Silverfin false false 31/12/2024 01/01/2024 31/12/2024 Edward Fiske 28/01/2019 Karen Fiske 28/01/2019 28 May 2025 The principal activity of the Company during the financial year was that of fishing services. SC619415 2024-12-31 SC619415 bus:Director1 2024-12-31 SC619415 bus:Director2 2024-12-31 SC619415 2023-12-31 SC619415 core:CurrentFinancialInstruments 2024-12-31 SC619415 core:CurrentFinancialInstruments 2023-12-31 SC619415 core:ShareCapital 2024-12-31 SC619415 core:ShareCapital 2023-12-31 SC619415 core:RetainedEarningsAccumulatedLosses 2024-12-31 SC619415 core:RetainedEarningsAccumulatedLosses 2023-12-31 SC619415 core:ComputerEquipment 2023-12-31 SC619415 core:ComputerEquipment 2024-12-31 SC619415 bus:OrdinaryShareClass1 2024-12-31 SC619415 2024-01-01 2024-12-31 SC619415 bus:FilletedAccounts 2024-01-01 2024-12-31 SC619415 bus:SmallEntities 2024-01-01 2024-12-31 SC619415 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 SC619415 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 SC619415 bus:Director1 2024-01-01 2024-12-31 SC619415 bus:Director2 2024-01-01 2024-12-31 SC619415 core:ComputerEquipment core:TopRangeValue 2024-01-01 2024-12-31 SC619415 2023-01-01 2023-12-31 SC619415 core:ComputerEquipment 2024-01-01 2024-12-31 SC619415 bus:OrdinaryShareClass1 2024-01-01 2024-12-31 SC619415 bus:OrdinaryShareClass1 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: SC619415 (Scotland)

EJF FISHING LIMITED

UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2024
PAGES FOR FILING WITH THE REGISTRAR

EJF FISHING LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2024

Contents

EJF FISHING LIMITED

BALANCE SHEET

AS AT 31 DECEMBER 2024
EJF FISHING LIMITED

BALANCE SHEET (continued)

AS AT 31 DECEMBER 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 515 825
515 825
Current assets
Cash at bank and in hand 4,598 24,956
4,598 24,956
Creditors: amounts falling due within one year 4 ( 4,573) ( 24,354)
Net current assets 25 602
Total assets less current liabilities 540 1,427
Provision for liabilities ( 129) ( 140)
Net assets 411 1,287
Capital and reserves
Called-up share capital 5 10 10
Profit and loss account 401 1,277
Total shareholders' funds 411 1,287

For the financial year ending 31 December 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of EJF Fishing Limited (registered number: SC619415) were approved and authorised for issue by the Board of Directors on 28 May 2025. They were signed on its behalf by:

Edward Fiske
Director
EJF FISHING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2024
EJF FISHING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

EJF Fishing Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in Scotland. The address of the Company's registered office is 5a Hutcheon Street, Hopeman, Elgin, IV30 5SQ, Scotland, United Kingdom.

The financial statements have been prepared under the historical cost convention, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Employee benefits

Short term benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Computer equipment 4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Non-financial assets
At each balance sheet date, the company reviews its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss.

Financial assets
Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include deposits held at call with banks.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Basic financial assets
Basic financial assets, which include debtors and bank balances, are measured at transaction price.

Basic financial liabilities
Basic financial liabilities, including creditors, are recognised at transaction price.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Tangible assets

Computer equipment Total
£ £
Cost
At 01 January 2024 1,238 1,238
At 31 December 2024 1,238 1,238
Accumulated depreciation
At 01 January 2024 413 413
Charge for the financial year 310 310
At 31 December 2024 723 723
Net book value
At 31 December 2024 515 515
At 31 December 2023 825 825

4. Creditors: amounts falling due within one year

2024 2023
£ £
Taxation and social security 1,855 17,307
Other creditors 2,718 7,047
4,573 24,354

5. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
10 Ordinary shares of £ 1.00 each 10 10

6. Related party transactions

Transactions with the entity's directors

2024 2023
£ £
Amounts due to directors 23 4,572

This loan is interest free and has no set repayment terms.