REGISTERED NUMBER: 03217410 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

FOR

GENESIS FISHING LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

N D Robson

J A Robson

G N Robson

J E Robson

SECRETARY:

J A Robson

REGISTERED OFFICE:

Medina House

2 Station Avenue

Bridlington

East Yorkshire

YO16 4LZ

REGISTERED NUMBER:

03217410 (England and Wales)

ACCOUNTANTS:

Lloyd Dowson Limited

Medina House

2 Station Avenue

Bridlington

East Yorkshire

YO16 4LZ

FIXED ASSETS

Intangible assets

4

300,400

190,400

Tangible assets

5

2,128,493

2,322,579

2,428,893

2,512,979

CURRENT ASSETS

Debtors

6

172,021

211,442

Cash at bank

455,840

562,888

627,861

774,330

CREDITORS

Amounts falling due within one year

7

51,656

64,294

NET CURRENT ASSETS

576,205

710,036

TOTAL ASSETS LESS CURRENT LIABILITIES

3,005,098

3,223,015

PROVISIONS FOR LIABILITIES

463,770

490,045

NET ASSETS

2,541,328

2,732,970

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

2,541,228

2,732,870

SHAREHOLDERS' FUNDS

2,541,328

2,732,970

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 September 2025 and were signed on its behalf by:

N D Robson - Director

J A Robson - Director

1.	STATUTORY INFORMATION

Genesis Fishing Limited is a private company, limited by shares , registered in England and Wales. 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 represents fishing and is recognised on the supply of goods.

Intangible assets

No amortisation is provided against the value of the fishing licences acquired by the company in 2015, 2024 and 2025.

Tangible fixed assets

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

Freehold property

-

2% on cost

Boat

-

10% on reducing balance

Equipment

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2024 - 6 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 July 2024

190,400

Additions

110,000

At 30 June 2025

300,400

NET BOOK VALUE

At 30 June 2025

300,400

At 30 June 2024

190,400

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 July 2024

12,399

3,588,951

3,601,350

Additions

-

42,926

42,926

At 30 June 2025

12,399

3,631,877

3,644,276

DEPRECIATION

At 1 July 2024

310

1,278,461

1,278,771

Charge for year

248

236,764

237,012

At 30 June 2025

558

1,515,225

1,515,783

NET BOOK VALUE

At 30 June 2025

11,841

2,116,652

2,128,493

At 30 June 2024

12,089

2,310,490

2,322,579

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.25

30.6.24

£

£

Trade debtors

21,171

-

Other debtors

150,850

211,442

172,021

211,442

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.25

30.6.24

£

£

Trade creditors

47

41,406

Taxation and social security

39,768

12,813

Other creditors

11,841

10,075

51,656

64,294

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.25

30.6.24

value:

£

£

60

Ordinary A

£1

60

60

20

Ordinary B

£1

20

20

20

Ordinary C

£1

20

20

100

100