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REGISTERED NUMBER: 09853713 (England and Wales)















Clear Water Fisheries Limited

Unaudited Financial Statements

for the Year Ended 31 March 2024






Clear Water Fisheries Limited (Registered number: 09853713)






Contents of the Financial Statements
for the year ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Clear Water Fisheries Limited

Company Information
for the year ended 31 March 2024







DIRECTORS: AJ Mollart
M Pennington
SL Pennington





REGISTERED OFFICE: 28 Eaton Avenue
Matrix Office Park
Buckshaw Village
Chorley
Lancashire
PR7 7NA





REGISTERED NUMBER: 09853713 (England and Wales)





ACCOUNTANTS: McMillan & Co LLP
Chartered Accountants
28 Eaton Avenue
Matrix Office Park
Buckshaw Village
Chorley
Lancashire
PR7 7NA

Clear Water Fisheries Limited (Registered number: 09853713)

Balance Sheet
31 March 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 196,902 19,658

CURRENT ASSETS
Stocks 143,580 141,997
Debtors 5 140,297 55,363
Cash at bank and in hand 48,008 94,499
331,885 291,859
CREDITORS
Amounts falling due within one year 6 1,159,870 920,230
NET CURRENT LIABILITIES (827,985 ) (628,371 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(631,083

)

(608,713

)

CREDITORS
Amounts falling due after more than one
year

7

12,500

22,500
NET LIABILITIES (643,583 ) (631,213 )

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained deficit (643,584 ) (631,214 )
SHAREHOLDERS' FUNDS (643,583 ) (631,213 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

Clear Water Fisheries Limited (Registered number: 09853713)

Balance Sheet - continued
31 March 2024


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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 August 2024 and were signed on its behalf by:





AJ Mollart - Director


Clear Water Fisheries Limited (Registered number: 09853713)

Notes to the Financial Statements
for the year ended 31 March 2024

1. STATUTORY INFORMATION

Clear Water Fisheries 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 (£).


The amounts in the financial statements have been rounded to the nearest £1.

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.

Going concern
At the balance sheet date the company had an excess of liabilities over assets. The financial statements have been prepared on a going concern basis as one of the directors, who ultimately owns the entire share capital of the company, has confirmed that he will continue to provide financial support to the company for the foreseeable future.

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.
Leasehold improvements - 15% on cost
Plant and machinery - 33% on cost and 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument. Basic financial assets, which include debtors, prepayments and bank balances, are initially measured at transaction price and are subsequently carried at cost unless the arrangement indicates otherwise and then the asset is measured at the present value of the future receipts discounted at a market rate of interest. Basic financial liabilities, which include creditors, accruals, bank loans and group borrowings, are initially recognised at transaction price and are subsequently carried at cost unless the arrangement indicates otherwise and then the liability is measured at the present value of the future obligations discounted at a market rate of interest.

Taxation
Taxation for the year comprises current and deferred 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 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.


Clear Water Fisheries Limited (Registered number: 09853713)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
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 year 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 7 ) .

4. TANGIBLE FIXED ASSETS
Leasehold Plant and
improvements machinery Totals
£ £ £
COST
At 1 April 2023 12,142 23,587 35,729
Additions 177,719 19,417 197,136
Disposals - (1,409 ) (1,409 )
At 31 March 2024 189,861 41,595 231,456
DEPRECIATION
At 1 April 2023 2,500 13,571 16,071
Charge for year 11,175 8,520 19,695
Eliminated on disposal - (1,212 ) (1,212 )
At 31 March 2024 13,675 20,879 34,554
NET BOOK VALUE
At 31 March 2024 176,186 20,716 196,902
At 31 March 2023 9,642 10,016 19,658

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Other debtors 3,500 855
Prepayments and accrued income 136,797 54,508
140,297 55,363

Clear Water Fisheries Limited (Registered number: 09853713)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Bank loans and overdrafts 10,000 10,000
Trade creditors 29,006 30,974
Amounts owed to group undertakings 1,048,620 809,388
Social security and other taxes 11,205 15,252
Accruals and deferred income 61,039 54,616
1,159,870 920,230

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£ £
Bank loans - 1-2 years 12,500 22,500

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
1 Ordinary £1 1 1

9. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

10. ULTIMATE CONTROLLING PARTY

In the opinion of the directors the company is controlled by the parent company Clear Companies Limited, which has held 100% of the share capital since incorporation.