Classic Carp Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 09168223 (England and Wales)

Unaudited Financial Statements for the Year Ended 31st August 2017

for

Classic Carp Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

O T M Browne

AJ Silvester

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

3

128,232

103,918

CURRENT ASSETS

Stocks

58,220

52,089

Debtors

4

33,037

27,142

Cash at bank and in hand

2,877

8,515

94,134

87,746

CREDITORS

Amounts falling due within one year

5

74,372

64,194

NET CURRENT ASSETS

19,762

23,552

TOTAL ASSETS LESS CURRENT
LIABILITIES

147,994

127,470

CREDITORS

Amounts falling due after more than one
year

6

120,000

NET ASSETS

27,994

7,470

CAPITAL AND RESERVES

Called up share capital

1,900

Retained earnings

26,094

5,570

SHAREHOLDERS' FUNDS

27,994

7,470

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st August 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st August 2017 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 29th May 2018 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

COST

At 1st September 2016

100,394

4,291

104,685

Additions

-

33,000

At 31st August 2017

100,394

37,291

137,685

DEPRECIATION

At 1st September 2016

-

767

Charge for year

-

8,686

At 31st August 2017

-

9,453

NET BOOK VALUE

At 31st August 2017

100,394

27,838

128,232

At 31st August 2016

100,394

3,524

103,918

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.

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

Trade debtors

27,000

22,380

Directors' current accounts

105

122

Prepayments and accrued income

5,932

4,640

33,037

27,142

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

Trade creditors

11,592

13,915

Tax

(1,440

)

3

VAT

2,336

529

Other creditors

46,877

38,931

Directors' current accounts

696

454

Accruals and deferred income

12,536

7,594

Accrued expenses

1,775

2,768

74,372

64,194

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR

2017

2016

£

Other creditors

120,000

7.	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 sold fish to the company for £12,600 and

provided services and materials of £2,447.

2017 2016

£ £

Amount due to related party at the balance sheet date 4338 -

_____ _____

James Spilsbury

The majority shareholder of Classic Carp Limited

Interest of £7,947 (2016: £7,568) has been charged on the loan to the company, at the agreed rate of 5% per

annum (2016: 5% per annum).

O T M Browne

A director of Class Carp Limited

The amount due to the company of £105 was repaid in full within nine months of the year end.

A J Silvester

A Director of Class Carp Limited

2017 2016

£ £

Amount due to related party at the balance sheet date 696 454

____ ____

8.	ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.

Classic Carp Limited - Accounts to registrar (filleted) - small 18.1

Classic Carp Limited - Accounts to registrar (filleted) - small 18.1