REGISTERED NUMBER: SC336428 (Scotland)

Unaudited Financial Statements

for the Year Ended 5 April 2025

for

Maimai Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

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

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.

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

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.

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

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.