Acorah Software Products - Accounts Production 16.5.460 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 SO306824 Whitby Seafoods Limited iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SO306824 2023-12-31 SO306824 2024-12-31 SO306824 2024-01-01 2024-12-31 SO306824 frs-core:CurrentFinancialInstruments 2024-12-31 SO306824 frs-core:Non-currentFinancialInstruments 2024-12-31 SO306824 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-01-01 2024-12-31 SO306824 frs-core:FurnitureFittings 2024-12-31 SO306824 frs-core:FurnitureFittings 2024-01-01 2024-12-31 SO306824 frs-core:FurnitureFittings 2023-12-31 SO306824 frs-core:NetGoodwill 2024-12-31 SO306824 frs-core:NetGoodwill 2024-01-01 2024-12-31 SO306824 frs-core:NetGoodwill 2023-12-31 SO306824 frs-core:MotorVehicles 2024-12-31 SO306824 frs-core:MotorVehicles 2024-01-01 2024-12-31 SO306824 frs-core:MotorVehicles 2023-12-31 SO306824 frs-core:OtherResidualIntangibleAssets 2024-12-31 SO306824 frs-core:OtherResidualIntangibleAssets 2024-01-01 2024-12-31 SO306824 frs-core:OtherResidualIntangibleAssets 2023-12-31 SO306824 frs-core:WithinOneYear 2024-12-31 SO306824 frs-bus:LimitedLiabilityPartnershipLLP 2024-01-01 2024-12-31 SO306824 frs-bus:LimitedLiabilityPartnershipsSORP 2024-01-01 2024-12-31 SO306824 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 SO306824 frs-bus:SmallEntities 2024-01-01 2024-12-31 SO306824 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 SO306824 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 SO306824 frs-core:CurrentFinancialInstruments 1 2024-12-31 SO306824 frs-countries:EnglandWales 2024-01-01 2024-12-31 SO306824 frs-bus:PartnerLLP1 2024-01-01 2024-12-31 SO306824 2022-12-31 SO306824 2023-12-31 SO306824 2023-01-01 2023-12-31 SO306824 frs-core:CurrentFinancialInstruments 2023-12-31 SO306824 frs-core:Non-currentFinancialInstruments 2023-12-31 SO306824 frs-core:WithinOneYear 2023-12-31 SO306824 frs-core:CurrentFinancialInstruments 1 2023-12-31
Registered number: SO306824
Wakeful FR261 LLP
Unaudited Financial Statements
For The Year Ended 31 December 2024
M Squared Accountants Ltd
Wakeful FR261 LLP
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—5

Page 1
Wakeful FR261 LLP
Balance Sheet
As At 31 December 2024
Balance Sheet
Registered number: SO306824

| 2024 | 2023
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Intangible Assets | 4 |  | 296,000 |  | 414,986
Tangible Assets | 5 |  | 30,176 |  | 41,266
|  |  | 326,176 |  | 456,252
CURRENT ASSETS
Debtors | 6 | 332,644 |  | 344,757 |
Cash at bank and in hand |  | 26 |  | 361 |
|  | 332,670 |  | 345,118 |
Creditors: Amounts Falling Due Within One Year | 7 | (178,568 ) |  | (287,309 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 154,102 |  | 57,809
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 480,278 |  | 514,061
Creditors: Amounts Falling Due After More Than One Year | 8 |  | (117,778 ) |  | (151,561 )
NET ASSETS ATTRIBUTABLE TO MEMBERS |  |  | 362,500 |  | 362,500
REPRESENTED BY:
Equity
Members' other interests
Members' capital |  | 362,500 |  | 362,500 |
|  |  | 362,500 |  | 362,500
TOTAL MEMBERS' INTEREST
Amounts due from members |  |  | (332,644) |  | (344,757)
Members' other interests |  |  | 362,500 |  | 362,500
|  |  | 29,856 |  | 17,743

Page 1
Page 2
Wakeful FR261 LLP
Balance Sheet (continued)
As At 31 December 2024
For the year ending 31 December 2024 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 applicable to LLPs subject to the small LLPs regime.)
The members acknowledge their responsibilities for complying with the requirements of the Act (as applied to LLPs) with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.
The LLP has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the LLP's Profit and Loss Account.
On behalf of the members

Whitby Seafoods Limited Designated Member
30/09/2025

The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Wakeful FR261 LLP
Notes to the Financial Statements
For The Year Ended 31 December 2024
Notes to the Financial Statements
1. General Information
Wakeful FR261 LLP is a limited liability partnership, incorporated in England & Wales, registered number SO306824 . The Registered Office is Heritage House, 141 Shore Street, Fraserburgh, Aberdeenshire, AB43 9BP.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 for small limited liability partnerships regime - The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), The Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in December 2021 (SORP) and the Companies Act 2006 (as applied to LLPs).
The financial statements are prepared in sterling which is the functional currency of the LLP.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Fishing licence and quota are valued at cost less accumulated amortisation. The members have assessed the useful lives of these assets, and believe that they would have a higher residual value at the end of 20 years, than the currect book value. The members have therefore decieded that these assets should not be amortised in the finanacial statements.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Motor Vehicles | 25% reducing balance
Vessel & Gear | 6.25% straight line

2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the LLP. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
3. Average Number of Employees
Average number of employees, including members with contracts of employment, during the year was: NIL (2023: NIL)
- -
Page 3
Page 4
Wakeful FR261 LLP
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
4. Intangible Assets

| Fishing Quota | Fishing Licence | Total
--- | --- | --- | ---
| £ | £ | £
Cost or Valuation
As at 1 January 2024 | 200,000 | 214,986 | 414,986
Revaluations | (30,000 ) | (88,986 ) | (118,986 )
As at 31 December 2024 | 170,000 | 126,000 | 296,000
Net Book Value
As at 31 December 2024 | 170,000 | 126,000 | 296,000
As at 1 January 2024 | 200,000 | 214,986 | 414,986

5. Tangible Assets

| Motor Vehicles | Vessel & Gear | Total
--- | --- | --- | ---
| £ | £ | £
Cost
As at 1 January 2024 | 16,840 | 92,188 | 109,028
Disposals | (16,840 ) | - | (16,840 )
As at 31 December 2024 | - | 92,188 | 92,188
Depreciation
As at 1 January 2024 | 11,512 | 56,250 | 67,762
Provided during the period | - | 5,762 | 5,762
Disposals | (11,512 ) | - | (11,512 )
As at 31 December 2024 | - | 62,012 | 62,012
Net Book Value
As at 31 December 2024 | - | 30,176 | 30,176
As at 1 January 2024 | 5,328 | 35,938 | 41,266

6. Debtors

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Due within one year
Amounts due from members | 332,644 |  | 344,757

7. Creditors: Amounts Falling Due Within One Year

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Net obligations under finance lease and hire purchase contracts | - |  | 1,860
Trade creditors | 1,110 |  | 2,185
Bank loans and overdrafts | 40,897 |  | 48,012
Agents balance | 133,706 |  | 232,852
Accruals and deferred income | 2,855 |  | 2,400
| 178,568 |  | 287,309

Page 4
Page 5
Wakeful FR261 LLP
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
8. Creditors: Amounts Falling Due After More Than One Year

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Bank loans | 117,778 |  | 151,561

9. Obligations Under Finance Leases and Hire Purchase

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
The future minimum finance lease payments are as follows:
Not later than one year | - |  | 1,860

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