REGISTERED NUMBER: 10687313 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

DMH SUBSEA LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr D Halshaw

Mrs W S Halshaw

REGISTERED OFFICE:

8 Wallace Street

Barrow-In-Furness

Cumbria

LA14 1SL

REGISTERED NUMBER:

10687313 (England and Wales)

BANKERS:

Santander UK plc

225 Dalton Road

Barrow-in-Furness

Cumbria

LA14 1QU

FIXED ASSETS

Tangible assets

4

1,162

502

CURRENT ASSETS

Debtors

21,645

8,501

Cash at bank

4,394

5,047

26,039

13,548

CREDITORS

Amounts falling due within one year

20,737

12,785

NET CURRENT ASSETS

5,302

763

TOTAL ASSETS LESS CURRENT LIABILITIES

6,464

1,265

CAPITAL AND RESERVES

Called up share capital

5

2

2

Retained earnings

6,462

1,263

SHAREHOLDERS' FUNDS

6,464

1,265

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2025 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 November 2025 and were signed on its behalf by:

Mr D Halshaw - Director

1.	STATUTORY INFORMATION

DMH Subsea Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents net invoiced sales of services, excluding VAT.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

33% on cost

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2024

16,673

Additions

1,698

At 31 March 2025

18,371

DEPRECIATION

At 1 April 2024

16,171

Charge for year

1,038

At 31 March 2025

17,209

NET BOOK VALUE

At 31 March 2025

1,162

At 31 March 2024

502

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

1

Ordinary A

£1

1

1

1

Ordinary B

£1

1

1

2

2

6.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25

31.3.24

£

£

Mr D Halshaw

Balance outstanding at start of year

8,501

8,917

Amounts advanced

21,645

8,501

Amounts repaid

(8,501

)

(8,917

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

21,645

8,501

During the financial year the director was charged £335 (2024: £Nil) interest on the loan which is unsecured and repayable on demand.

7.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr and Mrs D Halshaw.