Registration number: 5865295

Brisca Fisheries Limited

Contents
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Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 7

Brisca Fisheries Limited

Company Information
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Director

Saleta Trasancos Perez

Company secretary

Eugenio Regal-Pino

Registered office

Viewlands Broomehall Road Coldharbour Surrey RH5 6HJ

Accountants

Brooks Green AccountantsAbbey House 342 Regents Park Road London N3 2LJ

Brisca Fisheries Limited

(Registration number: 5865295)
Balance Sheet as at 31 December 2024
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	Note	2024 £		2023 £
Fixed assets
Intangible assets	3		408,937		430,460
Tangible assets	4		195,177		207,792
			604,114		638,252
Current assets
Debtors	5	2,107		3,181
Cash at bank and in hand		1,176,049		1,331,873
		1,178,156		1,335,054
Creditors: Amounts falling due within one year	6	(449,371)		(400,831)
Net current assets			728,785		934,223
Net assets			1,332,899		1,572,475
Capital and reserves
Called up share capital	7	10,000		10,000
Retained earnings		1,322,899		1,562,475
Shareholders' funds			1,332,899		1,572,475

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.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 9 September 2025
 

......................................... Saleta Trasancos Perez Director

Brisca Fisheries Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024
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1	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Vessel & equipment	10% RB

Brisca Fisheries Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024
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Intangible assets

Separately acquired trademarks and licences are shown at historical cost.

Trademarks, licences (including software) and customer-related intangible assets acquired in a business combination are recognised at fair value at the acquisition date.

Trademarks, licences and customer-related intangible assets have a finite useful life and are carried at cost less accumulated amortisation and any accumulated impairment losses.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Licence	18% RB

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Brisca Fisheries Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024
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2	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 0 (2023 - 0).

Brisca Fisheries Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024
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3	Intangible assets

	Trademarks, patents and licenses  £	Total £
Cost or valuation
At 1 January 2024	841,097	841,097
At 31 December 2024	841,097	841,097
Amortisation
At 1 January 2024	410,637	410,637
Amortisation charge	21,523	21,523
At 31 December 2024	432,160	432,160
Carrying amount
At 31 December 2024	408,937	408,937
At 31 December 2023	430,460	430,460

4	Tangible assets

	Furniture, fittings and equipment  £	Total £
Cost or valuation
Additions	11,235	11,235
Disposals	(4,603)	(4,603)
At 31 December 2024	6,632	6,632
Depreciation
At 1 January 2024	(185,890)	(185,890)
Eliminated on disposal	(2,655)	(2,655)
At 31 December 2024	(188,545)	(188,545)
Carrying amount
At 31 December 2024	195,177	195,177
At 31 December 2023	207,792	207,792

Brisca Fisheries Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024
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5

Debtors

Current	2024 £	2023 £
Prepayments	1,305	2,829
Other debtors	802	352
	2,107	3,181

6

Creditors

Creditors: amounts falling due within one year

	2024 £	2023 £
Due within one year
Trade creditors	247,613	285,221
Accruals and deferred income	1,750	1,750
Other creditors	200,008	113,860
	449,371	400,831

7	Share capital

Allotted, called up and fully paid shares

	2024		2023
	No.	£	No.	£
Ordinary shares of £1 each	1	1	1	1