REGISTERED NUMBER: 12323883 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2025

FOR

LIONFISH CAPITAL LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mrs C E Lincoln

REGISTERED OFFICE:

Argent House

5 Goldington Road

Bedford

Bedfordshire

MK40 3JY

REGISTERED NUMBER:

12323883 (England and Wales)

ACCOUNTANTS:

Rawlinson Pryde & Partners

Chartered Certified Accountants

Argent House

5 Goldington Road

Bedford

Bedfordshire

MK40 3JY

FIXED ASSETS

Tangible assets

4

-

53

Investment property

5

591,804

325,000

591,804

325,053

CURRENT ASSETS

Prepayments and accrued income

338

76

Cash at bank

2,865

845

3,203

921

CREDITORS

Amounts falling due within one year

6

183,988

80,046

NET CURRENT LIABILITIES

(180,785

)

(79,125

)

TOTAL ASSETS LESS CURRENT LIABILITIES

411,019

245,928

CREDITORS

Amounts falling due after more than one year

7

(312,462

)

(151,118

)

PROVISIONS FOR LIABILITIES

9

(20,293

)

(20,293

)

ACCRUALS AND DEFERRED INCOME

(4,724

)

(1,601

)

NET ASSETS

73,540

72,916

CAPITAL AND RESERVES

Called up share capital

100

100

Fair value reserve

10

70,152

70,152

Retained earnings

3,288

2,664

73,540

72,916

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 director and authorised for issue on 9 April 2026 and were signed by:

Mrs C E Lincoln - Director

1.	STATUTORY INFORMATION

Lionfish Capital Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

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 as modified by the revaluation of certain assets.

Turnover

Turnover represents gross invoiced rent receivable.

Rent receivable is recognised on a straight line basis over the term of the relevant period.

Tangible fixed assets

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

Computer equipment

-

33% on cost

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments

Financial instruments are classified and accounted for according to the substance of the contractual arrangement, as either financial assets or financial liabilities.

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in profit or loss in other administrative expenses.

Prepayments are valued at the amount prepaid net of any trade discounts due. Accrued income and tax recoverable is included at the best estimate of the amounts receivable at the balance sheet date.

Creditors and provisions are recognised when the company has a legal or constructive obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle the obligation and the amount of the obligation can be reliably measured. Provisions are recognised at the best estimate of the amount required to settle the obligation at the reporting date.

Loans and borrowings are initially recognised at the transaction price including costs. Subsequently, they are measured at amortised cost using the effective interest method, less impairment. If an arrangement constitutes a financing transaction it is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. The present value of a financial asset or financial liability that is repayable on demand is equal to the undiscounted cash amount expect to be pair or received.

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.

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.

Impairment

Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 December 2024

and 30 November 2025

881

DEPRECIATION

At 1 December 2024

828

Charge for year

53

At 30 November 2025

881

NET BOOK VALUE

At 30 November 2025

-

At 30 November 2024

53

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 December 2024

325,000

Additions

266,804

At 30 November 2025

591,804

NET BOOK VALUE

At 30 November 2025

591,804

At 30 November 2024

325,000

Investment property comprises freehold residential property. The fair value of the investment property has

been arrived at on the basis of a valuation carried out at the year end by the director. The valuation was made

on an open market value basis by reference to market evidence of transaction prices for similar properties.

Fair value at 30 November 2025 is represented by:

£

Valuation in 2021

22,445

Valuation in 2022

68,000

Cost

501,359

591,804

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.25

30.11.24

£

£

Bank loans and overdrafts

11,221

5,020

Tax

132

-

Directors' current accounts

172,635

75,026

183,988

80,046

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.11.25

30.11.24

£

£

Bank loans and overdraft

50,291

21,869

Bank loans more 5 yr by instal

262,171

129,249

312,462

151,118

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

262,171

129,249

8.	SECURED DEBTS

The following secured debts are included within creditors:

30.11.25

30.11.24

£

£

Bank loans

323,683

156,138

Bank loans are secured by fixed charges over the property on which the mortgage is held.

9.	PROVISIONS FOR LIABILITIES

30.11.25

30.11.24

£

£

Deferred tax

20,293

20,293

Deferred

tax

£

Balance at 1 December 2024

20,293

Balance at 30 November 2025

20,293

10.

RESERVES

Fair

value

reserve

£

At 1 December 2024

and 30 November 2025

70,152

The non-distributable fair value reserve relates to a fair value gain on the investment properties of £90,445 net of deferred tax of £20,293.