REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 31 December 2022 |
for |
Bronxi Fishing Ltd. |
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 31 December 2022 |
for |
Bronxi Fishing Ltd. |
Bronxi Fishing Ltd. (Registered number: SC330023) |
Contents of the Financial Statements |
for the Year Ended 31 December 2022 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
Bronxi Fishing Ltd. |
Company Information |
for the Year Ended 31 December 2022 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Accountants |
2 Cross Street |
Fraserburgh |
Aberdeenshire |
AB43 9EQ |
Bronxi Fishing Ltd. (Registered number: SC330023) |
Balance Sheet |
31 December 2022 |
31.12.22 | 31.12.21 |
Notes | £ | £ |
CURRENT ASSETS |
Investments | 4 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 5 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital | 6 |
Retained earnings | 7 |
SHAREHOLDERS' FUNDS |
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. |
In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
Bronxi Fishing Ltd. (Registered number: SC330023) |
Notes to the Financial Statements |
for the Year Ended 31 December 2022 |
1. | STATUTORY INFORMATION |
Bronxi Fishing Ltd. is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover represents amounts receivable for services provided in the normal course of business, net of discounts and VAT. Revenue is recognised to the extent that it is probable that economic benefit will flow to the company and when its value can be measured with a sufficient degree of certainty and reliability. All income is recognised in the accounting period to which it relates. |
Taxation |
Taxation for the year comprises current tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
Current 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. |
Current asset investment |
The current asset investment represents the company's interest in 'Mia Jane W LLP'. The value stated in the Balance Sheet reflects the value as reported in the financial statements of the LLP of the company's Capital and Current Accounts. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | CURRENT ASSET INVESTMENTS |
31.12.22 | 31.12.21 |
£ | £ |
Other |
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.22 | 31.12.21 |
£ | £ |
Trade creditors |
Tax |
Directors' current accounts | 98 | 272 |
Accrued expenses |
Bronxi Fishing Ltd. (Registered number: SC330023) |
Notes to the Financial Statements - continued |
for the Year Ended 31 December 2022 |
6. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.12.22 | 31.12.21 |
value: | £ | £ |
Ordinary | £1 | 2 | 2 |
7. | RESERVES |
Retained |
earnings |
£ |
At 1 January 2022 |
Deficit for the year | ( |
) |
Dividends | ( |
) |
At 31 December 2022 |
Of the balance of retained reserves, £38,081 relates to an unrealised gain in respect of a revaluation within the LLP investment and therefore this sum is non distributable. At the time the dividends were declared the directors were not aware that there was a small shortfall in the retained profits available and acknowledge that no further sums can be declared until sufficient available profits are available from ongoing trading. |
8. | RELATED PARTY DISCLOSURES |
The director operates a current account with the company and as at the financial year end the balance owing to him was £98 (2021: £272). There are no fixed terms of repayment and no interest is accrued. |
9. | ULTIMATE CONTROLLING PARTY |
The company is controlled by the directors who between them own 100% of the issued share capital. |