REGISTERED NUMBER: 03483151 (England and Wales)

ABRIDGED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

FOR

FRESCO FISHERIES (UK) LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr Antonis Sophocli

SECRETARY:

Mrs Sophoulla Sophocli

REGISTERED OFFICE:

c/o Michael Filiou Ltd

Salisbury House

81 High Street

Potters Bar

Hertfordshire

EN6 5AS

REGISTERED NUMBER:

03483151 (England and Wales)

ACCOUNTANTS:

Michael Filiou Ltd

Chartered Certified Accountants

www.michaelfiliou.com

Salisbury House

81 High Street

Potters Bar

Hertfordshire

EN6 5AS

FIXED ASSETS

Tangible assets

4

6,062

14,587

Investments

5

5,000

5,000

11,062

19,587

CURRENT ASSETS

Stocks

30,505

73,460

Debtors

1,936,824

1,923,037

Cash at bank

244

89,040

1,967,573

2,085,537

CREDITORS

Amounts falling due within one year

1,113,542

1,088,723

NET CURRENT ASSETS

854,031

996,814

TOTAL ASSETS LESS CURRENT LIABILITIES

865,093

1,016,401

CREDITORS

Amounts falling due after more than one year

-

(4,167

)

PROVISIONS FOR LIABILITIES

7

(1,517

)

(20,631

)

NET ASSETS

863,576

991,603

CAPITAL AND RESERVES

Called up share capital

8

3,000

3,000

Retained earnings

860,576

988,603

SHAREHOLDERS' FUNDS

863,576

991,603

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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 September 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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 30 June 2026 and were signed by:

Mr Antonis Sophocli - Director

1.	STATUTORY INFORMATION

Fresco Fisheries (UK) 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.

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 financial statements contain information about Fresco Fisheries (UK) Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Fixtures and equipment

-

15% straight line

Motor vehicles

-

33% straight line

Computer equipment

-

25% straight line

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Stocks

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

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.

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.

Hire purchase and leasing commitments

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2024 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 October 2024

and 30 September 2025

60,533

DEPRECIATION

At 1 October 2024

45,946

Charge for year

8,525

At 30 September 2025

54,471

NET BOOK VALUE

At 30 September 2025

6,062

At 30 September 2024

14,587

5.	FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:

Totals

£

COST

At 1 October 2024

and 30 September 2025

5,000

NET BOOK VALUE

At 30 September 2025

5,000

At 30 September 2024

5,000

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Open Fresh Ltd

Registered office: C/O Michael Filiou Ltd, Salisbury House, 81 High Street, Potters Bar, Hertfordshire, EN6 5AS, United Kingdom

Nature of business: Dormant

%

Class of shares:

holding

Ordinary

100.00

The company was dormant in the year to 30 September 2024.

Fresco Prime Ltd

Registered office: C/O Michael Filiou Ltd, Salisbury House, 81 High Street, Potters Bar, Hertfordshire, EN6 5AS, United Kingdom

Nature of business: Support services in fish industry

%

Class of shares:

holding

Ordinary

100.00

6.

LOANS

An analysis of the maturity of loans is given below:

2025

2024

£

£

Amounts falling due within one year or on demand:

Other loans

24,167

71,875

Amounts falling due between two and five years:

Other loans - 2-5 years

-

4,167

7.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

1,517

20,631

Deferred

tax

£

Balance at 1 October 2024

20,631

Utilised during year

(19,114

)

Balance at 30 September 2025

1,517

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

1,230

A Ordinary

£1

1,230

1,230

1,230

B Ordinary

£1

1,230

1,230

180

C Ordinary

£1

180

180

180

D Ordinary

£1

180

180

180

E Ordinary

£1

180

180

3,000

3,000

9.	RELATED PARTY DISCLOSURES

Agent X Limited

Agent X Limited is a related party by virtue of Mr Antonis Sophocli and Mrs Sophulla Sophocli being directors of both Agent X Limited and Fresco Fisheries (UK) Limited, and holding 100% of the issued share capital of Agent X Limited.

During the year, Fresco Fisheries (UK) Limited incurred rent of £80,000 (2024 - £93,750) payable to Agent X Limited in respect of premises occupied by the company. The rent is charged at market rate

In addition, loan movements during the year resulted in net loans of £44,520 being made by Fresco Fisheries (UK) LImited to Agent X Limited.

At the year end, Agent X Limited owed the company £642,753 (2024 - £678,233).

Alpha Bears Day Care Nursery Ltd

Alpha Bears Day Care Nursery Ltd is a related party by virtue of its director and sole shareholder, Mrs Elena Karsa, being a close family member of the directors of Fresco Fisheries Limited.

During the year, Alpha Bears Day Care Nursery Ltd advanced loans of £78,000 to Fresco Fisheries Limited.

At the year end, Alpha Bears Day Care Nursery Ltd was owed £98,000 by the company (2024 - £20,000).

Fresco Prime Ltd

Fresco Prime Ltd is a related party by virtue of being a wholly owned subsidiary of Fresco Fisheries Limited.

During the year, Fresco Fisheries Limited advanced loans of £13,901 to Fresco Prime Ltd.

At the year end, Fresco Prime Ltd owed the company £421,695 (2024 - £407,794).

Ignite Fitness Group Ltd

Ignite Fitness Group Ltd is a related party by virtue of being a wholly owned subsidiary of Fresco Fisheries Limited.

During the year, Fresco Fisheries Limited advanced net loans of £2,590 to Ignite Fitness Group Ltd and charged rent of £72,000 (2024 - £72,000) in respect of premises occupied by Ignite Fitness Group Ltd.

At the year end, Ignite Fitness Group Ltd owed the company £368,563 (2024 - £293,973).

10.	ULTIMATE CONTROLLING PARTY

The controlling party is the director, Mr A Sophocli, and his wife, Mrs S Sophocli.

They control the company by virtue of the fact they hold 82% of the issued ordinary share capital between them.