2025-01-01 2025-12-31 05011101 Faulkers Fish Farm Ltd false 05011101 2025-01-01 2025-12-31 05011101 uk-bus:Director1 2025-01-01 2025-12-31 05011101 uk-bus:AuditExempt-NoAccountantsReport 2025-01-01 2025-12-31 05011101 uk-bus:SmallEntities 2025-01-01 2025-12-31 05011101 uk-bus:FullAccounts 2025-01-01 2025-12-31 05011101 uk-bus:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 05011101 2025-01-01 05011101 2025-12-31 05011101 2024-12-31 xbrli:pure iso4217:GBP 05011101 2024-01-01 2024-12-31

Company Registration Number : 05011101 (England and Wales)
05011101
This company is a private limited company
This company sells stuff to other companies
The company was trading for the entire period
Full Accounts
2025-12-31
false
Faulkers Fish Farm Ltd
The accounts were prepared in accordance with FRS102A
The accounts have been audited
2025-01-01
Faulkers Fish Farm Ltd Unaudited filleted financial statements For the year ended 31 December 2025

Faulkers Fish Farm Ltd Contents For the year ended 31 December 2025

CONTENTS | PAGE
Company Information | 3
Statement of Financial Position | 4
Notes to the Financial Statements | 5 - 6

Faulkers Fish Farm Ltd Company Information For the year ended 31 December 2025

Company registration number |  | 05011101 (England and Wales)
Directors |  | Clare Mappin
|  | Samuel Mappin
Registered office address |  | C/O Faulkers Fish Farm
|  | Faulkers Lane
|  | Burgh Le Marsh, Skegness
|  | Lincolnshire
|  | PE24 5HW
Accountant |  | Greenhalgh Johnson Ltd
|  | Chartered Management Accountants
|  | Elland House, 22 High Street
|  | Burgh le Marsh, Skegness, Lincolnshire
|  | PE245JT

Faulkers Fish Farm Ltd Statement of Financial Position For the year ended 31 December 2025

|  |  | 2025 |  | 2024
| Notes |  | £ |  | £
Fixed assets |  |  |  |  |
Property, plant and equipment |  |  | 221,571 |  | 34,450
| 5 |  | 221,571 |  | 34,450
Current assets |  |  |  |  |
Inventories |  |  | 6,500 |  | 6,500
Debtors |  |  | 57,503 |  | 76,126
Cash and cash equivalents |  |  | 89,462 |  | 132,809
|  |  | 153,465 |  | 215,434
Current liabilities |  |  |  |  |
Creditors: Amounts falling due within one year |  |  | (95,787) |  | (47,279)
Corporation tax payable |  |  | (36,623) |  | (23,724)
|  |  | (132,410) |  | (71,002)
Net current assets/(liabilities) |  |  | 21,055 |  | 144,432
Total assets less current liabilities |  |  | 242,625 |  | 178,882
Non-current liabilities |  |  |  |  |
Provisions for liabilities |  |  | (7,792) |  | (6,565)
Net assets/(liabilities) |  |  | 234,833 |  | 172,316
Capital and reserves |  |  |  |  |
Called up share capital |  |  | 2 |  | 2
Other reserve |  |  | 146,971 |  | 146,971
Retained earnings |  |  | 87,861 |  | 25,343
Shareholder's funds |  |  | 234,833 |  | 172,316
For the year ended 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006. The directors have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibility for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These accounts have been prepared in accordance with the special provisions of the Companies Act 2006 applicable to companies subject to the small companies' regime and in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A. The profit and loss account has not been delivered to the Registrar of Companies in accordance with the special provisions applicable to companies subject to the small entities regime. All the members of the company have consented to the drawing up of the abridged balance sheet.
For the year ended 31 December 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 responsibility for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 15 May 2026
.............................
Clare Mappin (Director)
Company registration number: 05011101

/* == Copy of Frs105 Balance Sheet for XML COntent ============================================================ */

Balance sheet at 2025-12-31 31 December 2025
|  |  |  | 2025 |  | 2024
|  |  |  | £ |  | £
Fixed Assets |  |  |  | 221,571 |  | 34,450
Current Assets |  |  |  | 149,354 |  | 212,138
Cash in Hand/Bank |  |  |  | 89,462 |  | 132,809
Prepayments and accrued income |  |  |  | 4,111 |  | 3,296
Creditors: amounts falling due within one year |  |  |  | (132,410) |  | (71,002)
Net current assets/(liabilities) |  |  |  | 21,055 |  | 144,432
Total assets less current liabilities |  |  |  | 242,625 |  | 178,882
Provisions for liabilities |  |  |  | (7,792) |  | (6,565)
Net Assets/(liabilities) |  |  |  | 234,833 |  | 172,316
Capital and Reserves |  |  |  | 234,833 |  | 172,316
Called up share capital |  |  |  | 2 |  | 2
Profit and loss account |  |  |  | 234,831 |  | 172,314
SHAREHOLDER'S FUND |  |  |  | 234,833 |  | 172,316
For the year ending 31/12/2025 the company was entitled to exemption 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. For the year ending 31-12-2025 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit for the year in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. 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 in accordance with the small companies provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Approved by the board of directors on 15 May 2026 2026-05-15 and signed on behalf of the board, |  |  |  |  |  |  |  |  |  |
............................. |  |  |  |  |  |  |  |  |  |
Clare Mappin |  |  |  |  |  |  |  |  |  |
Director |  |  |  |  |  |  |  |  |  |
Company registration number: 05011101 |  |  |  |  |  |  |  |  |  |

Faulkers Fish Farm Ltd Notes to the Financial Statements For the year ended 31 December 2025

(1) General Information
The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is C/O Faulkers Fish Farm, Faulkers Lane, Burgh Le Marsh, Skegness, Lincolnshire, PE24 5HW.
(2) Statement of compliance
These individual financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A and Companies Act 2006, as applicable to companies subject to the small companies' regime.
(3) Significant Accounting Policies
Basis of Preparation
The financial statements have been prepared on the historical cost basis and in accordance with the Companies Act 2006. The presentation and functional currency of the company is pounds sterling. The financial statements are presented in pound units (£) unless stated otherwise.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. The company recognises revenue when the amount of revenue can be measured reliably, when it is probable that future economic benefits will flow to the entity and when specific criteria have been met as described below.
Sale of goods
Sales of goods are recognised when the company has delivered the goods to the customer, no other significant obligation remains unfulfilled that may affect the customer's acceptance of the products and risks and rewards of ownership have transferred to them.
Property, plant and equipment
Property, plant and equipment is stated at cost less accumulated depreciation and impairment losses. Part of an item of property, plant and equipment having different useful lives are accounted for as separate items. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives, using the straight-line method. The estimated useful lives, residual values and depreciation method are reviewed at the end of each reporting period, with the effect of any changes in estimate accounted for on a prospective basis. Depreciation is provided to write off the cost less estimated residual value, of each asset over its expected useful life as follows:
Asset class and depreciation rate
Land and Buildings |
Plant and Machinery | 25% reducing balance
Short Leasehold Properties |
Investment Properties |
Long Leasehold Properties |
Commercial Vehicles |
Fixtures and Fittings | 25% reducing balance
Equipment |
Motor Cars | 25% reducing balance
Inventories
Inventories are measured at the lower of cost and net realisable value. Costs of inventories are determined on a first-in-first-out basis. Net realisable value represents the estimated selling price for inventories less all estimated costs necessary to make the sale.
Taxation
Taxation expense represents the aggregate amount of current tax and deferred tax recognised in the reporting period.
Current Tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit before tax as reported in the income statement 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 current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred Tax
A deferred tax asset or liability is recognised for tax recoverable or payable in future periods in respect of transactions and events recognised in the financial statements of current and previous periods. Deferred tax arises from timing differences that are differences between taxable profits and total comprehensive income as stated in the financial statements. Timing differences result from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in the financial statements. Deferred tax is recognised on all timing differences at the reporting date apart from certain exceptions. Unrelieved tax losses and other deferred tax assets are only recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax liabilities and assets 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.
Employee benefits
Payments to defined contribution retirement benefit plans are recognised as an expense when employees have rendered service entitling them to the contributions. The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.
(4) Employees
During the year, the average number of employees including director was 7 (2024 : 9).
(5) Fixed assets
| Tangible £
Cost |
As at 01 January 2025 | 125,482
Additions | 208,057
Disposals | (42,795)
As at 31 December 2025 | 290,744
Depreciation/Amortisation |
As at 01 January 2025 | 91,032
For the year | 10,829
Write off on disposals | (32,688)
As at 31 December 2025 | 69,173
Net book value |
As at 31 December 2025 | 221,571
As at 31 December 2024 | 34,450