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REGISTERED NUMBER: SO308063 (Scotland)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 17 SEPTEMBER 2024 TO 31 DECEMBER 2025

FOR

KOPALA LLP
KOPALA LLP (REGISTERED NUMBER: SO308063)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 17 SEPTEMBER 2024 TO 31 DECEMBER 2025




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KOPALA LLP

GENERAL INFORMATION
FOR THE PERIOD 17 SEPTEMBER 2024 TO 31 DECEMBER 2025







DESIGNATED MEMBERS: Geoscotts LLC
Ocean Fishing LLP





REGISTERED OFFICE: Heritage House
141 Shore Street
Fraserburgh
Aberdeenshire
AB43 9BP





REGISTERED NUMBER: SO308063 (Scotland)
Page 1
KOPALA LLP (REGISTERED NUMBER: SO308063)

BALANCE SHEET
31 DECEMBER 2025

Notes £    £   
FIXED ASSETS
Tangible assets 5 607,774

CURRENT ASSETS
Debtors 6 10,574

CREDITORS
Amounts falling due within one year 7 78,416
NET CURRENT LIABILITIES (67,842 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
539,932

CREDITORS
Amounts falling due after more than one
year
8
21,385
NET ASSETS ATTRIBUTABLE TO
MEMBERS
518,547

LOANS AND OTHER DEBTS DUE TO
MEMBERS
518,547

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 518,547

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 period 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.

The notes form part of these financial statements

Page 2 continued...
KOPALA LLP (REGISTERED NUMBER: SO308063)

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 3 September 2026 and were signed by:





Ocean Fishing LLP - Designated member

The notes form part of these financial statements

Page 3
KOPALA LLP (REGISTERED NUMBER: SO308063)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 17 SEPTEMBER 2024 TO 31 DECEMBER 2025

1. STATUTORY INFORMATION

Kopala LLP is registered in Scotland. The LLP's registered number and registered office address can be found on the General Information page.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

The presentation currency of the financial statements is the Pound Sterling (£). Monetary amounts in these financial statements are rounded to the nearest pound.

Going Concern
At the time of approving the financial statements, the members have a reasonable expectation that the limited liability partnership has adequate resources to continue in operational existence for the foreseeable future. Thus the members continue to adopt the going concern basis of accounting in preparing the financial statements.

Significant judgements and estimates
In the application of the limited liability partnership's accounting policies, the members are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Turnover
Turnover represents amounts receivable for the sale of fish and related products. This is recognised at point of settling and excludes value added tax.

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 and gear - 6.25% on cost
Motor vehicles - 25% on reducing balance

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Taxation
No taxation has been provided in the accounts as taxation is a personal liability of the members.

Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held in call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Page 4 continued...
KOPALA LLP (REGISTERED NUMBER: SO308063)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 17 SEPTEMBER 2024 TO 31 DECEMBER 2025

4. EMPLOYEE INFORMATION

The average number of employees during the period was NIL.

5. TANGIBLE FIXED ASSETS
Fishing
vessel Motor
and gear vehicles Totals
£    £    £   
COST
Additions 600,000 39,329 639,329
At 31 December 2025 600,000 39,329 639,329
DEPRECIATION
Charge for period 25,000 6,555 31,555
At 31 December 2025 25,000 6,555 31,555
NET BOOK VALUE
At 31 December 2025 575,000 32,774 607,774

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other debtors 10,574

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Hire purchase contracts 8,849
Trade creditors 50,936
Other creditors 18,631
78,416

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
£   
Hire purchase contracts 21,385

Page 5