Caseware UK (AP4) 2023.0.135 2023.0.135 2023-02-282023-02-28false12022-03-01The principal acitivity of the company continued to be that of a holding company.1truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09891106 2022-03-01 2023-02-28 09891106 2021-03-01 2022-02-28 09891106 2023-02-28 09891106 2022-02-28 09891106 c:Director1 2022-03-01 2023-02-28 09891106 d:CurrentFinancialInstruments 2023-02-28 09891106 d:CurrentFinancialInstruments 2022-02-28 09891106 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 09891106 d:CurrentFinancialInstruments d:WithinOneYear 2022-02-28 09891106 d:ShareCapital 2023-02-28 09891106 d:ShareCapital 2022-02-28 09891106 d:OtherMiscellaneousReserve 2023-02-28 09891106 d:OtherMiscellaneousReserve 2022-02-28 09891106 d:RetainedEarningsAccumulatedLosses 2023-02-28 09891106 d:RetainedEarningsAccumulatedLosses 2022-02-28 09891106 c:OrdinaryShareClass1 2022-03-01 2023-02-28 09891106 c:OrdinaryShareClass1 2023-02-28 09891106 c:OrdinaryShareClass1 2022-02-28 09891106 c:FRS102 2022-03-01 2023-02-28 09891106 c:AuditExempt-NoAccountantsReport 2022-03-01 2023-02-28 09891106 c:FullAccounts 2022-03-01 2023-02-28 09891106 c:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 09891106 2 2022-03-01 2023-02-28 09891106 6 2022-03-01 2023-02-28 09891106 e:PoundSterling 2022-03-01 2023-02-28 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 09891106














TOTAL FISHING GROUP LTD

 
UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2023

 
TOTAL FISHING GROUP LTD
REGISTERED NUMBER:09891106

BALANCE SHEET
AS AT 28 FEBRUARY 2023

2023
2022
Note
£
£

Fixed assets
  

Investments
 4 
562,800
562,800

  
562,800
562,800

Current assets
  

Debtors: amounts falling due within one year
 5 
2,702,135
635,606

Cash at bank and in hand
  
372
185

  
2,702,507
635,791

Creditors: amounts falling due within one year
 6 
(763,785)
(720,950)

Net current assets/(liabilities)
  
 
 
1,938,722
 
 
(85,159)

Total assets less current liabilities
  
2,501,522
477,641

  

Net assets
  
2,501,522
477,641


Capital and reserves
  

Called up share capital 
 7 
93
93

Other reserves
  
59,271
59,271

Profit and loss account
  
2,442,158
418,277

  
2,501,522
477,641


Page 1

 
TOTAL FISHING GROUP LTD
REGISTERED NUMBER:09891106
    
BALANCE SHEET (CONTINUED)
AS AT 28 FEBRUARY 2023

The director considers 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 director acknowledges his 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 profit and loss account 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 by: 




A C Gilbert
Director

Date: 16 April 2024

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
TOTAL FISHING GROUP LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

1.


General information

Total Fishing Group Ltd is a private company, limited by shares, registered in England and Wales, registration number 09891106. The registered office is Elsley Court, 20-22 Great Titchfield Street, London, W1W 8BE.

The principal acitivity of the company continued to be that of a holding company.

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.

  
2.2

Group exemption

The financial statements present information about the company as an individual undertaking and not about its group. The company and its subsidiary undertaking comprise a small-sized  group. The company has therefore taken advantage of the exemptions provided by section 399 of the Companies Act 2006 not to prepare group accounts.

  
2.3

Dividend income

Dividend income is recognised when the right to receive dividend income is established.

 
2.4

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.5

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.

 
2.6

Cash

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. 

 
2.7

Financial instruments

The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as other debtors, trade and other creditors, loans with related parties and investments in ordinary shares.

 
2.8

Creditors

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

Page 3

 
TOTAL FISHING GROUP LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

2.Accounting policies (continued)

 
2.9

 Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.10

 Share based payments

Where share options are awarded to employees, the fair value of the options at the date of grant is charged to profit or loss over the vesting period. Non-market vesting conditions are taken into account by adjusting the number of equity instruments expected to vest at each balance sheet date so that, ultimately, the cumulative amount recognised over the vesting period is based on the number of options that eventually vest. Market vesting conditions are factored into the fair value of the options granted. The cumulative expense is not adjusted for failure to achieve a market vesting condition.
The fair value of the award also takes into account non-vesting conditions. These are either factors beyond the control of either party (such as a target based on an index) or factors which are within the control of one or other of the parties (such as the company keeping the scheme open or the employee maintaining any contributions required by the scheme).
Where the terms and conditions of options are modified before they vest, the increase in the fair value of the options, measured immediately before and after the modification, is also charged to profit or loss over the remaining vesting period.
Where equity instruments are granted to persons other than employees, profit or loss is charged with fair value of goods and services received.

 
2.11

 Interest income

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

 
2.12

 Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Page 4

 
TOTAL FISHING GROUP LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

3.


Employees

The average monthly number of employees, including a director, during the year was 1 (2022 - 1).


4.


Fixed asset investments





Investment in a subsidiary company

£



Cost


At 1 March 2022
562,800



At 28 February 2023
562,800





5.


Debtors

2023
2022
£
£


Other debtors
2,701,685
635,044

Prepayments and accrued income
450
400

Deferred taxation
-
162

2,702,135
635,606



6.


Creditors: amounts falling due within one year

2023
2022
£
£

Trade creditors
3,400
-

Amounts owed to group undertaking
282,233
717,984

Corporation tax
474,754
-

Accruals and deferred income
3,398
2,966

763,785
720,950



7.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



93 (2022 - 93) Ordinary A shares of £1.00 each
93
93


Page 5

 
TOTAL FISHING GROUP LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

8.


Transactions with the director

During the year, the company paid net expenses of £1,353,703 (2022 - £636,326) on behalf of the director. As at the year end, the director owed the company £2,025,886 (2022 - £635,044). An interest at official rate has been charged on this loan and the loan is unsecured and repayable on demand.
 
Page 6