Company registration number 06344701 (England and Wales)
MOORHEN TROUT FISHERY LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
20 OCTOBER 2024
PAGES FOR FILING WITH REGISTRAR
MOORHEN TROUT FISHERY LTD
CONTENTS
Page
Company information
1
Balance sheet
2 - 3
Notes to the financial statements
4 - 6
MOORHEN TROUT FISHERY LTD
COMPANY INFORMATION
- 1 -
Directors
Mr. J Green
(Appointed 25 October 2024)
Mrs. M Green
(Appointed 25 October 2024)
Company number
06344701
Registered office
Warnford
Southampton
Hampshire
SO32 3LB
MOORHEN TROUT FISHERY LTD
BALANCE SHEET
AS AT
20 OCTOBER 2024
20 October 2024
- 2 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
840,499
844,608
Current assets
Stocks
16,304
19,302
Cash at bank and in hand
924
16,304
20,226
Creditors: amounts falling due within one year
4
(846,278)
(835,408)
Net current liabilities
(829,974)
(815,182)
Total assets less current liabilities
10,525
29,426
Creditors: amounts falling due after more than one year
5
(3,208)
Net assets
10,525
26,218
Capital and reserves
Called up share capital
1,000
1,000
Revaluation reserve
147,449
147,449
Profit and loss reserves
(137,924)
(122,231)
Total equity
10,525
26,218
MOORHEN TROUT FISHERY LTD
BALANCE SHEET (CONTINUED)
AS AT
20 OCTOBER 2024
20 October 2024
- 3 -
For the financial year ended 20 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
The financial statements were approved by the board of directors and authorised for issue on 17 July 2025 and are signed on its behalf by:
Mr. J Green
Director
Company registration number 06344701 (England and Wales)
MOORHEN TROUT FISHERY LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 20 OCTOBER 2024
- 4 -
1
Accounting policies
Company information
Moorhen Trout Fishery Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Warnford, Southampton, Hampshire, SO32 3LB.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest pound.
The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.
1.2
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
1.3
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Freehold land and buildings
Not depreciated
Plant and equipment
25% Reducing Balance
Fixtures and fittings
25% Reducing Balance
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
1.4
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.
Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.
MOORHEN TROUT FISHERY LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 20 OCTOBER 2024
1
Accounting policies
(Continued)
- 5 -
1.5
Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.6
Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
1.7
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
1
1
MOORHEN TROUT FISHERY LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 20 OCTOBER 2024
- 6 -
3
Tangible fixed assets
Freehold land and buildings
Plant and equipment
Fixtures and fittings
Total
£
£
£
£
Cost
At 21 October 2023
797,865
97,406
19,097
914,368
Additions
265
223
488
At 20 October 2024
797,865
97,671
19,320
914,856
Depreciation and impairment
At 21 October 2023
55,237
14,523
69,760
Depreciation charged in the year
2,566
2,031
4,597
At 20 October 2024
57,803
16,554
74,357
Carrying amount
At 20 October 2024
797,865
39,868
2,766
840,499
At 20 October 2023
797,865
42,169
4,574
844,608
4
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans
145
2,136
Other creditors
846,133
833,272
846,278
835,408
5
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
3,208