Silverfin false false 31/05/2025 01/06/2024 31/05/2025 Benjamin John Browse 20/02/2008 Hannah Elisabeth Anne Macmanus 20/02/2008 23 December 2025 The principal activity of the Company during the financial year was commercial fishing and crabbing. 06509761 2025-05-31 06509761 bus:Director1 2025-05-31 06509761 bus:Director2 2025-05-31 06509761 2024-05-31 06509761 core:CurrentFinancialInstruments 2025-05-31 06509761 core:CurrentFinancialInstruments 2024-05-31 06509761 core:Non-currentFinancialInstruments 2025-05-31 06509761 core:Non-currentFinancialInstruments 2024-05-31 06509761 core:ShareCapital 2025-05-31 06509761 core:ShareCapital 2024-05-31 06509761 core:RetainedEarningsAccumulatedLosses 2025-05-31 06509761 core:RetainedEarningsAccumulatedLosses 2024-05-31 06509761 core:Vehicles 2024-05-31 06509761 core:FurnitureFittings 2024-05-31 06509761 core:OtherPropertyPlantEquipment 2024-05-31 06509761 core:Vehicles 2025-05-31 06509761 core:FurnitureFittings 2025-05-31 06509761 core:OtherPropertyPlantEquipment 2025-05-31 06509761 bus:OrdinaryShareClass1 2025-05-31 06509761 2024-06-01 2025-05-31 06509761 bus:FilletedAccounts 2024-06-01 2025-05-31 06509761 bus:SmallEntities 2024-06-01 2025-05-31 06509761 bus:AuditExemptWithAccountantsReport 2024-06-01 2025-05-31 06509761 bus:PrivateLimitedCompanyLtd 2024-06-01 2025-05-31 06509761 bus:Director1 2024-06-01 2025-05-31 06509761 bus:Director2 2024-06-01 2025-05-31 06509761 core:Vehicles 2024-06-01 2025-05-31 06509761 core:FurnitureFittings 2024-06-01 2025-05-31 06509761 core:OtherPropertyPlantEquipment core:BottomRangeValue 2024-06-01 2025-05-31 06509761 core:OtherPropertyPlantEquipment core:TopRangeValue 2024-06-01 2025-05-31 06509761 2023-06-01 2024-05-31 06509761 core:OtherPropertyPlantEquipment 2024-06-01 2025-05-31 06509761 core:CurrentFinancialInstruments 2024-06-01 2025-05-31 06509761 core:Non-currentFinancialInstruments 2024-06-01 2025-05-31 06509761 bus:OrdinaryShareClass1 2024-06-01 2025-05-31 06509761 bus:OrdinaryShareClass1 2023-06-01 2024-05-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 06509761 (England and Wales)

# BROWSE BROS FISHERIES LIMITED

### Unaudited Financial Statements
For the financial year ended 31 May 2025
Pages for filing with the registrar

BROWSE BROS FISHERIES LIMITED

## Unaudited Financial Statements

For the financial year ended 31 May 2025

Contents

BROWSE BROS FISHERIES LIMITED

## STATEMENT OF FINANCIAL POSITION

As at 31 May 2025
BROWSE BROS FISHERIES LIMITED

## STATEMENT OF FINANCIAL POSITION (continued)

As at 31 May 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Tangible assets | 3 | 808,939 |  | 806,289
|  | 808,939 |  | 806,289
Current assets |  |  |  |
Stocks |  | 5,000 |  | 5,000
Debtors | 4 | 42,076 |  | 4,975
Cash at bank and in hand |  | 38,323 |  | 141,546
|  | 85,399 |  | 151,521
Creditors: amounts falling due within one year | 5 | ( 566,146) |  | ( 449,412)
Net current liabilities |  | (480,747) |  | (297,891)
Total assets less current liabilities |  | 328,192 |  | 508,398
Creditors: amounts falling due after more than one year | 6 | ( 170,462) |  | ( 230,044)
Provision for liabilities |  | ( 102,949) |  | ( 105,640)
Net assets |  | 54,781 |  | 172,714
Capital and reserves |  |  |  |
Called-up share capital | 7 | 450 |  | 450
Profit and loss account |  | 54,331 |  | 172,264
Total shareholder's funds |  | 54,781 |  | 172,714

For the financial year ending 31 May 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Browse Bros Fisheries Limited (registered number: 06509761) were approved and authorised for issue by the Board of Directors on 23 December 2025. They were signed on its behalf by:

Hannah Elisabeth Anne Macmanus Director |

BROWSE BROS FISHERIES LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 May 2025
BROWSE BROS FISHERIES LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 May 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

Browse Bros Fisheries Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Century House, Nicholson Road, Torquay, TQ2 7TD, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors note that the business has net assets of £54,781. The Company is supported through loans from the directors. The directors have confirmed that the loan facilities will continue to be available for at least 12 months from the date of signing these financial statements and the directors will continue to support the Company. Given the current position, the directors believe that any foreseeable debts can be met for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

##### Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

##### Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.
Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

##### Tangible fixed assets

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended. Depreciation is provided on all tangible fixed assets, other than investment properties and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line/reducing balance basis over its expected useful life, as follows:

Vehicles | 25 % reducing balance
Fixtures and fittings | 25 % reducing balance
Other property, plant and equipment | 10 - 30 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

##### Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.
Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

##### Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

##### Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.
At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

##### Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

##### Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at 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 creditors: amounts falling due within one year.

##### Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

##### Ordinary share capital

The ordinary share capital of the Company is presented as equity.

##### Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including directors | 3 |  | 3

#### 3. Tangible assets

| Vehicles |  | Fixtures and fittings |  | Other property, plant and equipment |  | Total
| £ |  | £ |  | £ |  | £
Cost |  |  |  |  |  |  |
At 01 June 2024 | 62,665 |  | 4,662 |  | 950,000 |  | 1,017,327
Additions | 0 |  | 0 |  | 48,761 |  | 48,761
At 31 May 2025 | 62,665 |  | 4,662 |  | 998,761 |  | 1,066,088
Accumulated depreciation |  |  |  |  |  |  |
At 01 June 2024 | 6,528 |  | 4,073 |  | 200,437 |  | 211,038
Charge for the financial year | 14,034 |  | 147 |  | 31,930 |  | 46,111
At 31 May 2025 | 20,562 |  | 4,220 |  | 232,367 |  | 257,149
Net book value |  |  |  |  |  |  |
At 31 May 2025 | 42,103 |  | 442 |  | 766,394 |  | 808,939
At 31 May 2024 | 56,137 |  | 589 |  | 749,563 |  | 806,289

#### 4. Debtors

| 2025 |  | 2024
| £ |  | £
Trade debtors | 3,700 |  | 0
Accrued income | 25,000 |  | 0
VAT recoverable | 13,376 |  | 4,975
| 42,076 |  | 4,975

#### 5. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Bank loans | 45,203 |  | 38,195
Trade creditors | 174,869 |  | 83,765
Amounts owed to directors | 225,805 |  | 219,409
Accruals | 41,011 |  | 29,944
Taxation and social security | 43,933 |  | 43,933
Obligations under finance leases and hire purchase contracts | 7,016 |  | 7,016
Other creditors | 28,309 |  | 27,150
| 566,146 |  | 449,412

The bank loans above are secured against the company's assets.
The obligations under finance leases and hire purchase contracts are secured against the assets to which they relate.

#### 6. Creditors: amounts falling due after more than one year

| 2025 |  | 2024
| £ |  | £
Bank loans | 130,754 |  | 183,319
Obligations under finance leases and hire purchase contracts | 39,708 |  | 46,725
| 170,462 |  | 230,044

The bank loans above are secured against the company's assets.
The obligations under finance leases and hire purchase contracts are secured against the assets to which they relate.

#### 7. Called-up share capital

| 2025 |  | 2024
| £ |  | £
Allotted, called-up and fully-paid |  |  |
450 Ordinary shares of £ 1.00 each | 450 |  | 450

#### 8. Related party transactions

Transactions with the entity's directors

| 2025 |  | 2024
| £ |  | £
Amounts owed to the directors | 225,805 |  | 219,409

The balances are repayable on demand and no interest is charged.