South Sea Holdings (UK) Ltd

	Page
Balance Sheet	1
Notes to the Financial Statements	2—4

Registered number: 08008620

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Investments	4		1,351		1,351

			1,351		1,351
CURRENT ASSETS
Debtors	5	37,549		37,613
Cash at bank and in hand		18,075		11,757

		55,624		49,370
Creditors: Amounts Falling Due Within One Year	6	(11,379 )		(4,862 )

NET CURRENT ASSETS (LIABILITIES)			44,245		44,508

TOTAL ASSETS LESS CURRENT LIABILITIES			45,596		45,859

NET ASSETS			45,596		45,859

CAPITAL AND RESERVES
Called up share capital	7		100		100
Profit and Loss Account			45,496		45,759

SHAREHOLDERS' FUNDS			45,596		45,859

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.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr David Valks

Director

7 October 2025

The notes on pages 2 to 4 form part of these financial statements.

1. General Information

South Sea Holdings (UK) Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08008620 . The registered office is C/O Jon Davies Accountants Ltd , Business First Business Centre, 23 Goodlass Road, Liverpool, L24 9HJ.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was:

	2025	2024
Office and administration	1	1

	1	1

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South Sea Holdings (UK) Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

4. Investments

	Unlisted
	£
Cost or Valuation
As at 1 April 2024	1,351

As at 31 March 2025	1,351

Provision
As at 1 April 2024	-

As at 31 March 2025	-

Net Book Value
As at 31 March 2025	1,351

As at 1 April 2024	1,351

Fixed assets investments

Fixed asset investments are stated at historical cost less provision for any diminution in value.

Details of undertakings

Details of the investments in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Subsidiary undertakings

South Sea Trading (UK) Ltd Ordinary Shares 100%

V S Northern Solutions Ltd Ordinary Shares 100%

Joint Ventures

Zenith Housing Solutions Ltd Ordinary Shares 50%

JAG Group Holdings Ltd Ordinary Shares 50%

5. Debtors

	2025	2024
	£	£
Due within one year
Other debtors	27,843	27,843
Corporation tax recoverable assets	97	170
VAT	9	-
Amounts owed by group undertakings	9,600	9,600

	37,549	37,613

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Other taxes and social security	-	1,700
VAT	-	1,591
Accruals and deferred income	250	250
Director's loan account	871	734
Amounts owed to group undertakings	10,258	587

	11,379	4,862

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South Sea Holdings (UK) Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

7. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

8. Related Party Transactions

South Sea Trading (UK)

The Director is the Sole Director of and the Company the 100% shareholder of South Sea Trading (UK) Ltd.

During the year the company provided management services to the value of £0 (2024: £8,000) to South Sea Trading (UK) Ltd and at the balance sheet date the amount due from South Sea Trading (UK) Ltd was £9,600 (2024: £9,600).

V S Northern Solutions Ltd

The Director is the Sole Director of and the Company the 100% shareholder of V S Northern Solutions Ltd.

During the year the company provided management services to the value of £0 (2024: £0) to V S Northern Solutions Ltd and at the balance sheet date the amount owed to V S Northern Solutions Ltd was £10,172 (2024: £466)

Zenith Housing Solutions Ltd

The Director is a Director of and the Company the 50% shareholder of Zenith Housing Solutions Ltd.

During the year the company provided management services to the value of £0 (2024: £0) to Zenith Housing Solutions Ltd and at the balance sheet date the amount owed to Zenith Housing Solutions Ltd was £86 (2024: £121).

9. Ultimate Controlling Party

The company's ultimate controlling party is David Allan Valks by virtue of his ownership of 100% of the issued share capital in the company.

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