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REGISTERED NUMBER: 00741315 (England and Wales)










Unaudited Financial Statements

for the Year Ended 30 November 2024

for

Faithful's Fisheries (Tropical) Limited

Faithful's Fisheries (Tropical) Limited (Registered number: 00741315)






Contents of the Financial Statements
for the Year Ended 30 November 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Faithful's Fisheries (Tropical) Limited

Company Information
for the Year Ended 30 November 2024







DIRECTORS: D J Faithful
Mrs R L Faithful
Miss A Faithful





SECRETARY: D J Faithful





REGISTERED OFFICE: The Old Barn
30 Back Lane
Heighington
Lincolnshire
LN4 1RH





REGISTERED NUMBER: 00741315 (England and Wales)





ACCOUNTANTS: Ward Mackenzie Ltd
Chartered Accountants
Thatcher House
12 Mount Ephraim
Tunbridge Wells
Kent
TN4 8AS

Faithful's Fisheries (Tropical) Limited (Registered number: 00741315)

Balance Sheet
30 November 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 1,881 489

CURRENT ASSETS
Debtors 5 30,137 40,278
Cash at bank 54,761 55,715
84,898 95,993
CREDITORS
Amounts falling due within one year 6 (6,114 ) (7,005 )
NET CURRENT ASSETS 78,784 88,988
TOTAL ASSETS LESS CURRENT
LIABILITIES

80,665

89,477

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 7 80,465 89,277
SHAREHOLDERS' FUNDS 80,665 89,477

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

Faithful's Fisheries (Tropical) Limited (Registered number: 00741315)

Balance Sheet - continued
30 November 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 March 2025 and were signed on its behalf by:





Miss A Faithful - Director


Faithful's Fisheries (Tropical) Limited (Registered number: 00741315)

Notes to the Financial Statements
for the Year Ended 30 November 2024

1. STATUTORY INFORMATION

Faithful's Fisheries (Tropical) 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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 - 33% on cost

DEFERRED TAX
Deferred tax is not recognised in respect of all timing differences that have originated but not reversed at the balance sheet date as these are considered immaterial.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

Faithful's Fisheries (Tropical) Limited (Registered number: 00741315)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2023 549
Additions 1,665
At 30 November 2024 2,214
DEPRECIATION
At 1 December 2023 60
Charge for year 273
At 30 November 2024 333
NET BOOK VALUE
At 30 November 2024 1,881
At 30 November 2023 489

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 30,137 38,897
Tax - 1,381
30,137 40,278

The directors consider the carrying value of trade and other receivables approximate to their fair values.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors - 143
VAT 1,155 2,179
Directors' current accounts 2,552 2,492
Accrued expenses 2,407 2,191
6,114 7,005

The directors consider the carrying amounts of current liabilities approximate to their fair values.

Faithful's Fisheries (Tropical) Limited (Registered number: 00741315)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

7. RESERVES
Retained
earnings
£   

At 1 December 2023 89,277
Deficit for the year (6,812 )
Dividends (2,000 )
At 30 November 2024 80,465

The Profit and loss account comprises all current and prior period retained profit and losses after deducting any distributions made to the company's shareholders. This is a distributable reserve.

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 November 2024 and 30 November 2023:

2024 2023
£    £   
Miss A Faithful
Balance outstanding at start of year (2,492 ) (2,432 )
Amounts repaid (60 ) (60 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (2,552 ) (2,492 )

9. RELATED PARTY NOTE

During the year, total dividends of £2,000 (2023 - £2,000) were paid to directors.