Seafarers Welfare And Assistance Network Limited

	Page
Balance Sheet	1
Notes to the Financial Statements	2—3

Registered number: 08009163

		2025		2024
	Notes	£	£	£	£
CURRENT ASSETS
Debtors	4	70,640		41,006
Cash at bank and in hand		21,392		122,351

		92,032		163,357
Creditors: Amounts Falling Due Within One Year	5	(92,031 )		(163,356 )

NET CURRENT ASSETS (LIABILITIES)			1		1

TOTAL ASSETS LESS CURRENT LIABILITIES			1		1

NET ASSETS			1		1

CAPITAL AND RESERVES
Called up share capital	6		1		1

SHAREHOLDERS' FUNDS			1		1

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 Simon Grainge

Director

01/10/2025

The notes on pages 2 to 3 form part of these financial statements.

1. General Information

Seafarers Welfare And Assistance Network Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08009163 . The registered office is Silverstream House, 4th Floor, 45 Fitzroy Street, London, W1T 6EB.

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 directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.

2.3. Turnover

Turnover derives from organisations based in the UK but operating on a worldwide basis. It comprises the invoiced value of sales attributable to the period net of VAT.

2.4. Taxation

The company is a wholly owned subsidiary of a registered charity and donates, by gift aid, all of its taxable profits to that charity. Accordingly it has no tax liability to corporation tax for the year or the previous year.

3. Average Number of Employees

Staff costs are shared with the parent company, there are no direct employees.

Average number of employees, including directors, during the year was: NIL (2024: NIL)

4. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	31,983	21,743
Amounts owed by group undertakings	16,917	-
Other debtors	21,740	19,263

	70,640	41,006

5. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Amounts owed to group undertakings	-	115,833
Other creditors	92,031	47,523

	92,031	163,356

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Seafarers Welfare And Assistance Network Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

6. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	1	1

7. Related Party Transactions

The company has taken advantage of the exemption in Financial Reporting Standard 102, section 33.1A, from the requirement to disclose transactions with group members on the grounds that the company is a 100% owned subsidiary.

8. FRC's Ethical Standard - Provision Available for Small Entities

In common with other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.

9. Ultimate Controlling Party

The company's ultimate controlling party is International Seafarers' Welfare and Assistance Network by virtue of his ownership of 100% of the issued share capital in the company.

10. Audit Information

The auditor's report on the accounts of Seafarers Welfare And Assistance Network Limited for the year ended 31 March 2025 was unqualified.

The auditor's report was signed by Jagdish Petha FCCA (Senior Statutory Auditor) for and on behalf of Sturgess Hutchinson (Leicester) Limited , Statutory Auditor.

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