Fishlake Investments Limited - Period Ending 2023-06-30

Fishlake Investments Limited

(Registration number: 14479772)

Balance Sheet as at 30 June 2023

	Note	2023 £
Fixed assets
Investments	3	451,006
Current assets
Debtors	4	289,338
Creditors: Amounts falling due within one year	5	(740,244)
Net current liabilities		(450,906)
Net assets		100
Capital and reserves
Called up share capital		100
Shareholders' funds		100

For the financial period ending 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Director's Report and the Profit and Loss Account has been taken.

These financial statements, which have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with the provisions of FRS 102 Section 1A Small Entities, were approved and authorised for issue by the director on 26 March 2024
 

.........................................

J M McGill
Director

Fishlake Investments Limited

Notes to the Unaudited Financial Statements for the Period from 11 November 2022 to 30 June 2023

1	Accounting policies

Statutory information

Fishlake Investments Limited is a private company, limited by shares, domiciled in England and Wales, company number 14479772. The registered office is at 24a High Street Balby, Doncaster, DN4 0PL.

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value. The presentation currency is United Kingdom pounds sterling, which is the functional currency of the company. The financial statements are those of an individual entity.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured r eliably are measured at cost less impairment.

Interest income on debt securities, where applicable, is recognised in income using the effective i nterest method. Dividends on equity securities are recognised in income when receivable.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the statement of comprehensive income.
 

Fishlake Investments Limited

Notes to the Unaudited Financial Statements for the Period from 11 November 2022 to 30 June 2023 (continued)

2	Staff numbers

The average number of persons employed by the company (including the director) during the period, was 0.

3	Investments

	2023 £
Investments in subsidiaries	451,006

Subsidiaries	£
Cost or valuation
Additions	451,006
Carrying amount
At 30 June 2023	451,006

4

Debtors

	2023 £
Amounts owed by group undertakings	209,956
Other debtors	79,382
	289,338

5

Creditors

	2023 £
Due within one year
Accruals and deferred income	25,200
Other creditors	715,044
	740,244