REGISTERED NUMBER: 07614294 (England and Wales)

Celtic Fish and Game Limited

Unaudited Financial Statements

for the Year Ended 30th September 2025

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs S M Bullus

Mrs E K Platt

Mrs H C Bainger

Miss N J Bullus

REGISTERED OFFICE:

48 Arwenack Street

Falmouth

Cornwall

TR11 3JH

REGISTERED NUMBER:

07614294 (England and Wales)

ACCOUNTANTS:

Hodgsons

Chartered Accountants

48 Arwenack Street

Falmouth

Cornwall

TR11 3JH

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

1,249,838

496,779

1,249,838

496,779

CURRENT ASSETS

Stocks

232,000

225,000

Debtors

6

487,351

436,353

Cash at bank and in hand

1,494,435

1,383,168

2,213,786

2,044,521

CREDITORS

Amounts falling due within one year

7

(1,466,580

)

(747,465

)

NET CURRENT ASSETS

747,206

1,297,056

TOTAL ASSETS LESS CURRENT LIABILITIES

1,997,044

1,793,835

CREDITORS

Amounts falling due after more than one year

8

(74,549

)

(37,654

)

PROVISIONS FOR LIABILITIES

(75,527

)

(67,148

)

NET ASSETS

1,846,968

1,689,033

CAPITAL AND RESERVES

Called up share capital

50,000

50,000

Retained earnings

1,796,968

1,639,033

SHAREHOLDERS' FUNDS

1,846,968

1,689,033

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5th May 2026 and were signed on its behalf by:

Mrs S M Bullus - Director

1.	STATUTORY INFORMATION

Celtic Fish and Game 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in June 2011, was fully amortised during the year ended 30th September 2021.

Tangible fixed assets

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

Freehold property

-

2% on cost

Property improvements

-

Straight line over 15 years

Plant and machinery

-

25% on cost

Fixtures, fittings and equipment

-

25% on cost

Motor vehicles

-

20% on cost

Depreciation is pro-rated and applied from the month of acquisition.

Property improvements were previously being depreciated evenly over ten years. However, a review of the estimated useful life has been carried out and the remaining balance as at 30 September 2013 is being depreciated evenly over the next fourteen years, giving the improvements an estimated economic life of 15 years.

Included within Freehold property is land at an estimated historic cost of £75,000.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 30 (2024 - 25 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st October 2024

and 30th September 2025

850,000

AMORTISATION

At 1st October 2024

and 30th September 2025

850,000

NET BOOK VALUE

At 30th September 2025

-

At 30th September 2024

-

5.	TANGIBLE FIXED ASSETS

Freehold

Property

Plant and

property

improvements

machinery

£

£

£

COST

At 1st October 2024

-

676,798

587,833

Additions

741,966

-

7,281

Disposals

-

-

(34,307

)

At 30th September 2025

741,966

676,798

560,807

DEPRECIATION

At 1st October 2024

-

557,125

469,893

Charge for year

4,278

45,223

43,144

Eliminated on disposal

-

-

(32,491

)

At 30th September 2025

4,278

602,348

480,546

NET BOOK VALUE

At 30th September 2025

737,688

74,450

80,261

At 30th September 2024

-

119,673

117,940

Fixtures,

fittings

and

Motor

equipment

vehicles

Totals

£

£

£

COST

At 1st October 2024

111,058

516,522

1,892,211

Additions

158,550

189,756

1,097,553

Disposals

(5,130

)

(192,246

)

(231,683

)

At 30th September 2025

264,478

514,032

2,758,081

DEPRECIATION

At 1st October 2024

94,319

274,095

1,395,432

Charge for year

25,446

78,043

196,134

Eliminated on disposal

(5,090

)

(45,742

)

(83,323

)

At 30th September 2025

114,675

306,396

1,508,243

NET BOOK VALUE

At 30th September 2025

149,803

207,636

1,249,838

At 30th September 2024

16,739

242,427

496,779

Included within Freehold property is land at an estimated historic value of £75,000.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

421,224

409,030

Other debtors

66,127

27,323

487,351

436,353

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

116,191

144,041

Tax

167,596

147,795

Social security and other taxes

11,716

13,391

Directors' current accounts

1,129,228

411,819

Accrued expenses

6,929

7,028

Deferred government grants

34,920

23,391

1,466,580

747,465

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Deferred government grants

74,549

37,654

9.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Within one year

1,274

1,882

Between one and five years

-

1,223

1,274

3,105

10.	SECURED DEBTS

HSBC Bank PLC has a fixed and floating charge over the company's assets, property and undertakings for monies due or to become due in the future.

11.	RELATED PARTY DISCLOSURES

On 17 June 2025, the company acquired freehold property from the directors for consideration of £741,966. The transaction was conducted at market value. Prior to the acquisition, the property was occupied by the company. No rent was charged in respect of the property during the current year or the preceding financial year.