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REGISTERED NUMBER: 00741315 (England and Wales)










Unaudited Financial Statements

for the Year Ended 30 November 2023

for

Faithful's Fisheries (Tropical) Limited

Faithful's Fisheries (Tropical) Limited (Registered number: 00741315)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Faithful's Fisheries (Tropical) Limited

Company Information
for the Year Ended 30 November 2023







DIRECTORS: D J Faithful
Mrs R L Faithful
Miss A Faithful





SECRETARY: D J Faithful





REGISTERED OFFICE: The Old Barn
30 Back Lane
Heighington
Lincolnshire
LN4 1RH





REGISTERED NUMBER: 00741315 (England and Wales)





ACCOUNTANTS: Ward Mackenzie Ltd
Chartered Accountants
Thatcher House
12 Mount Ephraim
Tunbridge Wells
Kent
TN4 8AS

Faithful's Fisheries (Tropical) Limited (Registered number: 00741315)

Balance Sheet
30 November 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 489 -

CURRENT ASSETS
Debtors 5 40,278 47,260
Cash at bank 55,715 59,323
95,993 106,583
CREDITORS
Amounts falling due within one year 6 (7,005 ) (9,474 )
NET CURRENT ASSETS 88,988 97,109
TOTAL ASSETS LESS CURRENT
LIABILITIES

89,477

97,109

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 7 89,277 96,909
SHAREHOLDERS' FUNDS 89,477 97,109

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

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.

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 Board of Directors and authorised for issue on 25 June 2024 and were signed on its behalf by:





Miss A Faithful - Director


Faithful's Fisheries (Tropical) Limited (Registered number: 00741315)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Faithful's Fisheries (Tropical) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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 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.
Plant and machinery etc - 33% on cost

DEFERRED TAX
Deferred tax is not recognised in respect of all timing differences that have originated but not reversed at the balance sheet date as these are considered immaterial.

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.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 549
At 30 November 2023 549
DEPRECIATION
Charge for year 60
At 30 November 2023 60
NET BOOK VALUE
At 30 November 2023 489

Faithful's Fisheries (Tropical) Limited (Registered number: 00741315)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 38,897 47,260
Tax 1,381 -
40,278 47,260

The directors consider the carrying value of trade and other receivables approximate to their fair values.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 143 143
Corporation tax - 2,040
VAT 2,179 2,777
Directors' current accounts 2,492 2,432
Accrued expenses 2,191 2,082
7,005 9,474

The directors consider the carrying amounts of current liabilities approximate to their fair values.

7. RESERVES
Retained
earnings
£   

At 1 December 2022 96,909
Deficit for the year (5,632 )
Dividends (2,000 )
At 30 November 2023 89,277

The Profit and loss account comprises all current and prior period retained profit and losses after deducting any distributions made to the company's shareholders. This is a distributable reserve.

8. RELATED PARTY NOTE

During the year, total dividends of £2,000 (2022 - £2,000) were paid to directors.