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Selsea (Billingsgate) Limited

Registered Number:05587645

For the year ended 31 March 2025
England and Wales
Unaudited Financial Statements

2
For the year ended 31 March 2025
Selsea (Billingsgate) Limited
Contents Page
1
Statement of Financial Position
2 to 6
Notes to the Financial Statements
3

Registered Number :

05587645

As at 31 March 2025

Selsea (Billingsgate) Limited
Statement of Financial Position

£

£

2024
2025

Notes

Fixed assets

Property, plant and equipment

1,146
447
2
1,146
447

Current assets

Inventories

20,440
32,384
3

Trade and other receivables

497,302
294,532
4
-

Cash and cash equivalents

10,879
337,795
517,742

Trade and other payables: amounts falling due within one
year

(589,374)
(243,571)
5
(71,632)
94,224
Net current assets

Total assets less current liabilities

95,370
(71,185)
(287)
(85)

Provisions for liabilities

95,083
Net assets/liabilities
(71,270)

Capital and reserves

Called up share capital

401
401

Retained earnings

251,307
84,954

Other reserves

(156,625)
(156,625)
95,083
(71,270)
Shareholders' funds

For the year ended 31 March 2025 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 of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006

The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section
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.

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

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

C B Freije Director

These financial statements were approved and authorised for issue by the Board on 09 December 2025 and were signed by:

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4

Registered Number :

05587645

For the year ended 31 March 2025
Selsea (Billingsgate) Limited
Statement of Financial Position Continued

The notes form part of these financial statements

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5
For the year ended 31 March 2025
Selsea (Billingsgate) Limited
Notes to the Financial Statements
Statutory Information

Selsea (Billingsgate) Limited is a private limited company, limited by shares, domiciled in England and Wales,
registration number 05587645.

Registered address:

Office 60, Billingsgate Market
Trafalgar Way
London
E14 5ST

The presentation currency is £ sterling.

The financial statements relate to trading activities of Selsea (Billingsgate) Limited only.

1. Accounting policies

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1 A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.

Revenue recognition

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised: Revenue from the sale of goods is recognised when all of the following conditions are satisfied · the Company has transferred the significant risks and rewards of ownership to the buyer;· 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 Company will receive the consideration due under the transaction; and· the costs incurred or to be incurred in respect of the transaction can be measured reliably. All revenues received in respect fishmonger sales are accounted for at the point of sale.

Property, plant and equipment

Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. 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:

Plant and machinery

25% Straight line

25% Straight line

Computer equipment

25% Straight line

Motor vehicles

25% Straight line

Fixtures and fittings
Government grants

Government grants received are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.

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6
For the year ended 31 March 2025
Selsea (Billingsgate) Limited
Notes to the Financial Statements Continued
Deferred tax

The tax expense for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss account, except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income. Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance sheet date, except that:· the recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and· any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met. Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Foreign currencies

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions. At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined. Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the Profit and loss account. All other foreign exchange gains and losses are presented in the Profit and loss account within 'other operating income'.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straightline basis over the period of the lease.
Pension costs and other post-retirement benefits

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 payment obligations. The contributions are recognised as an expense in the Profit and loss account when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

Financial Instruments

The Company only 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 non-puttable ordinary shares.

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7
For the year ended 31 March 2025
Selsea (Billingsgate) Limited
Notes to the Financial Statements Continued

2. Property, plant and equipment

Total

Computer
equipment

Fixtures and
fittings

Plant and
machinery

£

£

£

£

Cost or
valuation

At 01 April 2024

17,655
4,077
971
12,607
965
965
-
-

Additions

(475)
-
-

Disposals

(475)

At 31 March 2025

12,607
971
4,567
18,145

Provision for depreciation and impairment

At 01 April 2024

17,208
3,630
971
12,607
Charge for year
265
265
-
-
(474)
(474)
-
-

On disposal

At 31 March 2025

16,999
3,421
971
12,607

At 31 March 2025

Net book value

-
-
1,146
1,146

At 31 March 2024

-
-
447
447

3. Inventories

2024
2025

£

£

Stocks

32,384
20,440

4. Trade and other receivables

2024
2025

£

£

Trade debtors

211,851
488,212

Other debtors

82,681
9,090
497,302
294,532
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8
For the year ended 31 March 2025
Selsea (Billingsgate) Limited
Notes to the Financial Statements Continued

5. Trade and other payables: amounts falling due within one year

2024
2025

£

£

Bank loans and overdraft (secured)

138,555
371,189

Trade creditors

40,121
201,507

Taxation and social security

58,710
6,516

Other creditors

6,185
10,162
243,571
589,374

The company has the following securities a floating charge over all assets, legal assignment, debenture and a fixed charge on purchased debts which fail to vest, these are all held by the company's bank. The company also has rent deposit deeds held by its landlord.

6. Average number of persons employed

During the year the average number of employees was 6 (2024 : 5) including directors.
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