REGISTERED NUMBER: SC095650 (Scotland)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

ROVMARINE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R I Shiers

Mrs M Shiers

REGISTERED OFFICE:

5 South Charlotte Street

Edinburgh

EH2 4AN

REGISTERED NUMBER:

SC095650 (Scotland)

ACCOUNTANTS:

Juler Tooke

Lothing House

Quay View Business Park

Barnards Way

Lowestoft

Suffolk

NR32 2HD

FIXED ASSETS

Tangible assets

4

4,567

4,573

Investments

5

11

11

4,578

4,584

CURRENT ASSETS

Debtors

6

4,677

18,762

Cash at bank and in hand

49,071

28,625

53,748

47,387

CREDITORS

Amounts falling due within one year

7

(51,834

)

(52,383

)

NET CURRENT ASSETS/(LIABILITIES)

1,914

(4,996

)

TOTAL ASSETS LESS CURRENT LIABILITIES

6,492

(412

)

PROVISIONS FOR LIABILITIES

8

(868

)

(868

)

NET ASSETS/(LIABILITIES)

5,624

(1,280

)

CAPITAL AND RESERVES

Called up share capital

9

1,336

1,336

Retained earnings

10

4,288

(2,616

)

SHAREHOLDERS' FUNDS

5,624

(1,280

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 August 2025 and were signed on its behalf by:

R I Shiers - Director

1.	STATUTORY INFORMATION

Rovmarine Limited is a private company, limited by shares , registered in Scotland. 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Plant and machinery etc

-

20% on reducing balance and 15% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

39,138

Additions

915

At 31 March 2025

40,053

DEPRECIATION

At 1 April 2024

34,565

Charge for year

921

At 31 March 2025

35,486

NET BOOK VALUE

At 31 March 2025

4,567

At 31 March 2024

4,573

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 April 2024

and 31 March 2025

11

NET BOOK VALUE

At 31 March 2025

11

At 31 March 2024

11

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

1,902

11,568

Other debtors

2,775

7,194

4,677

18,762

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

1,250

1,260

Taxation and social security

3,680

2,203

Other creditors

46,904

48,920

51,834

52,383

8.	PROVISIONS FOR LIABILITIES

31.3.25

31.3.24

£

£

Deferred taxation

868

868

Deferred

tax

£

Balance at 1 April 2024

868

Balance at 31 March 2025

868

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

1,333

Ordinary "A"

£1

1,333

1,333

3

Ordinary "B", "C" and "D"

non-voting

£1

3

3

1,336

1,336

10.

RESERVES

Retained

earnings

£

At 1 April 2024

(2,616

)

Profit for the year

16,904

Dividends

(10,000

)

At 31 March 2025

4,288

11.	ULTIMATE CONTROLLING PARTY