REGISTERED NUMBER: SC322492 (Scotland)

Unaudited Financial Statements

for the Year Ended 30 April 2026

for

Genesis RX 411 Ltd.

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr G W Downie

REGISTERED OFFICE:

Harris House

Memsie

Fraserburgh

Aberdeenshire

AB43 7AL

REGISTERED NUMBER:

SC322492 (Scotland)

ACCOUNTANTS:

SBP

Accountants

9 Carmelite Street

Banff

Aberdeenshire

AB45 1AF

FIXED ASSETS

Intangible assets

4

7,500

8,750

Tangible assets

5

11,396

12,161

18,896

20,911

CURRENT ASSETS

Debtors

6

3,359

1,448

Cash at bank

90,770

70,631

94,129

72,079

CREDITORS

Amounts falling due within one year

7

14,180

5,982

NET CURRENT ASSETS

79,949

66,097

TOTAL ASSETS LESS CURRENT LIABILITIES

98,845

87,008

PROVISIONS FOR LIABILITIES

1,950

2,048

NET ASSETS

96,895

84,960

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

96,795

84,860

SHAREHOLDERS' FUNDS

96,895

84,960

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2026 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 18 September 2026 and were signed by:

Mr G W Downie - Director

1.	STATUTORY INFORMATION

Genesis RX 411 Ltd. 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 represents the amounts (excluding value added tax) derived from the provision of goods to customers. Revenue is recognised at the point of sale.

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

-

6.25% on cost

Marine equipment

-

20% on reducing balance

Computer equipment

-

33% on cost

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 2 (2025 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 May 2025

and 30 April 2026

12,500

AMORTISATION

At 1 May 2025

3,750

Charge for year

1,250

At 30 April 2026

5,000

NET BOOK VALUE

At 30 April 2026

7,500

At 30 April 2025

8,750

The intangible asset value comprises of a fishing licence.

5.	TANGIBLE FIXED ASSETS

Fishing

Marine

Computer

vessel

equipment

equipment

Totals

£

£

£

£

COST

At 1 May 2025

45,000

48,599

476

94,075

Additions

-

2,084

-

2,084

At 30 April 2026

45,000

50,683

476

96,159

DEPRECIATION

At 1 May 2025

45,000

36,438

476

81,914

Charge for year

-

2,849

-

2,849

At 30 April 2026

45,000

39,287

476

84,763

NET BOOK VALUE

At 30 April 2026

-

11,396

-

11,396

At 30 April 2025

-

12,161

-

12,161

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.26

30.4.25

£

£

VAT

2,371

394

Prepayments

988

1,054

3,359

1,448

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.26

30.4.25

£

£

Trade creditors

5,425

310

Tax

6,584

3,762

Other creditors

242

-

Directors' current accounts

441

171

Accrued expenses

1,488

1,739

14,180

5,982

8.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr G W Downie.