REGISTERED NUMBER: 06325672 (England and Wales)

Four Seasons Fisheries Limited

Unaudited Financial Statements

for the Year Ended 31 December 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

JM Wills

REGISTERED OFFICE:

103 Staining Road

Staining

Blackpool

Lancashire

FY3 0AY

REGISTERED NUMBER:

06325672 (England and Wales)

ACCOUNTANTS:

McMillan & Co LLP

Chartered Accountants

28 Eaton Avenue

Matrix Office Park

Buckshaw Village

Chorley

Lancashire

PR7 7NA

FIXED ASSETS

Tangible assets

4

643,737

671,577

CURRENT ASSETS

Stocks

243,500

256,000

Debtors

5

12,672

13,561

Cash at bank

7,083

6,190

263,255

275,751

CREDITORS

Amounts falling due within one year

6

99,160

109,345

NET CURRENT ASSETS

164,095

166,406

TOTAL ASSETS LESS CURRENT LIABILITIES

807,832

837,983

CREDITORS

Amounts falling due after more than one year

7

850,000

920,000

NET LIABILITIES

(42,168

)

(82,017

)

CAPITAL AND RESERVES

Called up share capital

8

2

2

Retained earnings

(42,170

)

(82,019

)

SHAREHOLDERS' FUNDS

(42,168

)

(82,017

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 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 11 September 2026 and were signed by:

JM Wills - Director

1.	STATUTORY INFORMATION

Four Seasons Fisheries 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.

The presentation currency of the financial statements is the Pound Sterling (£).

The amounts in the financial statements have been rounded to the nearest £1.

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.

Going Concern

Notwithstanding the deficiency in net assets, the financial statements have been prepared on the going concern basis as the director has indicated his willingness to continue to support the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

not provided

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

20% on reducing balance

Freehold land is not depreciated. No depreciation is provided on the company's freehold buildings as the directors consider that the lives of these assets are so long and residual values, based on prices prevailing at the time of acquisition, are sufficiently high that any depreciation would be immaterial. Provision is made in the profit and loss account in the event of any permanent diminution in the value of the properties.

Stocks

Raw material items such as feeds are valued at the lower of cost and net realisable value. Fish stocks are valued at the lower of cost and net realisable value. Cost includes the initial purchase cost of the fish plus all direct expenditure and direct overheads incurred to the relevant stage of growth of the fish stocks. Net realisable value is the estimated resale value of those fish to other commercial fisheries less any costs of sale.

Financial instruments

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument. Basic financial assets, which include debtors, prepayments and bank balances, are initially measured at transaction price and are subsequently carried at cost unless the arrangement indicates otherwise and then the asset is measured at the present value of the future receipts discounted at a market rate of interest. Basic financial liabilities, which include creditors, accruals, bank loans and group borrowings, are initially recognised at transaction price and are subsequently carried at cost unless the arrangement indicates otherwise and then the liability is measured at the present value of the future obligations discounted at a market rate of interest.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1 January 2025

540,239

242,403

63,995

59,490

906,127

Additions

12,007

-

1,764

-

13,771

Disposals

-

-

-

(59,490

)

(59,490

)

At 31 December 2025

552,246

242,403

65,759

-

860,408

DEPRECIATION

At 1 January 2025

22,259

139,824

44,667

27,800

234,550

Charge for year

-

6,244

3,677

-

9,921

Eliminated on disposal

-

-

-

(27,800

)

(27,800

)

At 31 December 2025

22,259

146,068

48,344

-

216,671

NET BOOK VALUE

At 31 December 2025

529,987

96,335

17,415

-

643,737

At 31 December 2024

517,980

102,579

19,328

31,690

671,577

In 2012 the directors reviewed the carrying amount of tangible fixed assets and an impairment charge of £22,259 was made against freehold property to reduce the value to the higher of net realisable value and value in use.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

-

425

Prepayments and accrued income

12,672

13,136

12,672

13,561

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

-

15

Trade creditors

-

6,357

Amounts owed to associates

88,557

89,692

VAT

-

249

Directors' current accounts

7,612

9,906

Accruals and deferred income

2,991

3,126

99,160

109,345

Included in other creditors is the director's current account totalling £7,612 (2024: £9,906) It is unsecured and interest free.

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Directors' loan accounts

850,000

920,000

Included in other creditors is the director's loan account totalling £850,000 (2024: £920,000) It is unsecured and interest free.

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

2

Ordinary

£1

2

2

9.	RELATED PARTY DISCLOSURES

In the directors opinion the company is controlled by Mr JM Wills.