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Registered Number: 02658063
England and Wales

 

 

 


Unaudited Financial Statements


for the year ended 31 December 2024

for

NORTH SEA FISHERIES LIMITED

North Sea Fisheries Limited
Contents Page
For the year ended 31 December 2024
Directors Arie Koffeman
Harme Koffeman
Registered Number 02658063
Registered Office Garden Villa Browston Lane Browston
Great Yarmouth
NR31 9DL
Secretary David Anthony Piers Cox
1
 
 		 Notes
 		 2024
£		   2023
£
Fixed assets      
Intangible fixed assets 3 1,337,894    1,337,894 
Tangible fixed assets 4 102,619    113,033 
Investments 5 623    846 
1,441,136    1,451,773 
Current assets      
Debtors 6 34,122    22,854 
Cash at bank and in hand 222,236    3,212 
256,358    26,066 
Creditors: amount falling due within one year 7 (60,588)   (115,109)
Net current assets 195,770    (89,043)
 
Total assets less current liabilities 1,636,906    1,362,730 
Creditors: amount falling due after more than one year 8 (1,183,890)   (1,035,009)
Provisions for liabilities 9 (537,314)   (552,536)
Net assets (84,298)   (224,815)
 

Capital and reserves 		     
Called up share capital 10,000    10,000 
Revaluation Reserves 10 642,217    642,217 
Profit and loss account (736,515)   (877,032)
Shareholders' funds (84,298)   (224,815)
 


For the year ended 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:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 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. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the board of directors on 16 September 2025 and were signed on its behalf by:


-------------------------------
Harme Koffeman
Director
2
General Information
North Sea Fisheries Limited is a private company, limited by shares, registered in England and Wales, registration number 02658063, registration address Garden Villa Browston Lane Browston , Great Yarmouth, NR31 9DL.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the statement of financial position date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the income statement.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Licences and patents
Licences and patents are stated at cost less amortisation. Amortisation of licences is calculated on a straight line basis over the life of the licence. Amortisation of patents is calculated on a straight line basis over the estimated expected useful economic life of the patents of years.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 12.5% Reducing Balance
Fixed asset investments
Fixed asset investments are stated at cost less provision for any permanent diminution in value.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the year was 2 (2023 : 2).
3.

Intangible fixed assets

Cost Other   Total
  £   £
At 01 January 2024 2,668,259    2,668,259 
Additions -    - 
Disposals -    - 
At 31 December 2024 2,668,259    2,668,259 
Amortisation
At 01 January 2024 1,330,365    1,330,365 
Charge for year -    - 
On disposals -    - 
At 31 December 2024 1,330,365    1,330,365 
Net book values
At 31 December 2024 1,337,894    1,337,894 
At 31 December 2023 1,337,894    1,337,894 


4.

Tangible fixed assets

Cost or valuation Plant and Machinery   Total
  £   £
At 01 January 2024 1,517,252    1,517,252 
Additions -    - 
Disposals -    - 
Revaluations (2,820)   (2,820)
At 31 December 2024 1,514,432    1,514,432 
Depreciation
At 01 January 2024 1,404,219    1,404,219 
Charge for year 7,594    7,594 
On disposals -    - 
At 31 December 2024 1,411,813    1,411,813 
Net book values
Closing balance as at 31 December 2024 102,619    102,619 
Opening balance as at 01 January 2024 113,033    113,033 


5.

Investments

Cost Other investments other than loans   Total
  £   £
At 01 January 2024 634    634 
Additions -    - 
Transfer to/from tangible fixed assets 0    0 
Disposals -    - 
Revaluations (11)   (11)
At 31 December 2024 623    623 

6.

Debtors: amounts falling due within one year

2024
£		   2023
£
Other Debtors 34,122    22,854 
34,122    22,854 

7.

Creditors: amount falling due within one year

2024
£		   2023
£
Trade Creditors 49,294    63,680 
Bank Loans & Overdrafts 0    17,683 
Other Creditors 11,294    33,746 
60,588    115,109 

8.

Creditors: amount falling due after more than one year

2024
£		   2023
£
Amounts Owed to Group Undertakings 1,183,890    1,035,009 
1,183,890    1,035,009 

9.

Provisions for liabilities

2024
£		   2023
£
Deferred Tax 537,314    552,536 
537,314    552,536 

10.

Revaluation Reserves

2024
£		   2023
£
Revaluation of Fixed Assets 642,217    642,217 
642,217    642,217 

11.

Transactions with related parties

The company's ultimate parent company is Zeevisserijbedrijf Geertruida BV, a company incorporated in the Netherlands.
3