REGISTERED NUMBER: SC638848 (Scotland)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Arvakr Fishing Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R MacLennan

P D Knight

REGISTERED OFFICE:

Aurora

Aurora Kirkapol

Isle of Tiree

ARGYLL

PA77 6TW

REGISTERED NUMBER:

SC638848 (Scotland)

ACCOUNTANTS:

Henderson & Company

73 Union Street

Greenock

Renfrewshire

PA16 8BG

FIXED ASSETS

Intangible assets

4

47,350

57,154

Tangible assets

5

678,227

710,182

725,577

767,336

CURRENT ASSETS

Debtors

6

-

2,288

Cash at bank

5,269

631

5,269

2,919

CREDITORS

Amounts falling due within one year

7

863,087

838,033

NET CURRENT LIABILITIES

(857,818

)

(835,114

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(132,241

)

(67,778

)

CREDITORS

Amounts falling due after more than one year

8

294,008

325,131

NET LIABILITIES

(426,249

)

(392,909

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(426,349

)

(393,009

)

(426,249

)

(392,909

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 November 2025 and were signed on its behalf by:

R MacLennan - Director

1.	STATUTORY INFORMATION

Arvakr Fishing 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets

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

Taxation

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

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 January 2024

and 31 December 2024

98,000

AMORTISATION

At 1 January 2024

40,846

Charge for year

9,804

At 31 December 2024

50,650

NET BOOK VALUE

At 31 December 2024

47,350

At 31 December 2023

57,154

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

and 31 December 2024

987,282

DEPRECIATION

At 1 January 2024

277,100

Charge for year

31,955

At 31 December 2024

309,055

NET BOOK VALUE

At 31 December 2024

678,227

At 31 December 2023

710,182

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

-

1,855

Other debtors

-

433

-

2,288

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

29,879

30,145

Trade creditors

3

1,419

Other creditors

833,205

806,469

863,087

838,033

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

294,008

325,131

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

211,957

232,895