Silverfin false false 31/10/2024 20/09/2023 31/10/2024 Lorraine Arnold 30/11/2024 20/09/2023 James Blair Astles 30/11/2024 20/09/2023 Adrian Charles Moore 01/12/2024 18 July 2025 The principal activity of the Company during the financial period was the operation of an amusement arcade. 15150615 2024-10-31 15150615 bus:Director1 2024-10-31 15150615 bus:Director2 2024-10-31 15150615 bus:Director3 2024-10-31 15150615 core:CurrentFinancialInstruments 2024-10-31 15150615 core:ShareCapital 2024-10-31 15150615 core:RetainedEarningsAccumulatedLosses 2024-10-31 15150615 core:SubsidiariesWithMaterialNon-controllingInterests core:CurrentFinancialInstruments 2024-10-31 15150615 2023-09-19 15150615 bus:OrdinaryShareClass1 2024-10-31 15150615 bus:OrdinaryShareClass2 2024-10-31 15150615 2023-09-20 2024-10-31 15150615 bus:FilletedAccounts 2023-09-20 2024-10-31 15150615 bus:SmallEntities 2023-09-20 2024-10-31 15150615 bus:AuditExemptWithAccountantsReport 2023-09-20 2024-10-31 15150615 bus:PrivateLimitedCompanyLtd 2023-09-20 2024-10-31 15150615 bus:Director1 2023-09-20 2024-10-31 15150615 bus:Director2 2023-09-20 2024-10-31 15150615 bus:Director3 2023-09-20 2024-10-31 15150615 bus:OrdinaryShareClass1 2023-09-20 2024-10-31 15150615 bus:OrdinaryShareClass2 2023-09-20 2024-10-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 15150615 (England and Wales)

SEA SHELL GAMING LIMITED

Unaudited Financial Statements
For the financial period from 20 September 2023 to 31 October 2024
Pages for filing with the registrar

SEA SHELL GAMING LIMITED

Unaudited Financial Statements

For the financial period from 20 September 2023 to 31 October 2024

Contents

SEA SHELL GAMING LIMITED

STATEMENT OF FINANCIAL POSITION

As at 31 October 2024
SEA SHELL GAMING LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 October 2024
Note 31.10.2024
£
Fixed assets
Investments 1,242,334
1,242,334
Current assets
Debtors 3 100
100
Creditors: amounts falling due within one year 4 ( 1,273,236)
Net current liabilities (1,273,136)
Total assets less current liabilities (30,802)
Provision for liabilities 5 ( 3,280)
Net liabilities ( 34,082)
Capital and reserves
Called-up share capital 6 100
Profit and loss account ( 34,182 )
Total shareholders' deficit ( 34,082)

For the financial period ending 31 October 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of Sea Shell Gaming Limited (registered number: 15150615) were approved and authorised for issue by the Director on 18 July 2025. They were signed on its behalf by:

Adrian Charles Moore
Director
SEA SHELL GAMING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 20 September 2023 to 31 October 2024
SEA SHELL GAMING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 20 September 2023 to 31 October 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period, unless otherwise stated.

General information and basis of accounting

Sea Shell Gaming Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Studio 5 Rowditch Business Centre, 282 Uttoxeter New Road, Derby, DE22 3LN, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The director has assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The director notes that the business has net liabilities of £1,273,136. The Company is supported through loans from the Group. The director has received assurances that the loan facilities will continue to be available for at least 12 months from the date of signing these financial statements and the Group will continue to support the Company. After making enquiries, the director believes that any foreseeable debts can be met for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Statement of Financial Position date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

2. Employees

Period from
20.09.2023 to
31.10.2024
Number
Monthly average number of persons employed by the Company during the period, including the director 2

3. Debtors

31.10.2024
£
Amounts owed by director 100

4. Creditors: amounts falling due within one year

31.10.2024
£
Trade creditors 240
Amounts owed to own subsidiaries 90,116
Accruals 2,880
Other creditors 1,180,000
1,273,236

5. Deferred tax

31.10.2024
£
At the beginning of financial period 0
Charged to the Statement of Income and Retained Earnings ( 3,280)
At the end of financial period ( 3,280)

6. Called-up share capital

31.10.2024
£
Allotted, called-up and fully-paid
51 A ordinary shares of £ 1.00 each 51
49 B ordinary shares of £ 1.00 each 49
100

6. Related party transactions

Transactions with owners holding a participating interest in the entity

31.10.2024
£
Amounts owed to Sea Shell Holdings Ltd 380,000

No interest has been charged on these balances and there are no fixed dates for repayment.

The company has taken the exemption in Section 1AC.35 of FRS102 from disclosing related party transactions with 100% owned group companies.

Transactions with the entity's director

31.10.2024
£
Amounts owed by the director 100

There are no set repayment terms and the accounts are interest-free.