Noah Marine Limited 14141769 false 2022-05-30 2022-12-31 2022-12-31 The principal activity of the company is deepsea fishing Digita Accounts Production Advanced 6.30.9574.0 true true 14141769 2022-05-30 2022-12-31 14141769 2022-12-31 14141769 bus:OrdinaryShareClass1 bus:Non-cumulativeShares 2022-12-31 14141769 core:RetainedEarningsAccumulatedLosses 2022-12-31 14141769 core:ShareCapital 2022-12-31 14141769 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-31 14141769 core:PatentsTrademarksLicencesConcessionsSimilar 2022-12-31 14141769 core:FurnitureFittingsToolsEquipment 2022-12-31 14141769 bus:SmallEntities 2022-05-30 2022-12-31 14141769 bus:AuditExemptWithAccountantsReport 2022-05-30 2022-12-31 14141769 bus:FullAccounts 2022-05-30 2022-12-31 14141769 bus:SmallCompaniesRegimeForAccounts 2022-05-30 2022-12-31 14141769 bus:RegisteredOffice 2022-05-30 2022-12-31 14141769 bus:Director1 2022-05-30 2022-12-31 14141769 bus:Director2 2022-05-30 2022-12-31 14141769 bus:Director3 2022-05-30 2022-12-31 14141769 bus:OrdinaryShareClass1 bus:Non-cumulativeShares 2022-05-30 2022-12-31 14141769 bus:PrivateLimitedCompanyLtd 2022-05-30 2022-12-31 14141769 core:PatentsTrademarksLicencesConcessionsSimilar 2022-05-30 2022-12-31 14141769 core:FurnitureFittingsToolsEquipment 2022-05-30 2022-12-31 14141769 core:AllAssociates 2022-05-30 2022-12-31 14141769 countries:AllCountries 2022-05-30 2022-12-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 14141769

Noah Marine Limited

Annual Report and Unaudited Financial Statements

for the Period from 30 May 2022 to 31 December 2022

 

Noah Marine Limited

Contents
__________________________________________________________________________

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 7

 

Noah Marine Limited

Company Information
__________________________________________________________________________

Directors

Ricardo Hermida Barbato

Francisco Rodriguez Blanco

Maria Hermida

Registered office

Viewlands
Broomehall Road
Coldharbour
Dorking
Surrey
RH5 6HJ


 

Accountants

Brooks Green
Chartered Accountants
Abbey House
342 Regents Park Road
London
N3 2LJ

 

Noah Marine Limited

(Registration number: 14141769)
Balance Sheet as at 31 December 2022
__________________________________________________________________________

Note

2022
£

   

 

fixed assets

   

Intangible assets

3

 

2,023,479

tangible assets

4

 

555,662

   

2,579,141

Current assets

   

Debtors

5

5,415

 

Cash at bank and in hand

 

202,665

 

 

208,080

 

Creditors: Amounts falling due within one year

6

(3,094,774)

 

Net current liabilities

   

(2,886,694)

Net liabilities

   

(307,553)

capital and reserves

   

Called up share capital

100

 

Profit and loss account

(307,653)

 

Total equity

   

(307,553)

For the financial period ending 31 December 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements 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.

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 Profit and Loss Account has been taken.

Approved and authorised by the Board on 14 November 2023 and signed on its behalf by:
 

.........................................
Ricardo Hermida Barbato
Director

 

Noah Marine Limited

(Registration number: 14141769)
Balance Sheet as at 31 December 2022
__________________________________________________________________________

.........................................
Francisco Rodriguez Blanco
Director

.........................................
Maria Hermida
Director

 

Noah Marine Limited

Notes to the Unaudited Financial Statements for the Period from 30 May 2022 to 31 December 2022
__________________________________________________________________________

1

Accounting policies

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.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Intangible assets

Separately acquired trademarks and licences are shown at historical cost.

Trademarks, licences (including software) and customer-related intangible assets acquired in a business combination are recognised at fair value at the acquisition date.

Trademarks, licences and customer-related intangible assets have a finite useful life and are carried at cost less accumulated amortisation and any accumulated impairment losses.

 

Noah Marine Limited

Notes to the Unaudited Financial Statements for the Period from 30 May 2022 to 31 December 2022
__________________________________________________________________________

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

2

Staff numbers

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

 

Noah Marine Limited

Notes to the Unaudited Financial Statements for the Period from 30 May 2022 to 31 December 2022
__________________________________________________________________________

3

Intangible assets

Trademarks, patents and licenses
 £

Total
£

Cost or valuation

Additions acquired separately

2,260,870

2,260,870

At 31 December 2022

2,260,870

2,260,870

Amortisation

Amortisation charge

237,391

237,391

At 31 December 2022

237,391

237,391

Carrying amount

At 31 December 2022

2,023,479

2,023,479

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

Additions

575,816

575,816

At 31 December 2022

575,816

575,816

Depreciation

Charge for the period

20,154

20,154

At 31 December 2022

20,154

20,154

Carrying amount

At 31 December 2022

555,662

555,662

5

Debtors

Current

2022
£

Trade debtors

2,940

Other debtors

2,475

 

5,415

 

Noah Marine Limited

Notes to the Unaudited Financial Statements for the Period from 30 May 2022 to 31 December 2022
__________________________________________________________________________

6

Creditors

Creditors: amounts falling due within one year

2022
£

Due within one year

trade creditors

266,938

Other creditors

2,827,836

3,094,774

7

Share capital

Allotted, called up and fully paid shares

 

2022

 

No.

£

Ordinary of £1 each

100

100

     

8

Related party transactions

Summary of transactions with associates

50% of the shares of the company are owned by Global Pesca Limited registration number 08719513.
At the year end the company owed Global Pesca Limited £1,412,993. This amount is interest free and has no fixed repayment date.

50% of the shares of the company are owned by Ondar Fishing Company Limited registration number 01560356.
At the year end the company owed Ondar Fishing Company Limited £1,412,993. This amount is interest free and has no fixed repayment date.