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REGISTERED NUMBER: SC450868 (Scotland)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2023

FOR

REBECCA JENEEN LIMITED

REBECCA JENEEN LIMITED (REGISTERED NUMBER: SC450868)






CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


REBECCA JENEEN LIMITED

COMPANY INFORMATION
For The Year Ended 31 May 2023







DIRECTORS: Robert Nicholson Summers
Noreen Summers





REGISTERED OFFICE: Mallaig Fishermen's Cooperative
Station Road
MALLAIG
Inverness-shire
PH41 4PY





REGISTERED NUMBER: SC450868 (Scotland)





ACCOUNTANTS: R A Clement Associates
5 Argyll Square
OBAN
Argyll
PA34 4AZ

REBECCA JENEEN LIMITED (REGISTERED NUMBER: SC450868)

BALANCE SHEET
31 May 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 9,600
Tangible assets 5 487,239 519,793
487,239 529,393

CURRENT ASSETS
Debtors 6 8,303 9,381
Cash at bank 32,089 10,314
40,392 19,695
CREDITORS
Amounts falling due within one year 7 112,291 208,706
NET CURRENT LIABILITIES (71,899 ) (189,011 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

415,340

340,382

CREDITORS
Amounts falling due after more than one
year

8

(153,629

)

(57,359

)

PROVISIONS FOR LIABILITIES (87,294 ) (98,600 )
NET ASSETS 174,417 184,423

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 174,317 184,323
SHAREHOLDERS' FUNDS 174,417 184,423

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

REBECCA JENEEN LIMITED (REGISTERED NUMBER: SC450868)

BALANCE SHEET - continued
31 May 2023


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 2 November 2023 and were signed on its behalf by:





Robert Nicholson Summers - Director


REBECCA JENEEN LIMITED (REGISTERED NUMBER: SC450868)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 May 2023

1. STATUTORY INFORMATION

Rebecca Jeneen Limited is a private company, limited by shares , registered in Scotland. 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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Fishing licence are being amortised evenly over their estimated useful life of ten years.

Boat licence
The Boat licence relates to the fishing vessel 'The Rebecca Janeen' and will be amortised over it's useful life of 10 years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
MV Rebecca Jeneen - 4% on cost
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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.

REBECCA JENEEN LIMITED (REGISTERED NUMBER: SC450868)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 May 2023

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4. INTANGIBLE FIXED ASSETS
Fishing
licence
£   
COST
At 1 June 2022
and 31 May 2023 96,000
AMORTISATION
At 1 June 2022 86,400
Amortisation for year 9,600
At 31 May 2023 96,000
NET BOOK VALUE
At 31 May 2023 -
At 31 May 2022 9,600

5. TANGIBLE FIXED ASSETS
MV
Rebecca Plant and Motor
Jeneen machinery vehicles Totals
£    £    £    £   
COST
At 1 June 2022
and 31 May 2023 776,608 46,546 9,471 832,625
DEPRECIATION
At 1 June 2022 262,776 41,849 8,207 312,832
Charge for year 31,064 1,174 316 32,554
At 31 May 2023 293,840 43,023 8,523 345,386
NET BOOK VALUE
At 31 May 2023 482,768 3,523 948 487,239
At 31 May 2022 513,832 4,697 1,264 519,793

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 8,303 9,381

REBECCA JENEEN LIMITED (REGISTERED NUMBER: SC450868)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 May 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 37,970 43,559
Taxation and social security 8,279 8,863
Other creditors 66,042 156,284
112,291 208,706

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 153,629 57,359