LDC AQUARIUM LIMITED


Director	Mr M Vollers


Company Secretary	Ms L Allam


Registered Address	The Lake District Coast Aquarium
	South Quay
	Maryport
	CA15 8AB


Registered Number	03645444 (England and Wales)

Statement of Financial Position
31 March 2026

	Notes	2026		2025
		£	£	£	£
Fixed assets
Intangible assets	3		10,664		21,330
Tangible assets	4		70,486		82,187
			81,150		103,517
Current assets
Stocks	5	75,923		76,887
Debtors	6	2,544		2,544
Cash at bank and on hand		220,113		228,008
		298,580		307,439
Creditors amounts falling due within one year	7	(110,222)		(158,947)
Net current assets (liabilities)			188,358		148,492
Total assets less current liabilities			269,508		252,009
Provisions for liabilities	8		(5,910)		(6,352)
Net assets			263,598		245,657
Capital and reserves
Called up share capital			502		502
Profit and loss account			263,096		245,155
Shareholders' funds			263,598		245,657

The company was entitled to exemption from audit for this reporting period 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 Director acknowledges 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 provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 28 September 2026, and are signed on its behalf by:

Mr M Vollers
Director
Registered Company No. 03645444

LDC AQUARIUM LIMITED

Notes to the Financial Statements
for the year ended 31 March 2026

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Basis of preparation
	The financial statements have been prepared under the historical cost convention on a going concern basis unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and the rendering of services.

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Interest income
	Interest income is recognised using the effective interest rate method.

	Current taxation
	Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 

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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Intangible assets
	Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement Depreciation is provided on all tangible fixed assets as follows:

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost or valuation less depreciation. 

The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement

Depreciation is provided on all tangible fixed assets as follows:


	Reducing balance (%)	Straight line (years)
Land and buildings	-	20
Vehicles	25	-
Office Equipment	25	-

	Stocks and work in progress
	Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).

	Trade and other creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

2.	Average number of employees


		2026		2025
	Average number of employees during the year	35		34

3.	Intangible assets

	Other	Total
	£	£
Cost or valuation
At 01 April 25	213,331	213,331
At 31 March 26	213,331	213,331
Amortisation and impairment
At 01 April 25	192,001	192,001
Charge for year	10,666	10,666
At 31 March 26	202,667	202,667
Net book value
At 31 March 26	10,664	10,664
At 31 March 25	21,330	21,330

4.	Tangible fixed assets

	Land & buildings	Plant & machinery	Vehicles	Total
	£	£	£	£
Cost or valuation
At 01 April 25	200,669	218,838	11,564	431,071
Additions	-	4,348	-	4,348
At 31 March 26	200,669	223,186	11,564	435,419
Depreciation and impairment
At 01 April 25	141,328	196,205	11,351	348,884
Charge for year	10,033	5,962	54	16,049
At 31 March 26	151,361	202,167	11,405	364,933
Net book value
At 31 March 26	49,308	21,019	159	70,486
At 31 March 25	59,341	22,633	213	82,187

5.	Stocks

	2026	2025
	£	£
Raw materials and consumables	75,923	76,887
Total	75,923	76,887

6.	Debtors: amounts due within one year

	2026	2025
	£	£
Prepayments and accrued income	2,544	2,544
Total	2,544	2,544

7.	Creditors: amounts due within one year

	2026	2025
	£	£
Trade creditors / trade payables	19,390	30,093
Taxation and social security	48,530	50,947
Other creditors	38,699	72,664
Accrued liabilities and deferred income	3,603	5,243
Total	110,222	158,947

8.	Provisions for liabilities

	2026	2025
	£	£
Net deferred tax liability (asset)	5,910	6,352
Total	5,910	6,352