27 01/02/2023 31/01/2024 2024-01-31 false false false false false false false true false false true false false false false false true false No description of principal activities is disclosed 2023-02-01 Sage Accounts Production 23.0 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 04537143 2023-02-01 2024-01-31 04537143 2024-01-31 04537143 2023-01-31 04537143 2022-02-01 2023-01-31 04537143 2023-01-31 04537143 2022-01-31 04537143 core:NetGoodwill 2023-02-01 2024-01-31 04537143 bus:RegisteredOffice 2023-02-01 2024-01-31 04537143 bus:LeadAgentIfApplicable 2023-02-01 2024-01-31 04537143 bus:Director1 2023-02-01 2024-01-31 04537143 bus:Director2 2023-02-01 2024-01-31 04537143 core:NetGoodwill 2024-01-31 04537143 core:LandBuildings core:ShortLeaseholdAssets 2023-01-31 04537143 core:FurnitureFittingsToolsEquipment 2023-01-31 04537143 core:MotorVehicles 2023-01-31 04537143 core:LandBuildings core:ShortLeaseholdAssets 2024-01-31 04537143 core:FurnitureFittingsToolsEquipment 2024-01-31 04537143 core:MotorVehicles 2024-01-31 04537143 core:WithinOneYear 2024-01-31 04537143 core:WithinOneYear 2023-01-31 04537143 core:AfterOneYear 2024-01-31 04537143 core:AfterOneYear 2023-01-31 04537143 core:ShareCapital 2024-01-31 04537143 core:ShareCapital 2023-01-31 04537143 core:RetainedEarningsAccumulatedLosses 2024-01-31 04537143 core:RetainedEarningsAccumulatedLosses 2023-01-31 04537143 core:LandBuildings core:ShortLeaseholdAssets 2023-02-01 2024-01-31 04537143 core:FurnitureFittingsToolsEquipment 2023-02-01 2024-01-31 04537143 core:MotorVehicles 2023-02-01 2024-01-31 04537143 core:NetGoodwill 2023-01-31 04537143 core:LandBuildings core:ShortLeaseholdAssets 2023-01-31 04537143 core:FurnitureFittingsToolsEquipment 2023-01-31 04537143 core:MotorVehicles 2023-01-31 04537143 bus:SmallEntities 2023-02-01 2024-01-31 04537143 bus:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 04537143 bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 04537143 bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 04537143 bus:FullAccounts 2023-02-01 2024-01-31 04537143 core:WithinOneYear 2023-02-01 2024-01-31
Company registration number: 04537143
Gone Fish Inns Ltd
Unaudited filleted financial statements
31 January 2024
Gone Fish Inns Ltd
Contents
Directors and other information
Accountants report
Statement of financial position
Notes to the financial statements
Gone Fish Inns Ltd
Directors and other information
Directors Mr M Fisher
Mr P Mann
Company number 04537143
Registered office Vaughan Chambers
Vaughan Road
Harpenden
Hertfordshire
AL5 4EE
Accountants Hicks and Company
Chartered Accountants
Vaughan Chambers
Vaughan Road
Harpenden
AL5 4EE
Gone Fish Inns Ltd
Chartered accountants report to the board of directors on the preparation of the
unaudited statutory financial statements of Gone Fish Inns Ltd
Year ended 31 January 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Gone Fish Inns Ltd for the year ended 31 January 2024 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com /en/members/regulations-standards-and-guidance/.
This report is made solely to the board of directors of Gone Fish Inns Ltd, as a body, in accordance with the terms of our engagement letter dated 31 October 2023. Our work has been undertaken solely to prepare for your approval the financial statements of Gone Fish Inns Ltd and state those matters that we have agreed to state to the board of directors of Gone Fish Inns Ltd as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Gone Fish Inns Ltd and its board of directors as a body for our work or for this report.
It is your duty to ensure that Gone Fish Inns Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Gone Fish Inns Ltd. You consider that Gone Fish Inns Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Gone Fish Inns Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Hicks and Company
Chartered Accountants
Vaughan Chambers
Vaughan Road
Harpenden
AL5 4EE
29 January 2025
Gone Fish Inns Ltd
Statement of financial position
31 January 2024
2024 2023
Note £ £ £ £
Fixed assets
Intangible assets 5 1 1
Tangible assets 6 28,948 37,404
_______ _______
28,949 37,405
Current assets
Stocks 13,318 8,128
Debtors 7 16,920 10,753
Cash at bank and in hand 12,182 22,333
_______ _______
42,420 41,214
Creditors: amounts falling due
within one year 8 ( 94,885) ( 91,280)
_______ _______
Net current liabilities ( 52,465) ( 50,066)
_______ _______
Total assets less current liabilities ( 23,516) ( 12,661)
Creditors: amounts falling due
after more than one year 9 ( 25,107) ( 35,628)
_______ _______
Net liabilities ( 48,623) ( 48,289)
_______ _______
Capital and reserves
Called up share capital 200 200
Profit and loss account ( 48,823) ( 48,489)
_______ _______
Shareholders deficit ( 48,623) ( 48,289)
_______ _______
For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- 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;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 29 January 2025 , and are signed on behalf of the board by:
Mr P Mann
Director
Company registration number: 04537143
Gone Fish Inns Ltd
Notes to the financial statements
Year ended 31 January 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Vaughan Chambers, Vaughan Road, Harpenden, Hertfordshire, AL5 4EE.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The accounts have been prepared on a going concern basis which assumes the continued support of other group companies.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Goodwill
Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill - Straight line over 5 years
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Short leasehold property - Straight line over the life of the initial lease term
Fittings fixtures and equipment - 25% Reducing balance
Motor vehicles - Straight line over 4 years
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 27 (2023: 24 ).
5. Intangible assets
Goodwill Total
£ £
Cost
At 1 February 2023 and 31 January 2024 38,000 38,000
_______ _______
Amortisation
At 1 February 2023 and 31 January 2024 37,999 37,999
_______ _______
Carrying amount
At 31 January 2024 1 1
_______ _______
At 31 January 2023 1 1
_______ _______
6. Tangible assets
Short leasehold property Fixtures, fittings and equipment Motor vehicles Total
£ £ £ £
Cost
At 1 February 2023 14,608 166,053 7,600 188,261
Additions - 1,113 - 1,113
_______ _______ _______ _______
At 31 January 2024 14,608 167,166 7,600 189,374
_______ _______ _______ _______
Depreciation
At 1 February 2023 14,607 128,651 7,599 150,857
Charge for the year - 9,569 - 9,569
_______ _______ _______ _______
At 31 January 2024 14,607 138,220 7,599 160,426
_______ _______ _______ _______
Carrying amount
At 31 January 2024 1 28,946 1 28,948
_______ _______ _______ _______
At 31 January 2023 1 37,402 1 37,404
_______ _______ _______ _______
7. Debtors
2024 2023
£ £
Amounts owed by group undertakings and undertakings in which the company has a participating interest 6,167 -
Other debtors 10,753 10,753
_______ _______
16,920 10,753
_______ _______
Details of the amounts owed by group companies are given in Note 10 Related party transactions.
8. Creditors: amounts falling due within one year
2024 2023
£ £
Bank loans and overdrafts 10,521 9,712
Trade creditors 4,312 5,051
Amounts owed to group undertakings and undertakings in which the company has a participating interest 25,693 -
Social security and other taxes 24,935 26,330
Other creditors 29,424 50,187
_______ _______
94,885 91,280
_______ _______
Details of the amounts owed to group companies are given in Note 10 Related party transactions.
9. Creditors: amounts falling due after more than one year
2024 2023
£ £
Bank loans and overdrafts 25,107 35,628
_______ _______
10. Related party transactions
Gone Fish Inns Ltd , Beehive Pub Co and Roe and Crown Welwyn Ltd because subsidaries of Fishermann Pubs Ltd on 1 June 2023. Prior to that date, the companies were under common control due to Michael Fisher and Peter Mann being controlling shareholders of all four companies.During the year Fishermann Pubs Ltd provided management services to Gone Fish Inns Ltd with a value of £41,994 (2023: £32,597).The amount due from Gone Fish Inns Ltd to Fishermann Pubs Ltd at 31 January 2024 was £12,500 (2023: £12,500).At 31 January 2024 Gone Fish Inns Ltd also owed £13,193 (2023: £13,193) to Beehive Pub Co Ltd and was owed £6,167 (2023: £nil) by Rose and Crown Welwyn Ltd.