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REGISTERED NUMBER: 08356599 (England and Wales)

UNIQUE SEAFOOD HOLDINGS LIMITED

GROUP STRATEGIC REPORT,

REPORT OF THE DIRECTORS AND

CONSOLIDATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 DECEMBER 2025

UNIQUE SEAFOOD HOLDINGS LIMITED (REGISTERED NUMBER: 08356599) |

CONTENTS OF THE CONSOLIDATED FINANCIAL STATEMENTS

for the year ended 31 December 2025

Page |

| Company information | 1 |

| Group strategic report | 2 |

| Report of the directors | 3 |

| Report of the independent auditors | 5 |

| Consolidated income statement | 8 |

| Consolidated other comprehensive income | 9 |

| Consolidated balance sheet | 10 |

| Company balance sheet | 11 |

| Consolidated statement of changes in equity | 12 |

| Company statement of changes in equity | 13 |

| Consolidated cash flow statement | 14 |

| Notes to the consolidated cash flow statement | 15 |

| Notes to the consolidated financial statements | 17 |

| UNIQUE SEAFOOD HOLDINGS LIMITED |

COMPANY INFORMATION

for the year ended 31 December 2025

| DIRECTORS: | H Nissen

| K P Sperre

| Ms I M Sperre

| Ms E F Nissen

| REGISTERED OFFICE: | Lygon House

| 50 London Road

| Bromley

| Kent

| BR1 3RA

| REGISTERED NUMBER: | 08356599 (England and Wales)

| AUDITORS: | Berringers LLP

| Chartered Accountants

| and Statutory Auditors

| Lygon House

| 50 London Road

| Bromley

| Kent

| BR1 3RA

UNIQUE SEAFOOD HOLDINGS LIMITED (REGISTERED NUMBER: 08356599) |

GROUP STRATEGIC REPORT

for the year ended 31 December 2025

The directors present their strategic report of the company and the group for the year ended 31 December 2025.

REVIEW OF BUSINESS

The principal activity of the group in the year under review was the wholesale and retail sale of frozen fish, and operating fish and chip restaurants.

On 13 October 2025 the trade assets of Catch Limited were sold for £100,000 and as a result the group ceased activities connected with the operation of restaurants. The directors made this strategic decision to focus time and resources on more profitable business activities.

Results

The results for the year and financial position of the company and the group are shown in the annexed financial statements.

Group turnover on continuing operations has increased due to a upturn in market conditions from £37,878,783 in 2024 to £44,690,987 in 2025.

The group gross profit stood at £5,059,215 compared to £3,519,093 in 2024.

Net assets remain at a healthy level and stood at £7,894,871 at the year end.

Key performance indicators

Key performance indicators are turnover, margins and product mix. Non financial indicators are also used including product availability, customer returns and service levels to measure business performance in meeting the needs of our customers.

PRINCIPAL RISKS AND UNCERTAINTIES

The group operates in a sophisticated market and its performance is related to ensuring it holds the correct stocks at competitive prices to satisfy all its customers requirements at any one time.

The main financial risks arising from the group's activities are credit risk, interest rate risk and liquidity risk. These are monitored by the board of directors.

The group's policy in respect of interest rate and liquidity risk is to maintain a mixture of long-term and short-term debt finance and readily accessible bank deposit accounts to ensure that the group has sufficient funds for operations.

ON BEHALF OF THE BOARD:

H Nissen - Director

30 June 2026

UNIQUE SEAFOOD HOLDINGS LIMITED (REGISTERED NUMBER: 08356599) |

REPORT OF THE DIRECTORS

for the year ended 31 December 2025

The directors present their report with the financial statements of the company and the group for the year ended 31 December 2025.

DIVIDENDS

The total distribution of dividends for the year ended 31 December 2025 will be £ 500,000 .

DIRECTORS

The directors shown below have held office during the whole of the period from 1 January 2025 to the date of this report.

H Nissen

K P Sperre

Ms I M Sperre

Ms E F Nissen

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Group strategic report, the Report of the directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the group and of the profit or loss of the group for that period. In preparing these financial statements, the directors are required to:

- | select suitable accounting policies and then apply them consistently;

- | make judgements and accounting estimates that are reasonable and prudent;

- | prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's and the group's transactions and disclose with reasonable accuracy at any time the financial position of the company and the group and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the group's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the group's auditors are aware of that information.

UNIQUE SEAFOOD HOLDINGS LIMITED (REGISTERED NUMBER: 08356599) |

REPORT OF THE DIRECTORS

for the year ended 31 December 2025

AUDITORS

The auditors, Berringers LLP will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

H Nissen - Director

30 June 2026

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

UNIQUE SEAFOOD HOLDINGS LIMITED

Opinion

We have audited the financial statements of Unique Seafood Holdings Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 31 December 2025 which comprise the Consolidated income statement, Consolidated other comprehensive income, Consolidated balance sheet, Company balance sheet, Consolidated statement of changes in equity, Company statement of changes in equity, Consolidated cash flow statement and Notes to the consolidated cash flow statement, Notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

- | give a true and fair view of the state of the group's and of the parent company affairs as at 31 December 2025 and of the group's profit for the year then ended;

- | have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

- | have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and the parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The directors are responsible for the other information. The other information comprises the information in the Group strategic report and the Report of the directors, but does not include the financial statements and our Report of the auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

- | the information given in the Group strategic report and the Report of the directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and

- | the Group strategic report and the Report of the directors have been prepared in accordance with applicable legal requirements.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

UNIQUE SEAFOOD HOLDINGS LIMITED

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the group and the parent company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group strategic report or the Report of the directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

- | adequate accounting records have not been kept by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or

- | the parent company financial statements are not in agreement with the accounting records and returns; or

- | certain disclosures of directors' remuneration specified by law are not made; or

- | we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the Statement of directors' responsibilities set out on page three, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the group's and the parent company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the group or the parent company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and error, we considered the following:

- the nature of the industry, control environment and business performance;

- results of our enquiries to management about their own assessment of the risks of fraud and error;

- the matters discussed among the audit engagement team regarding how and where fraud may occur in the financial statements and any potential indicators of fraud.

Our procedures to respond to risk include the following:

- reviewing the financial statement disclosures and testing to supporting documentation;

- performing analytical procedures to identify any unusual or unexpected areas that may indicate risks of material misstatement due to fraud or error;

- addressing the risk of fraud and error through management override of controls, testing the appropriateness of journals, assessing whether the judgements made in making accounting estimates are indicative of a potential bias; and evaluating the business rationale of any significant transactions that are unusual or outside the normal course of business.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the auditors.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

UNIQUE SEAFOOD HOLDINGS LIMITED

Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Ricky Hutson BSc FCCA ACA (Senior Statutory Auditor)

for and on behalf of Berringers LLP

Chartered Accountants

and Statutory Auditors

Lygon House

50 London Road

Bromley

Kent

BR1 3RA

30 June 2026

UNIQUE SEAFOOD HOLDINGS LIMITED (REGISTERED NUMBER: 08356599) |

CONSOLIDATED

INCOME STATEMENT

for the year ended 31 December 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

TURNOVER | 44,690,987 |  | 37,878,783 |  |

Cost of sales | 39,631,772 |  | 34,359,690 |  |

GROSS PROFIT | 5,059,215 |  | 3,519,093 |  |

Administrative expenses | 2,607,620 |  | 2,284,928 |  |

2,451,595 |  | 1,234,165 |  |

Other operating income | 2,296 |  | 88,525 |  |

OPERATING PROFIT | 4 | 2,453,891 |  | 1,322,690 |  |

Income from interest in associated undertakings | 690,155 |  | 250,726 |  |

Interest receivable and similar income | 9,574 |  | 23,902 |  |

|  |  | 699,729 |  |  |  |  | 274,628 |  |

3,153,620 |  | 1,597,318 |  |

Interest payable and similar expenses | 5 | 285,995 |  | 201,447 |  |

PROFIT BEFORE TAXATION | 2,867,625 |  | 1,395,871 |  |

Tax on profit | 6 | 626,811 |  | 323,555 |  |

PROFIT FOR THE FINANCIAL YEAR | 2,240,814 |  | 1,072,316 |  |

Profit attributable to:

Owners of the parent | 2,246,263 |  | 1,065,990 |  |

Non-controlling interests | (5,449 | ) | 6,326 |  |

2,240,814 |  | 1,072,316 |  |

UNIQUE SEAFOOD HOLDINGS LIMITED (REGISTERED NUMBER: 08356599) |

CONSOLIDATED

OTHER COMPREHENSIVE INCOME

for the year ended 31 December 2025

| 2025 |  | 2024

| Notes | £ | £ |

PROFIT FOR THE YEAR | 2,240,814 |  | 1,072,316 |  |

OTHER COMPREHENSIVE INCOME |

Foreign currency translation | 20,393 |  | 21,597 |  |

Purchase of own shares | - |  | (375,890 | ) |

Non-controlling interest acquired

Income tax relating to components of other comprehensive income | - |  | - |  |

OTHER COMPREHENSIVE INCOME FOR THE YEAR, NET OF INCOME TAX | 20,393 |  | (354,293 | ) |

TOTAL COMPREHENSIVE INCOME FOR THE YEAR | 2,261,207 |  | 718,023 |  |

Total comprehensive income attributable to:

Owners of the parent | 2,266,656 |  | 711,697 |  |

Non-controlling interests | (5,449 | ) | 6,326 |  |

2,261,207 |  | 718,023 |  |

UNIQUE SEAFOOD HOLDINGS LIMITED (REGISTERED NUMBER: 08356599) |

CONSOLIDATED BALANCE SHEET

31 December 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 9 | 417,238 |  | 492,309 |  |

Tangible assets | 10 | 462,529 |  | 353,949 |  |

Investments | 11 |

| Interest in associate undertaking | 2,043,301 |  | 1,551,480 |  |

2,923,068 |  | 2,397,738 |  |

CURRENT ASSETS

Stocks | 12 | 6,390,565 |  | 5,493,825 |  |

Debtors | 13 | 5,030,080 |  | 5,049,688 |  |

Cash at bank and in hand | 306,525 |  | 278,780 |  |

11,727,170 |  | 10,822,293 |  |

CREDITORS

Amounts falling due within one year | 14 | 6,591,577 |  | 6,903,077 |  |

NET CURRENT ASSETS | 5,135,593 |  | 3,919,216 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 8,058,661 |  | 6,316,954 |  |

CREDITORS

Amounts falling due after more than one year | 15 | 163,790 |  | 183,290 |  |

NET ASSETS | 7,894,871 |  | 6,133,664 |  |

CAPITAL AND RESERVES

Called up share capital | 20 | 90,990 |  | 90,990 |  |

Capital redemption reserve | 21 | 10,110 |  | 10,110 |  |

Retained earnings | 21 | 7,892,250 |  | 6,125,594 |  |

SHAREHOLDERS' FUNDS | 7,993,350 |  | 6,226,694 |  |

NON-CONTROLLING INTERESTS | 22 | (98,479 | ) | (93,030 | ) |

TOTAL EQUITY | 7,894,871 |  | 6,133,664 |  |

The financial statements were approved by the Board of Directors and authorised for issue on 30 June 2026 and were signed on its behalf by:

H Nissen - Director

UNIQUE SEAFOOD HOLDINGS LIMITED (REGISTERED NUMBER: 08356599) |

COMPANY BALANCE SHEET

31 December 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 9 | - |  | - |  |

Tangible assets | 10 | - |  | - |  |

Investments | 11 | 702,249 |  | 702,249 |  |

702,249 |  | 702,249 |  |

CURRENT ASSETS

Debtors | 13 | 3,248 |  | 269,248 |  |

CREDITORS

Amounts falling due within one year | 14 | 593,336 |  | 859,336 |  |

NET CURRENT LIABILITIES | (590,088 | ) | (590,088 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 112,161 |  | 112,161 |  |

CAPITAL AND RESERVES

Called up share capital | 20 | 90,990 |  | 90,990 |  |

Capital redemption reserve | 21 | 10,110 |  | 10,110 |  |

Retained earnings | 21 | 11,061 |  | 11,061 |  |

SHAREHOLDERS' FUNDS | 112,161 |  | 112,161 |  |

Company's profit for the financial year | 500,000 |  | 300,000 |  |

The financial statements were approved by the Board of Directors and authorised for issue on 30 June 2026 and were signed on its behalf by:

H Nissen - Director

UNIQUE SEAFOOD HOLDINGS LIMITED (REGISTERED NUMBER: 08356599) |

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY

for the year ended 31 December 2025

| Called up |  | Capital

| share |  | Retained |  | redemption

| capital |  | earnings |  | reserve

£ | £ | £ |

Balance at 1 January 2024 | 101,100 |  | 5,424,007 |  | - |  |

Changes in equity

Reduction in share capital | (10,110 | ) | - |  | - |  |

Total comprehensive income | - |  | 701,587 |  | 10,110 |  |

Balance at 31 December 2024 | 90,990 |  | 6,125,594 |  | 10,110 |  |

Changes in equity

Dividends | - |  | (500,000 | ) | - |  |

Total comprehensive income | - |  | 2,266,656 |  | - |  |

Balance at 31 December 2025 | 90,990 |  | 7,892,250 |  | 10,110 |  |

| Non-controlling |  | Total

| Total |  | interests |  | equity

£ | £ | £ |

Balance at 1 January 2024 | 5,525,107 |  | (99,356 | ) | 5,425,751 |  |

Changes in equity

Reduction in share capital | (10,110 | ) | - |  | (10,110 | ) |

Total comprehensive income | 711,697 |  | 6,326 |  | 718,023 |  |

Balance at 31 December 2024 | 6,226,694 |  | (93,030 | ) | 6,133,664 |  |

Changes in equity

Dividends | (500,000 | ) | - |  | (500,000 | ) |

Total comprehensive income | 2,266,656 |  | (5,449 | ) | 2,261,207 |  |

Balance at 31 December 2025 | 7,993,350 |  | (98,479 | ) | 7,894,871 |  |

UNIQUE SEAFOOD HOLDINGS LIMITED (REGISTERED NUMBER: 08356599) |

COMPANY STATEMENT OF CHANGES IN EQUITY

for the year ended 31 December 2025

| Called up |  | Capital |

| share |  | Retained |  | redemption |  | Total

| capital |  | earnings |  | reserve |  | equity

£ | £ | £ | £ |

Balance at 1 January 2024 | 101,100 |  | 97,061 |  | - |  | 198,161 |  |

Changes in equity

Reduction in share capital | (10,110 | ) | - |  | - |  | (10,110 | ) |

Total comprehensive income | - |  | (86,000 | ) | 10,110 |  | (75,890 | ) |

Balance at 31 December 2024 | 90,990 |  | 11,061 |  | 10,110 |  | 112,161 |  |

Changes in equity

Dividends | - |  | (500,000 | ) | - |  | (500,000 | ) |

Total comprehensive income | - |  | 500,000 |  | - |  | 500,000 |  |

Balance at 31 December 2025 | 90,990 |  | 11,061 |  | 10,110 |  | 112,161 |  |

UNIQUE SEAFOOD HOLDINGS LIMITED (REGISTERED NUMBER: 08356599) |

CONSOLIDATED CASH FLOW STATEMENT

for the year ended 31 December 2025

| 2025 |  | 2024

| Notes | £ | £ |

Cash flows from operating activities

Cash generated from operations | 1 | 1,252,262 |  | (360,714 | ) |

Interest paid | (271,512 | ) | (189,587 | ) |

Interest element of hire purchase payments paid | (14,483 | ) | (11,860 | ) |

Tax paid | (284,967 | ) | - |  |

Net cash from operating activities | 681,300 |  | (562,161 | ) |

Cash flows from investing activities

Purchase of tangible fixed assets | (107,897 | ) | (107,821 | ) |

Sale of tangible fixed assets | 158,000 |  | 47,292 |  |

Interest received | 9,574 |  | 23,902 |  |

Dividends received | 52,800 |  | 18,000 |  |

Net cash from investing activities | 112,477 |  | (18,627 | ) |

Cash flows from financing activities

New loans in year | 674,519 |  | - |  |

Loan repayments in year | (33,169 | ) | (34,808 | ) |

Hire purchase repayments in year | (146,172 | ) | (83,118 | ) |

Share buyback | - |  | (386,000 | ) |

Equity dividends paid | (500,000 | ) | - |  |

Net cash from financing activities | (4,822 | ) | (503,926 | ) |

Increase/(decrease) in cash and cash equivalents | 788,955 |  | (1,084,714 | ) |

Cash and cash equivalents at beginning of year | 2 | (1,917,372 | ) | (832,658 | ) |

Cash and cash equivalents at end of year | 2 | (1,128,417 | ) | (1,917,372 | ) |

UNIQUE SEAFOOD HOLDINGS LIMITED (REGISTERED NUMBER: 08356599) |

NOTES TO THE CONSOLIDATED CASH FLOW STATEMENT

for the year ended 31 December 2025

1. | RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS

| 2025 |  | 2024

£ | £ |

| Profit before taxation | 2,867,625 |  | 1,395,871 |  |

| Depreciation charges | 142,252 |  | 166,019 |  |

| (Profit)/loss on disposal of fixed assets | (107,895 | ) | 7,947 |  |

| Amortisation | 75,071 |  | 75,071 |  |

| Finance costs | 285,995 |  | 201,447 |  |

| Finance income | (699,729 | ) | (274,628 | ) |

2,563,319 |  | 1,571,727 |  |

| Increase in stocks | (896,740 | ) | (1,528,528 | ) |

| Decrease/(increase) in trade and other debtors | 13,706 |  | (158,143 | ) |

| Decrease in trade and other creditors | (428,023 | ) | (245,770 | ) |

| Cash generated from operations | 1,252,262 |  | (360,714 | ) |

2. | CASH AND CASH EQUIVALENTS

| The amounts disclosed on the Cash flow statement in respect of cash and cash equivalents are in respect of these Balance sheet amounts:

| Year ended 31 December 2025

| 31.12.25 |  | 1.1.25

£ | £ |

| Cash and cash equivalents | 306,525 |  | 278,780 |  |

| Bank overdrafts | (1,434,942 | ) | (2,196,152 | ) |

(1,128,417 | ) | (1,917,372 | ) |

| Year ended 31 December 2024

| 31.12.24 |  | 1.1.24

£ | £ |

| Cash and cash equivalents | 278,780 |  | 376,397 |  |

| Bank overdrafts | (2,196,152 | ) | (1,209,055 | ) |

(1,917,372 | ) | (832,658 | ) |

UNIQUE SEAFOOD HOLDINGS LIMITED (REGISTERED NUMBER: 08356599) |

NOTES TO THE CONSOLIDATED CASH FLOW STATEMENT

for the year ended 31 December 2025

3. | ANALYSIS OF CHANGES IN NET DEBT

| Other |

| non-cash |

| At 1.1.25 | Cash flow | changes | At 31.12.25

£ | £ | £ | £ |

| Net cash |

| Cash at bank

| and in hand | 278,780 |  | 27,745 |  | 306,525 |  |

| Bank overdrafts | (2,196,152 | ) | 761,210 |  | (1,434,942 | ) |

(1,917,372 | ) | 788,955 |  | (1,128,417 | ) |

| Debt

| Finance leases | (135,787 | ) | 146,172 |  | (185,331 | ) | (174,946 | ) |

| Debts falling due

| within 1 year | (36,823 | ) | (676,572 | ) | - |  | (713,395 | ) |

| Debts falling due

| after 1 year | (65,496 | ) | 29,844 |  | - |  | (35,652 | ) |

(238,106 | ) | (500,556 | ) | (185,331 | ) | (923,993 | ) |

| Total | (2,155,478 | ) | 288,399 |  | (185,331 | ) | (2,052,410 | ) |

UNIQUE SEAFOOD HOLDINGS LIMITED (REGISTERED NUMBER: 08356599) |

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

for the year ended 31 December 2025

1. | STATUTORY INFORMATION

| Unique Seafood Holdings 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 General Information page.

2. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| These financial statements have been prepared in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' ('FRS 102'), and with the Companies Act 2006. The financial statements have been prepared on the historical cost basis except for the modification to a fair value

| basis for certain financial instruments as specified in the accounting policies below.

| Going concern

| After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the group has adequate resources to continue in operational existence for the foreseeable future. The group therefore continues to adopt the going concern basis in preparing its consolidated financial statements.

| Basis of consolidation

| The consolidated financial statements present the results of Unique Seafood Holdings Limited and its subsidiaries ("the Group") as if they formed a single entity. Intercompany transactions and balances between group companies are therefore eliminated in full.

| The consolidated financial statements incorporate the results of business combinations using the purchase method. In the balance sheet, the acquiree's identifiable assets, liabilities and contingent liabilities are initially recognised at their fair values at the acquisition date. The results of acquired operations are included in the consolidated statement of comprehensive income from the date on which control is obtained. They are deconsolidated from the date control ceases.

| Parent company disclosure exemption

| In preparing the separate financial statements of the parent company, advantage has been taken of the following disclosure exemptions available in FRS 102:

| - Only one reconciliation of the number of shares outstanding at the beginning and end of the period has been presented as the reconciliations for the group and the parent company would be identical;

| - No cash flow statement has been presented for the parent company;

| - Disclosures in respect of the parent company's financial instruments have not been presented as equivalent disclosures have been provided in respect of the group as a whole.

| Associates

| Associated undertakings are initially recognised at the transaction price (including transaction costs) and are subsequently adjusted to reflect the group's share of the profit or loss, other comprehensive income and equity of the associate by applying the equity method of accounting.

| Related party exemption

| The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

| Transactions between group entities which have been eliminated on consolidation are not disclosed within the financial statements.

UNIQUE SEAFOOD HOLDINGS LIMITED (REGISTERED NUMBER: 08356599) |

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

for the year ended 31 December 2025

2. | ACCOUNTING POLICIES - continued

| Significant judgements and estimates

| Preparation of the financial statements requires management to make significant judgements and estimates.

| The directors have made key assumptions regarding the recoverability of trade debtors and have provided accordingly.

| Stock valuation is reviewed at the end of the year, and key assumptions are made in relation to net realisable values and obsolete or slow-moving stocks. Where necessary the directors include a provision against the stock value.

| The directors consider the useful economic life of fixed assets and estimate depreciation accordingly. Depreciation rates are noted in the accounting policies and the depreciation totals for the year are included in the tangible fixed asset note.

| Turnover

| Turnover represents the invoiced value of sales excluding inter-company sales and value added tax.

| Turnover is derived from the sale of goods and recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer, the price is fixed or determinable and the collection of the amount due is reasonably assured.

| Goodwill

| Goodwill purchased in connection with an acquisition of a business in 2018 was amortised over two years. Goodwill on consolidation relating to the purchase of shares in an associated company in 2020 is being amortised over its useful life of 10 years. Goodwill purchased in connection with an acquisition of a business in 2023 is being amortised over its useful life of 10 years.

| 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.

UNIQUE SEAFOOD HOLDINGS LIMITED (REGISTERED NUMBER: 08356599) |

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

for the year ended 31 December 2025

2. | ACCOUNTING POLICIES - continued

| 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.

| Improvements to property | - | 20% - 33.3% on cost

| Plant and machinery | - | 25% on reducing balance and Straight line over 15 years

| Fixtures and fittings | - | 25% on reducing balance, 15% on reducing balance and 15 - 25% on net book value

| Motor vehicles | - | 25% on cost and 25% on reducing balance

| Equipment | - | 25% on reducing balance, 25% on cost and 20% on cost

| Tangible fixed assets, other than investment properties, are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

| The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, if there is an indication of a significant change since the last reporting date.

| Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised within 'other operating income or losses' in the statement of comprehensive income.

| Impairment of assets

| At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in profit or loss.

| If an impairment loss subsequently reverses, the carry amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in profit or loss.

UNIQUE SEAFOOD HOLDINGS LIMITED (REGISTERED NUMBER: 08356599) |

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

for the year ended 31 December 2025

2. | ACCOUNTING POLICIES - continued

| Stocks

| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

| Debtors

| Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

| Cash and cash equivalents

| Cash and cash equivalents includes cash in hand, deposits held at call with banks, other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. Bank overdrafts and short term trade loans, when applicable, are shown within borrowings in current liabilities.

| Creditors

| Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

| The company provides for annual leave accrued by employees as a result of services rendered in the current period, and which employees are entitled to carry forward and use within the next 12 months. The provision is measured at the salary cost payable for the period of absence.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Consolidated 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.

| Derivative financial instruments

| Derivative financial instruments are recognised at fair value using a valuation technique with any gains or losses being reported in profit or loss. Outstanding derivatives at reporting date are included under the appropriate format heading depending on the nature of the derivative.

UNIQUE SEAFOOD HOLDINGS LIMITED (REGISTERED NUMBER: 08356599) |

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

for the year ended 31 December 2025

2. | ACCOUNTING POLICIES - continued

| Foreign currencies

| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

| Functional currency and presentation currency

| The financial statements are presented in sterling (£), the currency of the primary economic environment in which the company operates (its functional currency).

| 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 trading companies within the group operate defined contribution pension schemes compliant with local legislation. Contributions payable to the relevant pension schemes are charged to profit or loss in the period to which they relate.

3. | EMPLOYEES AND DIRECTORS

| 2025 |  | 2024

£ | £ |

| Wages and salaries | 1,348,941 |  | 1,025,918 |  |

| Social security costs | 120,686 |  | 104,297 |  |

| Other pension costs | 32,970 |  | 30,457 |  |

1,502,597 |  | 1,160,672 |  |

| The average number of employees during the year was as follows:

| 2025 |  | 2024

| Sales | 14 |  | 14 |  |

| Administration | 6 |  | 6 |  |

| Accounts | 3 |  | 3 |  |

| Production | 10 |  | 7 |  |

| Drivers | 2 |  | 2 |  |

35 |  | 32 |  |

| The average number of employees by undertakings that were proportionately consolidated during the year was 35 (2024 - 32 ) .

UNIQUE SEAFOOD HOLDINGS LIMITED (REGISTERED NUMBER: 08356599) |

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

for the year ended 31 December 2025

3. | EMPLOYEES AND DIRECTORS - continued

| 2025 |  | 2024

£ | £ |

| Directors' remuneration | 100,000 |  | 100,000 |  |

4. | OPERATING PROFIT

| The operating profit is stated after charging/(crediting):

| 2025 |  | 2024

£ | £ |

| Hire of plant and machinery | 14,874 |  | 10,852 |  |

| Depreciation - owned assets | 110,246 |  | 117,780 |  |

| Depreciation - assets on hire purchase contracts | 32,006 |  | 48,239 |  |

| (Profit)/loss on disposal of fixed assets | (107,895 | ) | 7,947 |  |

| Goodwill amortisation | 75,071 |  | 75,071 |  |

| Auditors remuneration | 19,915 |  | 23,412 |  |

| Auditors' remuneration for non audit work | 6,595 |  | 5,580 |  |

| Foreign exchange differences | (3,828 | ) | 42,251 |  |

5. | INTEREST PAYABLE AND SIMILAR EXPENSES |

| 2025 |  | 2024

£ | £ |

| Bank interest | 86,997 |  | 20,350 |  |

| Finance charges | 184,515 |  | 169,237 |  |

| Hire purchase | 14,483 |  | 11,860 |  |

285,995 |  | 201,447 |  |

6. | TAXATION

| Analysis of the tax charge

| The tax charge on the profit for the year was as follows:

| 2025 |  | 2024

£ | £ |

| Current tax:

| UK corporation tax | 473,566 |  | 285,036 |  |

| Tax on share of profit

| from associated company | 145,535 |  | 53,181 |  |

| Total current tax | 619,101 |  | 338,217 |  |

| Deferred taxation | 7,710 |  | (14,662 | ) |

| Tax on profit | 626,811 |  | 323,555 |  |

UNIQUE SEAFOOD HOLDINGS LIMITED (REGISTERED NUMBER: 08356599) |

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

for the year ended 31 December 2025

6. | TAXATION - continued

| Reconciliation of total tax charge included in profit and loss

| The tax assessed for the year is lower than the standard rate of corporation tax in the UK. The difference is explained below:

| 2025 |  | 2024

£ | £ |

| Profit before tax | 2,867,625 |  | 1,395,871 |  |

| Profit multiplied by the standard rate of corporation tax in the UK of 25 % (2024 - 25 %) | 716,906 |  | 348,968 |  |

| Effects of:

| Expenses not deductible for tax purposes | 15,488 |  | 13,461 |  |

| Income not taxable for tax purposes | (198,336 | ) | (43,914 | ) |

| Depreciation in excess of capital allowances | 4,293 |  | 14,790 |  |

| Utilisation of tax losses | 1,476 |  | (25,799 | ) |

| Share of tax from associate | 145,535 |  | 53,181 |  |

| Deferred tax movement | 7,710 |  | (14,662 | ) |

| Foreign tax adjustments | (66,261 | ) | (22,000 | ) |

| Marginal relief | - |  | (470 | ) |

| Total tax charge | 626,811 |  | 323,555 |  |

| Tax effects relating to effects of other comprehensive income |

| 2025 |

| Gross |  | Tax |  | Net |

£ | £ | £ |

| Foreign currency translation | 20,393 |  | - |  | 20,393 |  |

| Purchase of own shares

| Non-controlling interest acquired

20,393 |  | - |  | 20,393 |  |

| 2024 |

| Gross |  | Tax |  | Net |

£ | £ | £ |

| Foreign currency translation | 21,597 |  | - |  | 21,597 |  |

| Purchase of own shares | (375,890 | ) | - |  | (375,890 | ) |

| Non-controlling interest acquired

(354,293 | ) | - |  | (354,293 | ) |

UNIQUE SEAFOOD HOLDINGS LIMITED (REGISTERED NUMBER: 08356599) |

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

for the year ended 31 December 2025

7. | INDIVIDUAL INCOME STATEMENT

| As permitted by Section 408 of the Companies Act 2006, the Income statement of the parent company is not presented as part of these financial statements.

8. | DIVIDENDS

| 2025 |  | 2024

£ | £ |

| Final | 500,000 |  | - |  |

9. | INTANGIBLE FIXED ASSETS

| Group

| Goodwill

£ |

| COST

| At 1 January 2025

| and 31 December 2025 | 795,709 |  |

| AMORTISATION

| At 1 January 2025 | 303,400 |  |

| Amortisation for year | 75,071 |  |

| At 31 December 2025 | 378,471 |  |

| NET BOOK VALUE

| At 31 December 2025 | 417,238 |  |

| At 31 December 2024 | 492,309 |  |

UNIQUE SEAFOOD HOLDINGS LIMITED (REGISTERED NUMBER: 08356599) |

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

for the year ended 31 December 2025

10. | TANGIBLE FIXED ASSETS

| Group

| Improvements |  | Fixtures

| to |  | Plant and |  | and

| property |  | machinery |  | fittings

£ | £ | £ |

| COST

| At 1 January 2025 | 97,253 |  | 220,925 |  | 51,634 |  |

| Additions | 8,069 |  | 36,351 |  | 1,382 |  |

| Disposals | - |  | - |  | - |  |

| Exchange differences | 1,229 |  | 29,942 |  | 165 |  |

| At 31 December 2025 | 106,551 |  | 287,218 |  | 53,181 |  |

| DEPRECIATION

| At 1 January 2025 | 69,409 |  | 124,516 |  | 40,640 |  |

| Charge for year | 11,142 |  | 37,609 |  | 11,289 |  |

| Eliminated on disposal | - |  | - |  | - |  |

| Exchange differences | 123 |  | 23,422 |  | 102 |  |

| At 31 December 2025 | 80,674 |  | 185,547 |  | 52,031 |  |

| NET BOOK VALUE

| At 31 December 2025 | 25,877 |  | 101,671 |  | 1,150 |  |

| At 31 December 2024 | 27,844 |  | 96,409 |  | 10,994 |  |

| Motor |

| vehicles |  | Equipment |  | Totals

£ | £ | £ |

| COST

| At 1 January 2025 | 348,060 |  | 283,074 |  | 1,000,946 |  |

| Additions | 241,013 |  | 6,413 |  | 293,228 |  |

| Disposals | (99,050 | ) | - |  | (99,050 | ) |

| Exchange differences | 8,120 |  | 96 |  | 39,552 |  |

| At 31 December 2025 | 498,143 |  | 289,583 |  | 1,234,676 |  |

| DEPRECIATION

| At 1 January 2025 | 138,706 |  | 273,726 |  | 646,997 |  |

| Charge for year | 67,021 |  | 15,191 |  | 142,252 |  |

| Eliminated on disposal | (48,945 | ) | - |  | (48,945 | ) |

| Exchange differences | 8,100 |  | 96 |  | 31,843 |  |

| At 31 December 2025 | 164,882 |  | 289,013 |  | 772,147 |  |

| NET BOOK VALUE

| At 31 December 2025 | 333,261 |  | 570 |  | 462,529 |  |

| At 31 December 2024 | 209,354 |  | 9,348 |  | 353,949 |  |

UNIQUE SEAFOOD HOLDINGS LIMITED (REGISTERED NUMBER: 08356599) |

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

for the year ended 31 December 2025

10. | TANGIBLE FIXED ASSETS - continued

| Group

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

| Motor

| vehicles

£ |

| COST

| At 1 January 2025 | 204,965 |  |

| Additions | 185,331 |  |

| Disposals | (99,050 | ) |

| At 31 December 2025 | 291,246 |  |

| DEPRECIATION

| At 1 January 2025 | 80,386 |  |

| Charge for year | 32,006 |  |

| Eliminated on disposal | (48,945 | ) |

| At 31 December 2025 | 63,447 |  |

| NET BOOK VALUE

| At 31 December 2025 | 227,799 |  |

| At 31 December 2024 | 124,579 |  |

11. | FIXED ASSET INVESTMENTS

| Group

| Interest

| in

| associate

| undertaking

£ |

| COST

| At 1 January 2025 | 1,551,480 |  |

| Share of profit/(loss) | 491,821 |  |

| At 31 December 2025 | 2,043,301 |  |

| NET BOOK VALUE

| At 31 December 2025 | 2,043,301 |  |

| At 31 December 2024 | 1,551,480 |  |

UNIQUE SEAFOOD HOLDINGS LIMITED (REGISTERED NUMBER: 08356599) |

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

for the year ended 31 December 2025

11. | FIXED ASSET INVESTMENTS - continued

| Company

| Interest |

| Shares in |  | in |

| group |  | associate |

| undertakings |  | undertaking |  | Totals

£ | £ | £ |

| COST

| At 1 January 2025

| and 31 December 2025 | 173,001 |  | 529,248 |  | 702,249 |  |

| NET BOOK VALUE

| At 31 December 2025 | 173,001 |  | 529,248 |  | 702,249 |  |

| At 31 December 2024 | 173,001 |  | 529,248 |  | 702,249 |  |

| The group or the company's investments at the Balance sheet date in the share capital of companies include the following:

| Subsidiaries

| Unique Seafood Limited

| Registered office: Lygon House, 50 London Road, Bromley, Kent, BR1 3RA

| Nature of business: Wholesale of frozen fish and associated products

| %

| Class of shares: | holding |

| Ordinary | 100.00 |

| Unique Seafood (Properties) Limited

| Registered office: Lygon House, 50 London Road, Bromley, Kent, BR1 3RA

| Nature of business: Property management

| %

| Class of shares: | holding |

| Ordinary | 100.00 |

| Catch Limited

| Registered office: Lygon House, 50 London Road, Bromley, Kent, BR1 3RA

| Nature of business: Fish and chip restaurant operator

| %

| Class of shares: | holding |

| Ordinary | 100.00 |

| North Cape Seafoods Limited

| Registered office: Lower Drumaweir, Greencastle, Co.Donegal

| Nature of business: Wholesale of frozen fish and associated products

| %

| Class of shares: | holding |

| Ordinary | 75.00 |

UNIQUE SEAFOOD HOLDINGS LIMITED (REGISTERED NUMBER: 08356599) |

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

for the year ended 31 December 2025

11. | FIXED ASSET INVESTMENTS - continued

| Unique Seafood Pelagic Limited

| Registered office: Lygon House, 50 London Road, Bromley, Kent, BR1 3RA

| Nature of business: Wholesale of frozen fish and associated products

| %

| Class of shares: | holding |

| Ordinary | 100.00 |

| Unique Seafood Ireland Limited

| Registered office: Ground Floor, 71 Lower Baggot Street, Dublin 2, Ireland

| Nature of business: Wholesale of frozen fish and associated products

| %

| Class of shares: | holding |

| Ordinary | 100.00 |

| Associated companies

| Unique Atlantic Seafood A/S

| Registered office: Hansborggade 30, 2. 11. 6100 Haderslev, Denmark

| Nature of business: The processing and wholesale of frozen fish

| %

| Class of shares: | holding |

| Ordinary | 39.50 |

2025 | 2024 |

£ | £ |

| Aggregate capital and reserves | 4,213,339 |  | 3,077,552 |  |

| Profit for the year | 964,136 |  | 409,383 |  |

| Unique Seafood (East) Limited

| Registered office: Lygon House, 50 London Road, Bromley, Kent, BR1 3RA

| Nature of business: Wholesale of frozen fish and associated products

| %

| Class of shares: | holding |

| Ordinary | 30.00 |

2025 | 2024 |

£ | £ |

| Aggregate capital and reserves | 719,806 |  | 525,849 |  |

| Profit for the year | 369,957 |  | 59,460 |  |

12. | STOCKS

| Group |

2025 | 2024 |

£ | £ |

| Stocks | 6,390,565 |  | 5,493,825 |  |

UNIQUE SEAFOOD HOLDINGS LIMITED (REGISTERED NUMBER: 08356599) |

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

for the year ended 31 December 2025

13. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| Group |  | Company |

2025 | 2024 | 2025 | 2024 |

£ | £ | £ | £ |

| Trade debtors | 4,800,816 |  | 4,721,248 |  | - |  | - |  |

| Amounts owed by group undertakings | - |  | - |  | 3,148 |  | 269,148 |  |

| Other debtors | 26,709 |  | 148,600 |  | 100 |  | 100 |  |

| VAT | 45,840 |  | 6,756 |  | - |  | - |  |

| Deferred tax asset | 7,642 |  | 13,544 |  | - |  | - |  |

| Prepayments | 149,073 |  | 159,540 |  | - |  | - |  |

5,030,080 |  | 5,049,688 |  | 3,248 |  | 269,248 |  |

| Deferred tax asset

| Group |  | Company |

2025 | 2024 | 2025 | 2024 |

£ | £ | £ | £ |

| Deferred taxation | 7,642 |  | 13,544 |  | - |  | - |  |

14. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| Group |  | Company |

2025 | 2024 | 2025 | 2024 |

£ | £ | £ | £ |

| Bank loans and overdrafts (see note 16) | 2,148,337 |  | 2,232,975 |  | - |  | - |  |

| Hire purchase contracts (see note 17) | 63,654 |  | 33,820 |  | - |  | - |  |

| Trade creditors | 3,345,144 |  | 4,023,841 |  | - |  | - |  |

| Amounts owed to group undertakings | - |  | - |  | 502,836 |  | 768,836 |  |

| Taxation | 441,162 |  | 284,967 |  | - |  | - |  |

| Social security and other taxes | 43,466 |  | 52,784 |  | - |  | - |  |

| Other creditors | 162,472 |  | 184,208 |  | 90,500 |  | 90,500 |  |

| Accrued expenses | 387,342 |  | 88,178 |  | - |  | - |  |

| Deferred government grants | - |  | 2,304 |  | - |  | - |  |

6,591,577 |  | 6,903,077 |  | 593,336 |  | 859,336 |  |

15. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

| Group |

2025 | 2024 |

£ | £ |

| Bank loan (see note 16) | 35,652 |  | 65,496 |  |

| Hire purchase contracts (see note 17) | 111,292 |  | 101,967 |  |

| Deferred government grants | 16,846 |  | 15,827 |  |

163,790 |  | 183,290 |  |

UNIQUE SEAFOOD HOLDINGS LIMITED (REGISTERED NUMBER: 08356599) |

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

for the year ended 31 December 2025

16. | LOANS

| An analysis of the maturity of loans is given below:

| Group |

2025 | 2024 |

£ | £ |

| Amounts falling due within one year or on | demand: |

| Bank overdrafts | 1,434,942 |  | 2,196,152 |  |

| Bank loan | 713,395 |  | 36,823 |  |

2,148,337 |  | 2,232,975 |  |

| Amounts falling due between one and two | years: |

| Bank loans - 1-2 years | - |  | 36,823 |  |

| Amounts falling due between two and five | years: |

| Bank loans - 2-5 years | 35,652 |  | 28,673 |  |

17. | LEASING AGREEMENTS

| Minimum lease payments fall due as follows:

| Group

| Hire purchase |

| contracts |

2025 | 2024 |

£ | £ |

| Net obligations repayable:

| Within one year | 63,654 |  | 33,820 |  |

| Between one and five years | 111,292 |  | 101,967 |  |

174,946 |  | 135,787 |  |

| Group

| Non-cancellable |

| operating leases |

2025 | 2024 |

£ | £ |

| Within one year | 19,358 |  | 29,358 |  |

| Between one and five years | - |  | 19,358 |  |

19,358 |  | 48,716 |  |

UNIQUE SEAFOOD HOLDINGS LIMITED (REGISTERED NUMBER: 08356599) |

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

for the year ended 31 December 2025

18. | SECURED DEBTS

| The following secured debts are included within creditors:

| Group |

2025 | 2024 |

£ | £ |

| Bank overdrafts | 1,434,942 |  | 2,196,152 |  |

| Bank loan | 749,047 |  | 102,319 |  |

2,183,989 |  | 2,298,471 |  |

| The bank overdrafts above are secured by way of a fixed charge on non-vesting debts and a floating charge on the assets of the company and its subsidiary undertakings.

| The bank loan above is secured by way of fixed charges over the real property, land and other assets of North Cape Seafoods Limited.

| Cross guarantees exist between Unique Seafood Holdings Limited, Catch Limited, Unique Seafood Limited and Unique Seafood Pelagic Limited, in respect of banking facilities available to the group.

19. | DEFERRED TAX

| Group

£ |

| Balance at 1 January 2025 | (13,544 | ) |

| Provided during year | 5,902 |  |

| Foreign currency translation |

| Balance at 31 December 2025 | (7,642 | ) |

20. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2025 | 2024 |

| value: | £ | £ |

| 90,990 | Ordinary | £1 | 90,990 |  | 90,990 |  |

UNIQUE SEAFOOD HOLDINGS LIMITED (REGISTERED NUMBER: 08356599) |

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

for the year ended 31 December 2025

21. | RESERVES

| Group

| Capital |

| Retained |  | redemption |

| earnings |  | reserve |  | Totals

£ | £ | £ |

| At 1 January 2025 | 6,125,594 |  | 10,110 |  | 6,135,704 |  |

| Profit for the year | 2,246,263 |  | 2,246,263 |  |

| Dividends | (500,000 | ) | (500,000 | ) |

| Foreign exchange differences | 20,393 |  | - |  | 20,393 |  |

| At 31 December 2025 | 7,892,250 |  | 10,110 |  | 7,902,360 |  |

| Company

| Capital |

| Retained |  | redemption |

| earnings |  | reserve |  | Totals

£ | £ | £ |

| At 1 January 2025 | 11,061 |  | 10,110 |  | 21,171 |  |

| Profit for the year | 500,000 |  | 500,000 |  |

| Dividends | (500,000 | ) | (500,000 | ) |

| At 31 December 2025 | 11,061 |  | 10,110 |  | 21,171 |  |

22. | NON-CONTROLLING INTERESTS

| The amounts owing to minority interests are as follows:

|  | 2025 |  |  | 2024 |

|  | £ |  |  | £ |

| North Cape Seafoods Limited |  | (98,479 | ) |  | (93,030 | )

|  | (98,479 | ) |  | (93,030 | )

23. | RELATED PARTY DISCLOSURES

| Entities with control, joint control or significant influence over the group

2025 | 2024 |

£ | £ |

| Purchases | 12,132,374 |  | 14,566,540 |  |

| Amount due from related party | 38,100 |  | 121,759 |  |

| Amount due to related party | 1,990,610 |  | 1,869,579 |  |

UNIQUE SEAFOOD HOLDINGS LIMITED (REGISTERED NUMBER: 08356599) |

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

for the year ended 31 December 2025

23. | RELATED PARTY DISCLOSURES - continued

| Entities over which the group has control, joint control or significant influence

2025 | 2024 |

£ | £ |

| Sales | 3,206,485 |  | 2,406,519 |  |

| Purchases | 7,470,753 |  | 5,428,630 |  |

| Amount due from related party | 289,517 |  | 453,236 |  |

| Amount due to related party | 317,348 |  | 227,434 |  |

| During the year, a total of key management personnel compensation of £ 100,000 (2024 - £ 100,000 ) was paid.

24. | ULTIMATE CONTROLLING PARTY

| The ultimate controlling parties are Funder Nissen Holdings APS and Sperrefish A/S, due to their ownership of the parent company's share capital.