Acorah Software Products - Accounts Production 18.1.200 false true 30 June 2024 1 July 2023 false 1 July 2024 30 June 2025 30 June 2025 02950690 Mr Neil Lake Mr Leigh Lake Miss Sian Lake The estate of Audrey Lake true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 02950690 2024-06-30 02950690 2025-06-30 02950690 2024-07-01 2025-06-30 02950690 frs-core:CurrentFinancialInstruments 2025-06-30 02950690 frs-core:ComputerEquipment 2024-07-01 2025-06-30 02950690 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2025-06-30 02950690 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2024-07-01 2025-06-30 02950690 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2024-06-30 02950690 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-07-01 2025-06-30 02950690 frs-core:FurnitureFittings 2024-07-01 2025-06-30 02950690 frs-core:NetGoodwill 2025-06-30 02950690 frs-core:NetGoodwill 2024-07-01 2025-06-30 02950690 frs-core:NetGoodwill 2024-06-30 02950690 frs-core:LandBuildings 2025-06-30 02950690 frs-core:LandBuildings 2024-07-01 2025-06-30 02950690 frs-core:LandBuildings 2024-06-30 02950690 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-07-01 2025-06-30 02950690 frs-core:MotorVehicles 2024-07-01 2025-06-30 02950690 frs-core:OtherResidualIntangibleAssets 2025-06-30 02950690 frs-core:OtherResidualIntangibleAssets 2024-07-01 2025-06-30 02950690 frs-core:OtherResidualIntangibleAssets 2024-06-30 02950690 frs-core:PlantMachinery 2025-06-30 02950690 frs-core:PlantMachinery 2024-07-01 2025-06-30 02950690 frs-core:PlantMachinery 2024-06-30 02950690 frs-core:ShareCapital 2025-06-30 02950690 frs-core:RetainedEarningsAccumulatedLosses 2025-06-30 02950690 frs-bus:PrivateLimitedCompanyLtd 2024-07-01 2025-06-30 02950690 frs-bus:FilletedAccounts 2024-07-01 2025-06-30 02950690 frs-bus:SmallEntities 2024-07-01 2025-06-30 02950690 frs-bus:AuditExempt-NoAccountantsReport 2024-07-01 2025-06-30 02950690 frs-bus:SmallCompaniesRegimeForAccounts 2024-07-01 2025-06-30 02950690 1 2024-07-01 2025-06-30 02950690 frs-core:DeferredTaxation 2024-07-01 2025-06-30 02950690 frs-core:DeferredTaxation 2024-06-30 02950690 frs-core:DeferredTaxation 2025-06-30 02950690 frs-core:CostValuation 2024-06-30 02950690 frs-core:AdditionsToInvestments 2025-06-30 02950690 frs-core:CostValuation 2025-06-30 02950690 frs-core:ListedExchangeTraded 2025-06-30 02950690 frs-core:ListedExchangeTraded 2024-06-30 02950690 frs-core:CostValuation frs-core:ListedExchangeTraded 2024-06-30 02950690 frs-core:AdditionsToInvestments frs-core:ListedExchangeTraded 2025-06-30 02950690 frs-core:CostValuation frs-core:ListedExchangeTraded 2025-06-30 02950690 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2024-06-30 02950690 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2025-06-30 02950690 frs-core:UnlistedNon-exchangeTraded 2025-06-30 02950690 frs-core:UnlistedNon-exchangeTraded 2024-06-30 02950690 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-06-30 02950690 frs-core:AdditionsToInvestments frs-core:UnlistedNon-exchangeTraded 2025-06-30 02950690 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2025-06-30 02950690 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-06-30 02950690 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2025-06-30 02950690 frs-bus:Director1 2024-07-01 2025-06-30 02950690 frs-bus:Director2 2024-07-01 2025-06-30 02950690 frs-bus:Director3 2024-07-01 2025-06-30 02950690 frs-core:CurrentFinancialInstruments 1 2025-06-30 02950690 frs-countries:EnglandWales 2024-07-01 2025-06-30 02950690 2023-06-30 02950690 2024-06-30 02950690 2023-07-01 2024-06-30 02950690 frs-core:CurrentFinancialInstruments 2024-06-30 02950690 frs-core:ShareCapital 2024-06-30 02950690 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 02950690 frs-core:CurrentFinancialInstruments 1 2024-06-30
Registered number: 02950690
John Lake Shellfish Limited
Unaudited Financial Statements
For The Year Ended 30 June 2025
John Lake Shellfish Limited
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—8

Page 1
John Lake Shellfish Limited
Balance Sheet
As At 30 June 2025
Balance Sheet
Registered number: 02950690

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Intangible Assets | 4 |  | 70,655 |  | 79,010
Tangible Assets | 5 |  | 2,522,099 |  | 2,435,849
Investments | 6 |  | 4,392,690 |  | 4,290,229
|  |  | 6,985,444 |  | 6,805,088
CURRENT ASSETS
Stocks | 7 | 45,635 |  | 155,600 |
Debtors | 8 | 1,677,178 |  | 1,551,079 |
Cash at bank and in hand |  | 774,298 |  | 1,088,504 |
|  | 2,497,111 |  | 2,795,183 |
Creditors: Amounts Falling Due Within One Year | 9 | (289,784 ) |  | (254,551 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 2,207,327 |  | 2,540,632
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 9,192,771 |  | 9,345,720
PROVISIONS FOR LIABILITIES
Deferred Taxation |  |  | - |  | (27,260 )
NET ASSETS |  |  | 9,192,771 |  | 9,318,460
CAPITAL AND RESERVES
Called up share capital | 11 |  | 2,006 |  | 2,006
Profit and Loss Account |  |  | 9,190,765 |  | 9,316,454
SHAREHOLDERS' FUNDS |  |  | 9,192,771 |  | 9,318,460

Page 1
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John Lake Shellfish Limited
Balance Sheet (continued)
As At 30 June 2025
For the year ending 30 June 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 Neil Lake Director
29 June 2026

The notes on pages 3 to 8 form part of these financial statements.
Page 2
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John Lake Shellfish Limited
Notes to the Financial Statements
For The Year Ended 30 June 2025
Notes to the Financial Statements
1. General Information
John Lake Shellfish Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02950690 . The registered office is Riverside, Crossbank Road, Kings Lynn, Norfolk, PE30 2JB.
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. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill ariseing on the acquisition of a business represents the excess of the acquisition cost over the fair value of the identifiable net assets including other intangible fixed assets when they are acquired. It is amortised to profit and loss account over its estimated economic life of 10 year, which is estimated to be the period during which benifits are expected to arise. On disposal of a business any goodwill not yet amortised is included in determining the profit or loss on sale of the business.
2.4. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are Fishing Rights It is amortised to profit and loss account over its estimated economic life of 50 years.
2.5. Intangible Fixed Assets and Amortisation - Intellectual Property
Intellectual property assets are Licences. It is amortised to the profit and loss account over its estimated economic life of 20 years.
2.6. 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 | Held at cost
Plant & Machinery | 33.3% / 25% Reducing balance
Motor Vehicles | 25% Reducing balance
Fixtures & Fittings | 25% Reducing balance
Computer Equipment | 25% Reducing balance

2.7. Stocks and Work in Progress
Stocks are valued at the lower of cost and net realisable value. Cost compromises expenditure incurred in the normal course of business in bringing stocks to their present location and condition. Full provision is made for obsolete and slow moving items. Net realisable value comprises actual or estimated selling price ( net of trade discounts) less all further costs to completion or to be incurred in marketing and selling.
Mussel cultivations are valued on the cost of relaying mussel beds during period, including the cost of unhardvested mussels from previous periods less any provission for indentifiable impairment.
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John Lake Shellfish Limited
Notes to the Financial Statements (continued)
For The Year Ended 30 June 2025
2.8. Financial Instruments
A financial asset or a financial liability is only recognised when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the amount of receivable or payable including any related transaction costs, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted. Debt instruments are subsequently measured at amortised cost.
2.9. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.10. 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.
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.
2.11. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.12. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
2.13. Impairment
At each reporting date, goodwill and other tangible fixed assets and investments but excluding investment properties, are assessed to determine whether there is an indication that the carrying amount of an asset may be more than its recoverable amount and that the asset should be impaired. If there is an indication of possible impairment, the recoverable amount of an asset, which is the higher of its value in use and its net realisable value, is estimated and compared with its carrying amount. If the recoverable amount is lower, the carrying amount of the asset is written down to its estimated recoverable amount and an impairment loss is recognised in the profit and loss account.
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John Lake Shellfish Limited
Notes to the Financial Statements (continued)
For The Year Ended 30 June 2025
3. Average Number of Employees
Average number of employees, including directors, during the year was: 16 (2024: 15)
16 15
4. Intangible Assets

| Goodwill | Other | Intellectual Property | Total
--- | --- | --- | --- | ---
| £ | £ | £ | £
Cost
As at 1 July 2024 | 340,000 | 5,766 | 279,002 | 624,768
As at 30 June 2025 | 340,000 | 5,766 | 279,002 | 624,768
Amortisation
As at 1 July 2024 | 340,000 | 1,383 | 204,375 | 545,758
Provided during the period | - | 116 | 8,239 | 8,355
As at 30 June 2025 | 340,000 | 1,499 | 212,614 | 554,113
Net Book Value
As at 30 June 2025 | - | 4,267 | 66,388 | 70,655
As at 1 July 2024 | - | 4,383 | 74,627 | 79,010

5. Tangible Assets

| Land & Buildings | Plant & Machinery etc. | Total
--- | --- | --- | ---
| £ | £ | £
Cost
As at 1 July 2024 | 1,667,761 | 6,273,556 | 7,941,317
Additions | - | 372,614 | 372,614
Disposals | - | (24,710 ) | (24,710 )
As at 30 June 2025 | 1,667,761 | 6,621,460 | 8,289,221
Depreciation
As at 1 July 2024 | - | 5,505,468 | 5,505,468
Provided during the period | - | 283,066 | 283,066
Disposals | - | (21,412 ) | (21,412 )
As at 30 June 2025 | - | 5,767,122 | 5,767,122
Net Book Value
As at 30 June 2025 | 1,667,761 | 854,338 | 2,522,099
As at 1 July 2024 | 1,667,761 | 768,088 | 2,435,849

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John Lake Shellfish Limited
Notes to the Financial Statements (continued)
For The Year Ended 30 June 2025
6. Investments

| Listed | Unlisted | Total
--- | --- | --- | ---
| £ | £ | £
Cost or Valuation
As at 1 July 2024 | - | 4,290,229 | 4,290,229
Additions | 102,461 | - | 102,461
As at 30 June 2025 | 102,461 | 4,290,229 | 4,392,690
Provision
As at 1 July 2024 | - | - | -
As at 30 June 2025 | - | - | -
Net Book Value
As at 30 June 2025 | 102,461 | 4,290,229 | 4,392,690
As at 1 July 2024 | - | 4,290,229 | 4,290,229

Investment held as fixed assets are stated at cost less porvision for any permanent diminution in value. Income from other investments together with any related tax credit is recognised in the profit and loss account in the year which it is receivable.
The trade investment relates to funds held within Terido LLP, a trading partnership. The total of £4,290,229 consists of funds introduced plus trading profits and interest.
7. Stocks

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Stock | 45,635 |  | 155,600

8. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 386,186 |  | 345,158
Prepayments and accrued income | 157,319 |  | 153,712
VAT to HMRC | 83,228 |  | 67,807
Other non-trade debtors | 1,020,544 |  | 984,402
Deferred tax current asset | 29,901 |  | -
| 1,677,178 |  | 1,551,079

Other debtors include a loan to an unconnected company, the balance owing at the year end amounted to £157,755 (2024 - £164,116) and this is secured by the way of a legal charge on 12 St John's Way, St John's Business Estate, Downham Market, Norfolk, PE38 0QQ.
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John Lake Shellfish Limited
Notes to the Financial Statements (continued)
For The Year Ended 30 June 2025
9. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Trade creditors | 67,998 |  | 39,775
Other taxes and social security | 11,132 |  | 11,868
Other creditors | 74,331 |  | 77,892
Pensions payable | 326 |  | 1,510
Accruals and deferred income | 13,870 |  | 15,820
Government grants within one year | 114,477 |  | 106,520
Directors' loan accounts | 7,650 |  | 1,166
| 289,784 |  | 254,551

The bank hold a legal charge over freehold property owned by the company.
10. Provisions for Liabilities

| Deferred Tax | Total
--- | --- | ---
| £ | £
As at 1 July 2024 | 27,260 | 27,260
Additions | (57,161 ) | (57,161)
Balance at 30 June 2025 | (29,901 ) | (29,901)

11. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 2,006 |  | 2,006

12. Pension Commitments
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. At the balance sheet date unpaid contributions of £326 (2024 - £1,510) were due to the fund.
Pension costs amounted to £5,535 (2024 - £166,741).
13. Related Party Transactions
N.A.L Properties LtdA company controlled by Mr N A Lake (a director).As at 30 June 2025 N.A.L Properties Limited owed John Lake Shellfish Limited £159,430 (2024 - £99,430). No interest has been charged on the oustanding loan

N.A.L Properties Ltd

A company controlled by Mr N A Lake (a director).

As at 30 June 2025 N.A.L Properties Limited owed John Lake Shellfish Limited £159,430 (2024 - £99,430). No interest has been charged on the oustanding loan

Lakes Property LimitedMr N A Lake (director) is a director of the company.As at 30 June 2025 Lakes Property Limited owed John Lake Shellfish Limited £525,494 (2024 - £521,597). No interest has been charged on the oustanding loan.

Lakes Property Limited

Mr N A Lake (director) is a director of the company.

As at 30 June 2025 Lakes Property Limited owed John Lake Shellfish Limited £525,494 (2024 - £521,597). No interest has been charged on the oustanding loan.

Merlinward LimitedA company controlled by Mr N A Lake (a director).Merlinward Limited charged John Lake Shellfish Limited a £12,000 (2024 - £10,000) management charge in the period under review. This has been treated as a repayment against the inter-company loan. The balance of the loan outstanding as at 30 June 2025 is £117,012 (2024- £132,783). No interest has been charged on the outstanding loan.

Merlinward Limited

A company controlled by Mr N A Lake (a director).

Merlinward Limited charged John Lake Shellfish Limited a £12,000 (2024 - £10,000) management charge in the period under review. This has been treated as a repayment against the inter-company loan. The balance of the loan outstanding as at 30 June 2025 is £117,012 (2024- £132,783). No interest has been charged on the outstanding loan.

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John Lake Shellfish Limited
Notes to the Financial Statements (continued)
For The Year Ended 30 June 2025
14. Ultimate Controlling Party
The company's ultimate controlling party of the company is The estate of Audrey Lake .
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