Company No: 10572894 (England and Wales)

Contents

• Statement of Financial Position
• Notes to the Financial Statements

	Note	31.03.2025		31.03.2024
		£		£
Fixed assets
Tangible assets	4	205,916		217,338
		205,916		217,338
Current assets
Stocks	5	137,838		62,344
Debtors	6	1,126,052		566,351
Cash at bank and in hand	7	389,007		188,521
		1,652,897		817,216
Creditors: amounts falling due within one year	8	( 1,268,666)		( 997,796)
Net current assets/(liabilities)		384,231		(180,580)
Total assets less current liabilities		590,147		36,758
Net assets		590,147		36,758
Capital and reserves
Called-up share capital	9	2		2
Profit and loss account		590,145		36,756
Total shareholders' funds		590,147		36,758

For the financial 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.

Directors' responsibilities:

• The members have not required the company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Notting Hill Fish Shop Limited (registered number: 10572894) were approved and authorised for issue by the Board of Directors. They were signed on its behalf by:

T Rolph Director

23 December 2025

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial period, unless otherwise stated.

General information and basis of accounting

Notting Hill Fish Shop Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the company's registered office is Unit 5 The Westway Centre, 69 St Marks Road, London, W10 6JG, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Statement of Financial Position date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Statement of Income and Retained Earnings in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings	10 years straight line
Plant and machinery etc.	3 - 5 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Leases

The company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

2. Critical accounting judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements that have a significant impact on the amounts recognised. The following are the critical judgements that the directors have made in the process of applying the company’s accounting policies and that have the most significant effect on the amounts recognised in the financial statements.

3. Employees

	Year ended 31.03.2025		Period from 01.08.2023 to 31.03.2024
	Number		Number
Monthly average number of persons employed by the company during the year, including directors	92		81

4. Tangible assets

	Land and buildings		Plant and machinery etc.		Total
	£		£		£
Cost
At 01 April 2024	202,034		220,464		422,498
Additions	0		35,200		35,200
At 31 March 2025	202,034		255,664		457,698
Accumulated depreciation
At 01 April 2024	65,979		139,181		205,160
Charge for the financial year	20,203		26,419		46,622
At 31 March 2025	86,182		165,600		251,782
Net book value
At 31 March 2025	115,852		90,064		205,916
At 31 March 2024	136,055		81,283		217,338

5. Stocks

	31.03.2025		31.03.2024
	£		£
Stocks	137,838		62,344

6. Debtors

	31.03.2025		31.03.2024
	£		£
Trade debtors	67,945		176,212
Amounts owed by group undertakings	940,142		0
Deferred tax asset	0		36,376
Other debtors	117,965		353,763
	1,126,052		566,351

7. Cash and cash equivalents

	31.03.2025		31.03.2024
	£		£
Cash at bank and in hand	389,007		188,521

8. Creditors: amounts falling due within one year

	31.03.2025		31.03.2024
	£		£
Trade creditors	607,448		606,582
Amounts owed to group undertakings	82,302		91,931
Taxation and social security	153,617		68,585
Other creditors	425,299		230,698
	1,268,666		997,796

9. Called-up share capital

	31.03.2025		31.03.2024
	£		£
Allotted, called-up and fully-paid
142 Ordinary shares of £ 0.01 each	1.42		1.42
71 Ordinary B shares of £ 0.01 each	0.71		0.71
	2.13		2.13

10. Financial commitments

Commitments

Total future minimum lease payments under non-cancellable operating leases are as follows:

	31.03.2025		31.03.2024
	£		£
within one year	150,000		170,000
between one and five years	600,000		168,333
Total future minimum lease payments under non-cancellable operating leases	750,000		338,333

11. Related party transactions

Other related party transactions

	31.03.2025		31.03.2024
	£		£
Dorian Restaurants Limited	77,981		86,495
Supermarket Of Dreams Limited	668,311		(72,903)
Schmaltz Limted	(82,302)		(19,028)
Urchin Japanese Bistro Limited	193,850		0

The above debtors/(creditors) relate to companies incorporated in England and Wales. The entities are related by virtue of their shared ownership. Interest is charged/(credited) at a rate of 5%.