Classic Carp Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 09168223

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		116,860		119,461

			116,860		119,461
CURRENT ASSETS
Stocks	5	82,500		75,000
Debtors	6	7,034		19,365
Cash at bank and in hand		9,512		10,410

		99,046		104,775
Creditors: Amounts Falling Due Within One Year	7	(108,013 )		(92,426 )

NET CURRENT ASSETS (LIABILITIES)			(8,967 )		12,349

TOTAL ASSETS LESS CURRENT LIABILITIES			107,893		131,810

Creditors: Amounts Falling Due After More Than One Year	8		-		(65,576 )

NET ASSETS			107,893		66,234

CAPITAL AND RESERVES
Called up share capital	9		1,900		1,900
Revaluation reserve	10		-		30,000
Profit and Loss Account			105,993		34,334

SHAREHOLDERS' FUNDS			107,893		66,234

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Classic Carp Limited

Balance Sheet (continued)

As At 31 August 2025

For the year ending 31 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Anthony John Silvester

Director

13/02/2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Classic Carp Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09168223 . The registered office is First Floor, 28 Market Place, Grantham, Lincolnshire, NG31 6LR.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	0%
Plant & Machinery	25% Reducing Balance
Improvements to Property	10% Reducing Balance
Computer Equipment	25% Reducing Balance

2.4. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

Other Direct costs includes an adjustment to reverse Revaluation Reserves of £30,000 relating to the valuation of fish stocks.

2.5. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

...CONTINUED

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Classic Carp Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

2.5. Taxation - continued

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: NIL (2024: )

4. Tangible Assets

	Land & Property
	Freehold	Plant & Machinery	Improvements to Property	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 September 2024	101,169	50,237	18,276	434	170,116
Additions	-	-	-	200	200

As at 31 August 2025	101,169	50,237	18,276	634	170,316

Depreciation
As at 1 September 2024	-	44,281	6,128	246	50,655
Provided during the period	-	1,489	1,215	97	2,801

As at 31 August 2025	-	45,770	7,343	343	53,456

Net Book Value
As at 31 August 2025	101,169	4,467	10,933	291	116,860

As at 1 September 2024	101,169	5,956	12,148	188	119,461

5. Stocks

	2025	2024
	£	£
Stock	82,500	75,000

6. Debtors

	2025	2024
	£	£
Due within one year
Other debtors	7,034	19,365

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Classic Carp Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	290	-
Other creditors	92,076	89,575
Taxation and social security	15,647	2,851

	108,013	92,426

8. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Other creditors	-	65,576

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	1,900	1,900

10. Reserves

	Revaluation reserve	Profit and Loss Account
	£	£
As at 1 September 2024	30,000	34,334
Profit for the year and total comprehensive income	-	71,659

Transfer to/from Profit & Loss Account	(30,000 )	-

As at 31 August 2025	-	105,993

Other Direct costs includes an adjustment to reverse Revaluation Reserves of £30,000 which were brought forward from last year to reflect the increase in organic stock value of fish held. This value has reduced in the current year.

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