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Registration number: 13074389

Fishing Boat Proceeds Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 July 2023

 

Fishing Boat Proceeds Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

Fishing Boat Proceeds Ltd

Company Information

Director

Ross Tavendale

Registered office

63 Pinnacle House
Schooner Road
London
E16 2RE

Accountants

Sapphire8 Limited
Chartered Certified Accountants
Mercury Hub
2 Linden Road
Clevedon
BS21 7SN

 

Fishing Boat Proceeds Ltd

(Registration number: 13074389)
Balance Sheet as at 31 July 2023

Note

2023
£

2022
£

Current assets

 

Debtors

5

1

1

Other financial assets

4

4,500

-

Cash at bank and in hand

 

260

5,000

 

4,761

5,001

Creditors: Amounts falling due within one year

6

(4,760)

(5,000)

Net assets

 

1

1

Capital and reserves

 

Called up share capital

7

1

1

Shareholders' funds

 

1

1

For the financial year ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 6 March 2024
 


Ross Tavendale
Director

 

Fishing Boat Proceeds Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2023

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
63 Pinnacle House
Schooner Road
London
E16 2RE
United Kingdom

These financial statements were authorised for issue by the director on 6 March 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

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

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Share capital

Ordinary shares are classified as equity.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 1).

 

Fishing Boat Proceeds Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2023

4

Other financial assets (current and non-current)

Financial assets at fair value through profit and loss
£

Total
£

Current financial assets

Cost or valuation

Additions

4,500

4,500

At 31 July 2023

4,500

4,500

Impairment

Carrying amount

At 31 July 2023

4,500

4,500

5

Debtors

2023
£

2022
£

Other debtors

1

1

1

1

 

Fishing Boat Proceeds Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2023

6

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Amounts owed to group undertakings and undertakings in which the company has a participating interest

8

4,385

4,422

Other creditors

 

375

578

 

4,760

5,000

7

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary shares of £1 each

1

1

1

1

         

8

Related party transactions

At the Balance Sheet date the company owed Type A Agency Ltd ( a wholly owned subsidiary) £4,385 (2022: £4,422).

At the Balance Sheet date Ross Tavendale, a Director and shareholder of the company, was owed £375 (2022: £578).

During the period the company received a dividend of £98,470 from Type A Agency Ltd (2022: £90,400).