REGISTERED NUMBER: 06796732 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025

FOR

SHELLSEEKERS FISH & GAME LIMITED

Page

Balance sheet

1

Notes to the financial statements

2

Fixed assets

Tangible assets

4

178,411

169,470

Current assets

Stocks

11,000

11,000

Debtors

5

69,302

78,346

Cash at bank and in hand

16,007

30,141

96,309

119,487

Creditors

Amounts falling due within one year

6

176,365

212,761

Net current liabilities

(80,056

)

(93,274

)

Total assets less current liabilities

98,355

76,196

Creditors

Amounts falling due after more than one year

7

(48,105

)

(26,487

)

Provisions for liabilities

9

(44,603

)

(42,368

)

Net assets

5,647

7,341

Capital and reserves

Called up share capital

10

100

100

Retained earnings

5,547

7,241

Shareholders' funds

5,647

7,341

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

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

The director acknowledges his 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 Statement of comprehensive income has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 May 2026 and were signed by:

Mr D S Brown - Director

1.	Statutory information

Shellseekers Fish & Game Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 06796732. The registered office and business address is Sikasrest, 1 Lytchett Lane, Bovington, Dorset, BH20 6PA.

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.

Preparation of consolidated financial statements

The company is a wholly owned subsidiary and the parent company has taken the option under S399 of the Companies Act 2006 not to prepare consolidated financial statements.

Turnover

Turnover represents income receivable from the sale of fish and game, net of VAT.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on reducing balance

Stocks

Stock and Work In Progress are valued at the lower of cost and net realisable value.

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 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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Financial instruments

Basic financial instruments are initially recognised at transaction price and accounted for according to the substance of the contractual arrangement, as either financial assets, liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company, after deducting all liabilities.

At each balance sheet date, financial instruments are measured at amortised cost using the effective interest method. Any losses arising from impairment are recognised in the profit and loss account in the period to which they relate.

3.	Employees and directors

The average number of employees during the year was 11 (2024 - 9 ) .

4.	Tangible fixed assets

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

Cost

At 1 October 2024

236,252

44,196

83,190

4,443

368,081

Additions

9,730

3,201

63,206

2,535

78,672

Disposals

-

-

(37,700

)

-

(37,700

)

At 30 September 2025

245,982

47,397

108,696

6,978

409,053

Depreciation

At 1 October 2024

134,022

20,758

40,581

3,250

198,611

Charge for year

22,392

3,996

21,238

1,243

48,869

Eliminated on disposal

-

-

(16,838

)

-

(16,838

)

At 30 September 2025

156,414

24,754

44,981

4,493

230,642

Net book value

At 30 September 2025

89,568

22,643

63,715

2,485

178,411

At 30 September 2024

102,230

23,438

42,609

1,193

169,470

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

Cost

At 1 October 2024

48,500

Additions

63,206

Disposals

(30,000

)

Transfer to ownership

(18,500

)

At 30 September 2025

63,206

Depreciation

At 1 October 2024

24,872

Charge for year

15,801

Eliminated on disposal

(11,250

)

Transfer to ownership

(13,622

)

At 30 September 2025

15,801

Net book value

At 30 September 2025

47,405

At 30 September 2024

23,628

5.

Debtors: amounts falling due within one year

2025

2024

£

£

Trade debtors

1,225

10,145

Amounts owed by group undertakings

41,236

50,481

Other debtors

14,685

7,273

VAT

6,757

4,708

Prepayments and accrued income

5,399

5,739

69,302

78,346

6.

Creditors: amounts falling due within one year

2025

2024

£

£

Bank loans and overdrafts

14,821

49,628

Hire purchase contracts

11,644

7,373

Trade creditors

48,823

37,487

Amounts owed to group undertakings

68,500

73,254

Tax

18,451

25,197

Social security and other taxes

5,209

5,597

Other creditors

6,867

12,285

Accruals and deferred income

2,050

1,940

176,365

212,761

7.

Creditors: amounts falling due after more than one year

2025

2024

£

£

Bank loans - 1-5 years

-

10,980

Hire purchase contracts

48,105

15,507

48,105

26,487

8.	Secured debts

The following secured debts are included within creditors:

2025

2024

£

£

Hire purchase contracts

59,749

22,880

Iwoca Skye Finance Ltd

7,879

42,435

67,628

65,315

All monies due to, or to become due to, Iwoca Skye Finance Ltd are secured by way of fixed and floating charges, dated 3 November 2020, over the assets of the company.

Amounts owed under hire purchase are secured against the asset to which they relate.

9.	Provisions for liabilities

2025

2024

£

£

Deferred tax

44,603

42,368

Deferred

tax

£

Balance at 1 October 2024

42,368

Provided during year

2,235

Balance at 30 September 2025

44,603

10.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

£1

100

100

11.	Ultimate controlling party

The Company is under the control of the Director, by virtue of his 100% holding of the issued voting share capital in the ultimate parent company, Shellseekers Fish & Game Holdings Limited.