LONDON_SCHOOL_OF_DIVING_LIMITED_31_Mar_2025_companies_house_set_of

LONDON SCHOOL OF DIVING LIMITED

Chartered accountant's report to the board of directors on the preparation of the unaudited statutory financial statements of LONDON SCHOOL OF DIVING LIMITED

Year ended

31 March 2025

In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the

financial statements

LONDON SCHOOL OF DIVING LIMITED

for the year ended

31 March 2025

which comprise the income statement, statement of financial position and related notes from the company’s accounting records and from information and explanations you have given me.

As a practising member of the Institute of Chartered Accountants in England and Wales (ICAEW), I am subject to its ethical and other professional requirements which are detailed at icaew.com/regulations.

This report is made solely to the Board of Directors of

LONDON SCHOOL OF DIVING LIMITED

, as a body. My work has been undertaken solely to prepare for your approval the

financial statements

LONDON SCHOOL OF DIVING LIMITED

and state those matters that I have agreed to state to the Board of Directors of

LONDON SCHOOL OF DIVING LIMITED

, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than

LONDON SCHOOL OF DIVING LIMITED

and its Board of Directors, as a body, for my work or for this report.

It is your duty to ensure that

LONDON SCHOOL OF DIVING LIMITED

has kept adequate accounting records and to prepare statutory

financial statements

that give a true and fair view of the assets, liabilities, financial position and loss of

LONDON SCHOOL OF DIVING LIMITED

. You consider that

LONDON SCHOOL OF DIVING LIMITED

is exempt from the statutory audit requirement for the year.

I have not been instructed to carry out an audit or a review of the financial statements of LONDON SCHOOL OF DIVING LIMITED. For this reason, I have not verified the accuracy or completeness of the accounting records or information and explanations you have given to me and I do not, therefore, express any opinion on the statutory financial statements.

SyK Management Consulting Ltd

Level 1,Devonshire House

1 Mayfair Place,Mayfair

London

W1J 8AJ

United Kingdom

Date:

24 September 2025

LONDON SCHOOL OF DIVING LIMITED

Statement of Financial Position

31 March 2025

		2025		2024
	Note	£		£
Fixed assets
Tangible assets	5	193,015		209,952
Current assets
Stocks		-		17,176
Debtors	6	27,170		36,364
Cash at bank and in hand		13,175		22,307
		40,345		75,847
Creditors: amounts falling due within one year	7	(938,112	)	(835,771	)
Net current liabilities		(897,767	)	(759,924	)
Total assets less current liabilities		(704,752	)	(549,972	)
Creditors: amounts falling due after more than one year	8	(2,237	)	(13,423	)
Net liabilities		(706,989	)	(563,395	)
Capital and reserves
Called up share capital		100		100
Profit and loss account		(707,089	)	(563,495	)
Shareholders deficit		(706,989	)	(563,395	)

For the year ending

31 March 2025

, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These

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.

These

financial statements

were approved by the board of directors and authorised for issue on

24 September 2025

, and are signed on behalf of the board by:

Mr. Nicholas John Mobley

Director

Company registration number:

04388345

LONDON SCHOOL OF DIVING LIMITED

Notes to the Financial Statements

Year ended

31 March 2025

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is

Unit 5 Chertsey Industrail Park

Ford Road

Chertsey

KT16 8HG

, United Kingdom.

2 Statement of compliance

These

financial statements

have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The

financial statements

have been prepared on the historical cost basis, as modified by the revaluation of certain assets.

The

financial statements

are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.

Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Land and buildings	Straight line over 15 years
Plant and machinery	Straight line over 25 years

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Finance leases and hire purchase contracts

Assets held under finance leases are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset.

Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price and are subsequently measured as follows: Debt instruments are subsequently measured at amortised cost and commitments to receive a loan and to make a loan to another entity are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment.

All other financial instruments, including derivatives, are initially recognised at fair value, which is normally the transaction price and are subsequently measured at fair value, with any changes recognised in profit or loss.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

All equity instruments regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Defined contribution pension plan

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

Operating leases

A lease is classified as an operating lease if it does not transfer substantially all the risks and rewards incidental to ownership. Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

4 Average number of employees

The average number of persons employed by the company during the year was

(2024:

5 Tangible assets

	Land and buildings	Plant and machinery etc.	Total
	£	£	£
Cost
At 1 April 2024	95,763	390,249	486,012
Additions	-	6,071	6,071
At 31 March 2025	95,763	396,320	492,083
Depreciation
At 1 April 2024	34,899	241,161	276,060
Charge	16,727	6,281	23,008
At 31 March 2025	51,626	247,442	299,068
Carrying amount
At 31 March 2025	44,137	148,878	193,015
At 31 March 2024	60,864	149,088	209,952

6 Debtors

	2025	2024
	£	£
Trade debtors	566	5,804
Other debtors	26,604	30,560
	27,170	36,364

7 Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	19,768	20,551
Trade creditors	4,430	26,625
Taxation and social security	4,790	2,825
Other creditors	909,124	785,770
	938,112	835,771

8 Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Bank loans and overdrafts	2,237		13,423

9 Operating leases

	2025	2024
The company as lessee
	£	£
Not later than 1 year	64,417	64,417
Later than 1 year and not later than 5 years	257,668	257,668
Later than 5 years	450,919	515,336
	773,004	837,421

10 Related party transactions

During the year the company entered into the following transactions with related parties:

	2025		2024
	£		£
At the Balance Sheet date, the Company owed to N Mobley, a Director	909,124		775,771