REGISTERED NUMBER: 02145416 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

SEACHOICE (SCANDINAVIA) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

C L B Niven

M McNamee

SECRETARY:

Miss P D R Niven

REGISTERED OFFICE:

Mere House

Mill Lane

Frensham

Farnham

Surrey

GU10 3EB

REGISTERED NUMBER:

02145416 (England and Wales)

ACCOUNTANTS:

Seago and Stopps

Chartered Certified Accountants

61 Station Road

Sudbury

Suffolk

CO10 2SP

CURRENT ASSETS

13,369

Debtors

5

11,862

9,273

Cash at bank

8,891

22,642

20,753

CREDITORS

13,673

Amounts falling due within one year

6

16,192

8,969

NET CURRENT ASSETS

4,561

8,969

TOTAL ASSETS LESS CURRENT LIABILITIES

4,561

CREDITORS

32,436

Amounts falling due after more than one year

7

27,358

(23,467

)

NET LIABILITIES

(22,797

)

CAPITAL AND RESERVES

1,000

Called up share capital

1,000

(24,467

)

Retained earnings

(23,797

)

(23,467

)

SHAREHOLDERS' FUNDS

(22,797

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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 23 September 2025 and were signed on its behalf by:

C L B Niven - Director

1.	STATUTORY INFORMATION

Seachoice (Scandinavia) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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

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 represents the value of sales made and invoiced during the year and after taking into account the movement between the opening and closing trade debtor balances.

Sales were made to customers operating in the Baltic Sea, the Sgaggerak and Kattegat sea areas.

Tangible fixed assets

The company's fixed assets have been depreciated in full.

Financial instruments

The company enters into basic financial instrument transactions, as appropriate and as and when required, that result in the recognition of financial assets and liabilities within the financial statemernts such as trade and other accounts receivable and payable, bank loans and hire purchase and lease contracts.

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.

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.

Going concern

The accounts have been prepared on the going concern basis, the validity of which is dependant upon the continued support of the directors. The directors have confirmed their support for a period of at least twelve months from the date of signing the financial statements. The going concern basis is therefore considered appropriate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1 January 2024

7,804

Disposals

(7,804

)

At 31 December 2024

-

DEPRECIATION

At 1 January 2024

7,804

Eliminated on disposal

(7,804

)

At 31 December 2024

-

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

-

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

1,740

1,711

Other debtors

10,122

11,658

11,862

13,369

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

5,229

3,581

Trade creditors

3,133

1,071

Taxation and social security

598

-

Other creditors

7,232

9,021

16,192

13,673

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans

27,358

32,436

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

6,440

13,098