REGISTERED NUMBER: 03217410 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2026

FOR

GENESIS FISHING LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

N D Robson

J A Robson

G N Robson

J E Robson

SECRETARY:

J A Robson

REGISTERED OFFICE:

Medina House

2 Station Avenue

Bridlington

East Yorkshire

YO16 4LZ

REGISTERED NUMBER:

03217410 (England and Wales)

ACCOUNTANTS:

Lloyd Dowson Limited

Medina House

2 Station Avenue

Bridlington

East Yorkshire

YO16 4LZ

FIXED ASSETS

Intangible assets

4

300,400

300,400

Tangible assets

5

2,029,082

2,128,493

2,329,482

2,428,893

CURRENT ASSETS

Debtors

6

102,379

172,021

Cash at bank

720,797

455,840

823,176

627,861

CREDITORS

Amounts falling due within one year

7

145,664

51,656

NET CURRENT ASSETS

677,512

576,205

TOTAL ASSETS LESS CURRENT LIABILITIES

3,006,994

3,005,098

PROVISIONS FOR LIABILITIES

442,903

463,770

NET ASSETS

2,564,091

2,541,328

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

2,563,991

2,541,228

SHAREHOLDERS' FUNDS

2,564,091

2,541,328

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2026 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 September 2026 and were signed on its behalf by:

N D Robson - Director

J A Robson - Director

1.	STATUTORY INFORMATION

Genesis Fishing 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 represents fishing and is recognised on the supply of goods.

Intangible assets

No amortisation is provided against the value of the fishing licences acquired by the company in 2015, 2024 and 2025.

Tangible fixed assets

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

Freehold property

-

2% on cost

Boat

-

10% on reducing balance

Equipment

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

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 has made contributions to the directors' pensions. The contributions are charged to the statement of income and retained earnings in the period to which they relate.

The company also operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to the statement of income and retained earnings in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2025 - 6 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 July 2025

and 30 June 2026

300,400

NET BOOK VALUE

At 30 June 2026

300,400

At 30 June 2025

300,400

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 July 2025

12,399

3,631,877

3,644,276

Additions

-

135,500

135,500

Disposals

-

(33,221

)

(33,221

)

At 30 June 2026

12,399

3,734,156

3,746,555

DEPRECIATION

At 1 July 2025

558

1,515,225

1,515,783

Charge for year

248

223,228

223,476

Eliminated on disposal

-

(21,786

)

(21,786

)

At 30 June 2026

806

1,716,667

1,717,473

NET BOOK VALUE

At 30 June 2026

11,593

2,017,489

2,029,082

At 30 June 2025

11,841

2,116,652

2,128,493

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.26

30.6.25

£

£

Trade debtors

-

21,171

Other debtors

102,379

150,850

102,379

172,021

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.26

30.6.25

£

£

Trade creditors

11,892

47

Taxation and social security

112,741

39,768

Other creditors

21,031

11,841

145,664

51,656

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.26

30.6.25

value:

£

£

60

Ordinary A

£1

60

60

20

Ordinary B

£1

20

20

20

Ordinary C

£1

20

20

100

100