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REGISTERED NUMBER: 12256660 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 NOVEMBER 2022 TO 30 SEPTEMBER 2023

FOR

SHELLSEEKERS MARKET KITCHEN LIMITED

SHELLSEEKERS MARKET KITCHEN LIMITED (REGISTERED NUMBER: 12256660)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 NOVEMBER 2022 TO 30 SEPTEMBER 2023










Page

Balance sheet 1

Notes to the financial statements 2


SHELLSEEKERS MARKET KITCHEN LIMITED (REGISTERED NUMBER: 12256660)

BALANCE SHEET
30 SEPTEMBER 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Tangible assets 4 14,312 13,132

Current assets
Stocks 2,000 -
Debtors 5 46,035 85,698
Cash at bank and in hand 35,014 29,477
83,049 115,175
Creditors
Amounts falling due within one year 6 95,240 164,339
Net current liabilities (12,191 ) (49,164 )
Total assets less current liabilities 2,121 (36,032 )

Provisions for liabilities 7 1,657 -
Net assets/(liabilities) 464 (36,032 )

Capital and reserves
Called up share capital 8 1 1
Retained earnings 463 (36,033 )
Shareholders' funds 464 (36,032 )

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

The members have not required the company to obtain an audit of its financial statements for the period ended 30 September 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 Statement of comprehensive income has not been delivered.

The financial statements were approved by the director and authorised for issue on 10 April 2024 and were signed by:





Mr D S Brown - Director


SHELLSEEKERS MARKET KITCHEN LIMITED (REGISTERED NUMBER: 12256660)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 NOVEMBER 2022 TO 30 SEPTEMBER 2023


1. Statutory information

Shellseekers Market Kitchen Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 12256660. The registered office and business address is Sikas Rest, 1 Lytchett Lane, Bovington, Dorset. BH20 6PA.

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.

Turnover
Turnover represents all takings from the running of a restaurant during the year, net of value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 15% on reducing balance

Stocks
Stock and Work In Progress are valued at the lower of cost and net realisable value.

Taxation
Taxation for the period 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 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 period 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
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.

Financial instruments
Basic financial instruments are initially recognised at transaction price and accounted for according to the substance of the contractual arrangement, as either financial assets, liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company, after deducting all liabilities.

At each balance sheet date, financial instruments are measured at amortised cost using the effective interest method. Any losses arising from impairment are recognised in the profit and loss account in the period to which they relate.

SHELLSEEKERS MARKET KITCHEN LIMITED (REGISTERED NUMBER: 12256660)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 NOVEMBER 2022 TO 30 SEPTEMBER 2023


2. Accounting policies - continued

Change in accounting period
On 15 September 2023, the company changed its accounting reference date to 30 September, in line with the other group companies. As such, the previous period figures are not directly comparable with this period.

3. Employees and directors

The average number of employees during the period was 3 (2022 - 1 ) .

4. Tangible fixed assets
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
Cost
At 1 November 2022 - 21,929 21,929
Additions 1,525 2,364 3,889
Disposals - (264 ) (264 )
At 30 September 2023 1,525 24,029 25,554
Depreciation
At 1 November 2022 - 8,797 8,797
Charge for period 350 2,095 2,445
At 30 September 2023 350 10,892 11,242
Net book value
At 30 September 2023 1,175 13,137 14,312
At 31 October 2022 - 13,132 13,132

5. Debtors: amounts falling due within one year
2023 2022
£    £   
Trade debtors 3,464 714
Amounts owed by group undertakings 35,125 -
Directors' current accounts - 63,187
Tax 5,803 20,767
Prepayments and accrued income 1,643 1,030
46,035 85,698

SHELLSEEKERS MARKET KITCHEN LIMITED (REGISTERED NUMBER: 12256660)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 NOVEMBER 2022 TO 30 SEPTEMBER 2023


6. Creditors: amounts falling due within one year
2023 2022
£    £   
Trade creditors 7,862 3,523
Amounts owed to group undertakings 70,006 123,732
Tax - 20,930
Social security and other taxes 2,172 -
VAT 9,722 8,638
Other creditors 3,432 5,849
Accruals and deferred income 2,046 1,667
95,240 164,339

7. Provisions for liabilities
2023 2022
£    £   
Deferred tax 1,657 -

Deferred
tax
£   
Charge to Income statement during period 1,657
Balance at 30 September 2023 1,657

8. Called up share capital

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

9. Director's advances, credits and guarantees

The following advances and credits to a director subsisted during the period ended 30 September 2023 and the year ended 31 October 2022:

2023 2022
£    £   
Mr D S Brown
Balance outstanding at start of period 63,187 15,651
Amounts advanced - 47,536
Amounts repaid (63,187 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period - 63,187

10. Ultimate controlling party

The Company is under the control of the Director, by virtue of his 100% holding of the issued voting share capital in the ultimate parent company, Shellseekers Fish & Game Holdings Limited.