REGISTERED NUMBER: SC526517 (Scotland)

STORNOWAY SUBSEA LTD

Financial Statements for the Year Ended 28 February 2025

Page

Balance Sheet

1

FIXED ASSETS

28,255

10,537

CURRENT ASSETS

4,408

24,882

CREDITORS

Amounts falling due within one year

(6,354

)

(12,911

)

NET CURRENT (LIABILITIES)/ASSETS

(1,946

)

11,971

TOTAL ASSETS LESS CURRENT LIABILITIES

26,309

22,508

CREDITORS

Amounts falling due after more than one year

(8,867

)

(14,000

)

NET ASSETS

17,442

8,508

CAPITAL AND RESERVES

17,442

8,508

NOTES TO THE FINANCIAL STATEMENTS

1.	STATUTORY INFORMATION

Stornoway Subsea Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address are as below:

Registered number:

SC526517

Registered office:

Nacula 8c Steinish

Isle Of Lewis

Stornoway

HS2 0AA

The presentation currency of the financial statements is the Pound Sterling (£).

The financial statements are rounded to the nearest £1.

2.	AVERAGE NUMBER OF EMPLOYEES

The average number of employees during the year was NIL (2024 - NIL).

3.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 28 February 2025 and 29 February 2024:

28.2.25

29.2.24

£

£

D Macdonald

Balance outstanding at start of year

10,000

-

Amounts advanced

-

10,000

Amounts repaid

(10,000

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

10,000

No interest was charged on the outstanding loan balance.

The loan was repaid on 6 April 2024.

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the director and authorised for issue on 8 August 2025 and were signed by:

D Macdonald - Director