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REGISTERED NUMBER: 03036776 (England and Wales)












TIMSBURY FISHERY LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024






TIMSBURY FISHERY LIMITED (REGISTERED NUMBER: 03036776)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TIMSBURY FISHERY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: J H Durrant
T D W Jenner
M L Armitstead





REGISTERED OFFICE: Highland House
Mayflower Close
Chandlers Ford
Eastleigh
Hampshire
SO53 4AR





BUSINESS ADDRESS: Timsbury Manor Farm Stables
Manor Lane
Timsbury
Romsey
Hampshire
SO51 0NE





REGISTERED NUMBER: 03036776 (England and Wales)

TIMSBURY FISHERY LIMITED (REGISTERED NUMBER: 03036776)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £ £
FIXED ASSETS
Tangible assets 4 166,296 146,430

CURRENT ASSETS
Debtors 5 - 106,045
Cash at bank 70,270 105,752
70,270 211,797
CREDITORS
Amounts falling due within one year 6 (10,704 ) (141,780 )
NET CURRENT ASSETS 59,566 70,017
TOTAL ASSETS LESS CURRENT
LIABILITIES

225,862

216,447

CAPITAL AND RESERVES
Called up share capital 56,000 56,000
Share premium 7 3,688 3,688
Capital reserve 7 47,107 49,696
Retained earnings 7 119,067 107,063
SHAREHOLDERS' FUNDS 225,862 216,447

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

TIMSBURY FISHERY LIMITED (REGISTERED NUMBER: 03036776)

BALANCE SHEET - continued
31 DECEMBER 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 5 June 2025 and were signed on its behalf by:





J H Durrant - Director


TIMSBURY FISHERY LIMITED (REGISTERED NUMBER: 03036776)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024


1. STATUTORY INFORMATION

Timsbury Fishery 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with FRS102 "The Financial Reporting Standards applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The disclosure requirements of section 1A of FRS102 have been applied other than where additional disclosure Is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention, modified to include certain financial instruments at fair value. The principal accounting policies adopted are set out below.

Turnover
The turnover shown in the profit and loss account represents annual subscriptions and joining fees receivable from shareholders.

Annual subscriptions are recognised over the period to which they relate. As the subscriptions fall due during the financial year, a deferred income adjustment has been incorporated to pro-rate the income receivable so it is recognised on an accruals basis.

Joining fees are recognised in full when they become due.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Freehold land - not provided
Freehold improvements - Straight line over 5 years
Fishermans Hut - 4% Straight line
Plant & machinery - 25% Reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset and is recognised in the income statement.

TIMSBURY FISHERY LIMITED (REGISTERED NUMBER: 03036776)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


2. ACCOUNTING POLICIES - continued

Financial assets
The Company has elected to apply the provision of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial assets are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

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

Financial liabilities
Basic financial liabilities which include trade and other payables, are initially measured at transaction price and subsequently measured at amortised cost, unless the arrangement constitutes a financing transaction where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Equity instruments
Equity instruments issued by the company are recorded at the fair value of the proceeds received net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

Pension costs
The company operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the company. The annual contributions payable are charged to the profit and loss account.

3. EMPLOYEES AND DIRECTORS

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

TIMSBURY FISHERY LIMITED (REGISTERED NUMBER: 03036776)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


4. TANGIBLE FIXED ASSETS
Freehold Freehold Fishermans Plant &
land improvements Hut machinery Totals
£ £ £ £ £
COST
At 1 January 2024 59,632 86,905 100,632 16,132 263,301
Additions - 32,987 - - 32,987
At 31 December 2024 59,632 119,892 100,632 16,132 296,288
DEPRECIATION
At 1 January 2024 - 80,752 23,341 12,778 116,871
Charge for year - 8,259 4,024 838 13,121
At 31 December 2024 - 89,011 27,365 13,616 129,992
NET BOOK VALUE
At 31 December 2024 59,632 30,881 73,267 2,516 166,296
At 31 December 2023 59,632 6,153 77,291 3,354 146,430

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors - 106,045

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Tax 352 226
Social security and other taxes 1,947 1,793
Accruals and deferred income 8,405 139,761
10,704 141,780

TIMSBURY FISHERY LIMITED (REGISTERED NUMBER: 03036776)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


7. RESERVES

Capital Reserve

The capital reserve represents donations and contributions from members in respect of the construction of the new Fishermans Hut that was completed during the year.

As at 31 December 2019 the company had received £44,800 from members and two individual members donations of £10,000 each. In total member contributions and donations were £64,800. No further contributions are due after 31 December 2019.

The total costs of the Fishermans Hut was £100,632 including the improvements to the car park.

The capital reserve will be released to retained earnings over the estimated useful life of the Fishermans Hut which is 25 years.