Company Registration No. SC629488 (Scotland)
Everfish Limited
Unaudited accounts
for the year ended 31 March 2023
Everfish Limited
Unaudited accounts
Contents
Everfish Limited
Company Information
for the year ended 31 March 2023
Director
Dr Robert Douglas Stewart
Company Number
SC629488 (Scotland)
Registered Office
Caledonian Exchange
19a Canning Street
Edinburgh
EH3 8HE
Scotland
Accountants
Allsquare (Edinburgh) Ltd
Federation House
222-224 Queensferry Road
Edinburgh
EH4 2BN
Everfish Limited
Statement of financial position
as at 31 March 2023
Investments
1,781,717
1,878,762
Cash at bank and in hand
20,738
23,780
Creditors: amounts falling due within one year
(1,601,800)
(1,701,800)
Net current liabilities
(1,581,062)
(1,678,020)
Net assets
200,827
201,687
Called up share capital
100
100
Profit and loss account
200,727
201,587
Shareholders' funds
200,827
201,687
For the year ending 31 March 2023 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 5 June 2023 and were signed on its behalf by
Dr Robert Douglas Stewart
Director
Company Registration No. SC629488
Everfish Limited
Notes to the Accounts
for the year ended 31 March 2023
Everfish Limited is a private company, limited by shares, registered in Scotland, registration number SC629488. The registered office is Caledonian Exchange, 19a Canning Street, Edinburgh, EH3 8HE, Scotland.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
5 years straight line
Computer equipment
3 years straight line
Monetary 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 rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Investments in shares are included at fair value. Changes in fair value are recognised in profit or loss.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Everfish Limited
Notes to the Accounts
for the year ended 31 March 2023
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 April 2022
868
2,045
2,913
At 31 March 2023
868
2,045
2,913
At 1 April 2022
522
1,446
1,968
Charge for the year
174
599
773
At 31 March 2023
696
2,045
2,741
At 31 March 2023
172
-
172
At 31 March 2022
346
599
945
5
Investments
Other investments
Valuation at 1 April 2022
1,878,762
Fair value adjustments
(85,251)
Valuation at 31 March 2023
1,781,717
If listed investments had not been revalued they would have been included at the following historical cost:
Year ended 31 March 2023: £1,795,833
Year ended 31 March 2022: £1,807,627
6
Creditors: amounts falling due within one year
2023
2022
Loans from directors
1,600,000
1,700,000
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
8
Transactions with related parties
Included within 'Loans from directors' is an amount of £1,600,000 (2022: £1,700,000) due to the director, Dr Robert Douglas Stewart, by the company. The loan is interest free and has no terms for repayment.
9
Average number of employees
During the year the average number of employees was 1 (2022: 1).
