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REGISTERED NUMBER: 07501578 (England and Wales)











Financial Statements

for the Year Ended 28th February 2023

for

Dunsop Bridge Trout Farm Ltd

Dunsop Bridge Trout Farm Ltd (Registered number: 07501578)

Contents of the Financial Statements
for the Year Ended 28th February 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Dunsop Bridge Trout Farm Ltd

Company Information
for the Year Ended 28th February 2023







DIRECTORS: Mr P Mart
Mr DG Jones





REGISTERED OFFICE: Mellor Knoll
Whitewell Road
Dunsop Bridge
Clitheroe
Lancashire
BB7 3AX





REGISTERED NUMBER: 07501578 (England and Wales)





ACCOUNTANTS: Towers + Gornall Ltd
Chartered Certified Accountants
River View
96 High Street
Garstang
Preston
Lancashire
PR3 1WZ

Dunsop Bridge Trout Farm Ltd (Registered number: 07501578)

Balance Sheet
28th February 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 706,065 684,492
Investments 6 103 103
706,168 684,595

CURRENT ASSETS
Stocks 449,000 419,552
Debtors 7 79,628 25,966
Cash at bank 75 -
528,703 445,518
CREDITORS
Amounts falling due within one year 8 645,090 561,033
NET CURRENT LIABILITIES (116,387 ) (115,515 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

589,781

569,080

CREDITORS
Amounts falling due after more than one
year

9

(92,366

)

(101,185

)

PROVISIONS FOR LIABILITIES (12,736 ) (50,067 )
NET ASSETS 484,679 417,828

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 10 189,370 189,370
Retained earnings 10 295,209 228,358
SHAREHOLDERS' FUNDS 484,679 417,828

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28th February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28th February 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Dunsop Bridge Trout Farm Ltd (Registered number: 07501578)

Balance Sheet - continued
28th February 2023


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 Board of Directors and authorised for issue on 13th October 2023 and were signed on its behalf by:




Mr P Mart - Director



Mr DG Jones - Director


Dunsop Bridge Trout Farm Ltd (Registered number: 07501578)

Notes to the Financial Statements
for the Year Ended 28th February 2023


1. STATUTORY INFORMATION

Dunsop Bridge Trout Farm 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 as modified by the revaluation of certain assets.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Dunsop Bridge Trout Farm Ltd (Registered number: 07501578)

Notes to the Financial Statements - continued
for the Year Ended 28th February 2023


2. ACCOUNTING POLICIES - continued

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2022 - 9 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st March 2022
and 28th February 2023 7,700
AMORTISATION
At 1st March 2022
and 28th February 2023 7,700
NET BOOK VALUE
At 28th February 2023 -
At 28th February 2022 -

5. TANGIBLE FIXED ASSETS
Freehold Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST OR VALUATION
At 1st March 2022 541,178 124,422 112,924 1,602 780,126
Additions - 19,500 33,516 - 53,016
At 28th February 2023 541,178 143,922 146,440 1,602 833,142
DEPRECIATION
At 1st March 2022 - 56,608 37,648 1,378 95,634
Charge for year - 12,597 18,623 223 31,443
At 28th February 2023 - 69,205 56,271 1,601 127,077
NET BOOK VALUE
At 28th February 2023 541,178 74,717 90,169 1 706,065
At 28th February 2022 541,178 67,814 75,276 224 684,492

Included in cost or valuation of land and buildings is freehold land of £ 140,000 (2022 - £ 140,000 ) which is not depreciated.

Dunsop Bridge Trout Farm Ltd (Registered number: 07501578)

Notes to the Financial Statements - continued
for the Year Ended 28th February 2023


5. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 28th February 2023 is represented by:

Freehold Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
Valuation in 2018 371,245 56,843 48,427 607 477,122
Valuation in 2019 3,755 2,743 13,389 325 20,212
Valuation in 2020 145,000 36,706 17,850 - 199,556
Valuation in 2021 - 9,947 28,235 670 38,852
Valuation in 2022 21,178 18,183 5,023 - 44,384
Valuation in 2023 - 19,500 33,516 - 53,016
541,178 143,922 146,440 1,602 833,142

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST OR VALUATION
At 1st March 2022 86,955
Additions 33,516
Transfer to ownership (17,850 )
At 28th February 2023 102,621
DEPRECIATION
At 1st March 2022 21,530
Charge for year 13,923
Transfer to ownership (8,711 )
At 28th February 2023 26,742
NET BOOK VALUE
At 28th February 2023 75,879
At 28th February 2022 65,425

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1st March 2022
and 28th February 2023 103
NET BOOK VALUE
At 28th February 2023 103
At 28th February 2022 103

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 70,458 16,732
Other debtors 9,170 9,234
79,628 25,966

Dunsop Bridge Trout Farm Ltd (Registered number: 07501578)

Notes to the Financial Statements - continued
for the Year Ended 28th February 2023


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 110,654 66,908
Hire purchase contracts 23,800 16,319
Trade creditors 89,871 56,504
Taxation and social security 10,807 5,164
Other creditors 409,958 416,138
645,090 561,033

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 57,026 73,236
Hire purchase contracts 35,340 27,949
92,366 101,185

10. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1st March 2022 228,358 189,370 417,728
Profit for the year 70,851 70,851
Dividends (4,000 ) (4,000 )
At 28th February 2023 295,209 189,370 484,579

11. RELATED PARTY DISCLOSURES

At 28 February 2023 the company owed the directors of the company £404,160 (2022 : 402,743) No interest has been charged to the company in respect of this loan which is repayable on demand and classified in creditors due within one year.