Classic Carp Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09168223 (England and Wales)

Unaudited Financial Statements for the Year Ended 31st August 2020

for

Classic Carp Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

O T M Browne

AJ Silvester

J M Spilsbury

REGISTERED OFFICE:

1st Floor

28 Market Place

Grantham

Lincolnshire

NG31 6LR

REGISTERED NUMBER:

09168223 (England and Wales)

ACCOUNTANTS:

Hood Parkes & Co

1st Floor

28 Market Place

Grantham

Lincolnshire

NG31 6LR

FIXED ASSETS

Tangible assets

4

122,213

127,633

CURRENT ASSETS

Stocks

120,000

83,273

Debtors

5

4,676

7,143

Cash at bank

9,335

6,190

134,011

96,606

CREDITORS

Amounts falling due within one year

6

74,756

139,944

NET CURRENT ASSETS/(LIABILITIES)

59,255

(43,338

)

TOTAL ASSETS LESS CURRENT LIABILITIES

181,468

84,295

CREDITORS

Amounts falling due after more than one year

7

186,045

120,000

NET LIABILITIES

(4,577

)

(35,705

)

CAPITAL AND RESERVES

Called up share capital

1,900

1,900

Retained earnings

(6,477

)

(37,605

)

SHAREHOLDERS' FUNDS

(4,577

)

(35,705

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st August 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st August 2020 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27th May 2021 and were signed on its behalf by:

AJ Silvester - Director

1.	STATUTORY INFORMATION

Classic Carp 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.

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.

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.

Plant and machinery etc

-

25% on reducing balance and 10% on reducing balance

Stocks

Stocks are a Biological Asset, any growth or loss in value is show within Cost of Goods Sold on the Income Statement.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2019 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1st September 2019

101,169

53,082

154,251

Additions

-

1,162

1,162

At 31st August 2020

101,169

54,244

155,413

DEPRECIATION

At 1st September 2019

-

26,618

26,618

Charge for year

-

6,582

6,582

At 31st August 2020

-

33,200

33,200

NET BOOK VALUE

At 31st August 2020

101,169

21,044

122,213

At 31st August 2019

101,169

26,464

127,633

The title of the land is currently held on behalf of the company in the name of James Spilsbury, a shareholder, and will remain so until such time that the loan owed to James has been repaid in full. At such time the title will be transferred to the company.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Trade debtors

-

1,400

Other debtors

2,500

2,500

Directors' current accounts

327

239

Prepayments and accrued income

1,849

3,004

4,676

7,143

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Trade creditors

712

84

Tax

-

(532

)

VAT

2,177

78

Other creditors

46,511

116,482

Directors' current accounts

623

647

Accruals and deferred income

22,352

21,570

Accrued expenses

2,381

1,615

74,756

139,944

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2020

2019

£

£

Other creditors

186,045

120,000

8.	RELATED PARTY DISCLOSURES

Aquatic Chalks Limited trading as AJS Fisheries

A company in which Mr A J Silvester is a shareholder

During the year, Aquatic Chalks Limited trading as AJS Fisheries provided services and materials to the company of £4882.

2020 2019

£ £

Amount due to related party at the balance sheet date 115 115

_____ _____

James Spilsbury

The majority shareholder of Classic Carp Limited

Interest of £11,074 (2019: £11,261) has been charged on the loan to the company, at the agreed rate of 5% per annum.

O T M Browne

A director of Classic Carp Limited

The amount due to the company of £328 was repaid in full within nine months of the year end.

9.	ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.