REGISTERED NUMBER: 09203292 (England and Wales)

Kast Fisheries Limited

Unaudited Financial Statements

for the Year Ended 30 September 2024

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

S J Stride

Mrs K F Holbrook

REGISTERED OFFICE:

Unit 1, Goat Lees

Trinity Road

Ashford

Kent

TN25 4AB

BUSINESS ADDRESS:

Hookstead

Steeds Lane

Kingsnorth

Ashford

Kent

TN26 1NH

REGISTERED NUMBER:

09203292 (England and Wales)

ACCOUNTANTS:

Edwards & Co

Chartered Accountants

Unit 1, Goat Lees

Trinity Road

Ashford

Kent

TN25 4AB

FIXED ASSETS

Tangible assets

4

100,084

100,763

CURRENT ASSETS

Inventories

189,000

189,000

Debtors

5

634

537

Cash at bank

2,465

5,074

192,099

194,611

CREDITORS

Amounts falling due within one year

6

433,343

407,302

NET CURRENT LIABILITIES

(241,244

)

(212,691

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(141,160

)

(111,928

)

CREDITORS

Amounts falling due after more than one year

7

3,369

7,320

NET LIABILITIES

(144,529

)

(119,248

)

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

(144,531

)

(119,250

)

SHAREHOLDERS' FUNDS

(144,529

)

(119,248

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

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 16 June 2025 and were signed on its behalf by:

Mrs K F Holbrook - Director

1.	STATUTORY INFORMATION

Kast Fisheries 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

At the year end the company had net liabilities of £146,102. Included within creditors is an amount of £426,274 owed to the directors. The company is dependent on the financial support from the directors, who have continued to provide this support since the year end. The directors have confirmed that this amount will not be withdrawn until there are sufficient funds to do so.

Income recognition

Turnover represents the fair value of consideration received from the granting of rights to fish for a definable period to customers during the year (excluding value added tax) and is recognised when the company becomes entitled to it, usually on the rendering of an invoice.

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.

Land and buildings

-

not provided

Plant and machinery etc

-

33% on cost

Inventories

The inventory value of fish is based on the directors knowledge and experience, no provision is made in respect for lost fish as the fish population is healthy and breeding.

Financial instruments

The Company enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from related parties.

Basic financial instruments are recognised at amortised cost with changes recognised in profit or loss.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Going concern

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 October 2023

and 30 September 2024

100,000

38,953

138,953

DEPRECIATION

At 1 October 2023

-

38,190

38,190

Charge for year

-

679

679

At 30 September 2024

-

38,869

38,869

NET BOOK VALUE

At 30 September 2024

100,000

84

100,084

At 30 September 2023

100,000

763

100,763

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Other debtors

634

537

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

3,951

3,853

Other creditors

429,392

403,449

433,343

407,302

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

3,369

7,320