REGISTERED NUMBER: SC240350 (Scotland)

Unaudited Financial Statements

for the Year Ended 30 November 2025

for

Piscatio Ltd.

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr R J Wallace

Mrs H A Wallace

REGISTERED OFFICE:

100A Gellymill Street

Macduff

Aberdeenshire

AB44 1UX

REGISTERED NUMBER:

SC240350 (Scotland)

ACCOUNTANTS:

SBP

Accountants

9 Carmelite Street

Banff

Aberdeenshire

AB45 1AF

FIXED ASSETS

Intangible assets

4

16,920

7,254

Tangible assets

5

221,909

190,204

238,829

197,458

CURRENT ASSETS

Debtors

6

8,894

98,132

Cash at bank

108,007

83,573

116,901

181,705

CREDITORS

Amounts falling due within one year

7

17,911

41,297

NET CURRENT ASSETS

98,990

140,408

TOTAL ASSETS LESS CURRENT LIABILITIES

337,819

337,866

PROVISIONS FOR LIABILITIES

50,769

35,785

NET ASSETS

287,050

302,081

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

286,950

301,981

SHAREHOLDERS' FUNDS

287,050

302,081

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 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 June 2026 and were signed on its behalf by:

Mr R J Wallace - Director

1.	STATUTORY INFORMATION

Piscatio Ltd. 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 represents the amounts (excluding value added tax) derived from the provision of goods and services to customers. Revenue is recognised at the point of sale.

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.

Fishing licence are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets

Tangible fixed assets are included at cost less depreciation and impairment. The residual value is reassessed at the end of each accounting period.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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 2 (2024 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Fishing

licence

£

COST

At 1 December 2024

24,180

Additions

18,800

Disposals

(24,180

)

At 30 November 2025

18,800

AMORTISATION

At 1 December 2024

16,926

Amortisation for year

1,880

Eliminated on disposal

(16,926

)

At 30 November 2025

1,880

NET BOOK VALUE

At 30 November 2025

16,920

At 30 November 2024

7,254

5.	TANGIBLE FIXED ASSETS

Improvements

to

Fishing

Marine

property

vessel

equipment

£

£

£

COST

At 1 December 2024

2,580

137,805

38,420

Additions

-

180,469

-

Disposals

-

(161,805

)

(19,686

)

At 30 November 2025

2,580

156,469

18,734

DEPRECIATION

At 1 December 2024

678

51,728

27,452

Charge for year

46

9,394

1,641

Eliminated on disposal

-

(51,733

)

(15,292

)

At 30 November 2025

724

9,389

13,801

NET BOOK VALUE

At 30 November 2025

1,856

147,080

4,933

At 30 November 2024

1,902

86,077

10,968

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 December 2024

144,901

3,295

327,001

Additions

-

-

180,469

Disposals

-

-

(181,491

)

At 30 November 2025

144,901

3,295

325,979

DEPRECIATION

At 1 December 2024

54,270

2,669

136,797

Charge for year

22,656

561

34,298

Eliminated on disposal

-

-

(67,025

)

At 30 November 2025

76,926

3,230

104,070

NET BOOK VALUE

At 30 November 2025

67,975

65

221,909

At 30 November 2024

90,631

626

190,204

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.25

30.11.24

£

£

Trade debtors

-

97,554

Other debtors

8,894

578

8,894

98,132

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.25

30.11.24

£

£

Taxation and social security

182

8,182

Other creditors

17,729

33,115

17,911

41,297

8.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr R J Wallace.