The Potted Lobster (Abersoch) Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 13159617 (England and Wales)

The Potted Lobster (Abersoch) Limited

Unaudited Financial Statements

for the Year Ended 31st January 2026

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

7

Director:

T A A Leslie

Registered office:

Halidon House

17d Windmill Way West

Ramparts Business Park

Berwick Upon Tweed

Northumberland

TD15 1TB

Registered number:

13159617 (England and Wales)

Accountants:

Rennie Welch LLP

Academy House

Shedden Park Road

Kelso

Roxburghshire

TD5 7AL

Fixed assets

Tangible assets

4

798,411

812,795

Current assets

Stocks

25,140

21,594

Debtors

5

212,615

149,638

Cash at bank and in hand

74,823

326,522

312,578

497,754

Creditors

Amounts falling due within one year

6

760,168

833,878

Net current liabilities

(447,590

)

(336,124

)

Total assets less current liabilities

350,821

476,671

Provisions for liabilities

77,048

78,778

Net assets

273,773

397,893

Capital and reserves

Called up share capital

1,000

Retained earnings

272,773

396,893

273,773

397,893

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st January 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 2026 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 20th July 2026 and were signed by:

T A A Leslie - Director

1.	Statutory information

The Potted Lobster (Abersoch) 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents the total invoice value, excluding value added tax, of sales invoiced during the year, or the fair value of services provided for amounts not invoiced at the year end.

Turnover arising from the sale of goods is recognised when the significant risks and rewards of ownership have passed to the buyer. Turnover arising from the provision of services is recognised as contract activity progresses and the right to consideration is earned.

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 property

-

not provided

Improvements to property

-

not provided

Equipment

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.

The properties and property improvements are not being depreciated as the directors feel they will be kept in such a state of repair that their value is unlikely to reduce. In accordance with FRS102 section 1A the directors have reviewed the properties for impairment at the year end and are satisfied that there has been no diminution in value.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

The following assets and liabilities are classified as financial instruments - trade debtors, trade creditors, accruals, intercompany loans and directors' loans.

Directors' loans (being repayable on demand), trade debtors, accruals, intercompany loans and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Income and Retained Earnings.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Provisions

Provisions are set up only where it is probable that a present obligation exists as a result of an event prior to the balance sheet date and that a payment will be required in settlement that can be estimated reliably. Where material, provisions are calculated on a discounted basis.

Employee benefits

Short term employee benefits, including holiday pay, are recognised as an expense in the Statement of Income and Retained Earnings in the period in which they are incurred.

Group accounts

The company is entitled to the exemption under Section 398 of the Companies Act 2006 from the obligation to prepare group accounts.

Going concern

The director has considered the company's financial position for a minimum period of 12 months and beyond from the date of signing these financial statements and has an expectation that the company should be in a position to continue trading in the current format for the foreseeable future. Accordingly, he continues to adopt the going concern basis in preparing these financial statements.

3.	Employees and directors

The average number of employees during the year was 47 (2025 - 36 ) .

4.	Tangible fixed assets

Improvements

Fixtures

Freehold

to

and

property

Equipment

fittings

Totals

£

Cost

At 1st February 2025

358,374

197,801

66,563

363,884

986,622

Additions

-

22,076

4,105

26,181

At 31st January 2026

358,374

197,801

88,639

367,989

1,012,803

Depreciation

At 1st February 2025

-

1

25,196

148,630

173,827

Charge for year

-

7,758

32,807

40,565

At 31st January 2026

-

1

32,954

181,437

214,392

Net book value

At 31st January 2026

358,374

197,800

55,685

186,552

798,411

At 31st January 2025

358,374

197,800

41,367

215,254

812,795

5.

Debtors: amounts falling due within one year

2026

2025

£

Trade debtors

17,731

4,290

Amounts owed by group undertakings

162,358

100,430

Other debtors

32,526

44,918

212,615

149,638

6.

Creditors: amounts falling due within one year

2026

2025

£

Trade creditors

73,118

78,207

Amounts owed to group undertakings

44,750

51,000

Taxation and social security

46,764

91,360

Other creditors

595,536

613,311

760,168

833,878

7.	Secured debts

Nat West Bank PLC holds a fixed and floating charge over all the property or undertaking of the company.

8.	Related party disclosures

The Potted Lobster (Abersoch) Limited is a fully owned subsidiary of Alta Asset Management Limited.Alta Asset Management Limited is a private company, limited by shares, registered in England and Wales.

At 31st January 2026 a loan of £ Nil (2025- £14,050) was outstanding payable to the company by Alta Asset Management Limited.This loan is unsecured, interest free and repayable on demand.

At 31st January 2026 a loan of £44,750 (2025- £Nil) was outstanding payable by the company to Alta Asset Management Limited. This loan is unsecured, interest free and repayable on demand.

At 31st January 2026 a loan of £25,245 (2025- £25,245) was outstanding payable to the company by Alta Property Holdings Limited, a subsidiary of Alta Asset Management Limited.This loan is unsecured, interest free and repayable on demand.

At 31st January 2026 a loan of £57,113 (2025- £11,135) was outstanding payable to the company by Haughmond (Shropshire) Limited, a subsidiary of Alta Asset Management Limited.This loan is unsecured, interest free and repayable on demand.

At 31st January 2026 a loan of £80,000 (2025- £50,000) was outstanding payable to the company by Sunningdale Bamburgh Limited, a subsidiary of Alta Asset Management Limited.This loan is unsecured, interest free and repayable on demand.

At 31st January 2026 a loan of £ Nil (2025- £51,000) was outstanding payable by the company to The Whittling House Limited, a company under common control. This loan is unsecured, interest free and repayable on demand.