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REGISTERED NUMBER: 06325672 (England and Wales)















Four Seasons Fisheries Limited

Unaudited Financial Statements

for the Year Ended 31 December 2023






Four Seasons Fisheries Limited (Registered number: 06325672)






Contents of the Financial Statements
for the year ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Four Seasons Fisheries Limited

Company Information
for the year ended 31 December 2023







DIRECTOR: JM Wills





REGISTERED OFFICE: 103 Staining Road
Staining
Blackpool
Lancashire
FY3 0AY





REGISTERED NUMBER: 06325672 (England and Wales)





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

Four Seasons Fisheries Limited (Registered number: 06325672)

Balance Sheet
31 December 2023

2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 686,272 649,634
Investments 5 - 25
686,272 649,659

CURRENT ASSETS
Stocks 256,000 243,500
Debtors 6 15,988 12,444
Cash at bank 5,020 339
277,008 256,283
CREDITORS
Amounts falling due within one year 7 105,330 26,466
NET CURRENT ASSETS 171,678 229,817
TOTAL ASSETS LESS CURRENT
LIABILITIES

857,950

879,476

CREDITORS
Amounts falling due after more than one
year

8

950,000

970,025
NET LIABILITIES (92,050 ) (90,549 )

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings (92,052 ) (90,551 )
SHAREHOLDERS' FUNDS (92,050 ) (90,549 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Four Seasons Fisheries Limited (Registered number: 06325672)

Balance Sheet - continued
31 December 2023


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 director and authorised for issue on 12 September 2024 and were signed by:





JM Wills - Director


Four Seasons Fisheries Limited (Registered number: 06325672)

Notes to the Financial Statements
for the year ended 31 December 2023

1. STATUTORY INFORMATION

Four Seasons 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
Notwithstanding the deficiency in net assets, the financial statements have been prepared on the going concern basis as the director has indicated his willingness to continue to support the company.

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.
Freehold property - not provided
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 20% on reducing balance

Freehold land is not depreciated. No depreciation is provided on the company's freehold buildings as the directors consider that the lives of these assets are so long and residual values, based on prices prevailing at the time of acquisition, are sufficiently high that any depreciation would be immaterial. Provision is made in the profit and loss account in the event of any permanent diminution in the value of the properties.

Investments in associates
Investments in associate undertakings are recognised at cost.

Stocks
Raw material items such as feeds are valued at the lower of cost and net realisable value. Fish stocks are valued at the lower of cost and net realisable value. Cost includes the initial purchase cost of the fish plus all direct expenditure and direct overheads incurred to the relevant stage of growth of the fish stocks. Net realisable value is the estimated resale value of those fish to other commercial fisheries less any costs of sale.

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.

Four Seasons Fisheries Limited (Registered number: 06325672)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£ £ £ £ £
COST
At 1 January 2023 495,304 235,302 53,448 59,490 843,544
Additions 42,943 7,101 8,446 - 58,490
At 31 December 2023 538,247 242,403 61,894 59,490 902,034
DEPRECIATION
At 1 January 2023 22,259 125,543 36,133 9,975 193,910
Charge for year - 7,466 4,483 9,903 21,852
At 31 December 2023 22,259 133,009 40,616 19,878 215,762
NET BOOK VALUE
At 31 December 2023 515,988 109,394 21,278 39,612 686,272
At 31 December 2022 473,045 109,759 17,315 49,515 649,634

In 2012 the directors reviewed the carrying amount of tangible fixed assets and an impairment charge of £22,259 was made against freehold property to reduce the value to the higher of net realisable value and value in use.

5. FIXED ASSET INVESTMENTS
Interest in
associate
£
COST
At 1 January 2023 25
Disposals (25 )
At 31 December 2023 -
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 25

Four Seasons Fisheries Limited (Registered number: 06325672)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
VAT 3,779 593
Prepayments and accrued income 12,209 11,851
15,988 12,444

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade creditors 2,810 731
Amounts owed to associates 88,058 -
Directors' current accounts 11,894 23,625
Accruals and deferred income 2,568 2,110
105,330 26,466

Included in other creditors is the director's current account totalling £11,894 (2022: £23,625) It is unsecured and interest free.

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£ £
Amount due to associate - 25
Directors' loan accounts 950,000 970,000
950,000 970,025

Included in other creditors is the director's loan account totalling £950,000 (2022: £970,000) It is unsecured and interest free.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
2 Ordinary £1 2 2

10. RELATED PARTY DISCLOSURES

In the directors opinion the company is controlled by Mr JM Wills.