Silverfin false false 31/03/2024 01/04/2023 31/03/2024 N George 04/03/2022 J Nowell 04/03/2022 J Shannon 04/03/2022 31 August 2024 The principal activity of the Company during the financial year was the running of a public house and bar. 13955935 2024-03-31 13955935 bus:Director1 2024-03-31 13955935 bus:Director2 2024-03-31 13955935 bus:Director3 2024-03-31 13955935 2023-03-31 13955935 core:CurrentFinancialInstruments 2024-03-31 13955935 core:CurrentFinancialInstruments 2023-03-31 13955935 core:Non-currentFinancialInstruments 2024-03-31 13955935 core:Non-currentFinancialInstruments 2023-03-31 13955935 core:ShareCapital 2024-03-31 13955935 core:ShareCapital 2023-03-31 13955935 core:RetainedEarningsAccumulatedLosses 2024-03-31 13955935 core:RetainedEarningsAccumulatedLosses 2023-03-31 13955935 core:PlantMachinery 2023-03-31 13955935 core:FurnitureFittings 2023-03-31 13955935 core:OfficeEquipment 2023-03-31 13955935 core:PlantMachinery 2024-03-31 13955935 core:FurnitureFittings 2024-03-31 13955935 core:OfficeEquipment 2024-03-31 13955935 bus:OrdinaryShareClass1 2024-03-31 13955935 bus:OrdinaryShareClass2 2024-03-31 13955935 bus:OrdinaryShareClass3 2024-03-31 13955935 2023-04-01 2024-03-31 13955935 bus:FilletedAccounts 2023-04-01 2024-03-31 13955935 bus:SmallEntities 2023-04-01 2024-03-31 13955935 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 13955935 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 13955935 bus:Director1 2023-04-01 2024-03-31 13955935 bus:Director2 2023-04-01 2024-03-31 13955935 bus:Director3 2023-04-01 2024-03-31 13955935 core:PlantMachinery 2023-04-01 2024-03-31 13955935 core:FurnitureFittings 2023-04-01 2024-03-31 13955935 core:OfficeEquipment 2023-04-01 2024-03-31 13955935 2022-04-01 2023-03-31 13955935 bus:OrdinaryShareClass1 2023-04-01 2024-03-31 13955935 bus:OrdinaryShareClass1 2022-04-01 2023-03-31 13955935 bus:OrdinaryShareClass2 2023-04-01 2024-03-31 13955935 bus:OrdinaryShareClass2 2022-04-01 2023-03-31 13955935 bus:OrdinaryShareClass3 2023-04-01 2024-03-31 13955935 bus:OrdinaryShareClass3 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 13955935 (England and Wales)

FISHERMAN'S ARMS NEWLYN LTD

Unaudited Financial Statements
For the financial year ended 31 March 2024
Pages for filing with the registrar

FISHERMAN'S ARMS NEWLYN LTD

Unaudited Financial Statements

For the financial year ended 31 March 2024

Contents

FISHERMAN'S ARMS NEWLYN LTD

COMPANY INFORMATION

For the financial year ended 31 March 2024
FISHERMAN'S ARMS NEWLYN LTD

COMPANY INFORMATION (continued)

For the financial year ended 31 March 2024
DIRECTORS N George
J Nowell
J Shannon
REGISTERED OFFICE Lowin House
Tregolls Road
Truro
Cornwall
TR1 2NA
United Kingdom
COMPANY NUMBER 13955935 (England and Wales)
CHARTERED ACCOUNTANTS Francis Clark LLP
Lowin House
Tregolls Road
Truro
Cornwall TR1 2NA
FISHERMAN'S ARMS NEWLYN LTD

BALANCE SHEET

As at 31 March 2024
FISHERMAN'S ARMS NEWLYN LTD

BALANCE SHEET (continued)

As at 31 March 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 7,735 8,615
7,735 8,615
Current assets
Stocks 4 9,783 15,051
Debtors 5 5,769 0
Cash at bank and in hand 32,404 138,280
47,956 153,331
Creditors: amounts falling due within one year 6 ( 118,624) ( 156,338)
Net current liabilities (70,668) (3,007)
Total assets less current liabilities (62,933) 5,608
Creditors: amounts falling due after more than one year 7 0 ( 4,084)
Provision for liabilities 0 188
Net (liabilities)/assets ( 62,933) 1,712
Capital and reserves
Called-up share capital 8 300 300
Profit and loss account ( 63,233 ) 1,412
Total shareholders' (deficit)/funds ( 62,933) 1,712

For the financial year ending 31 March 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Fisherman's Arms Newlyn Ltd (registered number: 13955935) were approved and authorised for issue by the Board of Directors on 31 August 2024. They were signed on its behalf by:

N George
Director
FISHERMAN'S ARMS NEWLYN LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
FISHERMAN'S ARMS NEWLYN LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial period, unless otherwise stated.

General information and basis of accounting

Fisherman's Arms Newlyn Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Lowin House, Tregolls Road, Truro, Cornwall, TR1 2NA, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors note that the business has net liabilities of £62,933. The Company is supported through loans from the directors. The directors have confirmed that the loan facilities will continue to be available for at least 12 months from the date of signing these financial statements and the directors will continue to support the Company. Given the current position, the directors believe that any foreseeable debts can be met for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Revenue comprises the fair value of the consideration received for the provision of food and drink. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line, reducing balance] basis over its expected useful life, as follows:

Plant and machinery 20 % reducing balance
Fixtures and fittings 20 % reducing balance
Office equipment 25 % reducing balance
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 23 27

3. Tangible assets

Plant and machinery Fixtures and fittings Office equipment Total
£ £ £ £
Cost
At 01 April 2023 4,174 635 4,486 9,295
Additions 1,231 0 0 1,231
At 31 March 2024 5,405 635 4,486 10,526
Accumulated depreciation
At 01 April 2023 289 35 356 680
Charge for the financial year 958 120 1,033 2,111
At 31 March 2024 1,247 155 1,389 2,791
Net book value
At 31 March 2024 4,158 480 3,097 7,735
At 31 March 2023 3,885 600 4,130 8,615

4. Stocks

2024 2023
£ £
Stocks 9,783 15,051

5. Debtors

2024 2023
£ £
Other debtors 5,769 0

6. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 26,120 20,945
Other taxation and social security 6,597 23,463
Obligations under finance leases and hire purchase contracts 4,083 4,671
Other creditors 81,824 107,259
118,624 156,338

7. Creditors: amounts falling due after more than one year

2024 2023
£ £
Obligations under finance leases and hire purchase contracts 0 4,084

8. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
100 A shares ordinary shares of £ 1.00 each 100 100
100 B shares ordinary shares of £ 1.00 each 100 100
100 C shares ordinary shares of £ 1.00 each 100 100
300 300

9. Related party transactions

Transactions with the entity's directors

2024 2023
£ £
N George - Interest free loan 5,769 (32,900)

During the year, Mr N George introduced funds amounting to £40,663 and withdrew funds totalling £79,332. At the balance sheet date the £5,769 was owed to the company.