Company No: 06574370 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTORS	D Lam
	E C Lam
	J A Lam

SECRETARY

Gravitas Company Secretarial Services Limited

REGISTERED OFFICE	Leigh House
	28-32 St. Pauls Street
	Leeds
	LS1 2JT
	United Kingdom

COMPANY NUMBER

06574370 (England and Wales)

ACCOUNTANT	Gravita Business Services II Limited
	Aldgate Tower
	2 Leman Street
	London
	E1 8FA
	United Kingdom

	Note	31.12.2024		31.12.2023
		£		£
Current assets
Debtors	3	1,000		1,000
		1,000		1,000
Net current assets		1,000		1,000
Total assets less current liabilities		1,000		1,000
Net assets		1,000		1,000
Capital and reserves
Called-up share capital		1,000		1,000
Total shareholder's funds		1,000		1,000

Royal Asia (Seafood) Limited (registered number: 06574370) did not trade during the current financial period and has made neither profit nor loss, nor any other comprehensive income. There have been no movements in shareholders’ funds during the current financial period and therefore no Statement of Changes of Equity has been included. For the financial year ending 31 December 2024 the Company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Directors' responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Royal Asia (Seafood) Limited (registered number: 06574370) were approved and authorised for issue by the Board of Directors on 27 September 2025. They were signed on its behalf by:

D Lam Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial period, unless otherwise stated.

General information and basis of accounting

Royal Asia (Seafood) Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Leigh House, 28-32 St. Pauls Street, Leeds, LS1 2JT, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

2. Employees

	Year ended 31.12.2024		Period from 01.05.2023 to 31.12.2023
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	0		0

3. Debtors

	31.12.2024		31.12.2023
	£		£
Amounts owed by Parent undertakings	1,000		1,000

4. Related party transactions

Transactions with owners holding a participating interest in the entity

At the reporting date the company was owed £1,000 (2023: £1,000) by its parent company and a company under common management. The amount is interest free and repayable upon demand

5. Ultimate controlling party

The company's parent company is Tai Foong USA Inc and its registered office is 2450 6th Ave S 300, Seattle, WA 98124, United States