Maverick Enterprises LLP

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: SO307243

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		1,082,430		1,189,120
Tangible Assets	5		2,812,626		3,069,291

			3,895,056		4,258,411
CURRENT ASSETS
Debtors	6	36,212		12,008
Cash at bank and in hand		34,259		27,535

		70,471		39,543
Creditors: Amounts Falling Due Within One Year	7	(7,645 )		(78,135 )

NET CURRENT ASSETS (LIABILITIES)			62,826		(38,592 )

TOTAL ASSETS LESS CURRENT LIABILITIES			3,957,882		4,219,819

Creditors: Amounts Falling Due After More Than One Year	8		(1,112,117 )		(1,215,513 )

NET ASSETS ATTRIBUTABLE TO MEMBERS			2,845,765		3,004,306

REPRESENTED BY:
Loans and other debts due to members within one year
Other amounts		318,601		477,142

			318,601		477,142

Equity
Members' other interests
Members' capital		2,527,164		2,527,164

			2,527,164		2,527,164

			2,845,765		3,004,306

TOTAL MEMBERS' INTEREST
Loans and other debts due to members within one year			318,601		477,142
Members' other interests			2,527,164		2,527,164

			2,845,765		3,004,306

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Page 2

Maverick Enterprises LLP

Balance Sheet (continued)

As At 30 April 2025

For the year ending 30 April 2025 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

MCM Fishing Limited

Designated Member

15/01/2026

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Maverick Enterprises LLP is a limited liability partnership, incorporated in Scotland, registered number SO307243 . The Registered Office is 1-3 Dalrymple Street, Fraserburgh, Aberdeenshire, AB43 9BH.

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 stated at cost. Amortisation has been calculated over 5 years straight line.

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:

Plant & Machinery	4 years straight line
Motor Vehicles	4 years straight line
Fishing Vessel	16 years straight line

3. Average Number of Employees

Average number of employees, including members with contracts of employment, during the year was: 3 (2024: 3)

4. Intangible Assets

	Fishing Quota	Fishing Licences	Total
	£	£	£
Cost
As at 1 May 2024	527,900	981,290	1,509,190

As at 30 April 2025	527,900	981,290	1,509,190

Amortisation
As at 1 May 2024	78,300	241,770	320,070
Provided during the period	26,100	80,590	106,690

As at 30 April 2025	104,400	322,360	426,760

...CONTINUED

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Maverick Enterprises LLP

Notes to the Financial Statements (continued)

For The Year Ended 30 April 2025

Net Book Value
As at 30 April 2025	423,500	658,930	1,082,430

As at 1 May 2024	449,600	739,520	1,189,120

5. Tangible Assets

	Plant & Machinery	Motor Vehicles	Fishing Vessel	Total
	£	£	£	£
Cost
As at 1 May 2024	12,738	106,602	3,632,239	3,751,579

As at 30 April 2025	12,738	106,602	3,632,239	3,751,579

Depreciation
As at 1 May 2024	6,738	26,651	648,899	682,288
Provided during the period	3,000	26,650	227,015	256,665

As at 30 April 2025	9,738	53,301	875,914	938,953

Net Book Value
As at 30 April 2025	3,000	53,301	2,756,325	2,812,626

As at 1 May 2024	6,000	79,951	2,983,340	3,069,291

6. Debtors

	2025	2024
	£	£
Due within one year
Prepayments and accrued income	15,293	12,008
Agents balance (debtor)	20,919	-

	36,212	12,008

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	5,145	12,131
Agents balance (creditor)	-	63,504
Accruals and deferred income	2,500	2,500

	7,645	78,135

8. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	1,112,117	1,215,513

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