Fishfrom Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: SC424245 (Scotland)

Abbreviated Unaudited Accounts

for the Period 1 June 2015 to 30 November 2016

for

Fishfrom Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

O G Oddsen

A E Robertson

N Robertson

J S McEuen

T G A Fischer

C Findlay

D A J Allen

REGISTERED OFFICE:

1 George Square

Glasgow

G2 1AL

REGISTERED NUMBER:

SC424245 (Scotland)

ACCOUNTANTS:

Campbell Dallas LLP

Chartered Accountants

5 Whitefriars Crescent

Perth

Perthshire

PH2 0PA

FIXED ASSETS

Tangible assets

2

49,650

49,549

Investments

3

60

-

49,710

49,549

CURRENT ASSETS

Debtors

24,627

7,211

Cash at bank and in hand

233,960

21,778

258,587

28,989

CREDITORS

Amounts falling due within one year

82,573

67,361

NET CURRENT ASSETS/(LIABILITIES)

176,014

(38,372

)

TOTAL ASSETS LESS CURRENT LIABILITIES

225,724

11,177

CAPITAL AND RESERVES

Called up share capital

4

2

2

Share premium

380,000

150,000

Profit and loss account

(154,278

)

(138,825

)

SHAREHOLDERS' FUNDS

225,724

11,177

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 November 2016.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 November 2016 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 31 August 2017 and were signed on its behalf by:

C Findlay - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with

the Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents net invoiced sales of consultancy services, excluding value added tax.

Tangible fixed assets

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date. Deferred tax is provided at the average rates that are expected to apply when the timing

differences reverse, based on current tax rates and laws. Deferred tax is not provided on timing differences

arising from the revaluation of fixed assets where there is no commitment to sell the asset. Deferred tax

assets and liabilities are not discounted.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange

ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating

result.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2015

50,183

Additions

285

At 30 November 2016

50,468

DEPRECIATION

At 1 June 2015

634

Charge for period

184

At 30 November 2016

818

NET BOOK VALUE

At 30 November 2016

49,650

At 31 May 2015

49,549

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

Additions

60

At 30 November 2016

60

NET BOOK VALUE

At 30 November 2016

60

The company's investments at the Balance Sheet date in the share capital of companies include the

following:

FishfromGB Limited

Nature of business: On land production of shrimp

%

Class of shares:

holding

Ordinary

60.00

2016

£

Aggregate capital and reserves

97,893

Loss for the period

(152,167

)

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

as restated

£

£

97,220

'A' Ordinary

0.00001

1

1

97,220

'B' Ordinary

0.00001

1

1

50,912

'C' Ordinary

0.00001

-

-

2

2

On 17 March 2016, the company reclassified 278 'A' ordinary shares of £0.0001 each and 278 'B' ordinary

shares of £0.0001 each as 'C' ordinary shares of £0.0001 each.

On 24 October 2016, all classes of shares were sub-divided from ordinary shares of £0.0001 each to

ordinary shares of £0.00001 each. Following this sub-division, the company issued a further 3,494 'C'

ordinary shares of £0.00001 each at par.

On 31 October 2016, the company issued a further 14,108 'C' ordinary shares of £0.00001 each at a

premium of £16.30 per share.

5.	ULTIMATE CONTROLLING PARTY