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REGISTERED NUMBER: 08250598 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 October 2024

for

LONDON'S FISH SHOP LTD

LONDON'S FISH SHOP LTD (REGISTERED NUMBER: 08250598)






Contents of the Financial Statements
FOR THE YEAR ENDED 31 OCTOBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


LONDON'S FISH SHOP LTD

Company Information
FOR THE YEAR ENDED 31 OCTOBER 2024







DIRECTOR: O Aziz





REGISTERED OFFICE: London County Hall
Riverside Building
Westminster Bridge Road
London
SE1 7PB





REGISTERED NUMBER: 08250598 (England and Wales)





ACCOUNTANTS: AGK Partners
Chartered Accountants
1 Kings Avenue
London
N21 3NA

LONDON'S FISH SHOP LTD (REGISTERED NUMBER: 08250598)

Balance Sheet
31 OCTOBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 581
Property, plant and equipment 5 621,661 699,418
Investments 6 550,000 -
1,171,661 699,999

CURRENT ASSETS
Inventories 93,364 121,593
Debtors 7 1,116,538 1,761,907
Cash at bank and in hand 84,207 51,172
1,294,109 1,934,672
CREDITORS
Amounts falling due within one year 8 1,090,977 1,232,410
NET CURRENT ASSETS 203,132 702,262
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,374,793

1,402,261

CREDITORS
Amounts falling due after more than one
year

9

511,013

244,451
NET ASSETS 863,780 1,157,810

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 863,680 1,157,710
863,780 1,157,810

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 10 July 2025 and were signed by:





O Aziz - Director


LONDON'S FISH SHOP LTD (REGISTERED NUMBER: 08250598)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 OCTOBER 2024

1. STATUTORY INFORMATION

London's Fish Shop Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Significant judgements and estimates
The preparation of the financial statements requires management to make judgements, estimates and assumptions
that affect the reported amounts of revenues, expenses, assets and liabilities, the accompanying disclosures, and
the disclosure of contingent liabilities, at the end of the reporting period. However, uncertainty about these
assumptions and estimates could result in outcomes that require a material adjustment to the carrying amount of the
assets or liabilities affected in future periods.

The Company's management believes that judgements, estimates and assumptions used in the preparation of the
financial statements are appropriate given the factual circumstances as at 31 October 2018.

Various elements of the Company's accounting policies, by their nature, are inherently subject to estimation
techniques, valuation assumptions and other assessments. In particular, the Company has identified the following
accounting policies which, due to the judgements, estimates and assumptions inherent in those policies, and the
sensitivity of the financial statements to those judgements, estimates and assumptions, are critical to an
understanding of the financial statements.

i) Assets impairment
The Company reviews on an annual basis the carrying amounts of investments, tangible assets and intangible
assets, in order to determine if there is an indication of impairment. If any such indication exists an impairment
review is carried out in order to determine the extent of the impairment loss.

ii) Useful lives of depreciable tangible and intangible assets
The management assesses the estimated useful lives and related depreciation & amortisation charges for
purchased and internally generated intangible assets and tangible assets and reviews the assessment at regular
intervals. Management estimates are based on the projected operating life cycle of these assets. Such estimates are
not expected to change significantly, however, management may modify depreciation and amortisation rates wherever useful lives turn out to be different than previously estimated and writes down or writes off assets.

Revenue
Revenue is measured at the fair value of the consideration received or receivable for goods supplied net of Value
Added Tax. Income is recognised when goods have been delivered to customers such that risks and rewards of
ownership have transferred to them.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less
any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of five years.

LONDON'S FISH SHOP LTD (REGISTERED NUMBER: 08250598)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 OCTOBER 2024

2. ACCOUNTING POLICIES - continued

Tangible fixed assets
Property, plant and equipment is stated at cost less accumulated depreciation and accumulated impairment losses.Such cost included costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets less their estimated residual value over their expected useful lives, on the following basis:

Leasehold propertiesStraight line over the life of the lease
Plant & machinery20% on Reducing Balance
Fixtures fittings and equipment20% on Reducing Balance
Motor vehicles20% on Reducing Balance
Computer equipment 33% on Reducing Balance

The carrying values of tangible assets are reviewed for impairment when events or changes in circumstances indicate the carrying value may not be recoverable.

Investments in subsidiaries
Investments in subsidiary undertakings are measured at cost less accumulated impairment losses. Cost includes the fair value of the consideration given.

If there is an indication that an investment in a subsidiary has suffered impairment, the carrying amount is reviewed and, if necessary, adjusted to reflect the revised recoverable amount. Impairment losses and reversals of impairment losses are recognised in profit or loss in the period in which they occur.

Inventories
Inventories are valued at lower of cost, using first in first out method, and estimated selling prices less cost to
complete and sell. Cost includes all cost of purchases, cost of conversion and other costs incurred in bringing the
inventories to their present location and condition.

Financial instruments
Basic financial assets and liabilities, which include debtors, creditors, cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

LONDON'S FISH SHOP LTD (REGISTERED NUMBER: 08250598)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 OCTOBER 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 41 (2023 - 40 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 November 2023
and 31 October 2024 2,906
AMORTISATION
At 1 November 2023 2,325
Charge for year 581
At 31 October 2024 2,906
NET BOOK VALUE
At 31 October 2024 -
At 31 October 2023 581

5. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Short Plant and and
leasehold machinery fittings
£    £    £   
COST
At 1 November 2023 1,100,000 51,484 581,723
Additions - 17,910 4,639
At 31 October 2024 1,100,000 69,394 586,362
DEPRECIATION
At 1 November 2023 594,000 9,234 477,060
Charge for year 59,400 12,032 21,093
At 31 October 2024 653,400 21,266 498,153
NET BOOK VALUE
At 31 October 2024 446,600 48,128 88,209
At 31 October 2023 506,000 42,250 104,663

LONDON'S FISH SHOP LTD (REGISTERED NUMBER: 08250598)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 OCTOBER 2024

5. PROPERTY, PLANT AND EQUIPMENT - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 November 2023 42,796 25,829 1,801,832
Additions - 3,449 25,998
At 31 October 2024 42,796 29,278 1,827,830
DEPRECIATION
At 1 November 2023 2,140 19,980 1,102,414
Charge for year 8,131 3,099 103,755
At 31 October 2024 10,271 23,079 1,206,169
NET BOOK VALUE
At 31 October 2024 32,525 6,199 621,661
At 31 October 2023 40,656 5,849 699,418

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
Additions 550,000
At 31 October 2024 550,000
NET BOOK VALUE
At 31 October 2024 550,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 12,337 152,640
Amounts owed by connected companies 47,948 32,084
Other debtors 1,056,253 1,577,183
1,116,538 1,761,907

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 162,751 242,945
Hire purchase contracts 10,849 23,040
Trade creditors 98,140 64,063
Amounts owed to group undertakings 242,001 293,021
Taxation and social security 566,808 603,301
Other creditors 10,428 6,040
1,090,977 1,232,410

LONDON'S FISH SHOP LTD (REGISTERED NUMBER: 08250598)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 OCTOBER 2024

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 481,178 203,767
Hire purchase contracts 29,835 40,684
511,013 244,451

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 643,929 446,712

The bank loan is secured by a fixed and floating charge over the company's lease hold property and by a fixed and
floating charge over the company's assets.

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2024 and 31 October 2023:

2024 2023
£    £   
O Aziz
Balance outstanding at start of year 915,743 385,713
Amounts advanced 618,790 779,726
Amounts repaid (1,189,210 ) (249,696 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 345,323 915,743

During the year, an interest of £18,700 has been charged on the overdrawn balance at an official rate of interest.

12. RELATED PARTY DISCLOSURES

Included in creditors, amount falling due within one year, is an amount of £242,001 (2023: £293,021) owed to the group undertakings.

Included in debtors, amount falling due within one year, is an amount of £12,337 (2023: £152,640) owed by the group undertakings.

Included in debtors, amount falling due within one year, is an amount of £47,948 (2023: £32,084) owed by the connected companies.

13. ULTIMATE CONTROLLING PARTY

The company's immediate parent is Maden Group Ltd, incorporated in England and Wales. The ultimate
controlling parties are the shareholders of Maden Group Ltd by virtue of their holding in the parent company