Company No: 04755623 (England and Wales)

Contents

• Statement of Financial Position
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Investment property	3	4,513,491		4,513,491
Investments	4	2,407,690		2,035,923
		6,921,181		6,549,414
Current assets
Debtors	5	593,081		498,736
Cash at bank and in hand		907,031		1,023,173
		1,500,112		1,521,909
Creditors: amounts falling due within one year	6	( 521,313)		( 539,243)
Net current assets		978,799		982,666
Total assets less current liabilities		7,899,980		7,532,080
Provision for liabilities	7	( 85,351)		( 8,964)
Net assets		7,814,629		7,523,116
Capital and reserves
Called-up share capital	8	2,101		2,101
Revaluation reserve		256,054		0
Profit and loss account		7,556,474		7,521,015
Total shareholders' funds		7,814,629		7,523,116

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

Directors' responsibilities:

• The members have not required the company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Aubrey Fish & Son Limited (registered number: 04755623) were approved and authorised for issue by the Board of Directors. They were signed on its behalf by:

S. Nursey Director

10 November 2025

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Aubrey Fish & Son Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the company's registered office is 35 Ballards Lane, London, N3 1XW, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Statement of Financial Position date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Statement of Income and Retained Earnings in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Turnover

Turnover represent gross property revenue less rent not recoverable and grants of lease extension.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is recognised at cost or effort, which includes the purchase cost and any directly attributable expenditure . Investment properties have not been measured at fair value at the reporting end date, which is not compliant with FRS 102. Fair value could not be measured reliably without undue cost or effort.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Financial instruments

The Company only enters into basic financial instruments and transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to and from related parties and investments in non-puttable ordinary shares.

Financial assets
Basic financial assets, including trade and other debtors, and amounts due from related companies, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Such assets are subsequently carried at amortised cost using the effective interest method.

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in the Statement of Income and Retained Earnings/Statement of Comprehensive Income.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

Financial liabilities
Basic financial liabilities, including trade and other creditors and accruals, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Provisions

Provisions are recognised when the company has a present obligation (legal or constructive) as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Statement of Financial Position date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the company during the year, including directors	2		2

3. Investment property

	Investment property
	£
Cost
As at 01 April 2024	4,513,491
As at 31 March 2025	4,513,491

Investment properties are included in the balance sheet at cost, in that the properties are not accounted for in the financial statements at valuation as required by Section 16 of FRS102.

4. Fixed asset investments

	Listed investments		Total
	£		£
Cost or valuation before impairment
At 01 April 2024	2,035,923		2,035,923
Additions	620,157		620,157
Disposals	( 275,944)		( 275,944)
Movement in fair value	27,554		27,554
At 31 March 2025	2,407,690		2,407,690
Carrying value at 31 March 2025	2,407,690		2,407,690
Carrying value at 31 March 2024	2,035,923		2,035,923

5. Debtors

	2025		2024
	£		£
Trade debtors	91,069		69,309
Prepayments	81,002		80,772
Other debtors	421,010		348,655
	593,081		498,736

6. Creditors: amounts falling due within one year

	2025		2024
	£		£
Trade creditors	199,563		235,599
Amounts owed to directors	300		300
Accruals	15,000		17,480
Taxation and social security	134,997		127,291
Other creditors	171,453		158,573
	521,313		539,243

7. Deferred tax

	2025		2024
	£		£
At the beginning of financial year	( 8,964)		( 8,964)
Charged to the Statement of Income and Retained Earnings	( 76,387)		0
At the end of financial year	( 85,351)		( 8,964)

8. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
60 Ordinary-A shares of £ 1.00 each	60		60
1,020 Ordinary-B shares of £ 1.00 each	1,020		1,020
1,021 Ordinary-C shares of £ 1.00 each	1,021		1,021
	2,101		2,101

9. Related party transactions

Transactions with the entity's directors

	2025		2024
	£		£
Dividends paid to director	66,000		66,000
Remuneration paid to director	57,214		39,000
Director's pension paid	30,000		0

At the balance sheet date, RLA Fish Limited owed £34,829 to the company (2024 - £34,472) a company with directors in common.