Caseware UK (AP4) 2023.0.135 2023.0.135 2024-11-302024-11-30No description of principal activity2023-12-01The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.true88falsetrue 02116020 2023-12-01 2024-11-30 02116020 2022-12-01 2023-11-30 02116020 2024-11-30 02116020 2023-11-30 02116020 c:Director1 2023-12-01 2024-11-30 02116020 d:Buildings 2024-11-30 02116020 d:Buildings 2023-11-30 02116020 d:CurrentFinancialInstruments 2024-11-30 02116020 d:CurrentFinancialInstruments 2023-11-30 02116020 d:CurrentFinancialInstruments d:WithinOneYear 2024-11-30 02116020 d:CurrentFinancialInstruments d:WithinOneYear 2023-11-30 02116020 d:ShareCapital 2024-11-30 02116020 d:ShareCapital 2023-11-30 02116020 d:SharePremium 2024-11-30 02116020 d:SharePremium 2023-11-30 02116020 d:RetainedEarningsAccumulatedLosses 2024-11-30 02116020 d:RetainedEarningsAccumulatedLosses 2023-11-30 02116020 c:OrdinaryShareClass1 2023-12-01 2024-11-30 02116020 c:OrdinaryShareClass1 2024-11-30 02116020 c:OrdinaryShareClass1 2023-11-30 02116020 c:FRS102 2023-12-01 2024-11-30 02116020 c:AuditExempt-NoAccountantsReport 2023-12-01 2024-11-30 02116020 c:FullAccounts 2023-12-01 2024-11-30 02116020 c:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 02116020









THE ITHON FISHERY COMPANY LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 NOVEMBER 2024

 
THE ITHON FISHERY COMPANY LIMITED
REGISTERED NUMBER: 02116020

STATEMENT OF FINANCIAL POSITION
AS AT 30 NOVEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
60,000
60,000

Current assets
  

Cash at bank and in hand
 5 
12,331
12,354

Creditors: amounts falling due within one year
 6 
(5,151)
(5,174)

Net current assets
  
 
 
7,180
 
 
7,180

Total assets less current liabilities
  
67,180
67,180

  

Net assets
  
67,180
67,180


Capital and reserves
  

Called up share capital 
 7 
8
8

Share premium account
  
60,000
60,000

Profit and loss account
  
7,172
7,172

  
67,180
67,180


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 3 March 2025.

S F A Clark
Director

The notes on pages 2 to 4 form part of these financial statements.

Page 1

 
THE ITHON FISHERY COMPANY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

1.


General information

The Ithon Fishery Company Limited is a private company limited by shares and domiciled in England and Wales. The registered office is at 64 Ellerby Street, London SW6 6EZ.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

  
2.2

Turnover

The company operates as a mutual company for the benefit of the members, the turnover represents costs incurred recharged to the members. The company from time to time receives a fee on share sales which is retained for the benefit of the members.

  
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.
At each reporting date the company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.
The Company adds to the carrying amount of an item of fixed assets the cost of replacing part of such an item when that cost is incurred, if the replacement part is expected to provide incremental future benefits to the Company. The carrying amount of the replaced part is derecognised. Repairs and maintenance are charged to profit or loss during the period in which they are incurred. 
Land is not depreciated. 

 
2.4

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.5

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.6

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.
Page 2

 
THE ITHON FISHERY COMPANY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

2.Accounting policies (continued)


2.6
Financial instruments (continued)


The Company has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102.

Financial instruments are recognised in the Company's Statement of financial position when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.


3.


Employees




The average monthly number of employees, including directors, during the year was 8 (2023 - 8).

Page 3

 
THE ITHON FISHERY COMPANY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

4.


Tangible fixed assets





Freehold property

£



Cost 


At 1 December 2023
60,000



At 30 November 2024

60,000






Net book value



At 30 November 2024
60,000



At 30 November 2023
60,000


5.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
12,331
12,354



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Shareholders loans
4,156
4,239

Accruals and deferred income
995
935

5,151
5,174



7.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



8 (2023 - 8) Ordinary shares of £1.00 each
8
8


 
Page 4