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REGISTERED NUMBER: SC336428 (Scotland)

Unaudited Financial Statements

for the Year Ended 5 April 2025

for

Maimai Limited

| Maimai Limited (Registered number: SC336428) |

Contents of the Financial Statements

for the Year Ended 5 April 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| Maimai Limited |

Company Information

for the Year Ended 5 April 2025

| DIRECTORS: | Mr J J Cardno

| Mrs M A Cardno

| REGISTERED OFFICE: | 39 Bruce Circle

| Fraserburgh

| Aberdeenshire

| AB43 7FF

| REGISTERED NUMBER: | SC336428 (Scotland)

| ACCOUNTANTS: | SBP

| Accountants

| 27 Finlayson Street

| Fraserburgh

| Aberdeenshire

| AB43 9JQ

| Maimai Limited (Registered number: SC336428) |

Balance Sheet

5 April 2025

| 5.4.25 | 5.4.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 4 | 71,000 |  | 71,000 |  |

Tangible assets | 5 | 8,156 |  | 10,874 |  |

79,156 |  | 81,874 |  |

CURRENT ASSETS

Debtors | 6 | 1,756 |  | 348 |  |

Cash at bank | 108,160 |  | 164,129 |  |

109,916 |  | 164,477 |  |

CREDITORS

Amounts falling due within one year | 7 | 6,664 |  | 4,908 |  |

NET CURRENT ASSETS | 103,252 |  | 159,569 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 182,408 |  | 241,443 |  |

CAPITAL AND RESERVES

Called up share capital | 100 |  | 100 |  |

Retained earnings | 182,308 |  | 241,343 |  |

182,408 |  | 241,443 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 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.

| Maimai Limited (Registered number: SC336428) |

Balance Sheet - continued

5 April 2025

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 17 September 2025 and were signed on its behalf by:

Mrs M A Cardno - Director

| Maimai Limited (Registered number: SC336428) |

Notes to the Financial Statements

for the Year Ended 5 April 2025

1. | STATUTORY INFORMATION

| Maimai 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 represents amounts receivable for quota hire provided in the normal course of business, net of VAT. Revenue is recognised to the extent that it is probable that economic benefit will flow to the company and when its value can be measured with a sufficient degree of certainty and reliability. All income is recognised in the accounting period to which it relates.

| Intangible assets

| Fishing quota is recorded at cost. The directors have assessed the useful life of the asset held and believe that it would have a higher residual value at the end of 10 years than the current book value. The directors have therefore decided that the asset should not be amortised in the Financial Statements. An impairment review is however carried out at each financial year end to ensure that the carrying cost remains appropriate.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

| 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.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 2 (2024 - 2 ) .

4. | INTANGIBLE FIXED ASSETS

| Other

| intangible

| assets

£ |

| COST

| At 6 April 2024

| and 5 April 2025 | 71,000 |  |

| NET BOOK VALUE

| At 5 April 2025 | 71,000 |  |

| At 5 April 2024 | 71,000 |  |

| The intangible asset held comprises Fishing Quota.

| Maimai Limited (Registered number: SC336428) |

Notes to the Financial Statements - continued

for the Year Ended 5 April 2025

5. | TANGIBLE FIXED ASSETS

| Motor

| vehicles

£ |

| COST

| At 6 April 2024

| and 5 April 2025 | 14,499 |  |

| DEPRECIATION

| At 6 April 2024 | 3,625 |  |

| Charge for year | 2,718 |  |

| At 5 April 2025 | 6,343 |  |

| NET BOOK VALUE

| At 5 April 2025 | 8,156 |  |

| At 5 April 2024 | 10,874 |  |

| Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

| Motor

| vehicles

£ |

| COST

| At 6 April 2024 | 14,499 |  |

| Transfer to ownership | (14,499 | ) |

| At 5 April 2025 | - |  |

| DEPRECIATION

| At 6 April 2024 | 3,625 |  |

| Transfer to ownership | (3,625 | ) |

| At 5 April 2025 | - |  |

| NET BOOK VALUE

| At 5 April 2025 | - |  |

| At 5 April 2024 | 10,874 |  |

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

| 5.4.25 |  | 5.4.24

£ | £ |

| Other debtors | 1,012 |  | - |  |

| VAT | - |  | 348 |  |

| Prepayments | 744 |  | - |  |

1,756 |  | 348 |  |

| Maimai Limited (Registered number: SC336428) |

Notes to the Financial Statements - continued

for the Year Ended 5 April 2025

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

| 5.4.25 |  | 5.4.24

£ | £ |

| Hire purchase contracts | - |  | 1,047 |  |

| Social security and other taxes | - |  | 446 |  |

| VAT | 1,200 |  | - |  |

| Directors' current accounts | 3,714 |  | 3,264 |  |

| Accrued expenses | 1,750 |  | 151 |  |

6,664 |  | 4,908 |  |

8. | ULTIMATE CONTROLLING PARTY

| The company is controlled by the directors.