CORNWALL FISHERMEN (1988) AUCTIONS LIMITED

CORNWALL FISHERMEN (1988) AUCTIONS LIMITED
Statement of Financial Position
As at 31 March 2025

	2025		2024
	£	£	£	£
Fixed assets		312,824		285,302
Current assets	419,971		262,774
Prepayments and accrued income	8,160		6,424
Creditors: amount falling due within one year	(128,508)		(45,196)
Net current assets		299,623		224,002
Total assets less current liabilities		612,447		509,304
Net assets		612,447		509,304


Capital and reserves		612,447		509,304

NOTES TO THE ACCOUNTS

General Information

CORNWALL FISHERMEN (1988) AUCTIONS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 02383890, registration address 48 The Strand, Newlyn, Penzance, Cornwall, TR18 5HW.

The presentation currency is £ sterling.

Accounting policies

Significant accounting policies

Statement of compliance

These financial statements have been prepared in compliance with FRS 105 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.

The financial statements are prepared in sterling which is the functional currency of the company.

2.	Average number of employees Average number of employees during the year was 1 (2024 : 1).

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.

Director's Responsibilities:
The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.

The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the micro-entity provisions and FRS 105, the Financial Reporting Standard applicable to the micro-entities regime. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The income statement has not been delivered to the Registrar of Companies.

The financial statements were approved by the director on 26 May 2025 and were signed by:

--------------------------------
Kenneth Mark Downing
Director

Registered Number: 02383890
England and Wales
CORNWALL FISHERMEN (1988) AUCTIONS LIMITED

Unaudited Financial Statements

Period of accounts Start date: 01 April 2024 End date: 31 March 2025