Caseware UK (AP4) 2023.0.135 2023.0.135 2023-04-01falseMarine fishing1818falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. NI018229 2023-04-01 2024-03-31 NI018229 2022-04-01 2023-03-31 NI018229 2024-03-31 NI018229 2023-03-31 NI018229 2022-04-01 NI018229 2 2022-04-01 2023-03-31 NI018229 d:Director1 2023-04-01 2024-03-31 NI018229 d:Director2 2023-04-01 2024-03-31 NI018229 d:Director3 2023-04-01 2024-03-31 NI018229 d:RegisteredOffice 2023-04-01 2024-03-31 NI018229 d:Agent1 2023-04-01 2024-03-31 NI018229 d:Agent2 2023-04-01 2024-03-31 NI018229 d:Agent3 2023-04-01 2024-03-31 NI018229 e:Buildings 2023-04-01 2024-03-31 NI018229 e:Buildings 2024-03-31 NI018229 e:Buildings 2023-03-31 NI018229 e:Buildings e:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 NI018229 e:Buildings e:LongLeaseholdAssets 2023-04-01 2024-03-31 NI018229 e:PlantMachinery 2023-04-01 2024-03-31 NI018229 e:PlantMachinery 2024-03-31 NI018229 e:PlantMachinery 2023-03-31 NI018229 e:PlantMachinery e:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 NI018229 e:MotorVehicles 2023-04-01 2024-03-31 NI018229 e:MotorVehicles 2024-03-31 NI018229 e:MotorVehicles 2023-03-31 NI018229 e:MotorVehicles e:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 NI018229 e:OfficeEquipment 2023-04-01 2024-03-31 NI018229 e:OfficeEquipment 2024-03-31 NI018229 e:OfficeEquipment 2023-03-31 NI018229 e:OfficeEquipment e:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 NI018229 e:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 NI018229 e:Goodwill 2024-03-31 NI018229 e:Goodwill 2023-03-31 NI018229 e:CurrentFinancialInstruments 2024-03-31 NI018229 e:CurrentFinancialInstruments 2023-03-31 NI018229 e:CurrentFinancialInstruments e:WithinOneYear 2024-03-31 NI018229 e:CurrentFinancialInstruments e:WithinOneYear 2023-03-31 NI018229 e:ShareCapital 2024-03-31 NI018229 e:ShareCapital 2022-04-01 2023-03-31 NI018229 e:ShareCapital 2023-03-31 NI018229 e:ShareCapital 2022-04-01 NI018229 e:CapitalRedemptionReserve 2023-04-01 2024-03-31 NI018229 e:CapitalRedemptionReserve 2024-03-31 NI018229 e:CapitalRedemptionReserve 2023-03-31 NI018229 e:CapitalRedemptionReserve 2022-04-01 NI018229 e:CapitalRedemptionReserve 2 2022-04-01 2023-03-31 NI018229 e:OtherMiscellaneousReserve 2024-03-31 NI018229 e:OtherMiscellaneousReserve 2023-03-31 NI018229 e:OtherMiscellaneousReserve 2022-04-01 NI018229 e:OtherMiscellaneousReserve 2 2022-04-01 2023-03-31 NI018229 e:RetainedEarningsAccumulatedLosses 2023-04-01 2024-03-31 NI018229 e:RetainedEarningsAccumulatedLosses 2024-03-31 NI018229 e:RetainedEarningsAccumulatedLosses 2022-04-01 2023-03-31 NI018229 e:RetainedEarningsAccumulatedLosses 2023-03-31 NI018229 e:RetainedEarningsAccumulatedLosses 2022-04-01 NI018229 e:RetainedEarningsAccumulatedLosses 2 2022-04-01 2023-03-31 NI018229 e:AcceleratedTaxDepreciationDeferredTax 2024-03-31 NI018229 e:AcceleratedTaxDepreciationDeferredTax 2023-03-31 NI018229 e:TaxLossesCarry-forwardsDeferredTax 2024-03-31 NI018229 e:TaxLossesCarry-forwardsDeferredTax 2023-03-31 NI018229 d:OrdinaryShareClass1 2023-04-01 2024-03-31 NI018229 d:OrdinaryShareClass1 2024-03-31 NI018229 d:OrdinaryShareClass1 2023-03-31 NI018229 d:OrdinaryShareClass2 2023-04-01 2024-03-31 NI018229 d:OrdinaryShareClass2 2024-03-31 NI018229 d:OrdinaryShareClass2 2023-03-31 NI018229 d:OrdinaryShareClass3 2023-04-01 2024-03-31 NI018229 d:OrdinaryShareClass3 2024-03-31 NI018229 d:OrdinaryShareClass3 2023-03-31 NI018229 d:FRS102 2023-04-01 2024-03-31 NI018229 d:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 NI018229 d:FullAccounts 2023-04-01 2024-03-31 NI018229 d:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 NI018229 e:WithinOneYear 2024-03-31 NI018229 e:WithinOneYear 2023-03-31 NI018229 e:BetweenOneFiveYears 2024-03-31 NI018229 e:BetweenOneFiveYears 2023-03-31 NI018229 e:Goodwill e:ExternallyAcquiredIntangibleAssets 2023-04-01 2024-03-31 NI018229 2 2023-04-01 2024-03-31 NI018229 e:Goodwill e:OwnedIntangibleAssets 2023-04-01 2024-03-31 NI018229 f:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:shares xbrli:pure

Unaudited Financial Statements
Glenluce Fishing Co. Limited
For the Year Ended 31 March 2024





































Registered number: NI018229

 
Glenluce Fishing Co. Limited
 

Company Information


Directors
Andrew Orr 
James Orr 
Alan Orr 




Registered number
NI018229



Registered office
218 Kilkeel Road
Annalong

Newry

Down

BT34 4TW




Accountants
Grant Thornton (NI) LLP
Chartered Accountants

12 - 15 Donegall Square West

Belfast

BT1 6JH




Bankers
First Trust Bank
33 Greencastle Street

Kilkeel

BT34 4BH





Danske Bank

42 Greencastle Street

Kilkeel

BT34 4BH





AIB Bank

Anvil House

Main Street

Killybegs

Co Donegal





 
Glenluce Fishing Co. Limited
 

Contents



Page
Accountant's Report
1
Balance Sheet
2 - 3
Statement of Changes in Equity
4
Notes to the Financial Statements
5 - 13


  
img5658.png
Independent Accountant's Report to the directors of the unaudited financial statements of Glenluce Fishing Co. Limited for the Year Ended 31 March 2024

In order to assist you fulfil your duties under the Companies Act 2006, we have compiled the financial statements of Glenluce Fishing Co. Limited for the year ended 31 March 2024, which comprise the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes to the financial statements, including a summary of significant accounting policies, from the company's accounting records and from information and explanations you have given to us.

The financial statements have been prepared on the basis set out in the notes to the financial statements.

This report is made solely to the directors of Glenluce Fishing Co. Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely that we might compile the financial statements that we have been engaged to compile, report to the company's directors that we have done so and state those matters that we have agreed to state to the directors of Glenluce Fishing Co. Limited, as a body, in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Glenluce Fishing Co. Limited and its directors, as a body, for our work or for this report.


We have carried out this engagement in accordance with the technical guidance issued by Chartered Accountants Ireland ("the Institute") and have complied with the ethical guidance laid down by the Institute relating to members undertaking the compilation of financial statements.

You have approved the financial statements for the year ended 31 March 2024 and you have acknowledged on the Balance Sheet as at 31 March 2024 your duty to ensure that Glenluce Fishing Co. Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view in accordance with the Companies Act 2006. You consider that Glenluce Fishing Co. Limited is exempt from the statutory audit requirement for the year ended 31 March 2024.

We have not been instructed to carry out an audit or review the financial statements of Glenluce Fishing Co. Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. 




  


Grant Thornton (NI) LLP

Chartered Accountants
12 - 15 Donegall Square West
Belfast
BT1 6JH







Date:   19 August 2024
Page 1

 
Glenluce Fishing Co. Limited
Registered number:NI018229

Balance Sheet
As at 31 March 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 5 
2,080,907
2,107,292

Tangible assets
 6 
2,834,065
3,153,817

  
4,914,972
5,261,109

Current assets
  

Debtors: amounts falling due within one year
 7 
474,373
328,279

Cash at bank and in hand
 8 
3,950,208
3,125,056

  
4,424,581
3,453,335

Creditors: amounts falling due within one year
 9 
(492,883)
(532,582)

Net current assets
  
 
 
3,931,698
 
 
2,920,753

Total assets less current liabilities
  
8,846,670
8,181,862

Provisions for liabilities
  

Deferred tax
 10 
(760,054)
(851,389)

  
 
 
(760,054)
 
 
(851,389)

Net assets
  
8,086,616
7,330,473


Capital and reserves
  

Called up share capital 
 11 
765
765

Capital redemption reserve
 12 
25
25

Capital reserve
 12 
96,746
96,746

Profit and loss account
 12 
7,989,080
7,232,937

  
8,086,616
7,330,473


Page 2

 
Glenluce Fishing Co. Limited
Registered number:NI018229

Balance Sheet (continued)
As at 31 March 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 19 August 2024.




Andrew Orr
Director

The notes on pages 5 to 13 form part of these financial statements.

Page 3

 
Glenluce Fishing Co. Limited
 

Statement of Changes in Equity
For the Year Ended 31 March 2024


Called up share capital
Capital redemption reserve
Captial reserve
Profit and loss account
Total equity

£
£
£
£
£

At 1 April 2023
765
25
96,746
7,232,937
7,330,473



Profit for the year
-
-
-
1,272,518
1,272,518

Dividends: Equity capital
-
-
-
(516,375)
(516,375)


At 31 March 2024
765
25
96,746
7,989,080
8,086,616



Statement of Changes in Equity
For the Year Ended 31 March 2023


Called up share capital
Capital redemption reserve
Capital reserve
Profit and loss account
Total equity

£
£
£
£
£

At 1 April 2022
90
25
96,746
6,841,922
6,938,783



Profit for the year
-
-
-
935,065
935,065

Dividends: Equity capital
-
-
-
(543,375)
(543,375)

Shares issued during the year
675
-
-
-
675

Transfer: Shares isssued during the year
-
-
-
(675)
(675)


At 31 March 2023
765
25
96,746
7,232,937
7,330,473


The notes on pages 5 to 13 form part of these financial statements.

Page 4

 
Glenluce Fishing Co. Limited
 
 
Notes to the Financial Statements
For the Year Ended 31 March 2024

1.


General information

Glenluce Fishing Co. Limited is a private company limited by shares and incorporated in Northern Ireland. The registered office is 218 Kilkeel Road, Annalong, Newry, BT34 4TW.
The principal activity of the company is that of marine fishing. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies (see note 3).

The following principal accounting policies have been applied:

 
2.2

Going concern

The directors have assessed that there are adequate resources to meet the ongoing costs of the business for a minimum of 12 months from the date of signing the financial statements. For this reason the financial statements have been prepared on a going concern basis which presumes the realisation of assets and liabilities in the normal course of business.

 
2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Comprehensive Income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 5

 
Glenluce Fishing Co. Limited
 

Notes to the Financial Statements
For the Year Ended 31 March 2024

2.Accounting policies (continued)

 
2.4

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.5

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.6

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of Comprehensive Income in the same period as the related expenditure.

 
2.7

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.8

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 6

 
Glenluce Fishing Co. Limited
 

Notes to the Financial Statements
For the Year Ended 31 March 2024

2.Accounting policies (continued)

 
2.9

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.10

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

  
2.11

Intangible assets

License and quotas acquired by the Company are stated at cost less accumulated amortisation and accumulated impairment losses. 
Amortisation is charged to the profit or loss on a straight line basis over the estimated useful lives of the licenses and quotas to their residual values. Intangible assets are amortised from the date they are available for use. The estimated useful life is 10 years. 
Amortisation methods, useful lives and residual values are reviewed if there is an indication of a significant change in any of these since the last annual reporting date.

Page 7

 
Glenluce Fishing Co. Limited
 

Notes to the Financial Statements
For the Year Ended 31 March 2024

2.Accounting policies (continued)

 
2.12

 Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using both the straight line and reducing balance methods.

Depreciation is provided on the following basis:

Long-term leasehold property
-
2%
straight line
Vessels and equipment
-
15%
reducing balance
Motor vehicles
-
25%
reducing balance
Office equipment
-
25%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.13

 Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.14

 Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.15

 Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.16

 Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Page 8

 
Glenluce Fishing Co. Limited
 
 
Notes to the Financial Statements
For the Year Ended 31 March 2024

3.


Judgments in applying accounting policies and key sources of estimation uncertainty

Estimates and judgements are required when applying accounting policies. These are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
The company makes estimates and assumptions concerning the future, which can involve a high degree of judgement or complexity. The resulting accounting estimates will, by definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are addressed below:
a) Recoverability of debtors
Estimates are made in respect of the recoverable value of trade and other debtors. When assessing the level of provisions required, factors including current trading experience, historical experience and the ageing profile of debtors are considered.
b) Useful economic lives of tangible assets and intangible assets
The annual depreciation/amortisation charge for tangible/intangible assets is sensitive to changes in the
estimated useful economic lives and residual values of the assets. The useful economic lives and residual
values are re-assessed annually. They are amended when necessary to reflect current estimates, based on
future investments, economic utilisation and the physical condition of the assets


4.


Employees

The average monthly number of employees, including directors, during the year was 18 (2023 - 18).

Page 9

 
Glenluce Fishing Co. Limited
 
 
Notes to the Financial Statements
For the Year Ended 31 March 2024

5.


Intangible assets




Licences

£



Cost


At 1 April 2023
2,634,569


Additions
109,500



At 31 March 2024

2,744,069



Amortisation


At 1 April 2023
527,278


Charge for the year
135,884



At 31 March 2024

663,162



Net book value



At 31 March 2024
2,080,907



At 31 March 2023
2,107,291



Page 10

 
Glenluce Fishing Co. Limited
 
 
Notes to the Financial Statements
For the Year Ended 31 March 2024

6.


Tangible fixed assets





Leasehold property
Vessels and equipment
Motor vehicles
Office equipment
Total

£
£
£
£
£



Cost or valuation


At 1 April 2023
-
6,919,950
149,300
25,046
7,094,296


Additions
91,929
29,362
52,335
-
173,626


Disposals
-
-
(45,950)
-
(45,950)



At 31 March 2024

91,929
6,949,312
155,685
25,046
7,221,972



Depreciation


At 1 April 2023
-
3,823,615
95,749
21,115
3,940,479


Charge for the year
1,226
466,802
15,566
983
484,577


Disposals
-
-
(37,149)
-
(37,149)



At 31 March 2024

1,226
4,290,417
74,166
22,098
4,387,907



Net book value



At 31 March 2024
90,703
2,658,895
81,519
2,948
2,834,065



At 31 March 2023
-
3,096,335
53,551
3,931
3,153,817


7.


Debtors

2024
2023
£
£


Trade debtors
365,217
200,000

Other debtors
18,421
22,637

Prepayments and accrued income
90,735
105,642

474,373
328,279



8.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
3,950,208
3,125,056

3,950,208
3,125,056


Page 11

 
Glenluce Fishing Co. Limited
 
 
Notes to the Financial Statements
For the Year Ended 31 March 2024

9.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
236,973
234,475

Corporation tax
244,960
288,107

Accruals and deferred income
10,950
10,000

492,883
532,582



10.


Deferred taxation




2024
2023


£

£






At beginning of year
(851,389)
(951,371)


Charged to profit or loss
91,335
99,982



At end of year
(760,054)
(851,389)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
725,475
816,810

Rolled over capital gains
34,579
34,579

760,054
851,389


11.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



75 (2023 - 75) 'A' Ordinary shares of £1.00 each
75
75
15 (2023 - 15) 'B' Ordinary shares of £1.00 each
15
15
675 (2023 - 675) 'C' Ordinary shares of £1.00 each
675
675

765

765


Page 12

 
Glenluce Fishing Co. Limited
 
 
Notes to the Financial Statements
For the Year Ended 31 March 2024

12.


Reserves

Capital redemption reserve

Includes the nominal value of shares repurchased by the company. 

Profit and loss account

This includes all current and prior period retained profit and losses. 


13.


Commitments under operating leases

At 31 March 2024 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023
£
£


Not later than 1 year
8,752
26,256

Later than 1 year and not later than 5 years
-
8,752

8,752
35,008

During the year £34,250 was recognised as an expense in the profit and loss account in respect of vessel and equipment's operating lease (2022: £34,250). 


14.


Related party transactions

There are no related party transactions requiring disclosure in these financial statements.


15.


Controlling party

The ultimate controlling party is Andrew Orr by virtue of his shareholding. 


Page 13