Acorah Software Products - Accounts Production 16.8.310 false true true 30 December 2023 31 December 2022 false 31 December 2023 30 December 2024 30 December 2024 10303725 Mr Klaas Van Den Berg Mr Richard Hards true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10303725 2023-12-30 10303725 2024-12-30 10303725 2023-12-31 2024-12-30 10303725 frs-core:CurrentFinancialInstruments 2024-12-30 10303725 frs-core:Non-currentFinancialInstruments 2024-12-30 10303725 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-12-31 2024-12-30 10303725 frs-core:NetGoodwill 2024-12-30 10303725 frs-core:NetGoodwill 2023-12-31 2024-12-30 10303725 frs-core:NetGoodwill 2023-12-30 10303725 frs-core:OtherResidualIntangibleAssets 2024-12-30 10303725 frs-core:OtherResidualIntangibleAssets 2023-12-31 2024-12-30 10303725 frs-core:OtherResidualIntangibleAssets 2023-12-30 10303725 frs-core:PlantMachinery 2024-12-30 10303725 frs-core:PlantMachinery 2023-12-31 2024-12-30 10303725 frs-core:PlantMachinery 2023-12-30 10303725 frs-core:RevaluationReserve 2023-12-31 2024-12-30 10303725 frs-core:RevaluationReserve 2023-12-30 10303725 frs-core:RevaluationReserve 2024-12-30 10303725 frs-core:ShareCapital 2024-12-30 10303725 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 2024-12-30 10303725 frs-core:RetainedEarningsAccumulatedLosses frs-core:PreviouslyStatedAmount 2023-12-30 10303725 frs-core:RetainedEarningsAccumulatedLosses 2024-12-30 10303725 frs-bus:PrivateLimitedCompanyLtd 2023-12-31 2024-12-30 10303725 frs-bus:FilletedAccounts 2023-12-31 2024-12-30 10303725 frs-bus:SmallEntities 2023-12-31 2024-12-30 10303725 frs-bus:AuditExempt-NoAccountantsReport 2023-12-31 2024-12-30 10303725 frs-bus:SmallCompaniesRegimeForAccounts 2023-12-31 2024-12-30 10303725 1 2023-12-31 2024-12-30 10303725 frs-bus:Director1 2023-12-31 2024-12-30 10303725 frs-bus:CompanySecretary1 2023-12-31 2024-12-30 10303725 frs-countries:Scotland 2023-12-31 2024-12-30 10303725 2022-12-30 10303725 2023-12-30 10303725 2022-12-31 2023-12-30 10303725 frs-core:CurrentFinancialInstruments 2023-12-30 10303725 frs-core:Non-currentFinancialInstruments 2023-12-30 10303725 frs-core:RevaluationReserve 2023-12-30 10303725 frs-core:ShareCapital 2023-12-30 10303725 frs-core:RetainedEarningsAccumulatedLosses 2023-12-30
Registered number: 10303725
From The Mountain Eng Limited
Unaudited Financial Statements
For The Year Ended 30 December 2024
M Squared Accountants Ltd
From The Mountain Eng Limited
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—6

Page 1
From The Mountain Eng Limited
Balance Sheet
As At 30 December 2024
Balance Sheet
Registered number: 10303725

| 2024 | 2023
--- | --- | ---
| Notes | € | € | € | €
FIXED ASSETS
Intangible Assets | 4 |  | 804,000 |  | 1,065,250
Tangible Assets | 5 |  | 454,720 |  | 508,777
|  |  | 1,258,720 |  | 1,574,027
CURRENT ASSETS
Debtors | 6 | 247,108 |  | 161,813 |
Cash at bank and in hand |  | 50,680 |  | 89,206 |
|  | 297,788 |  | 251,019 |
Creditors: Amounts Falling Due Within One Year | 7 | (2,315,363 ) |  | (2,163,543 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | (2,017,575 ) |  | (1,912,524 )
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | (758,855 ) |  | (338,497 )
Creditors: Amounts Falling Due After More Than One Year | 8 |  | (199,539 ) |  | (269,531 )
NET LIABILITIES |  |  | (958,394 ) |  | (608,028 )
CAPITAL AND RESERVES
Called up share capital | 9 |  | 938,863 |  | 938,863
Revaluation reserve | 10 |  | - |  | 18,000
Profit and Loss Account |  |  | (1,897,257 ) |  | (1,564,891 )
SHAREHOLDERS' FUNDS |  |  | (958,394) |  | (608,028)

Page 1
Page 2
From The Mountain Eng Limited
Balance Sheet (continued)
As At 30 December 2024
For the year ending 30 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board

Mr Klaas Van Den Berg Director
22/01/2026

The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
From The Mountain Eng Limited
Notes to the Financial Statements
For The Year Ended 30 December 2024
Notes to the Financial Statements
1. General Information
From The Mountain Eng Limited is a private company, limited by shares, incorporated in Scotland, registered number 10303725 . The registered office is Garden Villa, Browston Lane, Browston, Norlfolk, NR31 9DL.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The financial statements have been prepared under the going concern basis. the validity of which is dependent upon the continued support of the parent company Zeevisserijbedrijr UK 111 BV.
As a result of the losses in recent years and the negative equity as well as reaching the top of the current account credit, doubts could arise about continuity. The price of gas oil has now fallen and earnings have improved so that the company expects positive results again. Discussions with the bank in which forecasts were provided resulted in the bank retaining its support of the company. Although there is still an uncertain situation for the future, there is no discontinuity yet. The principles of valuation and determination of results used in these annual accounts are therefore based on the assumption of continuity of the company.
As such the Director considers that it is appropriate to continue to adopt the going concern basis of accounting in preparing the financial statements.
2.3. 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.
2.4. Intangible Fixed Assets and Amortisation - Other Intangible
Intangible assets acquired separately from a business are initially recognised at cost and are subsequently held at fair value.
Intangible assets comprise fishing quotas and licences. The company has chosen to apply the revaluation model to licences and quotas that it has acquired where an active market exists. Such items are initially recorded at cost, and are then carried at a revalued amount, being its fair value at the date of revaluation less any subsequent accumulated amortisation and subsequent accumulated impairment losses, provided that the fair value can be determined by reference to an active market. Such assets are assessed by the directors at each reporting date and are stated at their fair value. Therefore these intangible assets are not amortised.
Where the fair value of a revalued intangible asset can no longer be determined by reference to an active market in accordance with the requirements of FRS 102, the carrying amount of the asset shall be its revalued amount at the date of the last revaluation by reference to the active market, less any subsequent accumulated amortisation and any subsequent accumulated impairment losses.
This is a departure from the Small Companies and Groups (Accounts and Directors’ Report) Regulations 2008 of the Companies Act 2006 which states that intangible assets must be written off over the useful economic life of the intangible asset and, if the useful economic life cannot be reliably estimated, it must not exceed ten years.
Page 3
Page 4
From The Mountain Eng Limited
Notes to the Financial Statements (continued)
For The Year Ended 30 December 2024
2.5. 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:

Fishing Vessel | 10% - 20% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
2.6. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Intangible Assets

| Fishing Licences | Fishing Quota | Total
--- | --- | --- | ---
| € | € | €
Cost
As at 31 December 2023 | 931,509 | 979,028 | 1,910,537
Revaluations | (18,000 ) | - | (18,000 )
As at 30 December 2024 | 913,509 | 979,028 | 1,892,537
Amortisation
As at 31 December 2023 | 153,509 | 691,778 | 845,287
Impairment losses | 142,000 | 101,250 | 243,250
As at 30 December 2024 | 295,509 | 793,028 | 1,088,537

...CONTINUED
Page 4
Page 5
From The Mountain Eng Limited
Notes to the Financial Statements (continued)
For The Year Ended 30 December 2024

Net Book Value
As at 30 December 2024 | 618,000 | 186,000 | 804,000
As at 31 December 2023 | 778,000 | 287,250 | 1,065,250

Fishing licences and quotas are carried at fair value. The fair value is assessed by Profinis Accountants based in Urk, Netherlands on an open market value basis at each reporting date. The valuation was based on recent market transactions on an arm’s length basis for similar licenses. At 30 December 2024 the commercial valuation of the licences was assessed at €618,000. The commercial value of the quotas was assessed at €186,000 and impaired by €101,250.
As fishing licences and quotas are held at fair value no amortisation has been charged. This is a departure from the Small Companies and Groups (Accounts and Directors’ Report) Regulations 2008 of the Companies Act 2006 which states that intangible assets must be written off over the useful economic life of the intangible asset and, if the useful economic life cannot be reliably estimated, it must not exceed ten years.
5. Tangible Assets

| Fishing Vessel
--- | ---
| €
Cost
As at 31 December 2023 | 1,005,010
Additions | 76,181
As at 30 December 2024 | 1,081,191
Depreciation
As at 31 December 2023 | 496,233
Provided during the period | 130,238
As at 30 December 2024 | 626,471
Net Book Value
As at 30 December 2024 | 454,720
As at 31 December 2023 | 508,777

6. Debtors

| 2024 |  | 2023
--- | --- | --- | ---
| € |  | €
Due within one year
Other debtors | 77,588 |  | 55,032
Due after more than one year
Other debtors | 169,520 |  | 106,781
| 247,108 |  | 161,813

7. Creditors: Amounts Falling Due Within One Year

| 2024 |  | 2023
--- | --- | --- | ---
| € |  | €
Trade creditors | 712,549 |  | 690,081
Bank loans and overdrafts | 1,027,990 |  | 70,000
Amounts owed to group undertakings | 527,414 |  | 1,397,255
Other creditors | 47,410 |  | 6,207
| 2,315,363 |  | 2,163,543

The company has given a fixed charge over the fishing vessel, held within fixed assets, on the bank loan.
Page 5
Page 6
From The Mountain Eng Limited
Notes to the Financial Statements (continued)
For The Year Ended 30 December 2024
8. Creditors: Amounts Falling Due After More Than One Year

| 2024 |  | 2023
--- | --- | --- | ---
| € |  | €
Bank loans | 199,539 |  | 269,531

The company has given a fixed charge over the fishing vessel, held within fixed assets, on the bank loan.
9. Share Capital

| 2024 |  | 2023
--- | --- | --- | ---
| € |  | €
Allotted, Called up and fully paid | 938,863 |  | 938,863

10. Reserves

| Revaluation reserve | Profit and Loss Account
--- | --- | ---
| € | €
As at 31 December 2023 | 18,000 | (1,564,891 )
Loss for year | - | (332,366)
Surplus on revaluation | - | -
Deficit on revaluation | (18,000) | -
Other comprehensive income for the year | (18,000 ) | -
Total comprehensive income for the year | (18,000) | (332,366 )
As at 30 December 2024 | - | (1,897,257 )

11. Related Party Transactions
The company has applied the exemption not to disclose transactions with other parties that are wholly owned within the group.
12. Ultimate Parent Undertaking and Controlling Party
The immediate parent company is Zeevisserijbedrijf UK 111 BV who owns 100% of the share capital and has ultimate voting rights of From The Mountain ENG Limited.
The ultimate controlling party is K.W. van den Berg Beheer BV a company registered in the Netherlands.
The company's results are consolidated in the accounts of K.W. van den Berg Beheer BV, a company registered in the Netherlands, which is the smallest and largest group for which consolidated accounts including From The Mountain ENG Limited are prepared. The consolidated financial statements can be acquired from the registered office at 8321 LT URK, Netherlands.
Page 6