Company registration number 04473196 (England and Wales)
MARINE INVESTIGATIONS & SURVEY SERVICES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
PAGES FOR FILING WITH REGISTRAR
Faulkner House
Victoria Street
Rayner Essex LLP
St Albans
Chartered Accountants
Hertfordshire
AL1 3SE
MARINE INVESTIGATIONS & SURVEY SERVICES LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
MARINE INVESTIGATIONS & SURVEY SERVICES LIMITED
BALANCE SHEET
AS AT
30 JUNE 2025
30 June 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
4
1,604
1,292
Investment property
5
359,192
359,192
360,796
360,484
Current assets
Debtors
6
73,087
1,886
Investments
7
20,996
20,442
Cash at bank and in hand
284,596
455,178
378,679
477,506
Creditors: amounts falling due within one year
8
(5,288)
(22,762)
Net current assets
373,391
454,744
Net assets
734,187
815,228
Capital and reserves
Called up share capital
2
2
Profit and loss reserves
734,185
815,226
Total equity
734,187
815,228

For the financial year ended 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he 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 his responsibilities for complying with the requirements of the Companies Act 2006 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.

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 14 November 2025
J B Waite
Director
Company registration number 04473196 (England and Wales)
MARINE INVESTIGATIONS & SURVEY SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
- 2 -
1
Accounting policies
Company information

Marine Investigations & Survey Services Limited is a private company limited by shares incorporated in England and Wales. The registered office is Tavistock House South, Tavistock Square, London, WC1H 9LG.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that are recover able.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures, fittings and equipment
15% per annum reducing balance
Computer equipment
25% per annum reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Investment properties

Investment property, which is property held for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value a t the reporting end date. Changes in fair value are recognised in profit or loss.

1.5
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

MARINE INVESTIGATIONS & SURVEY SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
1
Accounting policies
(Continued)
- 3 -
1.6
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.7
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities.

1.8
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.9
Taxation

The tax expense represents the sum of the tax currently payable.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

MARINE INVESTIGATIONS & SURVEY SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
1
Accounting policies
(Continued)
- 4 -
1.10
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was 1 (202 4 - 1).

4
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 July 2024
20,886
Additions
792
At 30 June 2025
21,678
Depreciation and impairment
At 1 July 2024
19,594
Depreciation charged in the year
480
At 30 June 2025
20,074
Carrying amount
At 30 June 2025
1,604
At 30 June 2024
1,292
5
Investment property
2025
£
Fair value
At 1 July 2024 and 30 June 2025
359,192
MARINE INVESTIGATIONS & SURVEY SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
5
Investment property
(Continued)
- 5 -

Investment property comprises 26 Grand Parade, Plymouth. The fair value of the investment property currently equates to costs of acquisition and improvements.

The investment property has incurred some damage as a result of some neighbouring building work. The property has not been revalued as (1) the current value is uncertain, and (2) the company has won costs against the developer and so the property will be returned to its original condition with no loss in value.

6
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
49,021
-
0
Corporation tax recoverable
11,265
-
0
Other debtors
12,801
1,886
73,087
1,886
7
Current asset investments
2025
2024
£
£
Other investments
20,996
20,442
8
Creditors: amounts falling due within one year
2025
2024
£
£
Corporation tax
-
0
17,433
Other taxation and social security
-
0
463
Other creditors
5,288
4,866
5,288
22,762
2025-06-30 2024-07-01 false false false 14 November 2025 CCH Software CCH Accounts Production 2025.200 No description of principal activity J B Waite 1 04473196 2024-07-01 2025-06-30 04473196 2025-06-30 04473196 2024-06-30 04473196 core:OtherPropertyPlantEquipment 2025-06-30 04473196 core:OtherPropertyPlantEquipment 2024-06-30 04473196 core:CurrentFinancialInstruments core:WithinOneYear 2025-06-30 04473196 core:CurrentFinancialInstruments core:WithinOneYear 2024-06-30 04473196 core:ShareCapital 2025-06-30 04473196 core:ShareCapital 2024-06-30 04473196 core:RetainedEarningsAccumulatedLosses 2025-06-30 04473196 core:RetainedEarningsAccumulatedLosses 2024-06-30 04473196 bus:Director1 2024-07-01 2025-06-30 04473196 core:FurnitureFittings 2024-07-01 2025-06-30 04473196 core:ComputerEquipment 2024-07-01 2025-06-30 04473196 core:OtherPropertyPlantEquipment 2024-06-30 04473196 core:OtherPropertyPlantEquipment 2024-07-01 2025-06-30 04473196 2024-06-30 04473196 core:CurrentFinancialInstruments 2025-06-30 04473196 core:CurrentFinancialInstruments 2024-06-30 04473196 core:WithinOneYear 2025-06-30 04473196 core:WithinOneYear 2024-06-30 04473196 bus:PrivateLimitedCompanyLtd 2024-07-01 2025-06-30 04473196 bus:FRS102 2024-07-01 2025-06-30 04473196 bus:AuditExemptWithAccountantsReport 2024-07-01 2025-06-30 04473196 bus:SmallCompaniesRegimeForAccounts 2024-07-01 2025-06-30 04473196 bus:FullAccounts 2024-07-01 2025-06-30 xbrli:pure xbrli:shares iso4217:GBP