REGISTERED NUMBER: 00426820 (England and Wales)

BERNARD'S FISHERIES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 JULY 2024 TO 31 DECEMBER 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Miss S Drake

Ms K Thompson

REGISTERED OFFICE:

97 Low Petergate

York

YO1 7HY

REGISTERED NUMBER:

00426820 (England and Wales)

ACCOUNTANTS:

DSC

Chartered Accountants

Tattersall House

East Parade

Harrogate

North Yorkshire

HG1 5LT

FIXED ASSETS

Tangible assets

4

861,699

877,095

CURRENT ASSETS

Stocks

6,700

13,000

Debtors

5

25,580

37,092

Cash at bank and in hand

248,687

77,840

280,967

127,932

CREDITORS

Amounts falling due within one year

6

333,789

336,329

NET CURRENT LIABILITIES

(52,822

)

(208,397

)

TOTAL ASSETS LESS CURRENT LIABILITIES

808,877

668,698

PROVISIONS FOR LIABILITIES

36,953

40,167

NET ASSETS

771,924

628,531

CAPITAL AND RESERVES

Called up share capital

6,016

6,016

Non distributable reserves

7

227,484

227,484

Retained earnings

538,424

395,031

771,924

628,531

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

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

The directors acknowledge their 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 Board of Directors and authorised for issue on 24 September 2025 and were signed on its behalf by:

Miss S Drake - Director

1.	STATUTORY INFORMATION

Bernard's Fisheries Limited 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the period 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 period 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.

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.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Freehold Property

-

2% on cost

Fixtures & Fittings

-

15% reducing balance

Motor Vehicles

-

25% reducing balance

Computer Equipment

-

25% straight line

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 26 (2024 - 26 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 July 2024

845,449

256,593

1,102,042

Additions

-

6,715

6,715

At 31 December 2024

845,449

263,308

1,108,757

DEPRECIATION

At 1 July 2024

129,726

95,221

224,947

Charge for period

8,454

13,657

22,111

At 31 December 2024

138,180

108,878

247,058

NET BOOK VALUE

At 31 December 2024

707,269

154,430

861,699

At 30 June 2024

715,723

161,372

877,095

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2024

£

£

Trade debtors

2,248

-

Other debtors

23,332

37,092

25,580

37,092

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2024

£

£

Trade creditors

16,435

22,184

Amounts owed to group undertakings

161,162

206,162

Taxation and social security

141,049

76,258

Other creditors

15,143

31,725

333,789

336,329

7.

RESERVES

Non

distributable

reserves

£

At 1 July 2024

and 31 December 2024

227,484

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the period ended 31 December 2024 and the year ended 30 June 2024:

2024

2024

£

£

Miss S Drake

Balance outstanding at start of period

11,310

-

Amounts advanced

35,157

11,310

Amounts repaid

(33,137

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of period

13,330

11,310

Ms K Thompson

Balance outstanding at start of period

-

-

Amounts advanced

596

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of period

596

-

Interest has been charged on the above balance at the official rate of 2.25% and is included therein. The amount charged was £276 (June 2024: £131).

9.	RELATED PARTY DISCLOSURES

During the year the company entered into the following transactions with related parties:

Transaction Value

Balance owed by/(owed to

)

Dec 2024

June 2024

Dec 2024

June 2024

£

£

£

£

Franchise fee payable to parent company

-

-

(161,162

)

(206,162

)

10.	ULTIMATE CONTROLLING PARTY

The controlling party is Miss S Drake.

The company's ultimate parent undertaking is Hauraki Holdings Limited, a company incorporated in Jersey.