IRIS Accounts Production v23.2.0.158 03354144 director 1.5.22 30.4.23 30.4.23 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure033541442022-04-30033541442023-04-30033541442022-05-012023-04-30033541442021-04-30033541442021-05-012022-04-30033541442022-04-3003354144ns16:EnglandWales2022-05-012023-04-3003354144ns15:PoundSterling2022-05-012023-04-3003354144ns11:Director12022-05-012023-04-3003354144ns11:PrivateLimitedCompanyLtd2022-05-012023-04-3003354144ns11:SmallEntities2022-05-012023-04-3003354144ns11:AuditExempt-NoAccountantsReport2022-05-012023-04-3003354144ns11:SmallCompaniesRegimeForDirectorsReport2022-05-012023-04-3003354144ns11:SmallCompaniesRegimeForAccounts2022-05-012023-04-3003354144ns11:FullAccounts2022-05-012023-04-3003354144ns11:OrdinaryShareClass12022-05-012023-04-3003354144ns6:CurrentFinancialInstruments2023-04-3003354144ns6:CurrentFinancialInstruments2022-04-3003354144ns6:Non-currentFinancialInstruments2023-04-3003354144ns6:Non-currentFinancialInstruments2022-04-3003354144ns6:ShareCapital2023-04-3003354144ns6:ShareCapital2022-04-3003354144ns6:RetainedEarningsAccumulatedLosses2023-04-3003354144ns6:RetainedEarningsAccumulatedLosses2022-04-3003354144ns11:RegisteredOffice2022-05-012023-04-3003354144ns6:LandBuildings2022-05-012023-04-3003354144ns6:PlantMachinery2022-05-012023-04-3003354144ns6:LandBuildings2022-04-3003354144ns6:PlantMachinery2022-04-3003354144ns6:LandBuildings2023-04-3003354144ns6:PlantMachinery2023-04-3003354144ns6:LandBuildings2022-04-3003354144ns6:PlantMachinery2022-04-3003354144ns6:LeasedAssetsHeldAsLessee2022-05-012023-04-3003354144ns6:WithinOneYearns6:CurrentFinancialInstruments2023-04-3003354144ns6:WithinOneYearns6:CurrentFinancialInstruments2022-04-3003354144ns6:Secured2023-04-3003354144ns6:Secured2022-04-3003354144ns11:OrdinaryShareClass12023-04-30
REGISTERED NUMBER: 03354144 (England and Wales)










RIVER GWASH TROUT FARM LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH APRIL 2023






RIVER GWASH TROUT FARM LIMITED (REGISTERED NUMBER: 03354144)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH APRIL 2023










Page

Balance Sheet 1

Notes to the Financial Statements 2 to 4


RIVER GWASH TROUT FARM LIMITED (REGISTERED NUMBER: 03354144)

BALANCE SHEET
30TH APRIL 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 163,431 135,389

CURRENT ASSETS
Stocks 55,475 58,248
Debtors 5 12,070 13,910
Cash at bank 145,360 132,721
212,905 204,879
CREDITORS
Amounts falling due within one year 6 112,905 104,966
NET CURRENT ASSETS 100,000 99,913
TOTAL ASSETS LESS CURRENT LIABILITIES 263,431 235,302

CREDITORS
Amounts falling due after more than one year 7 (14,309 ) -

PROVISIONS FOR LIABILITIES (18,425 ) (12,189 )
NET ASSETS 230,697 223,113

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 230,597 223,013
SHAREHOLDERS' FUNDS 230,697 223,113

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 2023 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.

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 16th November 2023 and were signed by:




L J Ball - Director


RIVER GWASH TROUT FARM LIMITED (REGISTERED NUMBER: 03354144)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH APRIL 2023


1. STATUTORY INFORMATION

River Gwash Trout Farm Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 03354144

Registered office: Belmesthorpe Lane
Ryhall
Stamford
PE9 4JZ

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.

These accounts have been prepared on the going concern basis, on the understanding that the directors, shareholders and the bank will continue to financially support the company.

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

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

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.
Land and buildings - 2% on cost
Plant and machinery etc - 20% on cost and 10% on cost

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.


RIVER GWASH TROUT FARM LIMITED (REGISTERED NUMBER: 03354144)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2023


2. ACCOUNTING POLICIES - continued
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.

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.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 5 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1st May 2022 119,521 311,659 431,180
Additions - 55,097 55,097
At 30th April 2023 119,521 366,756 486,277
DEPRECIATION
At 1st May 2022 50,673 245,118 295,791
Charge for year 2,391 24,664 27,055
At 30th April 2023 53,064 269,782 322,846
NET BOOK VALUE
At 30th April 2023 66,457 96,974 163,431
At 30th April 2022 68,848 66,541 135,389

Assets held under finance leases originally cost £45,575 (2021: £45,575) and have a net book value of £12,917 (2021: £21,834).

RIVER GWASH TROUT FARM LIMITED (REGISTERED NUMBER: 03354144)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2023


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 9,070 9,908
Other debtors 3,000 4,002
12,070 13,910

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts - 16,333
Hire purchase contracts 5,912 -
Trade creditors - 182
Taxation and social security 1,409 12,353
Other creditors 105,584 76,098
112,905 104,966

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 12,809 -
Other creditors 1,500 -
14,309 -

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans - 16,333

The bank loans and overdraft are secured by a mortgage debenture on the assets of the company.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

10. RELATED PARTY DISCLOSURES

During the year the company charged rent of £12,000 for the use of freehold property in which a director, Mr L. J. Ball, has a material interest.
A loan of £40,000 made to the company by Mr L.J. and Mrs V. Ball is secured by a second legal charge on freehold property of the company. Of the loan, a balance of £120 remains outstanding at the year end.