REGISTERED NUMBER: SC587127 (Scotland)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Fisheries Management Scotland

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

J C H Ribbens

J Stewart

R W Younger

R C Miller

Mrs C F Mercer Nairne

G T Harris

D P W H Johnstone

Mrs L V Lyle

R A C Davies

E C M Humphrey

Dr A Heath

SECRETARY:

B D Davidson

REGISTERED OFFICE:

11 Rutland Square

Edinburgh

Midlothian

EH1 2AS

REGISTERED NUMBER:

SC587127 (Scotland)

ACCOUNTANTS:

EQ Accountants Ltd

47-49 The Square

Kelso

Roxburghshire

TD5 7HW

CURRENT ASSETS

Debtors

4

1,237

950

Cash at bank

5

246,842

299,474

248,079

300,424

CREDITORS

Amounts falling due within one year

6

95,085

139,648

NET CURRENT ASSETS

152,994

160,776

TOTAL ASSETS LESS CURRENT LIABILITIES

152,994

160,776

RESERVES

Other reserves

31,514

51,033

Income and expenditure account

121,480

109,743

152,994

160,776

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 surplus or deficit 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 26 November 2025 and were signed on its behalf by:

D P W H Johnstone - Director

1.	STATUTORY INFORMATION

Fisheries Management Scotland is a private company, limited by guarantee , 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

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

Hire purchase and leasing commitments

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

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2024 - 5 ) .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

337

50

Other debtors

900

900

1,237

950

5.	CASH AT BANK

31.3.25

31.3.24

£

£

SFCC account

31,514

51,033

Current account

40,100

87,897

Projects account

171,978

79,274

Reserves account

3,250

81,270

246,842

299,474

Cash at Bank of £246,842 includes a balance of £31,514 relating to the Scottish Fisheries Co-ordination Centre (2024: £51,033).

The balance relating to Scottish Fisheries Co-ordination Centre is restricted for their use only and is shown under Other Reserves in the Balance Sheet.

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

(1,721

)

(1,073

)

Taxation and social security

-

2,034

Other creditors

96,806

138,687

95,085

139,648