REGISTERED NUMBER: 03036776 (England and Wales)

TIMSBURY FISHERY LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

J H Durrant

T D W Jenner

M L Armitstead

REGISTERED OFFICE:

Highland House

Mayflower Close

Chandlers Ford

Eastleigh

Hampshire

SO53 4AR

REGISTERED NUMBER:

03036776 (England and Wales)

FIXED ASSETS

Tangible assets

4

162,200

166,296

CURRENT ASSETS

Cash at bank

66,400

70,270

CREDITORS

Amounts falling due within one year

5

(8,376

)

(10,704

)

NET CURRENT ASSETS

58,024

59,566

TOTAL ASSETS LESS CURRENT LIABILITIES

220,224

225,862

CAPITAL AND RESERVES

Called up share capital

56,000

56,000

Share premium

6

3,688

3,688

Capital reserve

6

44,512

47,107

Retained earnings

6

116,024

119,067

SHAREHOLDERS' FUNDS

220,224

225,862

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 22 May 2026 and were signed on its behalf by:

J H Durrant - Director

1.	STATUTORY INFORMATION

Timsbury Fishery 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 FRS102 "The Financial Reporting Standards applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The disclosure requirements of section 1A of FRS102 have been applied other than where additional disclosure Is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention, modified to include certain financial instruments at fair value. The principal accounting policies adopted are set out below.

Turnover

The turnover shown in the profit and loss account represents annual subscriptions and joining fees receivable from shareholders.

Annual subscriptions are recognised over the period to which they relate. As the subscriptions fall due during the financial year, a deferred income adjustment has been incorporated to pro-rate the income receivable so it is recognised on an accruals basis.

Joining fees are recognised in full when they become due.

Tangible fixed assets

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

Freehold land

-

not provided

Freehold improvements

-

Straight line over 5 years

Fishermans Hut

-

4% Straight line

Plant & machinery

-

25% Reducing balance

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 recognised in the income statement.

Financial assets

The Company has elected to apply the provision of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial assets are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Basic financial assets, which include trade and other receivables and cash and bank balances are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method, unless the arrangement constitutes a financial transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Financial liabilities

Basic financial liabilities which include trade and other payables, are initially measured at transaction price and subsequently measured at amortised cost, unless the arrangement constitutes a financing transaction where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Equity instruments

Equity instruments issued by the company are recorded at the fair value of the proceeds received net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

Pension costs

The company operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the company. The annual contributions payable are charged to the profit and loss account.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

Freehold

Fishermans

Plant &

land

improvements

Hut

machinery

Totals

£

£

£

£

£

COST

At 1 January 2025

59,632

119,892

100,632

16,132

296,288

Additions

-

-

-

11,206

11,206

Disposals

-

-

-

(1,253

)

(1,253

)

At 31 December 2025

59,632

119,892

100,632

26,085

306,241

DEPRECIATION

At 1 January 2025

-

89,011

27,365

13,616

129,992

Charge for year

-

8,259

4,024

3,019

15,302

Eliminated on disposal

-

-

-

(1,253

)

(1,253

)

At 31 December 2025

-

97,270

31,389

15,382

144,041

NET BOOK VALUE

At 31 December 2025

59,632

22,622

69,243

10,703

162,200

At 31 December 2024

59,632

30,881

73,267

2,516

166,296

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Tax

242

352

Social security and other taxes

2,137

1,947

Accruals and deferred income

5,997

8,405

8,376

10,704

6.

RESERVES

Capital Reserve

The capital reserve represents donations and contributions from members in respect of the construction of the new Fishermans Hut that was completed during the year.

As at 31 December 2019 the company had received £44,800 from members and two individual members donations of £10,000 each. In total member contributions and donations were £64,800. No further contributions are due after 31 December 2019.

The total costs of the Fishermans Hut was £100,632 including the improvements to the car park.

In the year ended 31 December 2025 the directors committed funds from the reserve for the tractor and tree works which has given rise to the loss for the financial year.

The capital reserve will be released to retained earnings over the estimated useful life of the Fishermans Hut which is 25 years.