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REGISTERED NUMBER: 09380865 (England and Wales)








































The Potted Lobster Ltd

Unaudited Financial Statements

for the Year Ended 31st January 2025






The Potted Lobster Ltd (Registered number: 09380865)






Contents of the Financial Statements
for the year ended 31st January 2025




Page

Company information 1

Balance sheet 2 to 3

Notes to the financial statements 4 to 7


The Potted Lobster Ltd

Company Information
for the year ended 31st January 2025







Directors: R N Sim
T A A Leslie





Registered office: Halidon House
17D Windmill Way West
Ramparts Business Park
Berwick Upon Tweed
Northumberland
TD15 1TB





Registered number: 09380865 (England and Wales)





Accountants: Rennie Welch LLP
Academy House
Shedden Park Road
Kelso
Roxburghshire
TD5 7AL

The Potted Lobster Ltd (Registered number: 09380865)

Balance Sheet
31st January 2025

2025 2024
Notes £    £    £    £   
Fixed assets
Tangible assets 4 97,165 99,364

Current assets
Stocks 19,670 20,216
Debtors 5 393,702 428,230
Cash at bank and in hand 89,322 309,601
502,694 758,047
Creditors
Amounts falling due within one year 6 211,365 310,836
Net current assets 291,329 447,211
Total assets less current liabilities 388,494 546,575

Provisions for liabilities 22,551 22,147
Net assets 365,943 524,428

Capital and reserves
Called up share capital 200 200
Retained earnings 365,743 524,228
365,943 524,428

The Potted Lobster Ltd (Registered number: 09380865)

Balance Sheet - continued
31st January 2025


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 2025 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.

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 Statement of income and retained earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11th June 2025 and were signed on its behalf by:




R N Sim - Director



T A A Leslie - Director


The Potted Lobster Ltd (Registered number: 09380865)

Notes to the Financial Statements
for the year ended 31st January 2025

1. Statutory information

The Potted Lobster Ltd 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 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 represents the total invoice value, excluding value added tax, of sales invoiced during the year, or the fair value of services provided for amounts not invoiced at the year end.

Turnover arising from the sale of goods is recognised when the significant risks and rewards of ownership have passed to the buyer. Turnover arising from the provision of services is recognised as contract activity progresses and the right to consideration is earned.

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.
Property improvements - 10% on cost
Equipment - 25% on reducing balance and 20% on cost
Motor vehicles - 25% on reducing balance

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.

Stocks
Stock is valued at the lower of cost and estimated selling price less costs to sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of completion.

Financial instruments
The following assets and liabilities are classified as financial instruments - trade debtors, trade creditors, accruals, other loans and directors' loans.

Directors' loans (being repayable on demand), other loans, trade debtors, trade creditors and accruals are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Income and Retained Earnings.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


The Potted Lobster Ltd (Registered number: 09380865)

Notes to the Financial Statements - continued
for the year ended 31st January 2025

2. Accounting policies - continued
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.

Provisions
Provisions are set up only where it is probable that a present obligation exists as a result of an event prior to the balance sheet date and that a payment will be required in settlement that can be estimated reliably. Where material, provisions are calculated on a discounted basis.

Employee benefits
Short term employee benefits, including holiday pay, are recognised as an expense in the Statement of Income and Retained Earnings in the period in which they are incurred.

Group accounts
The company is entitled to the exemption under Section 398 of the Companies Act 2006 from the obligation to prepare group accounts.

Going concern
The directors have considered the company's financial position for a minimum period of 12 months and beyond from the date of signing these financial statements and have an expectation that the company should be in a position to continue trading in the current format for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing these financial statements.

3. Employees and directors

The average number of employees during the year was 23 (2024 - 22 ) .

The Potted Lobster Ltd (Registered number: 09380865)

Notes to the Financial Statements - continued
for the year ended 31st January 2025

4. Tangible fixed assets
Property Motor
improvements Equipment vehicles Totals
£    £    £    £   
Cost
At 1st February 2024 93,938 120,810 24,500 239,248
Additions 11,512 7,589 - 19,101
At 31st January 2025 105,450 128,399 24,500 258,349
Depreciation
At 1st February 2024 38,848 82,672 18,364 139,884
Charge for year 10,545 9,221 1,534 21,300
At 31st January 2025 49,393 91,893 19,898 161,184
Net book value
At 31st January 2025 56,057 36,506 4,602 97,165
At 31st January 2024 55,090 38,138 6,136 99,364

5. Debtors
2025 2024
£    £   
Amounts falling due within one year:
Trade debtors 4,177 1,234
Other debtors 386,250 423,917
390,427 425,151

Amounts falling due after more than one year:
Other debtors 3,275 3,079

Aggregate amounts 393,702 428,230

6. Creditors: amounts falling due within one year
2025 2024
£    £   
Trade creditors 68,465 62,469
Taxation and social security 85,817 176,091
Other creditors 57,083 72,276
211,365 310,836

The Potted Lobster Ltd (Registered number: 09380865)

Notes to the Financial Statements - continued
for the year ended 31st January 2025

7. Related party disclosures

The Potted Lobster Limited is a fully owned subsidiary of Lobster Alta (Holdings) Limited. Lobster Alta (Holdings) Limited is a private company, limited by shares, registered in England and Wales.

At 31st January 2025 a loan of £25,016 (2024-£27,167) was outstanding payable by the company to Lobster Alta (Holdings) Limited.This loan is unsecured, interest free and repayable on demand.

At 31st January 2025 a loan of £345,179 (2024-£93,179) was outstanding payable to the company by Bertrams Warkworth Limited, a company in the same group as The Potted Lobster Limited.This loan is unsecured, interest free and repayable on demand.

At 31st January 2025 a loan of £Nil (2024-£298,223) was outstanding payable to the company by, The Whittling House a company in the same group as The Potted Lobster Limited.This loan is unsecured, interest free and repayable on demand.

8. Director's advances, credits and guarantees

The following advances and credits to a director subsisted during the years ended 31st January 2025 and 31st January 2024:


2025 2024
£ £
Director 1
Balance outstanding at start of year 7,968 48,420
Amounts advanced 21,464 25,588
Amounts repaid (20,886 ) (66,040 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 8,546 7,968


2025 2024
£ £
Director 2
Balance outstanding at start of year 1,218 157,207
Amounts advanced - 78,037
Amounts repaid - (234,026 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 1,218 1,218

These loans are unsecured and repayable on demand. No interest has been charged as the loans are below the HMRC reporting level.