REGISTERED NUMBER: 08593929 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

MARINER FOODS TRADING LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M Gudmundsson

O E Jonsson

REGISTERED OFFICE:

Atlantic Fresh

Grimsby Fish Market

Wharncliffe Road

Grimsby

N E Lincolnshire

DN31 3QJ

REGISTERED NUMBER:

08593929 (England and Wales)

ACCOUNTANTS:

D Flynn Associates Limited

Chartered Certified Accountants

and Business Advisors

23 Chantry Lane

Grimsby

N E Lincolnshire

DN31 2LP

FIXED ASSETS

80,000

Intangible assets

4

140,001

505,838

Tangible assets

5

507,770

585,838

647,771

CURRENT ASSETS

53,087

Stocks

54,892

2,363,266

Debtors

6

2,199,523

1,289,613

Cash at bank

589,156

3,705,966

2,843,571

CREDITORS

1,147,368

Amounts falling due within one year

7

967,794

2,558,598

NET CURRENT ASSETS

1,875,777

3,144,436

TOTAL ASSETS LESS CURRENT LIABILITIES

2,523,548

CREDITORS

(18,899

)

Amounts falling due after more than one year

8

(18,899

)

(126,459

)

PROVISIONS FOR LIABILITIES

(127,977

)

2,999,078

NET ASSETS

2,376,672

CAPITAL AND RESERVES

100

Called up share capital

100

2,998,978

Retained earnings

2,376,572

2,999,078

2,376,672

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 directors acknowledge their 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 August 2026 and were signed on its behalf by:

O E Jonsson - Director

M Gudmundsson - Director

1.	STATUTORY INFORMATION

Mariner Foods Trading Limited is a private company, limited by shares , registered in England and Wales. 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.

GOODWILL

Goodwill, being the amount paid in connection with the acquisition of a business in 2024, is being amortised over 5 years.

INTANGIBLE ASSETS

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

TANGIBLE FIXED ASSETS

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

Plant and machinery etc

-

10% on cost

STOCKS

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

TAXATION

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 21 (2024 - 21 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2025

120,000

Additions

100,001

At 31 December 2025

220,001

AMORTISATION

At 1 January 2025

40,000

Charge for year

40,000

At 31 December 2025

80,000

NET BOOK VALUE

At 31 December 2025

140,001

At 31 December 2024

80,000

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2025

1,021,425

Additions

138,710

Disposals

(10,495

)

At 31 December 2025

1,149,640

DEPRECIATION

At 1 January 2025

515,587

Charge for year

126,283

At 31 December 2025

641,870

NET BOOK VALUE

At 31 December 2025

507,770

At 31 December 2024

505,838

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade debtors

1,963,797

2,168,507

Other debtors

235,726

194,759

2,199,523

2,363,266

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade creditors

790,919

785,463

Taxation and social security

71,875

244,856

Other creditors

105,000

117,049

967,794

1,147,368

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.25

31.12.24

£

£

Other creditors

18,899

18,899