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Registration number: 10362667

Big Fish Ltd

Unaudited Filleted Financial Statements

for the Year Ended 30 September 2024

 

Big Fish Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 7

 

Big Fish Ltd

Company Information

Director

Mr JA White

Registered office

CBSL Accountants Ltd
Rowan House North
1 The Professional Quarter
Shrewsbury Business Park
SY2 6LG

Accountants

CBSL Accountants Limited
Chartered Accountants
Rowan House North
1 The Professional Quarter
Shrewsbury Business Park
Shrewsbury
Shropshire
SY2 6LG

 

Big Fish Ltd

(Registration number: 10362667)
Balance Sheet as at 30 September 2024

Note

2024
£

2023
£

Fixed assets

 

Investment property

4

844,465

811,325

Current assets

 

Debtors

5

3,010

10

Cash at bank and in hand

 

32,376

-

 

35,386

10

Creditors: Amounts falling due within one year

6

(173,245)

(468,500)

Net current liabilities

 

(137,859)

(468,490)

Total assets less current liabilities

 

706,606

342,835

Creditors: Amounts falling due after more than one year

6

(826,346)

(414,914)

Net liabilities

 

(119,740)

(72,079)

Capital and reserves

 

Called up share capital

8

10

10

Retained earnings

(119,750)

(72,089)

Shareholders' deficit

 

(119,740)

(72,079)

For the financial year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges his 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.

 

Big Fish Ltd

(Registration number: 10362667)
Balance Sheet as at 30 September 2024

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 27 June 2025
 


Mr JA White
Director

 

Big Fish Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

1

General information

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

The address of its registered office is:
CBSL Accountants Ltd
Rowan House North
1 The Professional Quarter
Shrewsbury Business Park
SY2 6LG

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.

Going concern

The financial statements have been prepared on a going concern basis. The director will continue to support the company to ensure liabilities are met as they fall due.

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.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

 

Big Fish Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

4

Investment properties

2024
£

At 1 October

811,325

Additions

33,140

At 30 September

844,465

There has been no valuation of investment property by an independent valuer.

5

Debtors

Current

2024
£

2023
£

Trade debtors

3,000

-

Other debtors

10

10

 

3,010

10

 

Big Fish Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

7

-

16,478

Trade creditors

 

450

-

Amounts due to related parties

9

169,295

446,295

Other payables

 

2,000

2,000

Accruals

 

1,500

3,727

 

173,245

468,500

Due after one year

 

Loans and borrowings

7

826,346

414,914

Creditors: amounts falling due after more than one year

Creditors include bank loans which are secured of £826,346 (2023 - £414,914).

 

Big Fish Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

7

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

826,346

414,914

Current loans and borrowings

2024
£

2023
£

Bank overdrafts

-

16,478

8

Share capital

Allotted, called up and not fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

10

10

10

10

       

9

Related party transactions

As at the year end the balance of £nil (2023 - £85,036) was due to the director, included within Other creditors. This balance is unsecured, interest free and with no fixed term of repayment.

10

Parent and ultimate parent undertaking

The company's immediate parent is Express Property Developments (UK) Limited, incorporated in England and Wales.