REGISTERED NUMBER: 11599965 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

Anglesey Trawlers Ltd

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

6

Directors:

Mrs A M Lowe

P D Lowe

Registered office:

Groesynyd House

1 Cwrt Y Groes

Tyn Y Groes

Conwy

LL32 8TZ

Registered number:

11599965 (England and Wales)

Accountants:

Websters

129 North Hill

Plymouth

Devon

PL4 8JY

Fixed assets

Tangible assets

4

126,636

131,951

Current assets

Debtors

5

17,714

17,528

Cash at bank

17

42

17,731

17,570

Creditors

Amounts falling due within one year

6

319,865

299,546

Net current liabilities

(302,134

)

(281,976

)

Total assets less current liabilities

(175,498

)

(150,025

)

Capital and reserves

Called up share capital

7

100

100

Retained earnings

(175,598

)

(150,125

)

Shareholders' funds

(175,498

)

(150,025

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

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 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 Profit & Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 December 2025 and were signed on its behalf by:

Mrs A M Lowe - Director

1.	STATUTORY INFORMATION

Anglesey Trawlers 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.

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 balance sheet shows net liabilities of £302,134 as at 31st March 2025; the financial statements have been prepared on a going concern basis as the directors have confirmed that they will continue to support the business by not withdrawing their loan to the company. The going concern basis is therefore believed to be appropriate.

Tangible fixed assets

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

Fishing boat - 50 years straight line

Motor vehicles - 25% on written down value

Equipment - 5 years straight line

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss Account, 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 year 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Debtors

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Creditors

Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

Provisions

Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fishing

Motor

boat

vehicles

Equipment

Totals

£

£

£

£

Cost

At 1 April 2024

and 31 March 2025

138,489

12,290

6,783

157,562

Depreciation

At 1 April 2024

15,194

7,537

2,880

25,611

Charge for year

2,770

1,188

1,357

5,315

At 31 March 2025

17,964

8,725

4,237

30,926

Net book value

At 31 March 2025

120,525

3,565

2,546

126,636

At 31 March 2024

123,295

4,753

3,903

131,951

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

17,714

17,528

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

25,558

25,998

Other creditors

294,307

273,548

319,865

299,546

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

£1

100

100

8.	RELATED PARTY DISCLOSURES

At the balance sheet date the company owed the amounts shown below to related parties:

Mrs A M Lowe

Director and shareholder

£162,924

P D Lowe

Director and shareholder

£128,007

The company paid interest on these balances as follows:

Mrs A M Lowe

£4,063

P D Lowe

£4,063

9.	ULTIMATE CONTROLLING PARTY

The company is a 100% subsidiary of D & A Jones Limited, a company registered in England and Wales, which in turn is wholly owned by Mrs A M Lowe and P D Lowe.