Fish Property (UK) Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 03923491

Fish Property (UK) Limited

Filleted Unaudited Financial Statements

31 March 2025

Fish Property (UK) Limited

Statement of Financial Position

31 March 2025

	2025		2024
Note	£	£	£	£

Fixed assets

Tangible assets	5		291,523		281,646

Current assets

Debtors	6	–	3,060
Cash at bank and in hand		438	370
		----	-------
		438	3,430

Creditors: amounts falling due within one year	7	146,965		157,241
		---------		---------
Net current liabilities			146,527		153,811
			---------		---------
Total assets less current liabilities			144,996		127,835

Creditors: amounts falling due after more than one year	8	31,455	37,854
		---------	---------
Net assets		113,541	89,981
		---------	---------

Capital and reserves

Called up share capital	9	1	1
Profit and loss account		113,540	89,980
		---------	--------
Shareholders funds		113,541	89,981
		---------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 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 financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Fish Property (UK) Limited

Statement of Financial Position (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 8 December 2025 , and are signed on behalf of the board by:

C. H. Fisher
Director

Company registration number: 03923491

Fish Property (UK) Limited

Notes to the Financial Statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 146 New London Road, Chelmsford, Essex, CM2 0AW.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax. In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. 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 is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. Lease income is recognised in profit or loss on a straight line basis over the lease term.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

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:

	Equipment	-	25 % reducing balance

Investment property

Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 1 (2024: 1 ).

5. Tangible assets

	Investment property	Equipment	Total
	£	£	£
Cost or valuation
At 1 April 2024	280,000	14,886	294,886
Additions	–	298	298
Revaluations	10,000	–	10,000
	---------	--------	---------
At 31 March 2025	290,000	15,184	305,184
	---------	--------	---------
Depreciation
At 1 April 2024	–	13,240	13,240
Charge for the year	–	421	421
	---------	--------	---------
At 31 March 2025	–	13,661	13,661
	---------	--------	---------
Carrying amount
At 31 March 2025	290,000	1,523	291,523
	---------	--------	---------
At 31 March 2024	280,000	1,646	281,646
	---------	--------	---------

The investment property was valued at fair value by the director of the company at the balance sheet date. The historical costs of the investment property is £225,000.

6. Debtors

	2025	2024
	£	£
Trade debtors	–	3,060
	----	-------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	5,400	5,400
Trade creditors	4,220	2,040
Accruals and deferred income	1,874	2,375
Corporation tax	10,340	6,239
Social security and other taxes	891	4,165
Director loan accounts	123,240	136,022
Other creditors	1,000	1,000
	---------	---------
	146,965	157,241
	---------	---------

The bank loans are secured over the fixed assets of the company.

8. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	31,455	37,854
	--------	--------

9. Called up share capital

Authorised share capital

	2025		2024
	No.	£	No.	£
Ordinary shares of £ 1 each	1,000	1,000	1,000	1,000
	-------	-------	-------	-------

Issued, called up and fully paid

	2025		2024
	No.	£	No.	£
Ordinary shares of £ 1 each	1	1	1	1
	----	----	----	----

10. Related party transactions

During the year the company received rent from its director of £12,150 (2024 - £12,000) for the use of a company asset. At the balance sheet the company owed its director, C H Fisher £123,240 (2024 - £136,022), which was shown amongst creditors owing within one year.