Billingsgate Traders Limited
Unaudited Financial Statements
For the year ended 31 December 2023
Pages for Filing with Registrar
Company Registration No. 01813094 (England and Wales)
Billingsgate Traders Limited
Company Information
Director
M.D. Eglin
Secretary
B. Evans
Company number
01813094
Registered office
Office 36, Billingsgate Market
Trafalgar Way
London
E14 5ST
Accountants
Moore Kingston Smith LLP
Orbital House
20 Eastern Road
Romford
Essex
RM1 3PJ
Billingsgate Traders Limited
Contents
Page
Balance sheet
1
Notes to the financial statements
2 - 3
Billingsgate Traders Limited
Balance Sheet
As at 31 December 2023
Page 1
2023
2022
Notes
£
£
£
£
Creditors: amounts falling due within one year
3
(7,491)
(7,491)
Net current liabilities
(7,491)
(7,491)
Capital and reserves
Called up share capital
4
19,000
19,000
Capital redemption reserve
250
250
Profit and loss reserves
(26,741)
(26,741)
Total equity
(7,491)
(7,491)
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 18 September 2024 and are signed on its behalf by:
M.D. Eglin
Director
Company Registration No. 01813094
Billingsgate Traders Limited
Notes to the Financial Statements
For the year ended 31 December 2023
Page 2
1
Accounting policies
Company information
Billingsgate Traders Limited is a private company limited by shares incorporated in England and Wales. The registered office is Office 36, Billingsgate Market, Trafalgar Way, London, E14 5ST.
1.1
Accounting convention
These financial statements have been prepared in accordance with Section 1A of FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Going concern
The Company's balance sheet as at the 31 December 2023 shows an excess of liabilities over assets of £7,491 (2022: £7,491). The company meets its capital requirements through financial support given by London Fish Merchants' Association (Billingsgate) Limited, a company related by virtue of common directorship.
The Company has received confirmation from London Fish Merchants' Association (Billingsgate) Limited that the amounts owed to them will not be called for payment for at least one year from the date the balance sheet was signed. For this reason the Director believes that it is appropriate for these financial statements to be prepared on a going concern basis.
1.3
Financial instruments
The Company only has basic financial instruments measured at amortised cost, with no financial instruments classified as other or basic instruments measured at fair value.
1.4
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was 0 (2022: 0).
Billingsgate Traders Limited
Notes to the Financial Statements (Continued)
For the year ended 31 December 2023
Page 3
3
Creditors: amounts falling due within one year
2023
2022
£
£
Other creditors
7,491
7,491
4
Called up share capital
2023
2022
2023
2022
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary Class A shares of £1 each
16,500
16,500
16,500
16,500
Ordinary Class B shares of £1 each
2,500
2,500
2,500
2,500
19,000
19,000
19,000
19,000
5
Related party transactions
At the year end, the company owed £5,991 to (2022: £5,991) London Fish Merchants Association (Billingsgate) Limited (Limited by guarantee). Billingsgate Traders Limited and London Fish Merchants Association (Billingsgate) Limited (Limited by guarantee) are related companies by virtue of common directorship.