Billingsgate_Traders_Limi - Accounts

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 December 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.

Billingsgate Traders Limited is a private company limited by shares incorporated in England and Wales. The registered office is Office 36, Billingsgate Market, Trafalgar Way, London, E14 5ST.

These financial statements have been prepared in accordance with Section 1A of FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest pound.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

The Company's balance sheet as at the 31 December 2019 shows an excess of liabilities over assets of £7,491 (2018: £7,491). The company meets its capital requirements through financial support given by London Fish Merchants' Association (Billingsgate) Limited, a company related by virtue of common directorship.

The Company has received confirmation from London Fish Merchants' Association (Billingsgate) Limited that the amounts owed to them will not be called for payment for at least one year from the date the balance sheet was signed. For this reason the Director believes that it is appropriate for these financial statements to be prepared on a going concern basis.

The Company only has basic financial instruments measured at amortised cost, with no financial instruments classified as other or basic instruments measured at fair value.

Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

The average monthly number of persons (including directors) employed by the company during the year was 0 (2018: 0).

At the year end, the company owed £5,991 to (2018: £5,991) London Fish Merchants Association (Billingsgate) Limited (Limited by guarantee). Billingsgate Traders Limited and London Fish Merchants Association (Billingsgate) Limited (Limited by guarantee) are related companies by virtue of common directorship.