IRIS Accounts Production v24.3.0.553 08629381 Board of Directors 1.7.23 31.3.24 31.3.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh086293812023-06-30086293812024-03-31086293812023-07-012024-03-31086293812022-06-30086293812022-07-012023-06-30086293812023-06-3008629381ns15:EnglandWales2023-07-012024-03-3108629381ns14:PoundSterling2023-07-012024-03-3108629381ns10:Director12023-07-012024-03-3108629381ns10:PrivateLimitedCompanyLtd2023-07-012024-03-3108629381ns10:SmallEntities2023-07-012024-03-3108629381ns10:AuditExempt-NoAccountantsReport2023-07-012024-03-3108629381ns10:SmallCompaniesRegimeForDirectorsReport2023-07-012024-03-3108629381ns10:SmallCompaniesRegimeForAccounts2023-07-012024-03-3108629381ns10:FullAccounts2023-07-012024-03-310862938112023-07-012024-03-3108629381ns10:Director22023-07-012024-03-3108629381ns10:RegisteredOffice2023-07-012024-03-3108629381ns5:CurrentFinancialInstruments2024-03-3108629381ns5:CurrentFinancialInstruments2023-06-3008629381ns5:Non-currentFinancialInstruments2024-03-3108629381ns5:Non-currentFinancialInstruments2023-06-3008629381ns5:ShareCapital2024-03-3108629381ns5:ShareCapital2023-06-3008629381ns5:RetainedEarningsAccumulatedLosses2024-03-3108629381ns5:RetainedEarningsAccumulatedLosses2023-06-3008629381ns5:IntangibleAssetsOtherThanGoodwill2023-07-012024-03-3108629381ns5:PatentsTrademarksLicencesConcessionsSimilar2023-07-012024-03-3108629381ns5:PlantMachinery2023-07-012024-03-3108629381ns5:PatentsTrademarksLicencesConcessionsSimilar2023-06-3008629381ns5:PatentsTrademarksLicencesConcessionsSimilar2024-03-3108629381ns5:PatentsTrademarksLicencesConcessionsSimilar2023-06-3008629381ns5:LandBuildings2023-06-3008629381ns5:LandBuildingsns5:ShortLeaseholdAssets2023-06-3008629381ns5:LongLeaseholdAssetsns5:LandBuildings2023-06-3008629381ns5:PlantMachinery2023-06-3008629381ns5:LandBuildings2023-07-012024-03-3108629381ns5:LandBuildingsns5:ShortLeaseholdAssets2023-07-012024-03-3108629381ns5:LongLeaseholdAssetsns5:LandBuildings2023-07-012024-03-3108629381ns5:LandBuildings2024-03-3108629381ns5:LandBuildingsns5:ShortLeaseholdAssets2024-03-3108629381ns5:LongLeaseholdAssetsns5:LandBuildings2024-03-3108629381ns5:PlantMachinery2024-03-3108629381ns5:LandBuildings2023-06-3008629381ns5:LandBuildingsns5:ShortLeaseholdAssets2023-06-3008629381ns5:LongLeaseholdAssetsns5:LandBuildings2023-06-3008629381ns5:PlantMachinery2023-06-3008629381ns5:FurnitureFittings2023-06-3008629381ns5:MotorVehicles2023-06-3008629381ns5:ComputerEquipment2023-06-3008629381ns5:FurnitureFittings2023-07-012024-03-3108629381ns5:MotorVehicles2023-07-012024-03-3108629381ns5:ComputerEquipment2023-07-012024-03-3108629381ns5:FurnitureFittings2024-03-3108629381ns5:MotorVehicles2024-03-3108629381ns5:ComputerEquipment2024-03-3108629381ns5:FurnitureFittings2023-06-3008629381ns5:MotorVehicles2023-06-3008629381ns5:ComputerEquipment2023-06-3008629381ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-3108629381ns5:WithinOneYearns5:CurrentFinancialInstruments2023-06-3008629381ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2024-03-3108629381ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2023-06-3008629381ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-03-3108629381ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-06-30
REGISTERED NUMBER: 08629381 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1ST JULY 2023 TO 31ST MARCH 2024

FOR

THE REAL CORNISH CRAB COMPANY LIMITED

THE REAL CORNISH CRAB COMPANY LIMITED (REGISTERED NUMBER: 08629381)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1ST JULY 2023 TO 31ST MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THE REAL CORNISH CRAB COMPANY LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1ST JULY 2023 TO 31ST MARCH 2024







DIRECTORS: M E Rowse
Mrs E L Rowse





REGISTERED OFFICE: Varfell Park
Long Rock
PENZANCE
Cornwall
TR20 8LD





REGISTERED NUMBER: 08629381 (England and Wales)





ACCOUNTANTS: TC Group
The Old Carriage Works
Moresk Road
Truro
Cornwall
TR1 1DG

THE REAL CORNISH CRAB COMPANY LIMITED (REGISTERED NUMBER: 08629381)

BALANCE SHEET
31ST MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 15,096 17,612
Tangible assets 5 714,227 750,678
729,323 768,290

CURRENT ASSETS
Stocks 17,004 258,544
Debtors 6 506,103 531,698
Cash at bank and in hand 32,964 18,345
556,071 808,587
CREDITORS
Amounts falling due within one year 7 161,553 423,359
NET CURRENT ASSETS 394,518 385,228
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,123,841

1,153,518

CREDITORS
Amounts falling due after more than one
year

8

(183,442

)

(196,774

)

PROVISIONS FOR LIABILITIES (52,032 ) (56,346 )
NET ASSETS 888,367 900,398

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 888,365 900,396
SHAREHOLDERS' FUNDS 888,367 900,398

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31st March 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31st March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

THE REAL CORNISH CRAB COMPANY LIMITED (REGISTERED NUMBER: 08629381)

BALANCE SHEET - continued
31ST MARCH 2024


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 Profit and Loss has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2nd December 2024 and were signed on its behalf by:





Mrs E L Rowse - Director


THE REAL CORNISH CRAB COMPANY LIMITED (REGISTERED NUMBER: 08629381)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1ST JULY 2023 TO 31ST MARCH 2024

1. STATUTORY INFORMATION

The Real Cornish Crab Company 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.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Licences are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit and Loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 21 (2023 - 25 ) .

THE REAL CORNISH CRAB COMPANY LIMITED (REGISTERED NUMBER: 08629381)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1ST JULY 2023 TO 31ST MARCH 2024

4. INTANGIBLE FIXED ASSETS
Licences
£   
COST
At 1st July 2023
and 31st March 2024 25,160
AMORTISATION
At 1st July 2023 7,548
Amortisation for period 2,516
At 31st March 2024 10,064
NET BOOK VALUE
At 31st March 2024 15,096
At 30th June 2023 17,612

5. TANGIBLE FIXED ASSETS
Freehold Leasehold Plant and
property improvements Boats machinery
£    £    £    £   
COST
At 1st July 2023 534,267 10,831 99,683 356,440
Additions - - - 13,816
Disposals - - - -
At 31st March 2024 534,267 10,831 99,683 370,256
DEPRECIATION
At 1st July 2023 61,835 - 31,898 194,915
Charge for period 10,686 - 5,981 44,985
Eliminated on disposal - - - -
At 31st March 2024 72,521 - 37,879 239,900
NET BOOK VALUE
At 31st March 2024 461,746 10,831 61,804 130,356
At 30th June 2023 472,432 10,831 67,785 161,525

THE REAL CORNISH CRAB COMPANY LIMITED (REGISTERED NUMBER: 08629381)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1ST JULY 2023 TO 31ST MARCH 2024

5. TANGIBLE FIXED ASSETS - continued

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1st July 2023 12,041 73,277 10,540 1,097,079
Additions - 30,255 - 44,071
Disposals - (16,025 ) - (16,025 )
At 31st March 2024 12,041 87,507 10,540 1,125,125
DEPRECIATION
At 1st July 2023 10,931 36,719 10,103 346,401
Charge for period 277 11,856 327 74,112
Eliminated on disposal - (9,615 ) - (9,615 )
At 31st March 2024 11,208 38,960 10,430 410,898
NET BOOK VALUE
At 31st March 2024 833 48,547 110 714,227
At 30th June 2023 1,110 36,558 437 750,678

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 454,962 474,634
Directors' current accounts 36,330 4,030
Tax - 39,861
VAT 12,354 7,857
Prepayments 2,457 5,316
506,103 531,698

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 18,551 24,104
Trade creditors 94,359 253,969
Tax - 50,407
Social security and other taxes 9,378 16,245
Other creditors 31,017 69,887
Accrued expenses 8,248 8,747
161,553 423,359

THE REAL CORNISH CRAB COMPANY LIMITED (REGISTERED NUMBER: 08629381)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1ST JULY 2023 TO 31ST MARCH 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 35,603 48,208
Bank loans - 2-5 years 147,839 148,566
183,442 196,774

9. RELATED PARTY DISCLOSURES

During the period the company paid Rowse Fishing Limited, of which Mr M Rowse and Mrs E Rowse are also directors and shareholders, £1,624,385 (June 2023:: £2,437,182) for shellfish..

As at 31 March 2024 the company owed Rowse Fishing Limited £31,017 (June 2023: 69,887) in respect of an inter company loan which is interest free and repayable on demand.

10. CONTROL

The company was controlled throughout the current and previous period by it's directors, Mr M Rowse and Mrs E Rowse, who between them owned 100% of the issued share capital of the company.