FISHER BROTHERS 1994 LIMITED


Directors	FISHER, Eleanor Mary
	WALBY, Michael James


Registered Address	Great Head House
	Priory Road
	Ulverston
	LA12 9RX


Registered Number	06767324 (England and Wales)

Statement of Financial Position
31 March 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Investment property	3		1,163,320		1,163,320
			1,163,320		1,163,320
Current assets
Debtors	4	220,520		200,553
Current asset investments		1,866,381		1,860,211
Cash at bank and on hand		948		4,095
		2,087,849		2,064,859
Creditors amounts falling due within one year	5	(1,868,981)		(1,925,499)
Net current assets (liabilities)			218,868		139,360
Total assets less current liabilities			1,382,188		1,302,680
Net assets			1,382,188		1,302,680
Capital and reserves
Called up share capital			500,002		500,002
Profit and loss account			882,186		802,678
Shareholders' funds			1,382,188		1,302,680

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 15 September 2025, and are signed on its behalf by:

FISHER, Eleanor Mary
Director
Registered Company No. 06767324

FISHER BROTHERS 1994 LIMITED

Notes to the Financial Statements
for the year ended 31 March 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Basis of preparation
	The financial statements have been prepared under the historical cost convention on a going concern basis unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Going concern
	The directors believe that the company has adequate resources to continue in operational existence for the foreseeable future. The company continues to have the support of the directors, shareholders and creditors and therefore continue to adopt the going concern basis of accounting in preparing the financial statements.

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and/or the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and/or the rendering of services.

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Current taxation
	Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the Income Statement.

Investments

Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the Income Statement.

	Investment property
	Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate. These values are adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the Income Statement.

	Finance leases and hire purchase contracts
	Operating leases: the Company as lessor Rental income from operating leases is credited to profit or loss on a straight line basis over the lease term.

	Financial instruments
	The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	4		4

3.	Investment property
	The 2025 valuations were made by the directors, on an open market value for existing use basis.


		£
	Fair value at 01 April 24	1,163,320
	At 31 March 25	1,163,320

4.	Debtors: amounts due within one year

	2025	2024
	£	£
Amounts owed by group undertakings	220,520	200,553
Total	220,520	200,553


	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

5.	Creditors: amounts due within one year

	2025	2024
	£	£
Amounts owed to related parties	52,600	52,600
Taxation and social security	47,146	28,238
Other creditors	1,749,878	1,825,030
Accrued liabilities and deferred income	19,357	19,631
Total	1,868,981	1,925,499


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

6.	Related party transactions
	Included within creditors, amounts falling due within one year is an amount owed to Fisher Brothers 1979 Limited, a company with common directors and shareholders, of £52,600 (2024 - £52,600). The balance is interest free and repayable on demand. Included within debtors, is an amount due from Great Head House Estates Limited, a company with common directors and shareholders, of £220,520 (2024 - £200,553). The balance is interest free and repayable on demand. Included within creditors, amounts falling due within one year is an amount owed to the director, Mrs E M Fisher, of £156,281 (2024 - £166,000). The balance is interest free and repayable on demand. Included within creditors, amounts falling due within one year is an amount owed to B F Fisher, of £616,010 (2024 - £681,944). The balance is interest free and repayable on demand. Included within creditors, amounts falling due within one year is an amount owed to J S Fisher, of £977,587 (2024 - £977,087). The balance is interest free and repayable on demand. Included within administration expenses is a service charge of £118,757 (2024 - £79,704) to Great Head House Estates Limited, a company with common directors and shareholders, in respect of recharged costs.

Related party transactions

Included within creditors, amounts falling due within one year is an amount owed to Fisher Brothers 1979 Limited, a company with common directors and shareholders, of £52,600 (2024 - £52,600). The balance is interest free and repayable on demand.

Included within debtors, is an amount due from Great Head House Estates Limited, a company with common directors and shareholders, of £220,520 (2024 - £200,553). The balance is interest free and repayable on demand.

Included within creditors, amounts falling due within one year is an amount owed to the director, Mrs E M Fisher, of £156,281 (2024 - £166,000). The balance is interest free and repayable on demand.

Included within creditors, amounts falling due within one year is an amount owed to B F Fisher, of £616,010 (2024 - £681,944). The balance is interest free and repayable on demand.

Included within creditors, amounts falling due within one year is an amount owed to J S Fisher, of £977,587 (2024 - £977,087). The balance is interest free and repayable on demand.

Included within administration expenses is a service charge of £118,757 (2024 - £79,704) to Great Head House Estates Limited, a company with common directors and shareholders, in respect of recharged costs.