IRIS Accounts Production v25.2.0.378 SC370440 Board of Directors 1.1.24 31.12.24 31.12.24 0 0 false true false false false true false Ordinary 1.00000 iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh SC370440 2023-12-31 SC370440 2024-12-31 SC370440 2024-01-01 2024-12-31 SC370440 2022-12-31 SC370440 2023-01-01 2023-12-31 SC370440 2023-12-31 SC370440 ns15:Scotland 2024-01-01 2024-12-31 SC370440 ns14:PoundSterling 2024-01-01 2024-12-31 SC370440 ns10:Director1 2024-01-01 2024-12-31 SC370440 ns10:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 SC370440 ns10:SmallEntities 2024-01-01 2024-12-31 SC370440 ns10:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 SC370440 ns10:SmallCompaniesRegimeForDirectorsReport 2024-01-01 2024-12-31 SC370440 ns10:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 SC370440 ns10:FullAccounts 2024-01-01 2024-12-31 SC370440 1 2024-01-01 2024-12-31 SC370440 ns10:OrdinaryShareClass1 2024-01-01 2024-12-31 SC370440 ns10:Director2 2024-01-01 2024-12-31 SC370440 ns10:Director3 2024-01-01 2024-12-31 SC370440 ns10:RegisteredOffice 2024-01-01 2024-12-31 SC370440 ns5:CurrentFinancialInstruments 2024-12-31 SC370440 ns5:CurrentFinancialInstruments 2023-12-31 SC370440 ns5:Non-currentFinancialInstruments 2024-12-31 SC370440 ns5:Non-currentFinancialInstruments 2023-12-31 SC370440 ns5:ShareCapital 2024-12-31 SC370440 ns5:ShareCapital 2023-12-31 SC370440 ns5:RetainedEarningsAccumulatedLosses 2024-12-31 SC370440 ns5:RetainedEarningsAccumulatedLosses 2023-12-31 SC370440 ns5:IntangibleAssetsOtherThanGoodwill 2024-01-01 2024-12-31 SC370440 ns5:PatentsTrademarksLicencesConcessionsSimilar 2024-01-01 2024-12-31 SC370440 ns5:LandBuildings 2024-01-01 2024-12-31 SC370440 ns5:PlantMachinery 2024-01-01 2024-12-31 SC370440 ns5:IntangibleAssetsOtherThanGoodwill 2023-12-31 SC370440 ns5:IntangibleAssetsOtherThanGoodwill 2024-12-31 SC370440 ns5:IntangibleAssetsOtherThanGoodwill 2023-12-31 SC370440 ns5:LandBuildings 2023-12-31 SC370440 ns5:PlantMachinery 2023-12-31 SC370440 ns5:LandBuildings 2024-12-31 SC370440 ns5:PlantMachinery 2024-12-31 SC370440 ns5:LandBuildings 2023-12-31 SC370440 ns5:PlantMachinery 2023-12-31 SC370440 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-12-31 SC370440 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2023-12-31 SC370440 ns5:BetweenOneTwoYears ns5:Non-currentFinancialInstruments 2024-12-31 SC370440 ns5:BetweenOneTwoYears ns5:Non-currentFinancialInstruments 2023-12-31 SC370440 ns5:Non-currentFinancialInstruments ns5:BetweenTwoFiveYears 2024-12-31 SC370440 ns5:Non-currentFinancialInstruments ns5:BetweenTwoFiveYears 2023-12-31 SC370440 ns5:Non-currentFinancialInstruments ns5:MoreThanFiveYears 2024-12-31 SC370440 ns5:Non-currentFinancialInstruments ns5:MoreThanFiveYears 2023-12-31 SC370440 ns5:DeferredTaxation 2023-12-31 SC370440 ns5:DeferredTaxation 2024-01-01 2024-12-31 SC370440 ns5:DeferredTaxation 2024-12-31 SC370440 ns10:OrdinaryShareClass1 2024-12-31 SC370440 ns5:RetainedEarningsAccumulatedLosses 2023-12-31 SC370440 ns5:RetainedEarningsAccumulatedLosses 2024-01-01 2024-12-31

REGISTERED NUMBER: SC370440 (Scotland)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2024

FOR

FRUITFUL BOUGH FISHING COMPANY LIMITED

FRUITFUL BOUGH FISHING COMPANY LIMITED (REGISTERED NUMBER: SC370440) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2024

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| FRUITFUL BOUGH FISHING COMPANY LIMITED |

COMPANY INFORMATION

FOR THE YEAR ENDED 31ST DECEMBER 2024

| DIRECTORS: | S J Mawhinney

| D B Mclean

| R W West

| REGISTERED OFFICE: | Denholm Fishselling Ltd Unit 1-2

| Old School

| Cawdor

| Nairn

| IV12 5BL

| REGISTERED NUMBER: | SC370440 (Scotland)

| ACCOUNTANTS: | Goldwells Ltd

| Goldwells House

| Grange Road

| Peterhead

| Aberdeenshire

| AB42 1WN

FRUITFUL BOUGH FISHING COMPANY LIMITED (REGISTERED NUMBER: SC370440) |

BALANCE SHEET

31ST DECEMBER 2024

| 2024 | 2023 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 4 | 130,777 |  | 151,457 |  |

Tangible assets | 5 | 1,753,556 |  | 1,910,678 |  |

1,884,333 |  | 2,062,135 |  |

CURRENT ASSETS

Debtors | 6 | 49,321 |  | 48,279 |  |

Cash at bank | 52,527 |  | 27,154 |  |

101,848 |  | 75,433 |  |

CREDITORS

Amounts falling due within one year | 7 | 117,478 |  | 131,577 |  |

NET CURRENT LIABILITIES | (15,630 | ) | (56,144 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 1,868,703 |  | 2,005,991 |  |

CREDITORS

Amounts falling due after more than one year | 8 | (823,166 | ) | (858,017 | ) |

PROVISIONS FOR LIABILITIES | 9 | (178,504 | ) | (197,920 | ) |

NET ASSETS | 867,033 |  | 950,054 |  |

CAPITAL AND RESERVES

Called up share capital | 10 | 750,000 |  | 750,000 |  |

Retained earnings | 11 | 117,033 |  | 200,054 |  |

SHAREHOLDERS' FUNDS | 867,033 |  | 950,054 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2024 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.

FRUITFUL BOUGH FISHING COMPANY LIMITED (REGISTERED NUMBER: SC370440) |

BALANCE SHEET - continued

31ST DECEMBER 2024

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 8th September 2025 and were signed on its behalf by:

S J Mawhinney - Director

FRUITFUL BOUGH FISHING COMPANY LIMITED (REGISTERED NUMBER: SC370440) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2024

1. | STATUTORY INFORMATION

| Fruitful Bough Fishing Company Limited 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 assets

| Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

| Licences & Quotas are being amortised evenly over their estimated useful life of twenty years.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Fishing Vessel | - | Straight line over 20 years

| Plant and machinery etc | - | 10% - 25% straight line

| Taxation

| Taxation for the year 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 year 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.

| Hire purchase and leasing commitments

| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

| Pension costs and other post-retirement benefits

| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

FRUITFUL BOUGH FISHING COMPANY LIMITED (REGISTERED NUMBER: SC370440) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST DECEMBER 2024

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was NIL (2023 - NIL).

4. | INTANGIBLE FIXED ASSETS

| Other

| intangible

| assets

£ |

| COST

| At 1st January 2024

| and 31st December 2024 | 413,600 |  |

| AMORTISATION

| At 1st January 2024 | 262,143 |  |

| Charge for year | 20,680 |  |

| At 31st December 2024 | 282,823 |  |

| NET BOOK VALUE

| At 31st December 2024 | 130,777 |  |

| At 31st December 2023 | 151,457 |  |

5. | TANGIBLE FIXED ASSETS

| Plant and |

| Fishing |  | machinery |

| Vessel |  | etc |  | Totals

£ | £ | £ |

| COST

| At 1st January 2024

| and 31st December 2024 | 2,331,018 |  | 328,062 |  | 2,659,080 |  |

| DEPRECIATION

| At 1st January 2024 | 562,364 |  | 186,038 |  | 748,402 |  |

| Charge for year | 116,551 |  | 40,571 |  | 157,122 |  |

| At 31st December 2024 | 678,915 |  | 226,609 |  | 905,524 |  |

| NET BOOK VALUE

| At 31st December 2024 | 1,652,103 |  | 101,453 |  | 1,753,556 |  |

| At 31st December 2023 | 1,768,654 |  | 142,024 |  | 1,910,678 |  |

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2024 | 2023 |

£ | £ |

| Trade debtors | 48,661 |  | 47,619 |  |

| Prepayments | 660 |  | 660 |  |

49,321 |  | 48,279 |  |

FRUITFUL BOUGH FISHING COMPANY LIMITED (REGISTERED NUMBER: SC370440) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST DECEMBER 2024

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2024 | 2023 |

£ | £ |

| Bank loans and overdrafts | 100,457 |  | 100,457 |  |

| Trade creditors | 14,921 |  | 27,920 |  |

| Other creditors | 2,100 |  | 3,200 |  |

117,478 |  | 131,577 |  |

8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2024 | 2023 |

£ | £ |

| Bank loans - 1-2 years | 100,457 |  | 100,457 |  |

| Bank loans - 2-5 years | 301,370 |  | 301,370 |  |

| Bank loans more 5 yr by instal | 421,339 |  | 456,190 |  |

823,166 |  | 858,017 |  |

| Amounts falling due in more than five years:

| Repayable by instalments

| Bank loans more 5 yr by instal | 421,339 |  | 456,190 |  |

9. | PROVISIONS FOR LIABILITIES

2024 | 2023 |

£ | £ |

| Deferred tax | 178,504 |  | 197,920 |  |

| Deferred |

| tax |

£ |

| Balance at 1st January 2024 | 197,920 |  |

| Credit to Income Statement during year | (19,416 | ) |

| Balance at 31st December 2024 | 178,504 |  |

10. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2024 | 2023 |

| value: | £ | £ |

| 750,000 | Ordinary | £1 | 750,000 |  | 750,000 |  |

FRUITFUL BOUGH FISHING COMPANY LIMITED (REGISTERED NUMBER: SC370440) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST DECEMBER 2024

11. | RESERVES

| Retained

| earnings

£ |

| At 1st January 2024 | 200,054 |  |

| Deficit for the year | (83,021 | ) |

| At 31st December 2024 | 117,033 |  |

12. | RELATED PARTY DISCLOSURES

| RWFB Limited provided fisherman's services to the company throughout the year. Invoiced value of these services was £99,500.

13. | ULTIMATE CONTROLLING PARTY

| The controlling party is RWFB Limited.

| The ultimate controlling party is R W West.