IRIS Accounts Production v24.2.0.383 06288731 Board of Directors 1.1.23 31.12.23 31.12.23 0 0 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh062887312022-12-31062887312023-12-31062887312023-01-012023-12-31062887312021-12-31062887312022-01-012022-12-31062887312022-12-3106288731ns15:EnglandWales2023-01-012023-12-3106288731ns14:Euro2023-01-012023-12-3106288731ns10:Director12023-01-012023-12-3106288731ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3106288731ns10:SmallEntities2023-01-012023-12-3106288731ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3106288731ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3106288731ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3106288731ns10:FullAccounts2023-01-012023-12-310628873112023-01-012023-12-3106288731ns10:Director22023-01-012023-12-3106288731ns10:CompanySecretary12023-01-012023-12-3106288731ns10:RegisteredOffice2023-01-012023-12-3106288731ns5:CurrentFinancialInstruments2023-12-3106288731ns5:CurrentFinancialInstruments2022-12-3106288731ns5:Non-currentFinancialInstruments2023-12-3106288731ns5:Non-currentFinancialInstruments2022-12-3106288731ns5:ShareCapital2023-12-3106288731ns5:ShareCapital2022-12-3106288731ns5:RetainedEarningsAccumulatedLosses2023-12-3106288731ns5:RetainedEarningsAccumulatedLosses2022-12-3106288731ns5:PatentsTrademarksLicencesConcessionsSimilar2023-01-012023-12-3106288731ns5:PlantMachinery2023-01-012023-12-3106288731ns5:IntangibleAssetsOtherThanGoodwill2022-12-3106288731ns5:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-3106288731ns5:IntangibleAssetsOtherThanGoodwill2023-12-3106288731ns5:IntangibleAssetsOtherThanGoodwill2022-12-3106288731ns5:PlantMachinery2022-12-3106288731ns5:PlantMachinery2023-12-3106288731ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3106288731ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-3106288731ns5:Secured2023-12-3106288731ns5:Secured2022-12-310628873112023-01-012023-12-31
REGISTERED NUMBER: 06288731 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

SOCIO FISH LTD

SOCIO FISH LTD (REGISTERED NUMBER: 06288731)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SOCIO FISH LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: Jesus Fernandez Miguez
Jose Fernandez Miguez





SECRETARY: Jesus Fernandez Miguez





REGISTERED OFFICE: Office No. 3
Anchor Warehouse
Anchor Quay
PENRYN
Cornwall
TR10 8GZ





REGISTERED NUMBER: 06288731 (England and Wales)





ACCOUNTANTS: TC Group
The Old Carriage Works
Moresk Road
Truro
Cornwall
TR1 1DG

SOCIO FISH LTD (REGISTERED NUMBER: 06288731)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes €    €   
FIXED ASSETS
Intangible assets 5 239,032 200,379
Tangible assets 6 13,279 -
252,311 200,379

CURRENT ASSETS
Stocks 7,620 34,000
Debtors 7 177,290 208,080
Cash at bank and in hand 767,888 736,911
952,798 978,991
CREDITORS
Amounts falling due within one year 8 (345,833 ) (430,077 )
NET CURRENT ASSETS 606,965 548,914
TOTAL ASSETS LESS CURRENT
LIABILITIES

859,276

749,293

CREDITORS
Amounts falling due after more than one
year

9

-

(76,744

)
NET ASSETS 859,276 672,549

CAPITAL AND RESERVES
Called up share capital 148 148
Retained earnings 859,128 672,401
SHAREHOLDERS' FUNDS 859,276 672,549

SOCIO FISH LTD (REGISTERED NUMBER: 06288731)

BALANCE SHEET - continued
31 DECEMBER 2023


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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 26 September 2024 and were signed on its behalf by:





Jose Fernandez Miguez - Director


SOCIO FISH LTD (REGISTERED NUMBER: 06288731)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Socio Fish Ltd 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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 fixed assets
The intangible assets represent fishing licences and quotas. Amortisation is provided at 20% on cost per annum to write off each asset over its estimated useful life.

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 - 33% on cost, 15% on cost and 10% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Short term debtors are measured at transaction price, less any impairment.

Investments comprise investments in unquoted equity instruments which are initially recognised at cost. Changes in fair value are recognised in profit or loss.

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

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.


SOCIO FISH LTD (REGISTERED NUMBER: 06288731)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

3. ACCOUNTING POLICIES - continued
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.

Foreign currencies
Assets and liabilities in currencies other than euros are translated at the exchange rate ruling at the balance sheet date. Transactions in currencies other than euros are translated at the exchange rate ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating result.

4. EMPLOYEES AND DIRECTORS

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

5. INTANGIBLE FIXED ASSETS
Other
intangible
assets
€   
COST
At 1 January 2023 2,617,307
Additions 126,445
At 31 December 2023 2,743,752
AMORTISATION
At 1 January 2023 2,416,928
Charge for year 87,792
At 31 December 2023 2,504,720
NET BOOK VALUE
At 31 December 2023 239,032
At 31 December 2022 200,379

SOCIO FISH LTD (REGISTERED NUMBER: 06288731)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

6. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
€   
COST
At 1 January 2023 744,944
Additions 15,622
At 31 December 2023 760,566
DEPRECIATION
At 1 January 2023 744,944
Charge for year 2,343
At 31 December 2023 747,287
NET BOOK VALUE
At 31 December 2023 13,279

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
€    €   
Trade debtors 166,571 145,052
Other debtors 10,719 63,028
177,290 208,080

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
€    €   
Bank loans and overdrafts - 83,721
Trade creditors 288,951 219,147
Taxation and social security 51,243 80,216
Other creditors 5,639 46,993
345,833 430,077

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
€    €   
Bank loans - 76,744

10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
€    €   
Bank loans - 160,465

The bank loans are secured on the fishing vessel owned by the company.

SOCIO FISH LTD (REGISTERED NUMBER: 06288731)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

11. RELATED PARTY DISCLOSURES

During the year the company had the following transactions with Pesquera Mareixon S.L. which owns a
controlling shareholding in the company.

2023 2022
> Management charges 120,074 135,901
> Wages recharge 293,868 309,946

Dividends of €0 (2022- €0) were declared in favour of Pesquera Mareixon S.L.

As at the year-end €137,297 was owed to (2022 - €93,354 ) Pesquera Mareixon S.L. This is shown within trade creditors.

12. ULTIMATE CONTROLLING PARTY

The directors of Pesquera Mareixon S.L. are considered to be the ultimate controlling party.