Fisheries Improvement Fund Ltd

	Page
Balance Sheet	1
Notes to the Financial Statements	2—3

Registered number: 14798967

		2025		2024
	Notes	£	£	£	£
CURRENT ASSETS
Debtors	4	89,934		185,930
Cash at bank and in hand		900,293		608,047

		990,227		793,977
Creditors: Amounts Falling Due Within One Year	5	(672,595 )		(476,345 )

NET CURRENT ASSETS (LIABILITIES)			317,632		317,632

TOTAL ASSETS LESS CURRENT LIABILITIES			317,632		317,632

Creditors: Amounts Falling Due After More Than One Year	6		(317,632 )		(317,632 )

NET ASSETS			-		-

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

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income and Expenditure Account.

On behalf of the board

Mr Richard Speak

Director

30 April 2026

The notes on pages 2 to 3 form part of these financial statements.

1. General Information

Fisheries Improvement Fund Ltd is a private company, limited by guarantee, incorporated in England & Wales, registered number 14798967 . The registered office is W106 Vox Studios 1-45 Durham Street, London, SE11 5JH.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover comprises amounts received or receivable from the rendering of services and is measured at the fair value of the consideration received or receivable.

2.3. Foreign Currencies

Monetary 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 ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating surplus.

2.4. Grants receivable

Grants receivable are released to the profit and loss account under other operating income as and when the related expenditure occurs.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2024: 2)

4. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	49,818	175,788
Other debtors	40,116	10,142

	89,934	185,930

5. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	135,706	-
Other creditors	536,889	476,345

	672,595	476,345

Other creditors due within one year comprise deferred income from grants received.

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Fisheries Improvement Fund Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

6. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Other loans	317,632	317,632

7. Company limited by guarantee

The company is limited by guarantee and has no share capital.

Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.

8. FRC's Ethical Standard - Provision Available for Small Entities

In common with other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.

9. Audit Information

The auditor's report on the accounts of Fisheries Improvement Fund Ltd for the year ended 31 December 2025 was unqualified.

The auditor's report was signed by Andrew Fisher BA FCA (Senior Statutory Auditor) for and on behalf of The Alanbrookes Group Ltd , Statutory Auditor.

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