Silverfin false false 30/11/2024 01/12/2023 30/11/2024 I C Moore 03/10/2024 31/07/1995 S Samra 24/09/2024 26 August 2025 The principal activity of the Company during the financial year is that of a pottery retailer 03052880 2024-11-30 03052880 bus:Director1 2024-11-30 03052880 bus:Director2 2024-11-30 03052880 2023-11-30 03052880 core:CurrentFinancialInstruments 2024-11-30 03052880 core:CurrentFinancialInstruments 2023-11-30 03052880 core:ShareCapital 2024-11-30 03052880 core:ShareCapital 2023-11-30 03052880 core:RevaluationReserve 2024-11-30 03052880 core:RevaluationReserve 2023-11-30 03052880 core:RetainedEarningsAccumulatedLosses 2024-11-30 03052880 core:RetainedEarningsAccumulatedLosses 2023-11-30 03052880 core:LandBuildings 2023-11-30 03052880 core:PlantMachinery 2023-11-30 03052880 core:LandBuildings 2024-11-30 03052880 core:PlantMachinery 2024-11-30 03052880 2023-12-01 2024-11-30 03052880 bus:FilletedAccounts 2023-12-01 2024-11-30 03052880 bus:SmallEntities 2023-12-01 2024-11-30 03052880 bus:AuditExemptWithAccountantsReport 2023-12-01 2024-11-30 03052880 bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 03052880 bus:Director1 2023-12-01 2024-11-30 03052880 bus:Director2 2023-12-01 2024-11-30 03052880 core:PlantMachinery 2023-12-01 2024-11-30 03052880 2022-12-01 2023-11-30 03052880 core:LandBuildings 2023-12-01 2024-11-30 iso4217:GBP xbrli:pure

Company No: 03052880 (England and Wales)

FOSTERS POTTERY LIMITED

Unaudited Financial Statements
For the financial year ended 30 November 2024
Pages for filing with the registrar

FOSTERS POTTERY LIMITED

Unaudited Financial Statements

For the financial year ended 30 November 2024

Contents

FOSTERS POTTERY LIMITED

BALANCE SHEET

As at 30 November 2024
FOSTERS POTTERY LIMITED

BALANCE SHEET (continued)

As at 30 November 2024
Note 2024 2023
£ £
Restated - note 2
Fixed assets
Tangible assets 4 23,000 11,802
23,000 11,802
Current assets
Stocks 4,735 4,975
Debtors 5 0 3,769
Cash at bank and in hand 8,158 10,313
12,893 19,057
Creditors: amounts falling due within one year 6 ( 221,299) ( 214,352)
Net current liabilities (208,406) (195,295)
Total assets less current liabilities (185,406) (183,493)
Net liabilities ( 185,406) ( 183,493)
Capital and reserves
Called-up share capital 2 2
Revaluation reserve 11,198 0
Profit and loss account ( 196,606 ) ( 183,495 )
Total shareholder's deficit ( 185,406) ( 183,493)

For the financial year ending 30 November 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 financial statements of Fosters Pottery Limited (registered number: 03052880) were approved and authorised for issue by the Director on 26 August 2025. They were signed on its behalf by:

S Samra
Director
FOSTERS POTTERY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 November 2024
FOSTERS POTTERY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 November 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

Fosters Pottery 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 Towngate House, 2-8 Parkstone Road, Poole, BH15 2PW, United Kingdom. The principal place of business is Wilson Way, Pool, Redruth, TR15 3RX.

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 £.

Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director notes that the business has net liabilities of £185,406. The Company is supported through loans from Tescan Limited, a group company. The director has confirmed that the loan facilities will continue to be available for at least 12 months from the date of signing these financial statements. Given the current position, the director believes that any foreseeable debts can be met for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Prior year adjustment

During the year, an error was identified in the prior year's financial statements, relating to monies owed to the parent company. The amounts owed to group undertakings, in the 30 November 2023 accounts has been restated by £207,121.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer. Where a contract has only been partially completed at the Balance Sheet date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the Balance Sheet date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Employee benefits

Defined contribution schemes
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

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 over its expected useful life, as follows:

Land and buildings not depreciated
Plant and machinery 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.

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. Provision is made for obsolete, slow-moving or defective items where appropriate.

Financial instruments

The company holds the following financial instruments:

Short term trade and other debtors and creditors;
Cash and bank balances.

All financial instruments are classified as basic.

The company has chosen to apply the recognition and measurement principles in FRS102.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company's obligations are discharged, expire or are cancelled.

2. Prior year adjustment

During the year, an error was identified in the prior year's financial statements, relating to monies owed to the parent company. The amounts owed to group undertakings, in the 30 November 2023 accounts has been restated by £586,397.

As previously reported Adjustment As restated
Year ended 30 November 2023 £ £ £
Amounts owed to group undertaking 793,518 (586,397) 207,121

3. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 1

4. Tangible assets

Land and buildings Plant and machinery Total
£ £ £
Cost
At 01 December 2023 11,802 24,750 36,552
Revaluations 11,198 0 11,198
At 30 November 2024 23,000 24,750 47,750
Accumulated depreciation
At 01 December 2023 0 24,750 24,750
At 30 November 2024 0 24,750 24,750
Net book value
At 30 November 2024 23,000 0 23,000
At 30 November 2023 11,802 0 11,802

5. Debtors

2024 2023
£ £
Trade debtors 0 75
Other debtors 0 3,694
0 3,769

6. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 4,079 4,421
Amounts owed to Group undertakings 213,662 207,121
Other taxation and social security 528 0
Other creditors 3,030 2,810
221,299 214,352

7. Ultimate controlling party

Parent Company:

Tescan Limited
Towngate House, 2-8 Parkstone Road, Poole, Dorset BH15 2PW