023-03-31 06507901 d:WithinOneYear 2022-03-31 06507901 d:BetweenOneFiveYears 2023-03-31 06507901 d:BetweenOneFiveYears 2022-03-31 06507901 d:MoreThanFiveYears 2023-03-31 06507901 d:MoreThanFiveYears 2022-03-31 06507901 2 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure

Registered number: 06507901










ALBURY ESTATE FISHERIES (2008) LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2023

 
ALBURY ESTATE FISHERIES (2008) LIMITED
REGISTERED NUMBER: 06507901

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
149,660
158,564

  
149,660
158,564

Current assets
  

Debtors: amounts falling due within one year
 5 
4,517
13,691

Cash at bank and in hand
  
173,282
181,346

  
177,799
195,037

Creditors: amounts falling due within one year
 6 
(458,630)
(448,982)

Net current liabilities
  
 
 
(280,831)
 
 
(253,945)

Total assets less current liabilities
  
(131,171)
(95,381)

  

Net liabilities
  
(131,171)
(95,381)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(131,271)
(95,481)

  
(131,171)
(95,381)


Page 1

 
ALBURY ESTATE FISHERIES (2008) LIMITED
REGISTERED NUMBER: 06507901
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 2 October 2023.




R E F Melhuish
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
ALBURY ESTATE FISHERIES (2008) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

Albury Estate Fisheries (2008) Limited (06507901) is a private company limited by shares and incorporated in England. Its registered office is Estates Office, Alnwick Castle, Alnwick, Northumberland, NE66 1NQ.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

The company has net liabilities of £131,171 (2022: £95,381). The directors have undertaken to provide sufficient funds to enable the company to meet all its liabilities as they fall due.
On this understanding the accounts have been prepared on a going concern basis.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 3

 
ALBURY ESTATE FISHERIES (2008) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery
-
20% straight line
Motor vehicles
-
20% straight line
Fixtures and fittings
-
20% straight line
Other fixed assets
-

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.10

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless
Page 4

 
ALBURY ESTATE FISHERIES (2008) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)


2.10
Financial instruments (continued)

the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

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

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.


3.


Employees

The average monthly number of employees, including directors, during the year was 6 (2022 - 6).

Page 5

 
ALBURY ESTATE FISHERIES (2008) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

4.


Tangible fixed assets





Plant and machinery
Fixtures and fittings
Other fixed assets
Total

£
£
£
£



Cost or valuation


At 1 April 2022
35,054
38,712
138,840
212,606


Additions
1,820
-
-
1,820



At 31 March 2023

36,874
38,712
138,840
214,426



Depreciation


At 1 April 2022
19,054
31,537
3,451
54,042


Charge for the year on owned assets
5,900
2,063
2,761
10,724



At 31 March 2023

24,954
33,600
6,212
64,766



Net book value



At 31 March 2023
11,920
5,112
132,628
149,660



At 31 March 2022
16,000
7,175
135,389
158,564

Page 6

 
ALBURY ESTATE FISHERIES (2008) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

5.


Debtors

2023
2022
£
£


Trade debtors
642
300

Other debtors
3,501
5,728

Prepayments and accrued income
374
7,663

4,517
13,691



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Other loans
60,000
60,000

Trade creditors
5,266
33,387

Amounts owed to other participating interests
310,690
276,693

Other taxation and social security
523
421

Other creditors
19,900
19,900

Accruals and deferred income
62,251
58,581

458,630
448,982



7.


Commitments under operating leases

At 31 March 2023 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2023
2022
£
£


Not later than 1 year
100
100

Later than 1 year and not later than 5 years
400
400

Later than 5 years
1,300
1,400

1,800
1,900

Page 7

 
ALBURY ESTATE FISHERIES (2008) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

8.


Related party transactions

R Melhuish, a director, is a partner of Albury Estate Fisheries.
At the year end a loan of £60,000 (2022: £60,000) was payable to Albury Estate Fisheries. The loan is repayable on demand and is interest free. In addition, the company owed £1,278 (2022: £1,278) to Albury Estates Fisheries at the year end.
Earl Percy is a beneficiary of the Will of the 9th Duke of Northumberland Trust.
Various transactions were paid by the Will of the 9th Duke of Northumberland in the year resulting in a year end creditor of £318,412 (2022: £275,414).
Included within other creditors are directors loans of £9,950 (2022: £9,950) due to R Melhuish and £9,950 (2022: £9,950) due to Earl Percy.  The loans are repayable on demand and interest free.

 
Page 8