REGISTERED NUMBER: SC425698 (Scotland)

Unaudited Financial Statements

for the Year Ended 31 December 2025

for

C K Trawlers Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr D Patience

REGISTERED OFFICE:

14 Glenugie View

Peterhead

United Kingdom

Aberdeenshire

AB42 2RW

REGISTERED NUMBER:

SC425698 (Scotland)

ACCOUNTANTS:

SBP

Accountants

Glebefield House

21 Links Terrace

Peterhead

Aberdeenshire

AB42 2XA

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

422,256

453,079

422,256

453,079

CURRENT ASSETS

Debtors

6

35,940

85,045

Cash at bank

35,073

107,572

71,013

192,617

CREDITORS

Amounts falling due within one year

7

108,213

277,362

NET CURRENT LIABILITIES

(37,200

)

(84,745

)

TOTAL ASSETS LESS CURRENT LIABILITIES

385,056

368,334

CREDITORS

Amounts falling due after more than one year

8

(279,148

)

-

PROVISIONS FOR LIABILITIES

(44,700

)

(48,232

)

NET ASSETS

61,208

320,102

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

61,108

320,002

61,208

320,102

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 21 August 2026 and were signed by:

Mr D Patience - Director

1.	STATUTORY INFORMATION

C K Trawlers Limited is a private company, limited by shares , registered in Scotland. 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.

Turnover

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

Intangible assets

The fishing licence has been fully amortised evenly over the estimated useful life of ten years.

Tangible fixed assets

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

Fishing vessel

-

5% on reducing balance

Marine equipment

-

15% on reducing balance

Motor vehicles

-

25% 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.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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 6 (2024 - 5 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 January 2025

and 31 December 2025

336,000

AMORTISATION

At 1 January 2025

and 31 December 2025

336,000

NET BOOK VALUE

At 31 December 2025

-

At 31 December 2024

-

5.	TANGIBLE FIXED ASSETS

Fishing

Marine

Motor

vessel

equipment

vehicles

Totals

£

£

£

£

COST

At 1 January 2025

773,879

37,170

67,131

878,180

Additions

-

2,645

-

2,645

Disposals

-

-

(37,436

)

(37,436

)

At 31 December 2025

773,879

39,815

29,695

843,389

DEPRECIATION

At 1 January 2025

352,670

24,860

47,571

425,101

Charge for year

21,060

2,243

3,132

26,435

Eliminated on disposal

-

-

(30,403

)

(30,403

)

At 31 December 2025

373,730

27,103

20,300

421,133

NET BOOK VALUE

At 31 December 2025

400,149

12,712

9,395

422,256

At 31 December 2024

421,209

12,310

19,560

453,079

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade debtors

-

27,378

Other debtors

35,940

57,667

35,940

85,045

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Bank loans and overdrafts

23,823

-

Trade creditors

21,423

48,493

Amounts owed to associates

3,000

-

Taxation and social security

-

1,498

Other creditors

59,967

227,371

108,213

277,362

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.25

31.12.24

£

£

Bank loans

124,148

-

Other creditors

155,000

-

279,148

-

Amounts falling due in more than five years:

Repayable by instalments

Other loans more 5yrs instal

35,000

-

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.25

31.12.24

£

£

Bank loans

147,971

-

Craigton Investments Ltd Loan

185,000

-

332,971

-

Various fixed and floating charges exist in favour of Royal Bank of Scotland, Craigton Investments Ltd, and Mr & Mrs Jack over the property and undertaking of the company, and the company's vessel.

10.	RELATED PARTY DISCLOSURES

The amount owed to Craigton Investments Ltd, a company of which Mr G Jack and Mrs C Jack are Directors, as at 31 December 2025 was £185,000 (2024 - £185,000). This loan will be repaid in line with the share purchase agreement signed 14 November 2025.

There were dividends of £146,900 paid to Sirius Fishing Company Ltd in the year.

The company received a loan from Sirius Fishing Company Ltd, the parent company of CK Trawlers Limited, in the year. As at 31 December 2025 the balance due was £3,000 (2024 - NIL). There are no specific terms of repayment and no interest charged.

11.	ULTIMATE CONTROLLING PARTY

The controlling party is Sirius Fishing Company Ltd. The ultimate controlling party is Mr D Patience and Mrs F A Patience.