POSEIDON TRAWLERS LIMITED

Company Registration Number:
12601089 (England and Wales)

Unaudited abridged accounts for the year ended 31 May 2025

Period of accounts

Start date: 01 June 2024

End date: 31 May 2025

POSEIDON TRAWLERS LIMITED

Contents of the Financial Statements

for the Period Ended 31 May 2025

Balance sheet
Notes

POSEIDON TRAWLERS LIMITED

Balance sheet

As at 31 May 2025


Notes
2025
2024


£
£
Fixed assets
Intangible assets: 3 1,113,200 1,058,200
Tangible assets: 4 1,265,833 1,862,881
Total fixed assets: 2,379,033 2,921,081
Current assets
Debtors:   241,319 263,800
Cash at bank and in hand: 44 44
Total current assets: 241,363 263,844
Creditors: amounts falling due within one year: 5 (1,547,508) (1,388,416)
Net current assets (liabilities): (1,306,145) (1,124,572)
Total assets less current liabilities: 1,072,888 1,796,509
Creditors: amounts falling due after more than one year: 6 (973,022) (1,539,116)
Provision for liabilities: (84,942) (49,995)
Total net assets (liabilities): 14,924 207,398
Capital and reserves
Called up share capital: 100 100
Revaluation reserve:738,00038,667
Profit and loss account: (23,176) 168,631
Shareholders funds: 14,924 207,398

The notes form part of these financial statements

POSEIDON TRAWLERS LIMITED

Balance sheet statements

For the year ending 31 May 2025 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 04 February 2026
and signed on behalf of the board by:

Name: Jonathan Michael Reid
Status: Director

The notes form part of these financial statements

POSEIDON TRAWLERS LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2025

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

POSEIDON TRAWLERS LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2025

2. Employees

2025 2024
Average number of employees during the period 2 1

POSEIDON TRAWLERS LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2025

3. Intangible Assets

Total
Cost £
At 01 June 2024 1,129,500
Additions 55,000
At 31 May 2025 1,184,500
Amortisation
At 01 June 2024 71,300
At 31 May 2025 71,300
Net book value
At 31 May 2025 1,113,200
At 31 May 2024 1,058,200

POSEIDON TRAWLERS LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2025

4. Tangible Assets

Total
Cost £
At 01 June 2024 1,950,464
Disposals (590,008)
At 31 May 2025 1,360,456
Depreciation
At 01 June 2024 87,583
Charge for year 25,881
On disposals (18,841)
At 31 May 2025 94,623
Net book value
At 31 May 2025 1,265,833
At 31 May 2024 1,862,881

POSEIDON TRAWLERS LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2025

5. Creditors: amounts falling due within one year note

Loans totalling £13,876.93 (2024: £12,854.78) are secured against the motorfishing vessel 'Margaret Anne', loans totalling £20,444.39 (2024: nil) are secured against the motorfishing vessel 'Jacoba'. The loan secured against the motor fishing vessel 'Margaret Anne' was fully repaid in the year.

POSEIDON TRAWLERS LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2025

6. Creditors: amounts falling due after more than one year note

Loans totalling £268,61.42 (2024: £282,538.35) are secured against the motorfishing vessel 'Margaret Anne' and loans totalling £502,409.51 (2024: nil) are secured against the motorfishing vessel 'Jacoba' and loans of £Nil (2024: £300,357.66) are secured against the motorfishing vessel 'Elizabeth N'.

POSEIDON TRAWLERS LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2025

7. Revaluation reserve

2025
£
Balance at 01 June 2024 38,667
Surplus or deficit after revaluation (667)
Balance at 31 May 2025 38,000