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REGISTERED NUMBER: 07501578 (England and Wales)











Financial Statements

for the Year Ended 29th February 2024

for

Dunsop Bridge Trout Farm Ltd

Dunsop Bridge Trout Farm Ltd (Registered number: 07501578)

Contents of the Financial Statements
for the Year Ended 29th February 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Dunsop Bridge Trout Farm Ltd

Company Information
for the Year Ended 29th February 2024







DIRECTORS: Mr P Mart
Mr DG Jones





REGISTERED OFFICE: Mellor Knoll
Whitewell Road
Dunsop Bridge
Clitheroe
Lancashire
BB7 3AX





REGISTERED NUMBER: 07501578 (England and Wales)





ACCOUNTANTS: Towers + Gornall Ltd
Chartered Certified Accountants
River View
96 High Street
Garstang
Preston
Lancashire
PR3 1WZ

Dunsop Bridge Trout Farm Ltd (Registered number: 07501578)

Balance Sheet
29th February 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 715,221 706,065
Investments 6 103 103
715,324 706,168

CURRENT ASSETS
Stocks 550,000 449,000
Debtors 7 40,119 79,628
Cash at bank 4 75
590,123 528,703
CREDITORS
Amounts falling due within one year 8 635,803 645,090
NET CURRENT LIABILITIES (45,680 ) (116,387 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

669,644

589,781

CREDITORS
Amounts falling due after more than one
year

9

(66,075

)

(92,366

)

PROVISIONS FOR LIABILITIES (31,161 ) (12,736 )
NET ASSETS 572,408 484,679

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 10 189,370 189,370
Retained earnings 10 382,938 295,209
SHAREHOLDERS' FUNDS 572,408 484,679

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29th February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29th February 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.

Dunsop Bridge Trout Farm Ltd (Registered number: 07501578)

Balance Sheet - continued
29th February 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19th August 2024 and were signed on its behalf by:




Mr P Mart - Director



Mr DG Jones - Director


Dunsop Bridge Trout Farm Ltd (Registered number: 07501578)

Notes to the Financial Statements
for the Year Ended 29th February 2024


1. STATUTORY INFORMATION

Dunsop Bridge Trout Farm Ltd 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.

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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance

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

Taxation
Taxation for the year 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
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.

Dunsop Bridge Trout Farm Ltd (Registered number: 07501578)

Notes to the Financial Statements - continued
for the Year Ended 29th February 2024


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 12 (2023 - 12 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st March 2023
and 29th February 2024 7,700
AMORTISATION
At 1st March 2023
and 29th February 2024 7,700
NET BOOK VALUE
At 29th February 2024 -
At 28th February 2023 -

5. TANGIBLE FIXED ASSETS
Freehold Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST OR VALUATION
At 1st March 2023 541,178 143,922 146,440 1,602 833,142
Additions 10,035 2,332 37,179 - 49,546
At 29th February 2024 551,213 146,254 183,619 1,602 882,688
DEPRECIATION
At 1st March 2023 - 69,205 56,271 1,601 127,077
Charge for year - 11,383 29,007 - 40,390
At 29th February 2024 - 80,588 85,278 1,601 167,467
NET BOOK VALUE
At 29th February 2024 551,213 65,666 98,341 1 715,221
At 28th February 2023 541,178 74,717 90,169 1 706,065

Included in cost or valuation of land and buildings is freehold land of £ 140,000 (2023 - £ 140,000 ) which is not depreciated.

Dunsop Bridge Trout Farm Ltd (Registered number: 07501578)

Notes to the Financial Statements - continued
for the Year Ended 29th February 2024


5. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 29th February 2024 is represented by:

Freehold Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
Valuation in 2018 371,245 56,843 48,427 607 477,122
Valuation in 2019 3,755 2,743 13,389 325 20,212
Valuation in 2020 145,000 36,706 17,850 - 199,556
Valuation in 2021 - 9,947 28,235 670 38,852
Valuation in 2022 21,178 18,183 5,023 - 44,384
Valuation in 2023 - 19,500 33,516 - 53,016
Valuation in 2024 10,035 2,332 37,179 - 49,546
551,213 146,254 183,619 1,602 882,688

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST OR VALUATION
At 1st March 2023 102,621
Additions 32,294
At 29th February 2024 134,915
DEPRECIATION
At 1st March 2023 26,742
Charge for year 20,385
At 29th February 2024 47,127
NET BOOK VALUE
At 29th February 2024 87,788
At 28th February 2023 75,879

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1st March 2023
and 29th February 2024 103
NET BOOK VALUE
At 29th February 2024 103
At 28th February 2023 103

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 36,698 70,458
Other debtors 3,421 9,170
40,119 79,628

Dunsop Bridge Trout Farm Ltd (Registered number: 07501578)

Notes to the Financial Statements - continued
for the Year Ended 29th February 2024


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 111,008 110,654
Hire purchase contracts 28,253 23,800
Trade creditors 50,243 89,871
Taxation and social security 13,650 10,807
Other creditors 432,649 409,958
635,803 645,090

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 40,592 57,026
Hire purchase contracts 25,483 35,340
66,075 92,366

10. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1st March 2023 295,209 189,370 484,579
Profit for the year 89,729 89,729
Dividends (2,000 ) (2,000 )
At 29th February 2024 382,938 189,370 572,308

11. RELATED PARTY DISCLOSURES

At 28 February 2024 the company owed the directors of the company £403,660 (2023 : 404,160) No interest has been charged to the company in respect of this loan which is repayable on demand and classified in creditors due within one year.