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REGISTERED NUMBER: 00426820 (England and Wales)















BERNARD'S FISHERIES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024






BERNARD'S FISHERIES LIMITED (REGISTERED NUMBER: 00426820)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BERNARD'S FISHERIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: Miss S Drake
Ms K Thompson





REGISTERED OFFICE: 97 Low Petergate
York
YO1 7HY





REGISTERED NUMBER: 00426820 (England and Wales)





ACCOUNTANTS: DSC
Chartered Accountants
Tattersall House
East Parade
Harrogate
North Yorkshire
HG1 5LT

BERNARD'S FISHERIES LIMITED (REGISTERED NUMBER: 00426820)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 877,095 807,434

CURRENT ASSETS
Stocks 13,000 10,000
Debtors 5 37,092 15,441
Cash at bank and in hand 77,840 95,395
127,932 120,836
CREDITORS
Amounts falling due within one year 6 336,329 451,014
NET CURRENT LIABILITIES (208,397 ) (330,178 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

668,698

477,256

PROVISIONS FOR LIABILITIES 40,167 18,522
NET ASSETS 628,531 458,734

CAPITAL AND RESERVES
Called up share capital 6,016 6,016
Non distributable reserves 7 227,484 227,484
Retained earnings 395,031 225,234
628,531 458,734

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

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

BERNARD'S FISHERIES LIMITED (REGISTERED NUMBER: 00426820)

BALANCE SHEET - continued
30 JUNE 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 4 March 2025 and were signed on its behalf by:





Miss S Drake - Director


BERNARD'S FISHERIES LIMITED (REGISTERED NUMBER: 00426820)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1. STATUTORY INFORMATION

Bernard's Fisheries 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.

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 year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 year 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.

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.

BERNARD'S FISHERIES LIMITED (REGISTERED NUMBER: 00426820)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

2. ACCOUNTING POLICIES - continued

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:

Freehold Property - 2% on cost
Fixtures & Fittings - 15% reducing balance
Motor Vehicles - 25% reducing balance
Computer Equipment - 25% straight line

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 26 (2023 - 23 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 July 2023 845,449 157,349 1,002,798
Additions - 99,244 99,244
At 30 June 2024 845,449 256,593 1,102,042
DEPRECIATION
At 1 July 2023 112,817 82,547 195,364
Charge for year 16,909 12,674 29,583
At 30 June 2024 129,726 95,221 224,947
NET BOOK VALUE
At 30 June 2024 715,723 161,372 877,095
At 30 June 2023 732,632 74,802 807,434

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 202
Other debtors 37,092 15,239
37,092 15,441

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 22,184 41,369
Amounts owed to group undertakings 206,162 296,162
Taxation and social security 76,258 51,451
Other creditors 31,725 62,032
336,329 451,014

BERNARD'S FISHERIES LIMITED (REGISTERED NUMBER: 00426820)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

7. RESERVES
Non
distributable
reserves
£   
At 1 July 2023
and 30 June 2024 227,484

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

2024 2023
£    £   
Miss S Drake
Balance outstanding at start of year - -
Amounts advanced 11,310 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 11,310 -

9. RELATED PARTY DISCLOSURES

During the year the company entered into the following transactions with related parties:

Transaction Value Balance owed by/(owed to )
2024 2023 2024 2023
£ £ £ £
Franchise fee payable to parent company - 135,000 (206,162 ) (296,162 )

10. ULTIMATE CONTROLLING PARTY

The controlling party is Miss S Drake.

The company's ultimate parent undertaking is Hauraki Holdings Limited, a company incorporated in Jersey.