2 2 Fisherground Ltd 07377317 false 2024-01-31 2025-01-30 2025-01-30 The principal activity of the company is that of holiday lets. Digita Accounts Production Advanced 6.30.9574.0 true true true 07377317 2024-01-31 2025-01-30 07377317 2025-01-30 07377317 bus:OrdinaryShareClass1 2025-01-30 07377317 core:CurrentFinancialInstruments 2025-01-30 07377317 core:CurrentFinancialInstruments core:WithinOneYear 2025-01-30 07377317 core:Goodwill 2025-01-30 07377317 core:FurnitureFittingsToolsEquipment 2025-01-30 07377317 core:LandBuildings 2025-01-30 07377317 bus:SmallEntities 2024-01-31 2025-01-30 07377317 bus:AuditExemptWithAccountantsReport 2024-01-31 2025-01-30 07377317 bus:FullAccounts 2024-01-31 2025-01-30 07377317 bus:SmallCompaniesRegimeForAccounts 2024-01-31 2025-01-30 07377317 bus:RegisteredOffice 2024-01-31 2025-01-30 07377317 bus:CompanySecretaryDirector1 2024-01-31 2025-01-30 07377317 bus:OrdinaryShareClass1 2024-01-31 2025-01-30 07377317 bus:PrivateLimitedCompanyLtd 2024-01-31 2025-01-30 07377317 core:Goodwill 2024-01-31 2025-01-30 07377317 core:FurnitureFittingsToolsEquipment 2024-01-31 2025-01-30 07377317 core:LandBuildings 2024-01-31 2025-01-30 07377317 1 2024-01-31 2025-01-30 07377317 countries:EnglandWales 2024-01-31 2025-01-30 07377317 2024-01-30 07377317 core:Goodwill 2024-01-30 07377317 core:FurnitureFittingsToolsEquipment 2024-01-30 07377317 core:LandBuildings 2024-01-30 07377317 2023-01-31 2024-01-30 07377317 2024-01-30 07377317 bus:OrdinaryShareClass1 2024-01-30 07377317 core:CurrentFinancialInstruments 2024-01-30 07377317 core:CurrentFinancialInstruments core:WithinOneYear 2024-01-30 07377317 core:FurnitureFittingsToolsEquipment 2024-01-30 07377317 core:LandBuildings 2024-01-30 xbrli:pure iso4217:GBP xbrli:shares

Registration number: 07377317

Fisherground Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 30 January 2025

 

Fisherground Ltd

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 6

 

Fisherground Ltd

(Registration number: 07377317)
Balance Sheet as at 30 January 2025

Note

2025
£

2024
£

Fixed assets

 

Tangible assets

5

305,054

311,383

Current assets

 

Debtors

6

1,583

899

Cash at bank and in hand

 

72,485

79,081

 

74,068

79,980

Creditors: Amounts falling due within one year

7

(222,564)

(238,536)

Net current liabilities

 

(148,496)

(158,556)

Total assets less current liabilities

 

156,558

152,827

Provisions for liabilities

(1,357)

(614)

Net assets

 

155,201

152,213

Capital and reserves

 

Called up share capital

8

2

2

Retained earnings

155,199

152,211

Shareholders' funds

 

155,201

152,213

For the financial year ending 30 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account and directors’ report have not been delivered in accordance with the special provisions applicable to companies subject to the small companies regime.

Approved and authorised by the Board on 26 June 2025 and signed on its behalf by:
 

.........................................
Mr DB Bateson
Company secretary and director

 

Fisherground Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 January 2025

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
10-12 Wellington Street St. Johns
Blackburn
Lancashire
BB1 8AG
England

The principal place of business is:
Eskdale
Holmrook
Cumbria
CA19 1TF

These financial statements were authorised for issue by the Board on 26 June 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are presented in Sterling which is the functional currency of the company. The accounts are rounded to the nearest pound.

Group accounts not prepared

The company is part of a small group and the holding company has taken advantage of the exemption provided by Section 399 of the Companies Act 2006 and has not prepared group accounts.

Going concern

The directors, having made reasonable enquiries, consider the company will have sufficient resources to continue trading for the foreseeable future. As a result the directors have continued to adopt the going concern basis in preparing the financial statements.

 

Fisherground Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 January 2025

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Land and buildings

4% straight line on buildings

Furniture, fittings and equipment

20% reducing balance

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

 

Fisherground Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 January 2025

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

20% straight line basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Employee Benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 2).

 

Fisherground Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 January 2025

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 31 January 2024

1

1

At 30 January 2025

1

1

Amortisation

At 31 January 2024

1

1

At 30 January 2025

1

1

Carrying amount

At 30 January 2025

-

-

5

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 31 January 2024

432,315

45,071

477,386

Additions

-

6,578

6,578

At 30 January 2025

432,315

51,649

483,964

Depreciation

At 31 January 2024

127,413

38,590

166,003

Charge for the year

10,293

2,614

12,907

At 30 January 2025

137,706

41,204

178,910

Carrying amount

At 30 January 2025

294,609

10,445

305,054

At 30 January 2024

304,902

6,481

311,383

Included within the net book value of land and buildings above is £294,609 (2024 - £304,902) in respect of freehold land and buildings.
 

 

Fisherground Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 January 2025

6

Debtors

Current

2025
£

2024
£

Prepayments

1,031

899

Other debtors

552

-

 

1,583

899

7

Creditors

Creditors: amounts falling due within one year

2025
£

2024
£

Due within one year

Taxation and social security

-

9,666

Accruals and deferred income

14,242

21,964

Other creditors

208,322

206,906

222,564

238,536

8

Share capital

Allotted, called up and fully paid shares

2025

2024

No.

£

No.

£

Ordinary share of £1 each

2

2

2

2

       

9

Parent and ultimate parent undertaking

D & TB Holdings Limited holds 100% of the issued shares of Fisherground Ltd.

 The company's immediate parent is D & TB Holdings Limited, incorporated in England and Wales.