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REGISTERED NUMBER: 01274115 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

SOUTHERN HEAD FISHING CO. LIMITED

SOUTHERN HEAD FISHING CO. LIMITED (REGISTERED NUMBER: 01274115)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 5

SOUTHERN HEAD FISHING CO. LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: S G Bradshaw
C L A Burke





REGISTERED OFFICE: Net Shop 6, Fishing Station
Royal Parade
Eastbourne
East Sussex
BN22 7LD





REGISTERED NUMBER: 01274115 (England and Wales)





ACCOUNTANTS: Ashdown Hurrey
Chartered Accountants & Business Advisers
28 Wilton Road
Bexhill on Sea
East Sussex
TN40 1EZ

SOUTHERN HEAD FISHING CO. LIMITED (REGISTERED NUMBER: 01274115)

BALANCE SHEET
30 JUNE 2024

30.6.24 30.6.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 29,457 29,659

CURRENT ASSETS
Stocks 35,000 30,000
Debtors 5 280,184 346,775
Cash at bank 42,025 174,737
357,209 551,512
CREDITORS
Amounts falling due within one year 6 389,609 546,360
NET CURRENT (LIABILITIES)/ASSETS (32,400 ) 5,152
TOTAL ASSETS LESS CURRENT
LIABILITIES

(2,943

)

34,811

PROVISIONS FOR LIABILITIES 5,635 5,635
NET (LIABILITIES)/ASSETS (8,578 ) 29,176

CAPITAL AND RESERVES
Called up share capital 1,500 1,500
Retained earnings (10,078 ) 27,676
(8,578 ) 29,176

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 18 June 2025 and were signed on its behalf by:



S G Bradshaw - Director



C L A Burke - Director


SOUTHERN HEAD FISHING CO. LIMITED (REGISTERED NUMBER: 01274115)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1. STATUTORY INFORMATION

Southern Head Fishing Co. 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 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.

The directors have made an assessment about the company's ability to continue as a going concern and they do not consider there to be any material uncertainties. As a result they have adopted the going concern basis of accounting.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - 15% on cost
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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

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.

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.

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.

SOUTHERN HEAD FISHING CO. LIMITED (REGISTERED NUMBER: 01274115)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 25 (2023 - 12 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 July 2023 12,500 288,759 301,259
Additions - 9,976 9,976
At 30 June 2024 12,500 298,735 311,235
DEPRECIATION
At 1 July 2023 12,500 259,100 271,600
Charge for year - 10,178 10,178
At 30 June 2024 12,500 269,278 281,778
NET BOOK VALUE
At 30 June 2024 - 29,457 29,457
At 30 June 2023 - 29,659 29,659

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 225,871 328,556
Other debtors 54,313 18,219
280,184 346,775

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade creditors 366,227 526,180
Taxation and social security 5,884 3,380
Other creditors 17,498 16,800
389,609 546,360

7. RELATED PARTY DISCLOSURES

As at the balance sheet date, a loan of £27,755 was given to Southern Head (Eastbourne) Ltd, there are no terms attached and the loan is repayable on demand.

Southern Head (Eastbourne) Ltd, owns the shares of Southern Head Fishing Co Ltd and has the same directors.

8. GOING CONCERN

Although liabilities exceed assets, the accounts have been prepared on a going concern basis as the company continues to have the support of the directors.

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
SOUTHERN HEAD FISHING CO. LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Southern Head Fishing Co. Limited for the year ended 30 June 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Southern Head Fishing Co. Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Southern Head Fishing Co. Limited and state those matters that we have agreed to state to the Board of Directors of Southern Head Fishing Co. Limited, as a body, in this report in accordance with icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Southern Head Fishing Co. Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Southern Head Fishing Co. Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Southern Head Fishing Co. Limited. You consider that Southern Head Fishing Co. Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Southern Head Fishing Co. Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Ashdown Hurrey
Chartered Accountants & Business Advisers
28 Wilton Road
Bexhill on Sea
East Sussex
TN40 1EZ


20 June 2025