Acorah Software Products - Accounts Production 16.5.460 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 SO306900 RPM Northsea Ltd Melantic Limited Stephen West Limited iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SO306900 2023-12-31 SO306900 2024-12-31 SO306900 2024-01-01 2024-12-31 SO306900 frs-core:CurrentFinancialInstruments 2024-12-31 SO306900 frs-core:Non-currentFinancialInstruments 2024-12-31 SO306900 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-01-01 2024-12-31 SO306900 frs-core:FurnitureFittings 2024-12-31 SO306900 frs-core:FurnitureFittings 2024-01-01 2024-12-31 SO306900 frs-core:FurnitureFittings 2023-12-31 SO306900 frs-core:OtherResidualIntangibleAssets 2024-12-31 SO306900 frs-core:OtherResidualIntangibleAssets 2023-12-31 SO306900 frs-bus:LimitedLiabilityPartnershipLLP 2024-01-01 2024-12-31 SO306900 frs-bus:LimitedLiabilityPartnershipsSORP 2024-01-01 2024-12-31 SO306900 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 SO306900 frs-bus:SmallEntities 2024-01-01 2024-12-31 SO306900 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 SO306900 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 SO306900 frs-countries:Scotland 2024-01-01 2024-12-31 SO306900 frs-bus:PartnerLLP1 2024-01-01 2024-12-31 SO306900 frs-bus:PartnerLLP2 2024-01-01 2024-12-31 SO306900 frs-bus:PartnerLLP3 2024-01-01 2024-12-31 SO306900 2022-12-31 SO306900 2023-12-31 SO306900 2023-01-01 2023-12-31 SO306900 frs-core:CurrentFinancialInstruments 2023-12-31 SO306900 frs-core:Non-currentFinancialInstruments 2023-12-31
Registered number: SO306900
Fertile LLP
Unaudited Financial Statements
For The Year Ended 31 December 2024
M Squared Accountants Ltd
Fertile LLP
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—4

Page 1
Fertile LLP
Balance Sheet
As At 31 December 2024
Balance Sheet
Registered number: SO306900

| 2024 | 2023
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Intangible Assets | 4 |  | 603,748 |  | 603,748
Tangible Assets | 5 |  | 298,611 |  | 327,278
|  |  | 902,359 |  | 931,026
CURRENT ASSETS
Debtors | 6 | 89,280 |  | 96,148 |
Cash at bank and in hand |  | 496 |  | 1,957 |
|  | 89,776 |  | 98,105 |
Creditors: Amounts Falling Due Within One Year | 7 | (21,137 ) |  | (29,448 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 68,639 |  | 68,657
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 970,998 |  | 999,683
Creditors: Amounts Falling Due After More Than One Year | 8 |  | (262,402 ) |  | (286,517 )
NET ASSETS ATTRIBUTABLE TO MEMBERS |  |  | 708,596 |  | 713,166
REPRESENTED BY:
Loans and other debts due to members within one year
Other amounts |  | 19,796 |  | 24,366 |
|  |  | 19,796 |  | 24,366
Equity
Members' other interests
Members' capital |  | 688,800 |  | 688,800 |
|  |  | 688,800 |  | 688,800
|  |  | 708,596 |  | 713,166
TOTAL MEMBERS' INTEREST
Amounts due from members |  |  | (62,406) |  | (50,454)
Loans and other debts due to members within one year |  |  | 19,796 |  | 24,366
Members' other interests |  |  | 688,800 |  | 688,800
|  |  | 646,190 |  | 662,712

Page 1
Page 2
Fertile LLP
Balance Sheet (continued)
As At 31 December 2024
For the year ending 31 December 2024 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 applicable to LLPs subject to the small LLPs regime.)
The members acknowledge their responsibilities for complying with the requirements of the Act (as applied to LLPs) with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.
The LLP has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the LLP's Profit and Loss Account.
On behalf of the members

RPM Northsea Ltd Designated Member | Melantic Limited Designated Member
16/09/2025

The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Fertile LLP
Notes to the Financial Statements
For The Year Ended 31 December 2024
Notes to the Financial Statements
1. General Information
Fertile LLP is a limited liability partnership, incorporated in Scotland, registered number SO306900 . The Registered Office is Westward Fishing Company, 141 Shore Street, Fraserburgh, Aberdeenshire, AB43 9BP.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 for small limited liability partnerships regime - The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), The Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in December 2021 (SORP) and the Companies Act 2006 (as applied to LLPs).
The financial statements are prepared in sterling which is the functional currency of the LLP.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Intangible assets are stated at cost. No provision for amortisation has been made in these accounts as the members believe that they have indefinite lives as the rights to these assets will not be revoked. Fishing licence not amortised.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Fishing Vessel | 15 years straight line

3. Average Number of Employees
Average number of employees, including members with contracts of employment, during the year was: 3 (2023: 3)
3 3
4. Intangible Assets

| Fishing Licences
--- | ---
| £
Cost
As at 1 January 2024 | 603,748
As at 31 December 2024 | 603,748
Net Book Value
As at 31 December 2024 | 603,748
As at 1 January 2024 | 603,748

Page 3
Page 4
Fertile LLP
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
5. Tangible Assets

| Fishing Vessel
--- | ---
| £
Cost
As at 1 January 2024 | 430,000
As at 31 December 2024 | 430,000
Depreciation
As at 1 January 2024 | 102,722
Provided during the period | 28,667
As at 31 December 2024 | 131,389
Net Book Value
As at 31 December 2024 | 298,611
As at 1 January 2024 | 327,278

6. Debtors

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Due within one year
Other debtors | 89,280 |  | 96,148

7. Creditors: Amounts Falling Due Within One Year

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Trade creditors | 1,634 |  | 16,954
Bank loans and overdrafts | 17,104 |  | 10,094
Other creditors | 2,399 |  | 2,400
| 21,137 |  | 29,448

8. Creditors: Amounts Falling Due After More Than One Year

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Bank loans | 262,402 |  | 286,517

Page 4