IRIS Accounts Production v25.4.12.37 SC187726 Board of Directors 1.10.24 30.9.25 30.9.25 false true false false false true false iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh SC187726 2024-09-30 SC187726 2025-09-30 SC187726 2024-10-01 2025-09-30 SC187726 2023-09-30 SC187726 2023-10-01 2024-09-30 SC187726 2024-09-30 SC187726 ns15:Scotland 2024-10-01 2025-09-30 SC187726 ns14:PoundSterling 2024-10-01 2025-09-30 SC187726 ns10:Director1 2024-10-01 2025-09-30 SC187726 ns10:PrivateLimitedCompanyLtd 2024-10-01 2025-09-30 SC187726 ns10:SmallEntities 2024-10-01 2025-09-30 SC187726 ns10:AuditExempt-NoAccountantsReport 2024-10-01 2025-09-30 SC187726 ns10:SmallCompaniesRegimeForDirectorsReport 2024-10-01 2025-09-30 SC187726 ns10:SmallCompaniesRegimeForAccounts 2024-10-01 2025-09-30 SC187726 ns10:FullAccounts 2024-10-01 2025-09-30 SC187726 1 2024-10-01 2025-09-30 SC187726 ns10:Director2 2024-10-01 2025-09-30 SC187726 ns10:RegisteredOffice 2024-10-01 2025-09-30 SC187726 ns5:CurrentFinancialInstruments 2025-09-30 SC187726 ns5:CurrentFinancialInstruments 2024-09-30 SC187726 ns5:Non-currentFinancialInstruments 2025-09-30 SC187726 ns5:Non-currentFinancialInstruments 2024-09-30 SC187726 ns5:ShareCapital 2025-09-30 SC187726 ns5:ShareCapital 2024-09-30 SC187726 ns5:RetainedEarningsAccumulatedLosses 2025-09-30 SC187726 ns5:RetainedEarningsAccumulatedLosses 2024-09-30 SC187726 ns5:NetGoodwill 2024-10-01 2025-09-30 SC187726 ns5:IntangibleAssetsOtherThanGoodwill 2024-10-01 2025-09-30 SC187726 ns5:PlantMachinery 2024-10-01 2025-09-30 SC187726 ns5:NetGoodwill 2025-09-30 SC187726 ns5:LandBuildings 2024-09-30 SC187726 ns5:PlantMachinery 2024-09-30 SC187726 ns5:LandBuildings 2024-10-01 2025-09-30 SC187726 ns5:LandBuildings 2025-09-30 SC187726 ns5:PlantMachinery 2025-09-30 SC187726 ns5:LandBuildings 2024-09-30 SC187726 ns5:PlantMachinery 2024-09-30 SC187726 ns5:CostValuation 2024-09-30 SC187726 ns5:AdditionsToInvestments 2025-09-30 SC187726 ns5:DisposalsRepaymentsInvestments 2025-09-30 SC187726 ns5:CostValuation 2025-09-30 SC187726 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-09-30 SC187726 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-09-30

REGISTERED NUMBER: SC187726 (Scotland)

Unaudited Financial Statements for the Year Ended 30th September 2025

for

Marino Foods Limited

| Marino Foods Limited (Registered number: SC187726) |

Contents of the Financial Statements

for the Year Ended 30th September 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| Marino Foods Limited |

Company Information

for the Year Ended 30th September 2025

| DIRECTORS: | G Reid

| Miss L Claxton

| REGISTERED OFFICE: | Clifton Cottage

| 31 Station Road

| Banchory

| Kincardineshire

| AB31 5XX

| REGISTERED NUMBER: | SC187726 (Scotland)

| ACCOUNTANTS: | OCG Accountants Ltd

| Biz Hub Tees Valley

| Belasis Hall Technology Park

| Coxwold Way

| Billingham

| Co. Durham

| TS23 4EA

| Marino Foods Limited (Registered number: SC187726) |

Balance Sheet

30th September 2025

| 2025 |  | 2024

| Notes | £ | £ |

FIXED ASSETS

Intangible assets | 4 | 484,386 |  | - |  |

Tangible assets | 5 | 12,719 |  | 7,373 |  |

Investments | 6 | - |  | 2,620,880 |  |

497,105 |  | 2,628,253 |  |

CURRENT ASSETS

Stocks | 4,711 |  | 4,711 |  |

Debtors | 7 | 14,621 |  | 199,271 |  |

Cash at bank | 76,022 |  | 14,296 |  |

95,354 |  | 218,278 |  |

CREDITORS

Amounts falling due within one year | 8 | (145,307 | ) | (70,672 | ) |

NET CURRENT (LIABILITIES)/ASSETS | (49,953 | ) | 147,606 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 447,152 |  | 2,775,859 |  |

CREDITORS

Amounts falling due after more than one year | 9 | - |  | (21,032 | ) |

PROVISIONS FOR LIABILITIES | - |  | (173 | ) |

NET ASSETS | 447,152 |  | 2,754,654 |  |

| Marino Foods Limited (Registered number: SC187726) |

Balance Sheet - continued

30th September 2025

| 2025 |  | 2024

| Notes | £ | £ |

CAPITAL AND RESERVES

Called up share capital | 100 |  | 100 |  |

Retained earnings | 447,052 |  | 2,754,554 |  |

447,152 |  | 2,754,654 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 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 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 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 6th February 2026 and were signed on its behalf by:

G Reid - Director

| Marino Foods Limited (Registered number: SC187726) |

Notes to the Financial Statements

for the Year Ended 30th September 2025

1. | STATUTORY INFORMATION

| Marino Foods Limited is a private company, limited by shares , 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

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

| GOODWILL

| On the 30th September 2025, the company purchased a new store. The amount paid has not been amortised due to the date of the purchase.

| INTANGIBLE ASSETS

| Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

| TANGIBLE FIXED ASSETS

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Plant and machinery etc | - | 33% on cost and 10% on cost

| INVESTMENTS IN SUBSIDIARIES

| Investments in subsidiary undertakings are recognised at cost.

| STOCKS

| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

| TAXATION

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

| Current or deferred taxation assets and liabilities are not discounted.

| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

| Marino Foods Limited (Registered number: SC187726) |

Notes to the Financial Statements - continued

for the Year Ended 30th September 2025

2. | ACCOUNTING POLICIES - continued

| DEFERRED TAX

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

| HIRE PURCHASE AND LEASING COMMITMENTS

| Rentals paid under operating leases are charged to profit or loss 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 40 (2024 - 52 ) .

4. | INTANGIBLE FIXED ASSETS

| Goodwill

£ |

| COST

| Additions | 484,386 |  |

| At 30th September 2025 | 484,386 |  |

| NET BOOK VALUE

| At 30th September 2025 | 484,386 |  |

| Marino Foods Limited (Registered number: SC187726) |

Notes to the Financial Statements - continued

for the Year Ended 30th September 2025

5. | TANGIBLE FIXED ASSETS

| Plant and |

| Land and |  | machinery |

| buildings |  | etc |  | Totals

£ | £ | £ |

| COST

| At 1st October 2024 | 24,903 |  | 264,495 |  | 289,398 |  |

| Additions | - |  | 12,719 |  | 12,719 |  |

| Disposals | (24,903 | ) | (264,495 | ) | (289,398 | ) |

| At 30th September 2025 | - |  | 12,719 |  | 12,719 |  |

| DEPRECIATION

| At 1st October 2024 | 24,903 |  | 257,122 |  | 282,025 |  |

| Eliminated on disposal | (24,903 | ) | (257,122 | ) | (282,025 | ) |

| At 30th September 2025 | - |  | - |  | - |  |

| NET BOOK VALUE

| At 30th September 2025 | - |  | 12,719 |  | 12,719 |  |

| At 30th September 2024 | - |  | 7,373 |  | 7,373 |  |

6. | FIXED ASSET INVESTMENTS

| Shares in

| group

| undertakings

£ |

| COST

| At 1st October 2024 | 2,620,880 |  |

| Additions | 380,788 |  |

| Disposals | (3,001,668 | ) |

| At 30th September 2025 | - |  |

| NET BOOK VALUE

| At 30th September 2025 | - |  |

| At 30th September 2024 | 2,620,880 |  |

7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade debtors | 5,621 |  | 40,399 |  |

| Other debtors | 9,000 |  | 158,872 |  |

14,621 |  | 199,271 |  |

| Marino Foods Limited (Registered number: SC187726) |

Notes to the Financial Statements - continued

for the Year Ended 30th September 2025

8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade creditors | 20,164 |  | 18,478 |  |

| Taxation and social security | 121,213 |  | 48,960 |  |

| Other creditors | 3,930 |  | 3,234 |  |

145,307 |  | 70,672 |  |

9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2025 | 2024 |

£ | £ |

| Other creditors | - |  | 21,032 |  |

10. | RELATED PARTY DISCLOSURES

| On 30th September 2025 the company purchased a new store from a connected company. The amount paid was calculated as being the market value for this type of business. The amount paid was £497,105.

| On 30th September 2025 the company sold a store to a connected company. The amount received was calculated as being the market value for this type of business. The amount received was £457,746.

| Included in Other Creditors is an amount of £2,520 (2024: £2,000) owed to one of the directors. This amount does not accrue interest and is repayable on demand.

| On 30th September 2025, the company resigned from an LLP in which it was a member. On the basis that no future liability accrued to the company, the company (as per the Partnership Agreement) had no claim on its capital account in the LLP. This investment has been written off. No tax relief has been claimed on this write off.

| During the year various connected companies (by way of common control) were both charged and recharged this company management fees in relation to the running of the businesses. These management fees reflected the amounts incurred by this company, and other companies, and these costs are recharged to relevant parties.

| At 30th September 2025, various loans to companies under common control were written off. No tax relief has been claimed for these transactions.