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 2021

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 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

121,926

122,213

CURRENT ASSETS

Stocks

120,000

120,000

Debtors

5

9,109

4,676

Cash at bank

3,053

9,335

132,162

134,011

CREDITORS

Amounts falling due within one year

6

95,243

74,756

NET CURRENT ASSETS

36,919

59,255

TOTAL ASSETS LESS CURRENT LIABILITIES

158,845

181,468

CREDITORS

Amounts falling due after more than one year

7

155,576

186,045

NET ASSETS/(LIABILITIES)

3,269

(4,577

)

CAPITAL AND RESERVES

Called up share capital

1,900

1,900

Retained earnings

1,369

(6,477

)

SHAREHOLDERS' FUNDS

3,269

(4,577

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st August 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st August 2021 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 30th May 2022 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 valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 (2020 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1st September 2020

101,169

54,244

155,413

Additions

-

6,103

6,103

At 31st August 2021

101,169

60,347

161,516

DEPRECIATION

At 1st September 2020

-

33,200

33,200

Charge for year

-

6,390

6,390

At 31st August 2021

-

39,590

39,590

NET BOOK VALUE

At 31st August 2021

101,169

20,757

121,926

At 31st August 2020

101,169

21,044

122,213

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

2021

2020

£

£

Other debtors

4,397

2,500

Directors' current accounts

-

327

Prepayments and accrued income

4,712

1,849

9,109

4,676

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade creditors

6,201

712

Tax

1

-

VAT

959

2,177

Other creditors

51,859

46,511

Directors' current accounts

717

623

Accruals and deferred income

33,925

22,352

Accrued expenses

1,581

2,381

95,243

74,756

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2021

2020

£

£

Other creditors

155,576

186,045

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 £8,732.

2021 2020

£ £

Amount due to related party at the balance sheet date 115

_____ _____

James Spilsbury

The majority shareholder of Classic Carp Limited

Interest of £9,878 (2020: £11,074) has been charged on the loan to the company, at the agreed rate of 5% per annum.

9.	ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.