ACCOUNTS - Final Accounts

Registered number: 05578856

Nautilus (GB) Limited

Unaudited

Financial statements

Information for filing with the registrar

For the Year Ended 31 December 2024

Nautilus (GB) Limited

Registered number: 05578856

Balance Sheet

As at 31 December 2024

		2024		2023
Note		£		£

Fixed assets
Intangible assets	3		5,980		8,970
			5,980		8,970
Current assets
Debtors: amounts falling due within one year	6	506,371		508,296
		506,371		508,296
Creditors: amounts falling due within one year	7	(103,146)		(103,096)
Net current assets			403,225		405,200
Total assets less current liabilities			409,205		414,170

Net assets			409,205		414,170

Capital and reserves
Called up share capital	8	283,136	283,136
Share premium account	9	2,066,031	2,066,031
Profit and loss account	9	(1,939,962)	(1,934,997)
		409,205	414,170

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Nautilus (GB) Limited

Registered number: 05578856

Balance Sheet (continued)

As at 31 December 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 5 November 2025.

Mr Jose Calixto

Director

The notes on pages 3 to 7 form part of these financial statements.

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Nautilus (GB) Limited

Notes to the Financial Statements

For the Year Ended 31 December 2024

1.	General information

The Company is a limited company registered in England with its registered office set out in the Directors report.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The preparation of financial statements in compliance with FRS 102A requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

2.2

Going concern

The directors of Nautilus (GB) Limited have reviewed the resources available, and believe that the Company has adequate resources to continue in operational existence for the foreseeable future.
Accordingly, the directors believe that it is appropriate to continue to adopt the going concern basis in preparing the financial statements.

2.3

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

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Nautilus (GB) Limited

Notes to the Financial Statements

For the Year Ended 31 December 2024

2.Accounting policies (continued)

2.4

Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

				Plant and machinery	-	20%	straight line
				Fixtures and fittings	-	25%	straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.5

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of Comprehensive Income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

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Nautilus (GB) Limited

Notes to the Financial Statements

For the Year Ended 31 December 2024

3.	Intangible assets

		Other intangible assets
		£
	Cost
	At 1 January 2024	59,800
	At 31 December 2024	59,800
	Amortisation
	At 1 January 2024	50,830
	Charge for the year on owned assets	2,990
	At 31 December 2024	53,820
	Net book value
	At 31 December 2024	5,980
	At 31 December 2023	8,970

4.	Tangible fixed assets

	Plant and machinery	Fixtures and fittings	Total
	£	£	£
Cost or valuation
At 1 January 2024	56,775	8,931	65,706
At 31 December 2024	56,775	8,931	65,706
Depreciation
At 1 January 2024	56,775	8,931	65,706
At 31 December 2024	56,775	8,931	65,706
Net book value
At 31 December 2024	-	-	-
At 31 December 2023	-	-	-

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Nautilus (GB) Limited

Notes to the Financial Statements

For the Year Ended 31 December 2024

5.	Fixed asset investments

		Investments in subsidiary companies
		£
	Cost or valuation
	At 1 January 2024	1
	At 31 December 2024	1
	Impairment
	At 1 January 2024	1
	At 31 December 2024	1
	Net book value
	At 31 December 2024	-
	At 31 December 2023	-

Subsidiary undertakings
The Following subsidiary undertakings of the Company:
Name Class of shares Holding Principal activity
Nautilus (NI) Limited Ordinary 100% Marketing and development of
anti counterfeiting security solutions.

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Nautilus (GB) Limited

Notes to the Financial Statements

For the Year Ended 31 December 2024

Debtors

					2024	2023
					£	£


Amounts owed by group undertakings	506,371	508,296
	506,371	508,296

7.	Creditors: Amounts falling due within one year
		2024	2023
		£	£

Other creditors	61,590	61,590
Accruals and deferred income	41,556	41,506
	103,146	103,096

8.	Share capital
		2024	2023
		£	£

Allotted, called up and fully paid

283,136 (2023 - 283,136) Ordinary share shares of £1.00 each	283,136	283,136

Reserves

Share premium account

The balance includes any premiums received on issue of share capital. Any transaction costs associated with the issuing of shares are deducted from share premium.

Profit and loss account

The balance includes all current and prior period retained profits and losses.

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