Company No: 12271759 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

Directors	A M Fitzgerald
	S A Fitzgerald

Registered office	Springfield House
	Springfield Road
	Horsham
	RH12 2RG
	United Kingdom

Company number

12271759 (England and Wales)

Accountant	Kreston Reeves LLP
	Springfield House
	Springfield Road
	Horsham
	West Sussex
	RH12 2RG

	Note	2025		2024
		£		£
Fixed assets
Investments	3	155,667		155,667
		155,667		155,667
Creditors: amounts falling due within one year	4	( 91,903)		( 100,463)
Net current liabilities		(91,903)		(100,463)
Total assets less current liabilities		63,764		55,204
Net assets		63,764		55,204
Capital and reserves
Called-up share capital		2		2
Profit and loss account		63,762		55,202
Total shareholders' funds		63,764		55,204

For the financial 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.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• 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; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Flood Tide Ltd (registered number: 12271759) were approved and authorised for issue by the Board of Directors on 25 November 2025. They were signed on its behalf by:

A M Fitzgerald Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Flood Tide Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Springfield House, Springfield Road, Horsham, RH12 2RG, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £1.

Group accounts exemption

Group accounts exemption s399
The Company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the Company as an individual entity and not about its group.

Dividend income

Dividend income from investments is recognised when the shareholders' rights to receive payment have been established (provided that it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably).

Fixed asset investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

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.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial liabilities
Basic financial liabilities, including creditors and loans from fellow group companies, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. 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.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	2		2

3. Fixed asset investments

Investments in subsidiaries

	2025
	£
Cost
At 01 April 2024	155,667
At 31 March 2025	155,667
Carrying value at 31 March 2025	155,667
Carrying value at 31 March 2024	155,667

4. Creditors: amounts falling due within one year

	2025		2024
	£		£
Amounts owed to Group undertakings	7,598		17,598
Amounts owed to directors	82,865		81,485
Accruals	1,440		1,380
	91,903		100,463

Amounts owed to Group undertakings are repayable on demand and do not bear interest.

5. Related party transactions

Directors
During the year the directors continued to provide a loan to the company. The loan is interest free and repayable on demand. At the year end the amount due to the directors was £82,865 (2024 - £81,485).

H C Darley & Son Limited
(Subsidiary)
During the year H C Darley & Son Limited continued to provide a loan to the company. The loan is interest free and repayable on demand. At the year end the amount due to H C Darley & Son Limited was £7,598 (2024 - £17,598).