Caseware UK (AP4) 2022.0.179 2022.0.179 2023-12-312023-12-31002023-01-01falseNo description of principal activity55truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 02889751 2023-01-01 2023-12-31 02889751 2022-01-01 2022-12-31 02889751 2023-12-31 02889751 2022-12-31 02889751 c:Director1 2023-01-01 2023-12-31 02889751 c:Director2 2023-01-01 2023-12-31 02889751 c:RegisteredOffice 2023-01-01 2023-12-31 02889751 d:CurrentFinancialInstruments 2023-12-31 02889751 d:CurrentFinancialInstruments 2022-12-31 02889751 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 02889751 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 02889751 d:ShareCapital 2023-12-31 02889751 d:ShareCapital 2022-12-31 02889751 d:RetainedEarningsAccumulatedLosses 2023-12-31 02889751 d:RetainedEarningsAccumulatedLosses 2022-12-31 02889751 c:FRS102 2023-01-01 2023-12-31 02889751 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 02889751 c:FullAccounts 2023-01-01 2023-12-31 02889751 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 02889751 2 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure
Registered number: 02889751


ANGELFISH LIMITED

UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 31 DECEMBER 2023

 
ANGELFISH LIMITED
 
 
COMPANY INFORMATION


Directors
D Jones 
J Jones 




Registered number
02889751



Registered office
8th Floor
Becket House

Old Jewry

London

EC2R 8DD




Accountants
Elman Wall Limited
Accountants

8th Floor

Becket House

36 Old Jewry

London

EC2R 8DD





 
ANGELFISH LIMITED
 

CONTENTS



Page
Statement of Financial Position
1
Notes to the Financial Statements
2 - 5


 
ANGELFISH LIMITED
REGISTERED NUMBER: 02889751

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
678,914
725,655

Cash at bank and in hand
 5 
1,091,375
861,282

  
1,770,289
1,586,937

Creditors: amounts falling due within one year
 6 
(1,285,417)
(1,120,669)

Net current assets
  
 
 
484,872
 
 
466,268

Total assets less current liabilities
  
484,872
466,268

  

Net assets
  
484,872
466,268


Capital and reserves
  

Called up share capital 
  
101,500
101,500

Profit and loss account
  
383,372
364,768

  
484,872
466,268


The Directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The Directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 



D Jones
Director

Date: 25 April 2024

Page 1

 
ANGELFISH LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Angelfish Limited is a private company limited by shares registered in England and Wales, United Kingdom. 
The registered office is; 8th Floor, Becket House, 36 Old Jewry, London, EC2R 8DD.
The nature of the company's operations and principal activities are that of a specialist tour operator. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

 
2.2

Revenue

Revenue comprises of the deposit element and balance in respect of inclusive tours and other services supplied to customers in the ordinary course of business. Revenue is taken to the profit and loss account based on the date of departure.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

Page 2

 
ANGELFISH LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.6

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

  
2.7

Advanced payments and receipts

Balances received relating to bookings that depart after the balance sheet date are treated as advance receipts and are separately disclosed under accruals and deferred income. Payments made to suppliers relating to bookings that depart after the balance sheet date are treated as advance payments and are separately disclosed under prepayments and accrued income.

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 3

 
ANGELFISH LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.11

Financial instruments

The Company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares. 

 
2.12

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when paid. Dividends on shares recognised as liabilities are recognised as expenses and classified within interest payable.


3.


Employees

The average monthly number of employees, including directors, during the year was 5 (2022 - 5).


4.


Debtors

2023
2022
£
£


Other debtors
178,825
207,925

Prepayments and accrued income
500,089
517,730

678,914
725,655


Prepayment and accrued income includes advanced payments to suppliers for departures after the balance sheet date amounting to £500,089 (2022: £517,730).


5.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
1,091,375
861,282

1,091,375
861,282


Page 4

 
ANGELFISH LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
75,087
36,559

Corporation tax
30,621
55,483

Other taxation and social security
3,489
4,361

Other creditors
5,112
4,325

Accruals and deferred income
1,171,108
1,019,941

1,285,417
1,120,669


Accruals and deferred income includes advanced receipts from customers for departures after the balance sheet date amounting to £1,166,383 (2022: £1,015,941).
Barclays Bank Plc has a deed of charge over credit balances in relation to the provision of banking services.


7.


Contingent liabilities

As at 31st December 2023, there were contingent liabilities given by the company in the normal course of business to Svenska Handelsbanken AB in respect of ABTA bonds amounting £60,000 (2022: £60,000).


8.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £3,746 (2022: £3,769). Contributions totalling £Nil (2022: £Nil) were payable to the fund at the balance sheet date.


9.


Controlling party

The parent company is Sidan Limited, who's registered office is 8th Floor, Becket House, 36 Old Jewry, London, EC2R 8DD.
The ultimate controlling party is D Jones by virtue of his shareholding in Sidan Limited.

 
Page 5