Fertile LLP

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: SO306900

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		603,748		603,748
Tangible Assets	5		269,944		298,611

			873,692		902,359
CURRENT ASSETS
Debtors	6	96,404		89,280
Cash at bank and in hand		11,826		496

		108,230		89,776
Creditors: Amounts Falling Due Within One Year	7	(25,002 )		(21,137 )

NET CURRENT ASSETS (LIABILITIES)			83,228		68,639

TOTAL ASSETS LESS CURRENT LIABILITIES			956,920		970,998

Creditors: Amounts Falling Due After More Than One Year	8		(258,963 )		(262,402 )

NET ASSETS ATTRIBUTABLE TO MEMBERS			697,957		708,596

REPRESENTED BY:
Loans and other debts due to members within one year
Other amounts		9,157		19,796

			9,157		19,796

Equity
Members' other interests
Members' capital		688,800		688,800

			688,800		688,800

			697,957		708,596

TOTAL MEMBERS' INTEREST
Amounts due from members			(74,228)		(62,406)
Loans and other debts due to members within one year			9,157		19,796
Members' other interests			688,800		688,800

			623,729		646,190

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Page 2

Fertile LLP

Balance Sheet (continued)

As At 31 December 2025

For the year ending 31 December 2025 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 applicable to LLPs subject to the small LLPs regime.)

The members acknowledge their responsibilities for complying with the requirements of the Act (as applied to LLPs) with respect to accounting records and the preparation of accounts.

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

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

On behalf of the members

RPM Northsea Ltd

Designated Member

13/07/2026

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Fertile LLP is a limited liability partnership, incorporated in Scotland, registered number SO306900 . The Registered Office is Westward Fishing Company, 141 Shore Street, Fraserburgh, Aberdeenshire, AB43 9BP.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 for small limited liability partnerships regime - The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), The Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in May 2024 (SORP) and the Companies Act 2006 (as applied to LLPs).

The financial statements are prepared in sterling which is the functional currency of the LLP.

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

Intangible assets are stated at cost. No provision for amortisation has been made in these accounts as the members believe that they have indefinite lives as the rights to these assets will not be revoked. Fishing licence not amortised.

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

15 years straight line

3. Average Number of Employees

Average number of employees, including members with contracts of employment, during the year was: 3 (2024: 3)

4. Intangible Assets

	Fishing Licences
	£
Cost
As at 1 January 2025	603,748

As at 31 December 2025	603,748

Net Book Value
As at 31 December 2025	603,748

As at 1 January 2025	603,748

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Page 4

Fertile LLP

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

5. Tangible Assets

	Fishing Vessel
	£
Cost
As at 1 January 2025	430,000

As at 31 December 2025	430,000

Depreciation
As at 1 January 2025	131,389
Provided during the period	28,667

As at 31 December 2025	160,056

Net Book Value
As at 31 December 2025	269,944

As at 1 January 2025	298,611

6. Debtors

	2025	2024
	£	£
Due within one year
Other debtors	96,404	89,280

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	3,979	1,634
Bank loans and overdrafts	18,848	17,104
Other creditors	2,175	2,399

	25,002	21,137

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

	2025	2024
	£	£
Bank loans	258,963	262,402

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