Registered number
01120835
Denby Trawlers Limited
Unaudited Filleted Accounts
30 September 2024
Denby Trawlers Limited
Registered number: 01120835
Balance Sheet
as at 30 September 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 - 271,596
Investments 4 171,003 171,003
171,003 442,599
Current assets
Work in progress 313,084 238,084
Debtors 5 214,730 180,625
Investments held as current assets 6 1,047,152 838,167
Cash at bank and in hand 76,570 74,345
1,651,536 1,331,221
Creditors: amounts falling due within one year 7 (5,699) (52,682)
Net current assets 1,645,837 1,278,539
Net assets 1,816,840 1,721,138
Capital and reserves
Called up share capital 2,000 2,000
Profit and loss account 1,814,840 1,719,138
Shareholders' funds 1,816,840 1,721,138
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
P Bojen
Director
Approved by the board on 21 May 2025
Denby Trawlers Limited
Notes to the Accounts
for the year ended 30 September 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). The reporting currency is Pounds Sterling (GBP) and all figures are rounded to the nearest £1.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings / investment properties not depreciated
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Stocks and work in progress
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
The above excludes non-remunerated directors: 2 2
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 October 2023 271,596
Disposals (271,596)
At 30 September 2024 -
Depreciation
At 30 September 2024 -
Net book value
At 30 September 2024 -
At 30 September 2023 271,596
4 Investments
Investments in
subsidiary
undertakings
£
Cost
At 1 October 2023 171,003
At 30 September 2024 171,003
The company holds the following direct investments in group and participating interests, all of which are registered in the United Kingdom:
Name Class of share held Proportion of share capital held by the company Reporting date of subsidiary Aggregate capital and reserves at latest reporting date (£)
J.B.A. (Fish Sales) Limited Ordinary shares of £1 each 96% 31/12/2024 794,571
Higgins Builders Limited Ordinary shares of £1 each 51% 31/07/2024 (127,865)
5 Debtors 2024 2023
£ £
Amounts owed by group undertakings and undertakings in which the company has a participating interest 150,000 150,000
Other debtors 64,730 30,625
214,730 180,625
6 Investments held as current assets 2024 2023
£ £
Fair value
Listed investments 1,047,152 838,167
Increase/(decrease) in fair value included in the profit and loss account for the financial year
Listed investments 38,724 56,839
7 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors - 11
Taxation and social security costs 2,799 45,691
Other creditors 2,900 6,980
5,699 52,682
8 Share Capital 2024 2023
Authorised £ £
2,000 Ordinary shares of £1 each 2,000 2,000
Allotted called up and fully paid
Ordinary shares of £1 each
Number Number
Number 2,000 2,000
£ £
Nominal value 2,000 2,000
9 Controlling party
The company is owned and controlled by the directors as a body. There is no single controlling party.
10 Other information
Denby Trawlers Limited is a private company limited by shares and incorporated in England. Its registered office is:
31 St Mary's Lane
Louth
Lincolnshire
LN11 0DU
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