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REGISTERED NUMBER: SO301078 (Scotland)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

EVENING STAR FR LLP
EVENING STAR FR LLP (REGISTERED NUMBER: SO301078)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


EVENING STAR FR LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DESIGNATED MEMBERS: G & Y Buchan Ltd
Melantic Limited





REGISTERED OFFICE: c/o Westward Fishing Co
141 Shore Street
Fraserburgh
Aberdeenshire
AB43 9BP





REGISTERED NUMBER: SO301078 (Scotland)
Page 1
EVENING STAR FR LLP (REGISTERED NUMBER: SO301078)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 440,000 440,000
Tangible assets 6 764,215 813,537
1,204,215 1,253,537

CURRENT ASSETS
Debtors 7 38,310 19,733

CREDITORS
Amounts falling due within one year 8 116,126 116,547
NET CURRENT LIABILITIES (77,816 ) (96,814 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
1,126,399
1,156,723

CREDITORS
Amounts falling due after more than one
year
9
715,228
723,462
NET ASSETS ATTRIBUTABLE TO
MEMBERS
411,171
433,261

LOANS AND OTHER DEBTS DUE TO
MEMBERS
11
76,670
98,760

MEMBERS' OTHER INTERESTS
Capital accounts 334,501 334,501
411,171 433,261

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 11 76,670 98,760
Members' other interests 334,501 334,501
Amounts due from members 7 (18,754 ) (11,975 )
392,417 421,286

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 31 December 2024.

The members acknowledge their responsibilities for:
(a)ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the LLP 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 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

The notes form part of these financial statements

Page 2 continued...
EVENING STAR FR LLP (REGISTERED NUMBER: SO301078)

BALANCE SHEET - continued
31 DECEMBER 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 8 September 2025 and were signed by:





G & Y Buchan Ltd - Designated member

The notes form part of these financial statements

Page 3
EVENING STAR FR LLP (REGISTERED NUMBER: SO301078)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1. STATUTORY INFORMATION

Evening Star FR LLP is registered in Scotland. The LLP's registered number and registered office address can be found on the General Information page.

2. STATEMENT OF COMPLIANCE

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 requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

The presentation currency of the financial statements is the Pound Sterling (£). Monetary amounts in these financial statements are rounded to the nearest pound.

Significant judgements and estimates
In the application of the limited liability partnership's accounting policies, the members are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

The members consider that there are no estimates and underlying assumptions which have a significant risk of causing a material adjustment to the carrying amount of the assets and liabilities.

Going concern
At the time of approving the financial statements, the members have a reasonable expectation that the limited liability partnership has adequate resources to continue in operational existence for the foreseeable future. Thus the members continue to adopt the going concern basis of accounting in preparing the financial statements.

Turnover
Turnover represents amounts receivable for the sale of fish and related products. This is recognised at point of settling and excludes value added tax.

Fishing licences and quota
Fishing licences and quota are presented at valuation. No amortisation has been provided for in the year as the members believe they have an indefinite useful life.

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.
Fishing vessel - 5% on cost
Motor vehicles - 25% on reducing balance

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Page 4 continued...
EVENING STAR FR LLP (REGISTERED NUMBER: SO301078)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

3. ACCOUNTING POLICIES - continued

Government grants
Grants are credited to deferred revenue. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.

Taxation
No taxation has been provided in the accounts as taxation is a personal liability of the members.

Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held in call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

4. EMPLOYEE INFORMATION

The average number of employees during the year was 4 (2023 - NIL ) .

5. INTANGIBLE FIXED ASSETS
Fishing
licence &
quota
£   
COST
At 1 January 2024
and 31 December 2024 440,000
NET BOOK VALUE
At 31 December 2024 440,000
At 31 December 2023 440,000

6. TANGIBLE FIXED ASSETS
Fishing Motor
vessel vehicles Totals
£    £    £   
COST
At 1 January 2024
and 31 December 2024 850,000 40,100 890,100
DEPRECIATION
At 1 January 2024 63,750 12,813 76,563
Charge for year 42,500 6,822 49,322
At 31 December 2024 106,250 19,635 125,885
NET BOOK VALUE
At 31 December 2024 743,750 20,465 764,215
At 31 December 2023 786,250 27,287 813,537

Page 5 continued...
EVENING STAR FR LLP (REGISTERED NUMBER: SO301078)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

6. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 January 2024
and 31 December 2024 35,600
DEPRECIATION
At 1 January 2024 11,125
Charge for year 6,119
At 31 December 2024 17,244
NET BOOK VALUE
At 31 December 2024 18,356
At 31 December 2023 24,475

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 12,436 638
Other debtors 25,874 19,095
38,310 19,733

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 76,621 69,337
Hire purchase contracts 5,238 5,238
Trade creditors 31,037 38,066
Taxation and social security - 836
Other creditors 3,230 3,070
116,126 116,547

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 445,684 507,283
Hire purchase contracts 9,167 14,405
Other creditors 260,377 201,774
715,228 723,462

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 319,336 343,054

Page 6 continued...
EVENING STAR FR LLP (REGISTERED NUMBER: SO301078)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank overdrafts 23,621 16,337
Bank loans 498,684 560,283
Hire purchase contracts 14,405 19,643
536,710 596,263

The bank holds a bond and floating charge over the business assets and a ships mortgage over the fishing vessel.

11. LOANS AND OTHER DEBTS DUE TO MEMBERS

In the event of winding up the amounts included in 'Loans and other debts due to members' will rank equally with unsecured creditors.

12. ULTIMATE CONTROLLING PARTY

The limited liability partnership is controlled by the designated members who control the financial and operating activities of the limited liability partnership.

Page 7