Classic Carp Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 09168223 (England and Wales)

Unaudited Financial Statements for the Year Ended 31st August 2023

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

122,981

127,871

CURRENT ASSETS

Stocks

250,000

200,000

Debtors

5

10,695

6,701

Cash at bank

11,086

4,352

271,781

211,053

CREDITORS

Amounts falling due within one year

6

142,501

91,019

NET CURRENT ASSETS

129,280

120,034

TOTAL ASSETS LESS CURRENT LIABILITIES

252,261

247,905

CREDITORS

Amounts falling due after more than one year

7

105,576

155,576

NET ASSETS

146,685

92,329

CAPITAL AND RESERVES

Called up share capital

1,900

1,900

Revaluation reserve

8

30,000

53,000

Retained earnings

114,785

37,429

SHAREHOLDERS' FUNDS

146,685

92,329

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st August 2023 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 25th February 2024 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 (2022 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1st September 2022

101,169

70,510

171,679

Additions

-

173

173

Disposals

-

(1,229

)

(1,229

)

At 31st August 2023

101,169

69,454

170,623

DEPRECIATION

At 1st September 2022

-

43,808

43,808

Charge for year

-

4,270

4,270

Eliminated on disposal

-

(436

)

(436

)

At 31st August 2023

-

47,642

47,642

NET BOOK VALUE

At 31st August 2023

101,169

21,812

122,981

At 31st August 2022

101,169

26,702

127,871

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

2023

2022

£

£

Other debtors

10,695

6,701

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Trade creditors

906

2,659

Taxation and social security

19,832

1,060

Other creditors

121,763

87,300

142,501

91,019

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2023

2022

£

£

Other creditors

105,576

155,576

8.

RESERVES

Revaluation

reserve

£

At 1st September 2022

53,000

Stock Revaluation

(23,000

)

At 31st August 2023

30,000

9.	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 £75,967 (2022: £30,200).

2023 2022

£ £

Amount due from related party at the balance sheet date NIL 293

_____ _____

James Spilsbury

The majority shareholder of Classic Carp Limited

Interest of £NIL (2022: £NIL) has been charged on the loan to the company.

10.	ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.