Ben's Plaice Mevagissey Ltd

Contents

Statement of Financial Position	1
Notes to the Unaudited Financial Statements	2 to 7

Ben's Plaice Mevagissey Ltd

(Registration number: 15602362)
Statement of Financial Position as at 31 October 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	49,410	72,079
Current assets
Stocks	5	1,708	1,122
Debtors	6	5,063	3,666
Cash at bank and in hand		80,109	50,269
		86,880	55,057
Creditors: Amounts falling due within one year	7	(147,600)	(103,683)
Net current liabilities		(60,720)	(48,626)
Total assets less current liabilities		(11,310)	23,453
Provisions for liabilities		(10,218)	(11,982)
Net (liabilities)/assets		(21,528)	11,471
Capital and reserves
Called up share capital		100	100
Profit and loss account		(21,628)	11,371
Shareholders' (deficit)/funds		(21,528)	11,471

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

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Statement of Comprehensive Income.

Approved and authorised by the director on 15 July 2026
 

Mr B J Willcocks Director

Ben's Plaice Mevagissey Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
3 - 4 Market Square
Mevagissey
St Austell
Cornwall
PL26 6UD
England

Principal activity

The principal activity of the company is that of a fish and chip shop.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling which is the functional currency of the entity.

Ben's Plaice Mevagissey Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025 (continued)

2	Accounting policies (continued)

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome.

Revenue recognition

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, returns, rebates and discounts.

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.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Ben's Plaice Mevagissey Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025 (continued)

2	Accounting policies (continued)

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Leasehold	Over the life of the lease
Plant and machinery	20% reducing balance
Fixtures, fittings and equipment	25% reducing balance

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. In the statement of financial position, bank overdrafts are shown within borrowing or current liabilities

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Costs include all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition. .

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Ben's Plaice Mevagissey Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025 (continued)

2	Accounting policies (continued)

Financial instruments

Recognition and measurement
A financial asset or a financial liability is recognised only when the company becomes party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, 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.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 9 (2024 - 9).

4	Tangible assets

	Short leasehold land and buildings £	Fixtures and fittings £	Plant and machinery £	Total £
Cost or valuation
At 1 November 2024	9,491	37,054	44,093	90,638
Additions	-	-	600	600
Disposals	-	(5,559)	(5,625)	(11,184)
At 31 October 2025	9,491	31,495	39,068	80,054
Depreciation
At 1 November 2024	475	9,264	8,820	18,559
Charge for the year	475	5,561	6,049	12,085
At 31 October 2025	950	14,825	14,869	30,644
Carrying amount
At 31 October 2025	8,541	16,670	24,199	49,410
At 31 October 2024	9,016	27,790	35,273	72,079

Included within the net book value of land and buildings above is £8,541 (2024 - £9,016) in respect of short leasehold land and buildings.
 

Ben's Plaice Mevagissey Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025 (continued)

5

Stocks

	2025 £	2024 £
Raw materials and consumables	1,708	1,122

6

Debtors

	2025 £	2024 £
Prepayments	4,371	2,604
Accrued income	692	1,062
	5,063	3,666

7

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Trade creditors		5,848	3,367
Amounts owed to group undertakings and undertakings in which the company has a participating interest	10	73,076	77,403
Taxation and social security		25,832	6,194
Accruals and deferred income		30,980	1,484
Other creditors		11,864	15,235
		147,600	103,683

8

Reserves

Profit and loss account:

This reserve records retained earnings and accumulated losses.

9	Financial commitments, guarantees and contingencies

Amounts not provided for in the statement of financial position

The total amount of financial commitments not included in the statement of financial position is £13,750 (2024 - £46,750).

Ben's Plaice Mevagissey Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025 (continued)

10	Related party transactions

Transactions with the director

2025	At 1 November 2024 £	Advances to director £	At 31 October 2025 £
Director	(9,431)	70	(9,361)

2024	At 29 March 2024 £	Advances to director £	Repayments by director £	At 31 October 2024 £
Director	-	65,873	(75,304)	(9,431)

Loans from related parties

2025	Parent £	Entities with joint control or significant influence £	Total £
At start of period	54,653	22,750	77,403
Repaid	(4,327)	-	(4,327)
At end of period	50,326	22,750	73,076

2024	Parent £	Entities with joint control or significant influence £	Total £
Advanced	68,122	22,750	90,872
Repaid	(13,469)	-	(13,469)
At end of period	54,653	22,750	77,403

11	Parent and ultimate parent undertaking

The company's immediate parent is Ben's Plaice Limited, incorporated in England and Wales.

 The ultimate parent is Ben W Holdings Ltd, incorporated in England and Wales.