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REGISTERED NUMBER: 02114161 (England and Wales)






















Jacinta Limited

Financial Statements for the Year Ended 31st December 2023






Jacinta Limited (Registered number: 02114161)






Contents of the Financial Statements
for the year ended 31st December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Jacinta Limited

Company Information
for the year ended 31st December 2023







DIRECTORS: D Parlevliet
J C Van Der Plas
J Sandell
B Thorsteinsson





SECRETARY: Mackinnons Solicitors





REGISTERED OFFICE: The Orangery
Hesslewood Country Office Park
Ferriby Road
Hessle
East Yorkshire
HU13 0LH





REGISTERED NUMBER: 02114161 (England and Wales)





AUDITORS: Smailes Goldie
Chartered Accountants
Statutory Auditor
Regent's Court
Princess Street
Hull
East Yorkshire HU2 8BA

Jacinta Limited (Registered number: 02114161)

Balance Sheet
31st December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 361,408 368,636
Tangible assets 5 600,000 900,000
961,408 1,268,636

CURRENT ASSETS
Stocks 6 47,680 47,680
Debtors 7 2,687,494 1,780,335
2,735,174 1,828,015
CREDITORS
Amounts falling due within one year 8 3,500 2,850
NET CURRENT ASSETS 2,731,674 1,825,165
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,693,082

3,093,801

PROVISIONS FOR LIABILITIES 146,718 220,997
NET ASSETS 3,546,364 2,872,804

CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Retained earnings 3,545,364 2,871,804
SHAREHOLDERS' FUNDS 3,546,364 2,872,804

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 14th June 2024 and were signed on its behalf by:





J Sandell - Director


Jacinta Limited (Registered number: 02114161)

Notes to the Financial Statements
for the year ended 31st December 2023

1. STATUTORY INFORMATION

Jacinta Limited 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. 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.

The accounting policies set out below have, unless otherwise stated, been applied consistently to all periods presented in these financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows:

Sale of goods

Turnover from the sale of fish is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually on the date of the sales invoice.

Intangible assets
Intangible assets are capitalised at cost and amortised on a straight-line basis over their useful lives less residual value. The useful life of the fishing licences are 30 years.

Tangible fixed assets
Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Fishing vessel - 15 years

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, cost of conversion and other costs incurred in bringing the stock to its present location and condition. Cost is calculated using a first in, first out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.


Jacinta Limited (Registered number: 02114161)

Notes to the Financial Statements - continued
for the year ended 31st December 2023

2. ACCOUNTING POLICIES - continued
Taxation
Current tax represents the amount payable or receivable in respect of the taxable profit or loss for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

Debtors and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1st January 2023
and 31st December 2023 433,688
AMORTISATION
At 1st January 2023 65,052
Charge for year 7,228
At 31st December 2023 72,280
NET BOOK VALUE
At 31st December 2023 361,408
At 31st December 2022 368,636

Jacinta Limited (Registered number: 02114161)

Notes to the Financial Statements - continued
for the year ended 31st December 2023

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st January 2023
and 31st December 2023 4,523,223
DEPRECIATION
At 1st January 2023 3,623,223
Impairments 300,000
At 31st December 2023 3,923,223
NET BOOK VALUE
At 31st December 2023 600,000
At 31st December 2022 900,000

6. STOCKS
2023 2022
£    £   
Fuel, gear and provisions 47,680 47,680

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by group undertakings 2,687,494 1,780,335

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other creditors 3,500 2,850

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1,000 Ordinary £1 1,000 1,000

10. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Peter Dearing BSc FCCA (Senior Statutory Auditor)
for and on behalf of Smailes Goldie

Jacinta Limited (Registered number: 02114161)

Notes to the Financial Statements - continued
for the year ended 31st December 2023

11. CONTINGENT LIABILITIES

The company is party to a joint guarantee with its ultimate parent undertaking and fellow subsidiary
undertakings in respect of the group borrowings which are secured, in part, by mortgages on certain
vessels, fishing licences and quota.The amount relating to the joint guarantee is £18,783,937 (2022: £30,920,876).

12. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Copies of the UK Fisheries Limited accounts have been filed at Companies House, Cardiff, and can be obtained from the Group's registered office at The Orangery, Hesslewood Business Park, Hessle, East Yorkshire.

13. ULTIMATE PARENT COMPANY

The ultimate parent company is UK Fisheries Limited.