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REGISTERED NUMBER: SC308489 (Scotland)















Unaudited Financial Statements

for the Period 1 April 2024 to 20 May 2025

for

Coromandel (Fraserburgh) Ltd.

Coromandel (Fraserburgh) Ltd. (Registered number: SC308489)






Contents of the Financial Statements
for the Period 1 April 2024 to 20 May 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Coromandel (Fraserburgh) Ltd.

Company Information
for the Period 1 April 2024 to 20 May 2025







DIRECTORS: Mr I Mclean
Mrs B Mclean
Mr F G Normandale
Mrs D Normandale





REGISTERED OFFICE: Arnlean
Old Arnbog
Gamrie
Aberdeenshire
AB45 3HJ





REGISTERED NUMBER: SC308489 (Scotland)





ACCOUNTANTS: Asquith Accountants Ltd
Rowan House
7 West Bank
SCARBOROUGH
North Yorkshire
YO12 4DX

Coromandel (Fraserburgh) Ltd. (Registered number: SC308489)

Balance Sheet
20 May 2025

20.5.25 31.3.24
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 15,008

CURRENT ASSETS
Debtors 5 166,431 230,431
Cash at bank 902,260 2,276
1,068,691 232,707
CREDITORS
Amounts falling due within one year 6 317,851 84,975
NET CURRENT ASSETS 750,840 147,732
TOTAL ASSETS LESS CURRENT
LIABILITIES

750,840

162,740

CAPITAL AND RESERVES
Called up share capital 160,000 160,000
Retained earnings 590,840 2,740
750,840 162,740

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 20 May 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 20 May 2025 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 8 July 2025 and were signed on its behalf by:



Mr I Mclean - Director



Mr F G Normandale - Director


Coromandel (Fraserburgh) Ltd. (Registered number: SC308489)

Notes to the Financial Statements
for the Period 1 April 2024 to 20 May 2025

1. STATUTORY INFORMATION

Coromandel (Fraserburgh) 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 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 other than goodwill
Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated amortisation and accumulated impairment losses.

Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably.

Amortisation is recognised so as to write off the cost of valuation of assets less their residual values over their useful lives on the following basis.

Fishing quota - Straight line over 20 years.

Taxation
Taxation for the period 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.

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 period 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2024 - NIL).

Coromandel (Fraserburgh) Ltd. (Registered number: SC308489)

Notes to the Financial Statements - continued
for the Period 1 April 2024 to 20 May 2025

4. LICENSES AND QUOTA
Other
intangible
assets
£   
COST
At 1 April 2024 103,520
Disposals (103,520 )
At 20 May 2025 -
AMORTISATION
At 1 April 2024 88,512
Eliminated on disposal (88,512 )
At 20 May 2025 -
NET BOOK VALUE
At 20 May 2025 -
At 31 March 2024 15,008

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20.5.25 31.3.24
£    £   
Trade debtors 166,431 230,431

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20.5.25 31.3.24
£    £   
Trade creditors 189 15,300
Taxation and social security 307,356 63,475
Other creditors 10,306 6,200
317,851 84,975

7. RELATED PARTY DISCLOSURES

During the year the company leased quota to Normac (Fraserburgh) Ltd. The amount owing to the company at the year end date was £166,431 (£230,431 last year). The companies share the same directors and shareholders.