IRIS Accounts Production v26.2.0.496 SO300195 designated member 1.1.25 31.12.25 31.12.25 0 0 false true false false false true false iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh SO300195 2024-12-31 SO300195 2025-12-31 SO300195 2025-01-01 2025-12-31 SO300195 2023-12-31 SO300195 2024-01-01 2024-12-31 SO300195 2024-12-31 SO300195 ns15:Scotland 2025-01-01 2025-12-31 SO300195 ns14:PoundSterling 2025-01-01 2025-12-31 SO300195 ns10:PartnerLLP1 2025-01-01 2025-12-31 SO300195 ns10:LimitedLiabilityPartnershipLLP 2025-01-01 2025-12-31 SO300195 ns10:SmallEntities 2025-01-01 2025-12-31 SO300195 ns10:AuditExempt-NoAccountantsReport 2025-01-01 2025-12-31 SO300195 ns10:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 SO300195 ns10:LimitedLiabilityPartnershipsSORP 2025-01-01 2025-12-31 SO300195 ns10:FullAccounts 2025-01-01 2025-12-31 SO300195 1 2025-01-01 2025-12-31 SO300195 ns10:PartnerLLP2 2025-01-01 2025-12-31 SO300195 ns10:RegisteredOffice 2025-01-01 2025-12-31 SO300195 ns5:CurrentFinancialInstruments 2025-12-31 SO300195 ns5:CurrentFinancialInstruments 2024-12-31 SO300195 ns5:Non-currentFinancialInstruments 2025-12-31 SO300195 ns5:Non-currentFinancialInstruments 2024-12-31 SO300195 ns5:NetGoodwill 2025-01-01 2025-12-31 SO300195 ns5:PatentsTrademarksLicencesConcessionsSimilar 2025-01-01 2025-12-31 SO300195 ns5:NetGoodwill 2024-12-31 SO300195 ns5:PatentsTrademarksLicencesConcessionsSimilar 2024-12-31 SO300195 ns5:NetGoodwill 2025-12-31 SO300195 ns5:PatentsTrademarksLicencesConcessionsSimilar 2025-12-31 SO300195 ns5:NetGoodwill 2024-12-31 SO300195 ns5:PatentsTrademarksLicencesConcessionsSimilar 2024-12-31 SO300195 ns5:LandBuildings 2024-12-31 SO300195 ns5:PlantMachinery 2024-12-31 SO300195 ns5:FurnitureFittings 2024-12-31 SO300195 ns5:LandBuildings 2025-01-01 2025-12-31 SO300195 ns5:PlantMachinery 2025-01-01 2025-12-31 SO300195 ns5:FurnitureFittings 2025-01-01 2025-12-31 SO300195 ns5:LandBuildings 2025-12-31 SO300195 ns5:PlantMachinery 2025-12-31 SO300195 ns5:FurnitureFittings 2025-12-31 SO300195 ns5:LandBuildings 2024-12-31 SO300195 ns5:PlantMachinery 2024-12-31 SO300195 ns5:FurnitureFittings 2024-12-31 SO300195 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-12-31 SO300195 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-12-31 SO300195 ns5:Non-currentFinancialInstruments ns5:BetweenOneTwoYears 2025-12-31 SO300195 ns5:Non-currentFinancialInstruments ns5:BetweenOneTwoYears 2024-12-31

REGISTERED NUMBER: SO300195 (Scotland)

Unaudited Financial Statements

for the Year Ended 31 December 2025

for

Pleiades BF 155 LLP

| Pleiades BF 155 LLP (Registered number: SO300195) |

Contents of the Financial Statements

for the Year Ended 31 December 2025

Page |

| General Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| Pleiades BF 155 LLP |

General Information

for the Year Ended 31 December 2025

| DESIGNATED MEMBERS: | Phillip Hepburn Limited

| Garry Hepburn Limited

| REGISTERED OFFICE: | Heritage House

| 141 Shore Street

| Fraserburgh

| Aberdeenshire

| AB43 9BP

| REGISTERED NUMBER: | SO300195 (Scotland)

| ACCOUNTANTS: | SBP

| Accountants

| 27 Finlayson Street

| Fraserburgh

| Aberdeenshire

| AB43 9JQ

| Pleiades BF 155 LLP (Registered number: SO300195) |

Balance Sheet

31 December 2025

| 31.12.25 | 31.12.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Fishing licence & quota | 4 | 9,274 |  | 13,721 |  |

Tangible assets | 5 | 663,605 |  | 703,739 |  |

672,879 |  | 717,460 |  |

CURRENT ASSETS

Debtors | 6 | 10,902 |  | 52,500 |  |

Cash at bank | - |  | 2,116 |  |

10,902 |  | 54,616 |  |

CREDITORS

Amounts falling due within one year | 7 | 82,408 |  | 13,040 |  |

NET CURRENT (LIABILITIES)/ASSETS | (71,506 | ) | 41,576 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 601,373 |  | 759,036 |  |

CREDITORS

Amounts falling due after more than one year | 8 | - |  | 49,528 |  |

NET ASSETS ATTRIBUTABLE TO MEMBERS | 601,373 |  | 709,508 |  |

LOANS AND OTHER DEBTS DUE TO MEMBERS | 9 | 601,373 |  | 709,508 |  |

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members | 9 | 601,373 |  | 709,508 |  |

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 31 December 2025.

The members acknowledge their responsibilities for:

(a) | ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and

(b) | preparing financial statements which give a true and fair view of the state of affairs of the LLP 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 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

| Pleiades BF 155 LLP (Registered number: SO300195) |

Balance Sheet - continued

31 December 2025

The financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 19 August 2026 and were signed by:

Garry Hepburn Limited - Designated member

| Pleiades BF 155 LLP (Registered number: SO300195) |

Notes to the Financial Statements

for the Year Ended 31 December 2025

1. | STATUTORY INFORMATION

| Pleiades BF 155 LLP is registered in Scotland. The LLP'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 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 requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. The financial statements have been prepared under the historical cost convention.

| Turnover

| Turnover represents amounts receivable for services provided in the normal course of business, net of discounts and VAT. Revenue is recognised to the extent that it is probable that economic benefit will flow to the company and when its value can be measured with a sufficient degree of certainty and reliability. All income is recognised in the accounting period to which it relates.

| Fishing licence & quota

| Fishing licence and quota are valued at cost less accumulated amortisation.Amortisation is calculated to write off the cost in equal instalments over their estimated useful lives of 20 years.

| Cherished number plate

| The cherished number plate is reported at cost less accumulated amortisation. Amortisation is calculated to write off the cost in equal instalments over the estimated useful lives of the asset of 10 years.

| Tangible fixed assets

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

| Fishing Vessel 6.25% reducing balance (amended from 6.25% on cost from 1 Jan 2025)

| Stores 4% on cost

| Gear and equipment 20% on reducing balance

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

| During the previous financial year the carrying value of the fishing vessel was reassessed as the members felt that the carrying value of £9 as at 31 Dec 2024 did not give a true and fair view of the asset value within the accounts. Following due consideration, depreciation of £699,991 was written back resulting in a closing carrying value as at 31 December 2024 of £700,000 which the members believed was a conservative estimate of the vessel value at that particular time. The decision was also made to amend the depreciation policy for the fishing vessel from 6.25% on cost to 6.25% reducing balance as of 1st January 2025 in order to better reflect the actual ongoing depreciation value of the asset.

3. | EMPLOYEE INFORMATION

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

| Pleiades BF 155 LLP (Registered number: SO300195) |

Notes to the Financial Statements - continued

for the Year Ended 31 December 2025

4. | INTANGIBLE FIXED ASSETS

| Fishing |  | Cherished |

| licence & |  | number |

| quota |  | plate |  | Totals

£ | £ | £ |

| COST

| At 1 January 2025

| and 31 December 2025 | 231,836 |  | 599 |  | 232,435 |  |

| AMORTISATION

| At 1 January 2025 | 218,534 |  | 180 |  | 218,714 |  |

| Amortisation for year | 4,387 |  | 60 |  | 4,447 |  |

| At 31 December 2025 | 222,921 |  | 240 |  | 223,161 |  |

| NET BOOK VALUE

| At 31 December 2025 | 8,915 |  | 359 |  | 9,274 |  |

| At 31 December 2024 | 13,302 |  | 419 |  | 13,721 |  |

5. | TANGIBLE FIXED ASSETS

| Fishing |  | Gear & |

| Store |  | vessel |  | equipment |  | Totals

£ | £ | £ | £ |

| COST

| At 1 January 2025 | 4,500 |  | 965,202 |  | 64,752 |  | 1,034,454 |  |

| Additions | - |  | - |  | 5,500 |  | 5,500 |  |

| At 31 December 2025 | 4,500 |  | 965,202 |  | 70,252 |  | 1,039,954 |  |

| DEPRECIATION

| At 1 January 2025 | 3,780 |  | 265,202 |  | 61,733 |  | 330,715 |  |

| Charge for year | 180 |  | 43,750 |  | 1,704 |  | 45,634 |  |

| At 31 December 2025 | 3,960 |  | 308,952 |  | 63,437 |  | 376,349 |  |

| NET BOOK VALUE

| At 31 December 2025 | 540 |  | 656,250 |  | 6,815 |  | 663,605 |  |

| At 31 December 2024 | 720 |  | 700,000 |  | 3,019 |  | 703,739 |  |

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

| 31.12.25 |  | 31.12.24

£ | £ |

| Other debtors | 1,322 |  | 45,118 |  |

| VAT | 753 |  | 660 |  |

| Prepayments | 8,827 |  | 6,722 |  |

10,902 |  | 52,500 |  |

| Pleiades BF 155 LLP (Registered number: SO300195) |

Notes to the Financial Statements - continued

for the Year Ended 31 December 2025

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

| 31.12.25 |  | 31.12.24

£ | £ |

| Bank loans and overdrafts | 40,946 |  | 10,395 |  |

| Trade creditors | - |  | 292 |  |

| Agent's balance | 39,192 |  | 183 |  |

| Accrued expenses | 2,270 |  | 2,170 |  |

82,408 |  | 13,040 |  |

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

| 31.12.25 |  | 31.12.24

£ | £ |

| Bank loans - 1-2 years | - |  | 4,410 |  |

| Provision for bad debt | - |  | 45,118 |  |

- |  | 49,528 |  |

9. | LOANS AND OTHER DEBTS DUE TO MEMBERS |

| The members would not seek to draw any balances owed to them by the LLP unless they were satisfied that there were sufficient funds to meet all other creditors as they fall due.