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REGISTERED NUMBER: SC437414 (Scotland)















Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Summer Rose Fishing Company Ltd

Summer Rose Fishing Company Ltd (Registered number: SC437414)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Summer Rose Fishing Company Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Mr B Harvey
Mrs M Harvey





REGISTERED OFFICE: c/o Denholm Fishselling Ltd
Maxwell Place Industrial Estate
Fraserburgh
Aberdeenshire
AB43 9SX





REGISTERED NUMBER: SC437414 (Scotland)





ACCOUNTANTS: SBP
Accountants
2 Cross Street
Fraserburgh
Aberdeenshire
AB43 9EQ

Summer Rose Fishing Company Ltd (Registered number: SC437414)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £   
CURRENT ASSETS
Debtors 4 76,400 77,856
Cash at bank 56,545 56,842
132,945 134,698
CREDITORS
Amounts falling due within one year 5 53,951 62,811
NET CURRENT ASSETS 78,994 71,887
TOTAL ASSETS LESS CURRENT
LIABILITIES

78,994

71,887

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 78,984 71,877
SHAREHOLDERS' FUNDS 78,994 71,887

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 Statement of Income and Retained Earnings 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:





Mr B Harvey - Director


Summer Rose Fishing Company Ltd (Registered number: SC437414)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Summer Rose Fishing Company Ltd 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 represents amounts receivable for services provided in the normal course of business, net of discounts and VAT. Revenue is recognised to the extent that it is probable that economic benefit will flow to the company and when its value can be measured with a sufficient degree of certainty and reliability. All income is recognised in the accounting period to which it relates.

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

Current 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Other debtors 76,400 77,856

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Taxation and social security 5,237 6,978
Other creditors 48,714 55,833
53,951 62,811

6. RELATED PARTY DISCLOSURES

The Director's operate current accounts with the company and as at 31st December 2023 the combined balance owing to them was £47,649 (2022: £54,686). There are no fixed terms of repayment and no interest is accrued.

The balance of 'Other Debtors' per note 4 comprises an amount of £76,400 (2022: £77,856) due from Orion Fishing Company Ltd a company in which the directors hold a controlling interest.

Summer Rose Fishing Company Ltd (Registered number: SC437414)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

7. ULTIMATE CONTROLLING PARTY

The company is controlled by the directors who own 100% of the issued share capital.