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Company Registration No. 1724312 (England and Wales)
Mallory Park Fisheries Limited Unaudited accounts for the period from 1 March 2023 to 28 February 2024
Mallory Park Fisheries Limited Unaudited accounts Contents
Page
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Mallory Park Fisheries Limited Statement of financial position as at 28 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
236,805 
237,901 
Current assets
Debtors
805 
735 
Cash at bank and in hand
8,568 
16,629 
9,373 
17,364 
Creditors: amounts falling due within one year
(121,900)
(123,814)
Net current liabilities
(112,527)
(106,450)
Net assets
124,278 
131,451 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
124,178 
131,351 
Shareholders' funds
124,278 
131,451 
For the period ending 28 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 12 November 2024 and were signed on its behalf by
J Altuccini Director Company Registration No. 1724312
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Mallory Park Fisheries Limited Notes to the Accounts for the period from 1 March 2023 to 28 February 2024
1
Statutory information
Mallory Park Fisheries Limited is a private company, limited by shares, registered in England and Wales, registration number 1724312. The registered office is Waters Edge, Peckleton Common Road, Leicester, LE9 7RF, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, excluding discounts, rebates, value added tax and other sales taxes.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
No depreciation
Plant & machinery
15% per annum of net book value
Inventories
As there is no practicable way of counting the company's fish stocks, the cost of additional fish is written off in the year of purchase.
Deferred taxation
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 accounts. 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 current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
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Mallory Park Fisheries Limited Notes to the Accounts for the period from 1 March 2023 to 28 February 2024
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 March 2023
580,510 
33,369 
613,879 
At 28 February 2024
580,510 
33,369 
613,879 
Depreciation
At 1 March 2023
349,930 
26,048 
375,978 
Charge for the period
- 
1,096 
1,096 
At 28 February 2024
349,930 
27,144 
377,074 
Net book value
At 28 February 2024
230,580 
6,225 
236,805 
At 28 February 2023
230,580 
7,321 
237,901 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
805 
735 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
- 
1,692 
Taxes and social security
276 
468 
Other creditors
68,659 
69,202 
Loans from directors
51,765 
51,257 
Accruals
1,200 
1,195 
121,900 
123,814 
7
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
8
Average number of employees
During the period the average number of employees was 1 (2023: 1).
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