For the financial period ended 31 January 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

Fiskebas Acquisition Limited is a private company limited by shares incorporated in Scotland. The registered office is Mair's Quay, Holmsgarth, Lerwick, Shetland, ZE1 0PW.

The reporting period is for a period of 12 months and 10 days from incorporation.

These financial statements for the period ended 31 January 2026 are the first financial statements of Fiskebas Acquisition Limited prepared in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Basic financial assets are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities.

The average monthly number of persons (including directors) employed by the company during the period was:

The company's parent company entered into a facility agreement which is secured by:

- A floating charge covering the whole of the property, assets and rights (including uncalled capital) which are or may from time to time while this Charge is in force be comprised in the property and undertaking of the Company.

- A pledge agreement over credit rights arising from the AIE quotas between Fiskebas Fishing Company Limited and Fiskebas Acquisition Limited as pledgors, Clydesdale Bank PLC (trading as Virgin Money) as the pledgee and Naviera Cabieces as the A.I.E..

- A first fixed charge containing a negative pledge over the shares of Naviera Cabieces S.L between Fiskebas Fishing Company Limited and Fiskebas Acquisition Limited as pledgors, Clydesdale Bank PLC (trading as Virgin Money) as pledgee and Naviera Cabieces as the company.

The ultimate parent company is Fiskebas Fishing Company Limited, a company incorporated in the UK. Their registered office is Mair’s Quay, Holmsgarth, Lerwick, Shetland, ZE1 0PW.