Company Registration No. SC807200 (Scotland)
RIGEL AG LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED
30 SEPTEMBER 2025
PAGES FOR FILING WITH REGISTRAR
Vivian House
Newham Road
Truro
Cornwall
United Kingdom
TR1 2DP
RIGEL AG LTD
CONTENTS
Page
Company information
Balance sheet
1
Notes to the financial statements
2 - 4
RIGEL AG LTD
BALANCE SHEET
AS AT
30 SEPTEMBER 2025
30 September 2025
- 1 -
2025
Notes
£
£
Current assets
Debtors
3
1,560
Cash at bank and in hand
585,637
587,197
Creditors: amounts falling due within one year
4
(157,346)
Net current assets
429,851
Capital and reserves
Called up share capital
2
Profit and loss reserves
429,849
Total equity
429,851

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial period ended 30 September 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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.

T he members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.

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

The financial statements were approved by the board of directors and authorised for issue on 11 April 2026 and are signed on its behalf by:
Mr. Gary Masson
Director
Company registration number SC807200 (Scotland)
RIGEL AG LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2025
- 2 -
1
Accounting policies
Company information

Rigel Ag Ltd is a private company limited by shares incorporated in Scotland. The registered office is 3 Laverock Braes Crescent, Aberdeen, United Kingdom, AB22 9AB.

1.1
Reporting period

These financial statements cover an extended reporting period from 16 April 2024 to 30 September 2025. The period is longer than twelve months because it represents the Company’s first and only reporting period from incorporation through to its planned wind‑down.

1.2
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.3
Going concern

The directors have approved a plan to close the Company on an orderly basis. Accordingly, the financial statements have not been prepared on a going concern basis. Instead, they have been prepared on a break‑up basis true as appropriate.

1.4
Turnover

Turnover represents amounts receivable for the rental of fishing quotas during the year, excluding value added tax.

Income from the rental of fishing quotas is recognised on a straight‑line basis over the period for which the quota access is granted, reflecting the company’s performance obligation to provide the lessee with the right to use the quota for the agreed term.

1.5
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

RIGEL AG LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 30 SEPTEMBER 2025
1
Accounting policies
(Continued)
- 3 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date 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 is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

2
Employees

The average monthly number of persons (including directors) employed by the company during the period was:

2025
Number
Total
0
3
Debtors
2025
Amounts falling due within one year:
£
Other debtors
1,560
4
Creditors: amounts falling due within one year
2025
£
Taxation and social security
155,396
Other creditors
1,950
157,346
RIGEL AG LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 30 SEPTEMBER 2025
- 4 -
5
Directors' transactions

At the balance sheet date the directors balances were as follows:

G Masson owed the company £673.

A Rivero owed the company £673.

These loans are interest free and repayable on demand.

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