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Registered number: 04447865
Sea Lion Group Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Adbell Advisory Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 04447865
2024 2023
Notes
FIXED ASSETS
Investments 4 2,500,000 500,000
2,500,000 500,000
CURRENT ASSETS
Debtors 5 30,000 30,000
Cash at bank and in hand 11,983 4,175
41,983 34,175
Creditors: Amounts Falling Due Within One Year 6 (2,112,491 ) (749,299 )
NET CURRENT ASSETS (LIABILITIES) (2,070,508 ) (715,124 )
TOTAL ASSETS LESS CURRENT LIABILITIES 429,492 (215,124 )
Creditors: Amounts Falling Due After More Than One Year 7 - (3,200 )
NET ASSETS/(LIABILITIES) 429,492 (218,324 )
CAPITAL AND RESERVES
Called up share capital 8 78,485 78,485
Profit and Loss Account 351,007 (296,809 )
SHAREHOLDERS' FUNDS 429,492 (218,324)
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For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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
Ms Oksana Firsova
Director
15/10/2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Sea Lion Group Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04447865 . The registered office is Suite 202 East Wing Sterling House, Langston Road, Loughton, IG10 3TS.
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. Going Concern Disclosure
The financial statements have been prepared on a going concern basis. The company has obtained undertakings from its shareholders that they will continue to support the company for the foreseeable future and meet all third party liabilities as they fall due. Given this undertaking, the directors consider it appropriate to adopt a going concern basis in preparing the financial statements.
2.3. 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.
2.4. Financial Instruments
Financial assets and financial liabilities are recognised when the company becomes a party to the contractual provisions of the instrument.
Financial assets and financial liabilities are recognised initially at fair value. Financial assets are reduced for provision, for impairment, if required.
2.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into euro at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into euro at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.6. 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.
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2.7. Investments in subsidiary and associate
Investments in associate undertakings are recognised at cost.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Investments
Associates
Cost or Valuation
As at 1 January 2024 500,000
Additions 2,000,000
As at 31 December 2024 2,500,000
Provision
As at 1 January 2024 -
As at 31 December 2024 -
Net Book Value
As at 31 December 2024 2,500,000
As at 1 January 2024 500,000
Associated company
Nettuno Holding Srl
Registered office: VIA DI BADIA A RIPOLI 5/M/2 - 50126, FIRENZE FI
Nature of business:
                                                                            %
                                                                          27.54
Class of shares:
holding                                                              Ordinary
                                                                                     31.12.24                                              31.12.2023
                                                                                         €                                                             €
Aggregate capital and reserves                                       2,773,641                                              2,800,327
Profit for the year                                                           (41,686)                                                 (19,387)
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5. Debtors
2024 2023
Due within one year
Other debtors 30,000 30,000
6. Creditors: Amounts Falling Due Within One Year
2024 2023
Other creditors 2,112,491 749,299
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
Taxation and social security - 3,200
8. Share Capital
2024 2023
Allotted, Called up and fully paid 78,485 78,485
50000 ordinary shares £1 each 
9. Ultimate Controlling Party
The company's ultimate controlling party is Ms Lisa Sentosa.
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