Silverfin false false 31/10/2024 01/11/2023 31/10/2024 T M Attenborough 01/11/2022 I P Burt 23/03/2025 J K G Dart 18/01/2019 A J Diment 02/07/2020 P M Douglas - Pennant 17/03/2024 G Fleming 23/03/2025 02/07/2020 R F Hawkes 16/01/2019 H O H Swann 21/11/2018 R T Tyson 02/07/2020 J G Waterton 16/01/2019 D A Watson 16/01/2019 11 June 2025 The principal activity of the company is providing fishing activities for members of The Piscatorial Society, which commenced on 1 February 2019. 11688732 2024-10-31 11688732 bus:Director1 2024-10-31 11688732 bus:Director2 2024-10-31 11688732 bus:Director3 2024-10-31 11688732 bus:Director4 2024-10-31 11688732 bus:Director5 2024-10-31 11688732 bus:Director6 2024-10-31 11688732 bus:Director7 2024-10-31 11688732 bus:Director8 2024-10-31 11688732 bus:Director9 2024-10-31 11688732 bus:Director10 2024-10-31 11688732 bus:Director11 2024-10-31 11688732 2023-10-31 11688732 core:CurrentFinancialInstruments 2024-10-31 11688732 core:CurrentFinancialInstruments 2023-10-31 11688732 core:Non-currentFinancialInstruments 2024-10-31 11688732 core:Non-currentFinancialInstruments 2023-10-31 11688732 core:ShareCapital 2024-10-31 11688732 core:ShareCapital 2023-10-31 11688732 core:OtherCapitalReserve 2024-10-31 11688732 core:OtherCapitalReserve 2023-10-31 11688732 core:RetainedEarningsAccumulatedLosses 2024-10-31 11688732 core:RetainedEarningsAccumulatedLosses 2023-10-31 11688732 core:LeaseholdImprovements 2023-10-31 11688732 core:PlantMachinery 2023-10-31 11688732 core:Vehicles 2023-10-31 11688732 core:OfficeEquipment 2023-10-31 11688732 core:LeaseholdImprovements 2024-10-31 11688732 core:PlantMachinery 2024-10-31 11688732 core:Vehicles 2024-10-31 11688732 core:OfficeEquipment 2024-10-31 11688732 core:WithinOneYear 2024-10-31 11688732 core:WithinOneYear 2023-10-31 11688732 core:BetweenOneFiveYears 2024-10-31 11688732 core:BetweenOneFiveYears 2023-10-31 11688732 core:MoreThanFiveYears 2024-10-31 11688732 core:MoreThanFiveYears 2023-10-31 11688732 2023-11-01 2024-10-31 11688732 bus:FilletedAccounts 2023-11-01 2024-10-31 11688732 bus:SmallEntities 2023-11-01 2024-10-31 11688732 bus:AuditExemptWithAccountantsReport 2023-11-01 2024-10-31 11688732 bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 11688732 bus:Director1 2023-11-01 2024-10-31 11688732 bus:Director2 2023-11-01 2024-10-31 11688732 bus:Director3 2023-11-01 2024-10-31 11688732 bus:Director4 2023-11-01 2024-10-31 11688732 bus:Director5 2023-11-01 2024-10-31 11688732 bus:Director6 2023-11-01 2024-10-31 11688732 bus:Director7 2023-11-01 2024-10-31 11688732 bus:Director8 2023-11-01 2024-10-31 11688732 bus:Director9 2023-11-01 2024-10-31 11688732 bus:Director10 2023-11-01 2024-10-31 11688732 bus:Director11 2023-11-01 2024-10-31 11688732 core:LeaseholdImprovements core:BottomRangeValue 2023-11-01 2024-10-31 11688732 core:LeaseholdImprovements core:TopRangeValue 2023-11-01 2024-10-31 11688732 core:PlantMachinery 2023-11-01 2024-10-31 11688732 core:Vehicles 2023-11-01 2024-10-31 11688732 core:OfficeEquipment 2023-11-01 2024-10-31 11688732 2022-11-01 2023-10-31 11688732 core:LeaseholdImprovements 2023-11-01 2024-10-31 11688732 core:Non-currentFinancialInstruments 2023-11-01 2024-10-31 iso4217:GBP xbrli:pure

Company No: 11688732 (England and Wales)

THE PISCATORIAL SOCIETY LIMITED

Unaudited Financial Statements
For the financial year ended 31 October 2024
Pages for filing with the registrar

THE PISCATORIAL SOCIETY LIMITED

Unaudited Financial Statements

For the financial year ended 31 October 2024

Contents

THE PISCATORIAL SOCIETY LIMITED

BALANCE SHEET

As at 31 October 2024
THE PISCATORIAL SOCIETY LIMITED

BALANCE SHEET (continued)

As at 31 October 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 97,814 73,702
97,814 73,702
Current assets
Debtors
- due within one year 4 108,224 110,502
- due after more than one year 4 570,074 570,074
Cash at bank and in hand 5 445,374 657,125
1,123,672 1,337,701
Creditors: amounts falling due within one year 6 ( 134,373) ( 341,477)
Net current assets 989,299 996,224
Total assets less current liabilities 1,087,113 1,069,926
Creditors: amounts falling due after more than one year 7 ( 1,150,908) ( 1,150,908)
Net liabilities ( 63,795) ( 80,982)
Capital and reserves
Called-up share capital 1 1
Other reserves ( 20,225 ) ( 80,933 )
Profit and loss account ( 43,571 ) ( 50 )
Total shareholder's deficit ( 63,795) ( 80,982)

For the financial year ending 31 October 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of The Piscatorial Society Limited (registered number: 11688732) were approved and authorised for issue by the Board of Directors on 11 June 2025. They were signed on its behalf by:

H O H Swann
Director
THE PISCATORIAL SOCIETY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 October 2024
THE PISCATORIAL SOCIETY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 October 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

The Piscatorial Society Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Blacklake Farm, Houghton, SO20 6LT, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company's activities. Turnover is shown net of returns, rebates and discounts and after eliminating sales within the company.

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.
Membership waiting list deposits and entrance fees are recognised when an individual is granted membership.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line, reducing balance] basis over its expected useful life, as follows:

Leasehold improvements 8 - 10 years straight line
Plant and machinery 25 % reducing balance
Vehicles 25 % reducing balance
Office equipment 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Profit and Loss Account over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method.

The cost of finished goods and work in progress 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. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

Dividends

Clause 4.2 of the company's articles of association states that 'Save in the event of a winding up, no distribution shall be paid or capital otherwise returned to the Members in cash or otherwise'.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expenses when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 13 14

3. Tangible assets

Leasehold improve-
ments
Plant and machinery Vehicles Office equipment Total
£ £ £ £ £
Cost
At 01 November 2023 24,427 59,870 65,946 1,581 151,824
Additions 3,524 10,347 33,490 0 47,361
Disposals 0 ( 2,436) ( 23,447) 0 ( 25,883)
At 31 October 2024 27,951 67,781 75,989 1,581 173,302
Accumulated depreciation
At 01 November 2023 4,870 25,686 47,368 198 78,122
Charge for the financial year 3,308 9,435 7,950 346 21,039
Disposals 0 ( 1,730) ( 21,943) 0 ( 23,673)
At 31 October 2024 8,178 33,391 33,375 544 75,488
Net book value
At 31 October 2024 19,773 34,390 42,614 1,037 97,814
At 31 October 2023 19,557 34,184 18,578 1,383 73,702

4. Debtors

2024 2023
£ £
Debtors: amounts falling due within one year
Trade debtors 355 0
Other debtors 107,869 110,502
108,224 110,502
Debtors: amounts falling due after more than one year
Amounts owed by Group undertakings 570,074 570,074

5. Cash and cash equivalents

2024 2023
£ £
Cash at bank and in hand 445,374 657,125

6. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 34,478 113,127
Corporation tax 5,231 856
Other taxation and social security 4,499 4,481
Other creditors 90,165 223,013
134,373 341,477

7. Creditors: amounts falling due after more than one year

2024 2023
£ £
Other creditors 1,150,908 1,150,908

There are no amounts included above in respect of which any security has been given by the small entity.

8. Financial commitments

Commitments

Total future minimum lease payments under non-cancellable operating leases are as follows:

2024 2023
£ £
within one year 187,715 181,259
between one and five years 586,503 605,611
after five years 844,040 939,002
1,618,258 1,725,872

The amount of non-cancellable operating lease payments recognised as an expense during the year was £208,901 (2023 - £176,200)

9. Related party transactions

Transactions with owners holding a participating interest in the entity

2024 2023
£ £
At the start of the period 1,150,908 1,150,908

At the balance sheet date there was an unsecured interest free loan owing from the parent company.

Other related party transactions

2024 2023
£ £
At the start of the period 570,074 570,074

At the balance sheet date there was an unsecured interest free loan owing from another group company.

10. Ultimate controlling party

Parent Company:

Piscatorial Society Holdings Limited
England and Wales