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Crabhouse Limited

Annual Report and Unaudited Financial Statements
Year Ended 31 January 2025

Registration number: 07532562

 

Crabhouse Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 9

 

Crabhouse Limited

Balance Sheet

31 January 2025

Note

2025
£

2024
£

Fixed assets

 

Tangible assets

5

164,362

175,365

Current assets

 

Stocks

28,169

12,000

Debtors

6

107,347

179,217

Cash at bank and in hand

 

295,088

216,840

 

430,604

408,057

Creditors: Amounts falling due within one year

7

(271,100)

(235,998)

Net current assets

 

159,504

172,059

Total assets less current liabilities

 

323,866

347,424

Creditors: Amounts falling due after more than one year

7

(31,904)

(72,147)

Provisions for liabilities

(27,000)

(27,000)

Net assets

 

264,962

248,277

Capital and reserves

 

Called up share capital

9

100

100

Profit and loss account

264,862

248,177

Shareholders' funds

 

264,962

248,277

 

Crabhouse Limited

Balance Sheet

31 January 2025

For the financial year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 16 April 2025
 

.........................................
Mr C Bloxham
Director

Company Registration Number: 07532562

 

Crabhouse Limited

Notes to the Unaudited Financial Statements

Year Ended 31 January 2025

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Sigma House
Oak View Close
Edginswell Park
Torquay
Devon
TQ2 7FF

The principal place of business is:
Crab House Cafe
Ferrymans Way
Portland Road
Wyke Regis
Dorset
DT4 9YU

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis, which assumes that the company will continue in operational existence for the foreseeable future. This depends on the continued financial support of the company's directors.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

Tax

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Crabhouse Limited

Notes to the Unaudited Financial Statements

Year Ended 31 January 2025

Deferred tax is recognised on all timing differences at the balance sheet date unless indicated below. Timing differences are differences between taxable profits and the results as stated in the profit and loss account and other comprehensive income. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Leasehold Property

2%, 25% and 10% straight line

Plant and Machinery

20% straight line

Fixtures and Fittings

20% straight line

Motor Vehicles

20% reducing balance

Office Equipment

20% straight line

Goodwill

Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

20% straight line

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

 

Crabhouse Limited

Notes to the Unaudited Financial Statements

Year Ended 31 January 2025

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the Balance Sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the Profit and Loss Account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Assets held under hire purchase agreements are capitalised and disclosed under tangible fixed assets at their fair value. The capital element of the future payments is treated as a liability and the interest is charged to the profit and loss account on a straight line basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

 

Crabhouse Limited

Notes to the Unaudited Financial Statements

Year Ended 31 January 2025

Financial instruments

Classification
The company holds the following financial instruments:

• Short term trade and other debtors and creditors;
• Bank loans, hire purchase liabilities; and
• Cash and bank balances

All financial instruments are classified as basic.

 Recognition and measurement
The company has chosen to apply the recognition and measurement principles in FRS102.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.

Basic financial assets comprise short term trade and other debtors and cash and bank balances. Basic financial liabilities comprise short term trade and other creditors.

Except for bank loans and hire purchase liabilities, such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.

Bank loans and hire purchase liabilities are initially measured at transaction price, including transaction costs, and are subsequently carried at amortised cost using the effective interest method.


 

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 43 (2024 - 41).

 

Crabhouse Limited

Notes to the Unaudited Financial Statements

Year Ended 31 January 2025

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 February 2024

200,000

200,000

At 31 January 2025

200,000

200,000

Amortisation

At 1 February 2024

200,000

200,000

At 31 January 2025

200,000

200,000

Carrying amount

At 31 January 2025

-

-

5

Tangible assets

Leasehold Property
£

Motor vehicles
 £

Fixtures, fittings and equipment
£

Total
£

Cost or valuation

At 1 February 2024

145,519

57,493

578,385

781,397

Additions

-

19,770

33,534

53,304

At 31 January 2025

145,519

77,263

611,919

834,701

Depreciation

At 1 February 2024

101,392

33,670

470,970

606,032

Charge for the year

7,996

8,718

47,593

64,307

At 31 January 2025

109,388

42,388

518,563

670,339

Carrying amount

At 31 January 2025

36,131

34,875

93,356

164,362

At 31 January 2024

44,127

23,823

107,415

175,365

 

Crabhouse Limited

Notes to the Unaudited Financial Statements

Year Ended 31 January 2025

6

Debtors

Note

2025
£

2024
£

Trade debtors

 

1,581

2,063

Amounts owed by group undertakings and undertakings in which the company has a participating interest

11

94,325

-

Prepayments

 

9,383

6,488

Other debtors

 

2,058

170,666

 

107,347

179,217

7

Creditors

Creditors: amounts falling due within one year

Note

2025
£

2024
£

Due within one year

 

Loans and borrowings

8

57,815

57,880

Trade creditors

 

8,118

18,619

Taxation and social security

 

43,277

36,401

Other creditors

 

126,570

88,817

Accruals and deferred income

 

35,320

34,281

 

271,100

235,998

8

Loans and borrowings

2025
£

2024
£

Non-current loans and borrowings

Bank borrowings

20,833

70,833

Hire purchase liabilities

11,071

1,314

31,904

72,147

2025
£

2024
£

Current loans and borrowings

Bank borrowings

50,000

50,000

Hire purchase contracts

7,815

7,880

57,815

57,880

 

Crabhouse Limited

Notes to the Unaudited Financial Statements

Year Ended 31 January 2025

Bank borrowings

Coronavirus Business Interruption Loan is denominated in Sterling with a nominal interest rate of 4.21% in excess of the Bank of England base rate, and the final instalment is due on 30 June 2026. The carrying amount at year end is £70,833 (2024 - £120,833).

No assets have been pledged as security as the loan is government-backed. The first twelve months of interest payments was covered by the UK Government.

Hire Purchase
Security is given on the company's Hire Purchase Liabilities by a charge held over the company's assets under Hire Purchase.

9

Share capital

Allotted, called up and fully paid shares

2025

2024

No.

£

No.

£

Ordinary A shares of £1 each

51

51

51

51

Ordinary B shares of £1 each

25

25

25

25

Ordinary C shares of £1 each

24

24

24

24

100

100

100

100

10

Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £72,925 (2024 - £84,390). These are non-cancellable operating leases in respect of property and equipment.

11

Related party transactions

Directors Guarantees
A director has given personal guarantees to the company's bankers in respect of the overdraft facilities. This director has also given personal guarantees in respect of the premises that the company operates from.