Company No: 13262047 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2026		2025
		£		£
Fixed assets
Intangible assets	3	110,000		110,000
Tangible assets	4	227,172		190,521
		337,172		300,521
Current assets
Debtors	5	9,452		12,547
Cash at bank and in hand		15,748		2,168
		25,200		14,715
Creditors: amounts falling due within one year	6	( 582,792)		( 498,368)
Net current liabilities		(557,592)		(483,653)
Total assets less current liabilities		(220,420)		(183,132)
Net liabilities		( 220,420)		( 183,132)
Capital and reserves
Called-up share capital	7	120		120
Profit and loss account		( 220,540 )		( 183,252 )
Total shareholders' deficit		( 220,420)		( 183,132)

For the financial year ending 31 March 2026 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 Profit and Loss Account has not been delivered.

The financial statements of Mount's Bay Fish Limited (registered number: 13262047) were approved and authorised for issue by the Board of Directors on 26 June 2026. They were signed on its behalf by:

Mr J Chubb Director

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 year, unless otherwise stated.

General information and basis of accounting

Mount's Bay Fish 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 14 Cawdell Drive, Long Whatton, Loughborough, Leicestershire, LE12 5BW, 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 £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors note that the business has net liabilities of £220,420. The Company is supported through loans from the directors. The directors have confirmed that the loan facilities will continue to be available for at least 12 months from the date of signing these financial statements and the directors will continue to support the Company. Given the current position, the directors believe that any foreseeable debts can be met for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company's activities. Turnover is shown net of value added tax.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Other intangible assets

not amortised

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, reducing balance] basis over its expected useful life, as follows:

Plant and machinery	not depreciated
Vehicles	20 % reducing balance
Tools and equipment	20 % reducing balance
Office equipment	3 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.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Government grants

2. Employees

	2026		2025
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	3		3

3. Intangible assets

	Other intangible assets		Total
	£		£
Cost
At 01 April 2025	110,000		110,000
At 31 March 2026	110,000		110,000
Accumulated amortisation
At 01 April 2025	0		0
At 31 March 2026	0		0
Net book value
At 31 March 2026	110,000		110,000
At 31 March 2025	110,000		110,000

4. Tangible assets

	Plant and machinery		Vehicles		Tools and equipment		Office equipment		Total
	£		£		£		£		£
Cost
At 01 April 2025	135,000		0		85,973		2,846		223,819
Additions	0		38,000		14,077		1,190		53,267
At 31 March 2026	135,000		38,000		100,050		4,036		277,086
Accumulated depreciation
At 01 April 2025	0		0		32,450		848		33,298
Charge for the financial year	0		3,800		11,878		938		16,616
At 31 March 2026	0		3,800		44,328		1,786		49,914
Net book value
At 31 March 2026	135,000		34,200		55,722		2,250		227,172
At 31 March 2025	135,000		0		53,523		1,998		190,521

5. Debtors

	2026		2025
	£		£
Other debtors	9,452		12,547

6. Creditors: amounts falling due within one year

	2026		2025
	£		£
Trade creditors	3,170		1,184
Other creditors	579,622		497,184
	582,792		498,368

7. Called-up share capital

	2026		2025
	£		£
Allotted, called-up and fully-paid
120 Ordinary shares of £ 1.00 each	120		120