Acorah Software Products - Accounts Production 19.3.600 false true 31 December 2024 1 January 2024 false 1 January 2025 31 December 2025 31 December 2025 11189849 Mr George West Mr Johannes De Boer Mr Rense De Boer true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11189849 2024-12-31 11189849 2025-12-31 11189849 2025-01-01 2025-12-31 11189849 frs-core:CurrentFinancialInstruments 2025-12-31 11189849 frs-core:Non-currentFinancialInstruments 2025-12-31 11189849 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2025-01-01 2025-12-31 11189849 frs-core:NetGoodwill 2025-12-31 11189849 frs-core:NetGoodwill 2025-01-01 2025-12-31 11189849 frs-core:NetGoodwill 2024-12-31 11189849 frs-core:OtherResidualIntangibleAssets 2025-12-31 11189849 frs-core:OtherResidualIntangibleAssets 2025-01-01 2025-12-31 11189849 frs-core:OtherResidualIntangibleAssets 2024-12-31 11189849 frs-core:PlantMachinery 2025-12-31 11189849 frs-core:PlantMachinery 2025-01-01 2025-12-31 11189849 frs-core:PlantMachinery 2024-12-31 11189849 frs-core:ShareCapital 2025-12-31 11189849 frs-core:RetainedEarningsAccumulatedLosses 2025-12-31 11189849 frs-bus:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 11189849 frs-bus:FilletedAccounts 2025-01-01 2025-12-31 11189849 frs-bus:SmallEntities 2025-01-01 2025-12-31 11189849 frs-bus:AuditExempt-NoAccountantsReport 2025-01-01 2025-12-31 11189849 frs-bus:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 11189849 1 2025-01-01 2025-12-31 11189849 frs-core:UnlistedNon-exchangeTraded 2025-12-31 11189849 frs-core:UnlistedNon-exchangeTraded 2024-12-31 11189849 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-12-31 11189849 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2025-12-31 11189849 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-12-31 11189849 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2025-12-31 11189849 frs-bus:Director1 2025-01-01 2025-12-31 11189849 frs-bus:Director2 2025-01-01 2025-12-31 11189849 frs-bus:Director3 2025-01-01 2025-12-31 11189849 frs-countries:Scotland 2025-01-01 2025-12-31 11189849 2023-12-31 11189849 2024-12-31 11189849 2024-01-01 2024-12-31 11189849 frs-core:CurrentFinancialInstruments 2024-12-31 11189849 frs-core:Non-currentFinancialInstruments 2024-12-31 11189849 frs-core:ShareCapital 2024-12-31 11189849 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31
Registered number: 11189849
Fish Hunter Ltd.
Unaudited Financial Statements
For The Year Ended 31 December 2025
M Squared Accountants Ltd
Fish Hunter Ltd.
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—5

Page 1
Fish Hunter Ltd.
Balance Sheet
As At 31 December 2025
Balance Sheet
Registered number: 11189849

| 2025 | 2024
--- | --- | ---
| Notes | € | € | € | €
FIXED ASSETS
Intangible Assets | 4 |  | 109,024 |  | 116,812
Tangible Assets | 5 |  | 3,254,514 |  | 3,488,512
Investments | 6 |  | 3,403 |  | 3,403
|  |  | 3,366,941 |  | 3,608,727
CURRENT ASSETS
Debtors | 7 | 297,276 |  | 239,087 |
Cash at bank and in hand |  | 232,997 |  | 189,147 |
|  | 530,273 |  | 428,234 |
Creditors: Amounts Falling Due Within One Year | 8 | (4,664,621 ) |  | (4,899,046 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | (4,134,348 ) |  | (4,470,812 )
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | (767,407 ) |  | (862,085 )
Creditors: Amounts Falling Due After More Than One Year | 9 |  | (25,000 ) |  | (75,000 )
NET LIABILITIES |  |  | (792,407 ) |  | (937,085 )
CAPITAL AND RESERVES
Called up share capital | 10 |  | 11,400 |  | 11,400
Profit and Loss Account |  |  | (803,807 ) |  | (948,485 )
SHAREHOLDERS' FUNDS |  |  | (792,407) |  | (937,085)

Page 1
Page 2
Fish Hunter Ltd.
Balance Sheet (continued)
As At 31 December 2025
For the year ending 31 December 2025 the company was entitled to exemption from audit 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.
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 Profit and Loss Account.
On behalf of the board

Mr George West Director
23/07/2026

The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Fish Hunter Ltd.
Notes to the Financial Statements
For The Year Ended 31 December 2025
Notes to the Financial Statements
1. General Information
Fish Hunter Ltd. is a private company, limited by shares, incorporated in Scotland, registered number 11189849 . The registered office is 8-11 Waveney Road, Lowestoft, Suffolk, NR32 1BN.
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.
Fish Hunter Ltd. is a wholly owned subsidiary of Wilhelmina Beheer B.V. The results of Fish Hunter Ltd. are included in the consolidated financial statements of Wilhelmina Beheer B.V.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are fishing licences and quotas to fish. Such assets are defined as having finite useful lives and the costs are amortised on a straight line basis over the term of the licence. Intangible assets are initially measured at cost, and subsequently measured at cost or valuation less amortisation and are reviewed for impairment whenever there is an indication that the carrying value may be impaired.
They are amortised to profit and loss account over their estimated economic life of 10 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Fishing Vessel | 5% straight line

3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2024: 3)
3 3
Page 3
Page 4
Fish Hunter Ltd.
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2025
4. Intangible Assets

| Quotas | Licences | Total
--- | --- | --- | ---
| € | € | €
Cost
As at 1 January 2025 | 1 | 242,155 | 242,156
As at 31 December 2025 | 1 | 242,155 | 242,156
Amortisation
As at 1 January 2025 | - | 125,344 | 125,344
Provided during the period | - | 7,788 | 7,788
As at 31 December 2025 | - | 133,132 | 133,132
Net Book Value
As at 31 December 2025 | 1 | 109,023 | 109,024
As at 1 January 2025 | 1 | 116,811 | 116,812

5. Tangible Assets

| Fishing Vessel
--- | ---
| €
Cost
As at 1 January 2025 | 4,519,492
As at 31 December 2025 | 4,519,492
Depreciation
As at 1 January 2025 | 1,030,980
Provided during the period | 233,998
As at 31 December 2025 | 1,264,978
Net Book Value
As at 31 December 2025 | 3,254,514
As at 1 January 2025 | 3,488,512

6. Investments

| Unlisted
--- | ---
| €
Cost or Valuation
As at 1 January 2025 | 3,403
As at 31 December 2025 | 3,403
Provision
As at 1 January 2025 | -
As at 31 December 2025 | -
Net Book Value
As at 31 December 2025 | 3,403
As at 1 January 2025 | 3,403

Page 4
Page 5
Fish Hunter Ltd.
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2025
7. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| € |  | €
Due within one year
Other debtors | 297,276 |  | 239,087

8. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| € |  | €
Trade creditors | 111,983 |  | 37,066
Amounts owed to participating interests | 4,549,704 |  | 4,858,993
Other creditors | 2,934 |  | 2,987
| 4,664,621 |  | 4,899,046

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

| 2025 |  | 2024
--- | --- | --- | ---
| € |  | €
Other creditors | 25,000 |  | 75,000

10. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
| € |  | €
Allotted, Called up and fully paid | 11,400 |  | 11,400

11. Ultimate Controlling Party
The ultimate parent company is Wilhelmina Beheer B.V. who owns 100% of the share capital and has ultimate voting rights of Fish Hunter Ltd. The results of the company are included in the consolidated accounts of the ultimate parent company. The registered office is Vlaak, 8321 RV, te Urk.
12. Securities Granted
The company has given a fixed charge over the fishing vessel as security on a mortgage granted to a fellow group company.
Page 5