REGISTERED NUMBER: 08480742 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

SCORPION OCEANICS (CAMBRIDGE) LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

D M Devine

REGISTERED OFFICE:

C/O Thompson Taraz Rand

Suite 20, New Cambridge House

Bassingbourn Road

Litlington

Cambridgeshire

SG8 0SS

BUSINESS ADDRESS:

Unit 2

Park Farm

Great Chesterford

Saffron Walden

Essex

CB10 1RN

REGISTERED NUMBER:

08480742 (England and Wales)

ACCOUNTANTS:

Thompson Taraz Rand Ltd

Chartered Accountants

10 Jesus Lane

Cambridge

Cambridgeshire

CB5 8BA

FIXED ASSETS

Investments

5

1,532,028

1,532,028

CURRENT ASSETS

Debtors

6

298,808

265,600

Cash and cash equivalents

4,039

110

302,847

265,710

CREDITORS

Amounts falling due within one year

7

(302,847

)

(261,671

)

NET CURRENT ASSETS

-

4,039

TOTAL ASSETS LESS CURRENT LIABILITIES

1,532,028

1,536,067

CAPITAL AND RESERVES

Called up share capital

8

2

2

Retained earnings

9

1,532,026

1,536,065

SHAREHOLDERS' FUNDS

1,532,028

1,536,067

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 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 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 Profit and loss account has not been delivered.

The financial statements were approved by the director and authorised for issue on 25 September 2025 and were signed by:

D M Devine - Director

1.	STATUTORY INFORMATION

Scorpion Oceanics (Cambridge) Ltd 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents the net invoiced sale of management fees excluding value added tax.

Investments in subsidiaries

Investments in subsidiaries and associates are initially recognised at costs. Investments are reviewed at the year end for impairment with any movements recognised through the profit and loss in the period to which they relate.

Financial instruments

Basic financial assets and basic financial liabilities as defined under section 11 of FRS 102, including trade and other debtors, trade and other creditors, cash and bank balances and investments in commercial paper, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

4.	EMPLOYEES AND DIRECTORS

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

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 January 2024

and 31 December 2024

1,532,028

NET BOOK VALUE

At 31 December 2024

1,532,028

At 31 December 2023

1,532,028

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Other debtors

298,808

265,600

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Amounts owed to associates

-

99,600

Taxation and social security

74,702

62,471

Other creditors

228,145

99,600

302,847

261,671

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

2

Ordinary

£1

2

2

9.

RESERVES

Retained

earnings

£

At 1 January 2024

1,536,065

Profit for the year

224,106

Dividends

(228,145

)

At 31 December 2024

1,532,026

10.	RELATED PARTY DISCLOSURES

The company charged £298,808 (2023: £265,600) in relation to management services to a company in which Scorpion Oceanics (Cambridge) Ltd holds a participating interest. The balance due to the company of £298,808 (2023: £265,600) is disclosed within accrued income.

Shown within other creditors is £nil (2023: £99,600) which is owed to a company in which Scorpion Oceanics (Cambridge) Ltd holds a participating interest. The amount bears no interest and is repayable on demand.

At the balance sheet date £228,145 (2023: £99,600) was owed to a company which held a particpating interest in Scorpion Oceanics (Cambridge) Ltd. The amount bears no interest, is repayable on demand and included in creditors due in less than one year.