Company No:
Contents
| Note | 2024 | 2023 | ||
| £ | £ | |||
| Fixed assets | ||||
| Tangible assets | 3 |
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| 1,750,000 | 1,750,000 | |||
| Net current assets | 0 | 0 | ||
| Total assets less current liabilities | 1,750,000 | 1,750,000 | ||
| Creditors: amounts falling due after more than one year | 4 | (
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| Net assets |
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| Capital and reserves | ||||
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| Revaluation reserve |
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| Profit and loss account | (
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| Total shareholder's funds |
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Directors' responsibilities:
The financial statements of Piscatorial Properties Limited (registered number:
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J G Waterton
Director |
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.
Piscatorial Properties 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 the revaluation of freehold properties and to include investment properties and 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 £.
| Land and buildings | not depreciated |
| Leasehold improvements |
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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.
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.
| 2024 | 2023 | ||
| Number | Number | ||
| Monthly average number of persons employed by the Company during the year, including directors |
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| Land and buildings | Leasehold improve- ments |
Total | |||
| £ | £ | £ | |||
| Cost | |||||
| At 01 November 2023 |
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| At 31 October 2024 |
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| Accumulated depreciation | |||||
| At 01 November 2023 |
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| At 31 October 2024 |
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| Net book value | |||||
| At 31 October 2024 | 1,750,000 | 0 | 1,750,000 | ||
| At 31 October 2023 | 1,750,000 | 0 | 1,750,000 |
Revaluation of tangible assets
The fair value of the company's Freehold land and buildings was revalued on 31 October 2024. An independent valuer was not involved.
The valuation of freehold land, fishing and buildings was carried out on an open market basis. The directors are aware that there has been no recent evidence of chalk stream fishing of this nature being sold recently. Generally fishing is sold together with a house but deducing the value of a stretch of river is difficult to evaluate in these circumstances. The directors do not consider that there has been any significant change in the value of the company's freehold land and buildings since the last formal valuation in October 2024.
Had this class of asset been measured on historical cost basis:
| 2024 | 2023 | ||
| £ | £ | ||
| Historical cost | 640,455 | 640,455 | |
| Carrying value |
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**Impairment**
**Short leasehold land and buildings**
Following the revaluation of the company's land and buildings, items of historical expenditure relating to short leasehold land and buildings were identified and these have been reclassified and written down to their recoverable amounts.
| 2024 | 2023 | ||
| £ | £ | ||
| Amounts owed to Group undertakings |
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| Other creditors |
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Transactions with owners holding a participating interest in the entity
| 2024 | 2023 | ||
| £ | £ | ||
| Loans from related parties | 570,074 | 570,074 |
**Terms of loans from related parties**
At the balance sheet date there was an unsecured interest-free loan owing to another group company.
Other related party transactions
The company's freehold properties are used in the business activities by another group company for which no rent is payable.
Parent Company:
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| England and Wales |