TWYNERSH FISHING COMPLEX LTD Accounts






TWYNERSH FISHING COMPLEX LTD

	Company No. 04463078
		Information for Filing with The Registrar
		31 December 2024

at	31 December 2024
Company No.		04463078	Notes	2024	2023
				£	£
Fixed assets

	Tangible assets		4	8,472	11,296


				8,472	11,296
Current assets
	Stocks		5	5,000	3,000
	Debtors		6	445	1,904

	Cash at bank and in hand			5,362	1,338
				10,807	6,242
Creditors: Amount falling due within one year			7	(25,982)	(14,855)
Net current liabilities				(15,175)	(8,613)
Total assets less current liabilities				(6,703)	2,683
Creditors: Amounts falling due after more than one year			8	(176,314)	(190,582)
Provisions for liabilities
	Deferred taxation			-	(2,650)

Net liabilities				(183,017)	(190,549)

Capital and reserves
	Called up share capital			100	100



	Profit and loss account		9	(183,117)	(190,649)

Total equity				(183,017)	(190,549)



These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.

For the year ended 31 December 2024 the company was entitled to exemption from audit 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.



As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.

Approved by the board on 26 September 2025 and signed on its behalf by:
E. Eliaz
Director
26 September 2025

for the year ended 31 December 2024

General information

TWYNERSH FISHING COMPLEX LTD is a private company limited by shares and incorporated in England and Wales.

Its registered number is: 04463078

Its registered office is:

Unit 3

The Quad

Great Marlings

Luton

LU2 8EF

The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Going concern

These financial statements have been prepared on a going concern basis. The director, having considered the financial position of the company for a period of at least twelve months from the date of signing these financial statements, has no reason to believe that a material uncertainty exists that may cast doubt about the ability of the company to continue as a going concern. Accordingly the director has a reasonable expectation that the company will continue in operational existence and therefore he continues to adopt the going concern basis of accounting to prepare the financial statements.

Accounting policies

Turnover

Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Revenue from the sale of goods is recognised when all the following conditions are satisfied:
• the Company has transferred to the buyer the significant risks and rewards of ownership of the
goods;
• the Company retains neither continuing managerial involvement to the degree usually associated
with ownership nor effective control over the goods sold;
• the amount of revenue can be measured reliably;
• it is probable that the economic benefits associated with the transaction will flow to the Company;
and
• the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.

Tangible fixed assets and depreciation

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.

Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:

Plant and machinery

25% reducing balance

Furniture, fittings and equipment

25% reducing balance

Taxation

Income tax expense represents the sum of the tax currently payable.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.

When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of inventories recognised as an expense in the period in which the reversal occurs.

Work in progress is reflected in the accounts on a contract by contract basis by recording revenue and related costs as contract activity progresses.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.

Trade and other creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Defined contribution pensions

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations.

The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

3	Employees
			2024	2023
			Number	Number
		The average monthly number of employees (including directors) during the year was:	3	2

4	Tangible fixed assets
			Plant and machinery	Fixtures, fittings and equipment	Total
			£	£	£
		Cost or revaluation
		At 1 January 2024	26,623	13,516	40,139




		At 31 December 2024	26,623	13,516	40,139
		Depreciation
		At 1 January 2024	19,827	9,016	28,843
		Charge for the year	1,699	1,125	2,824



		At 31 December 2024	21,526	10,141	31,667
		Net book values
		At 31 December 2024	5,097	3,375	8,472
		At 31 December 2023	6,796	4,500	11,296

5	Stocks
			2024	2023
			£	£


		Finished goods	5,000	3,000
			5,000	3,000

6	Debtors
			2024	2023
			£	£




		VAT recoverable	-	741

		Other debtors	445	1,163

			445	1,904

7	Creditors:
		amounts falling due within one year
			2024	2023
			£	£

		Bank loans and overdrafts	2,584	452


		Trade creditors	19,233	4,384

		Taxes and social security	1,589	8,422

		Other creditors	1,076	97
		Accruals and deferred income	1,500	1,500
			25,982	14,855

8	Creditors:
		amounts falling due after more than one year
			2024	2023
			£	£





		Amounts owed to group undertakings	176,314	190,582


			176,314	190,582

Reserves

Profit and loss account - includes all current and prior period retained profits and losses.

Related party disclosures

Transactions with related parties

The company has taken advantage of the exemption available according to FRS 102 1A "Related party disclosure" not to disclose transactions entered into between two or more members of a group that are wholly owned.

Ultimate Controlling Party

The company's ultimate controlling Company is Sporting Wholesale Holdings Limited by virtue of its ownership of 100% of the issued share capital in the company.