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REGISTERED NUMBER: 12048021 (England and Wales)

| UNAUDITED FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 30 JUNE 2025 |

| FOR |

| SEA SCOPE LTD |

| SEA SCOPE LTD (REGISTERED NUMBER: 12048021) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| SEA SCOPE LTD |

COMPANY INFORMATION

FOR THE YEAR ENDED 30 JUNE 2025

| DIRECTORS: | P Meredith

| Ms M Meredith

| REGISTERED OFFICE: | 15 West Street

| Brighton

| East Sussex

| BN1 2RL

| REGISTERED NUMBER: | 12048021 (England and Wales)

| ACCOUNTANTS: | Galloways Accounting (Hove) Limited

| 15 West Street

| Brighton

| East Sussex

| BN1 2RL

| SEA SCOPE LTD (REGISTERED NUMBER: 12048021) |

BALANCE SHEET

30 JUNE 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | - |  | 849,195 |  |

Investment property | 5 | 1,275,000 |  | - |  |

1,275,000 |  | 849,195 |  |

CURRENT ASSETS

Debtors | 6 | 25,628 |  | 20,932 |  |

Cash at bank | 23,075 |  | 3,860 |  |

48,703 |  | 24,792 |  |

CREDITORS

Amounts falling due within one year | 7 | 714,440 |  | 715,484 |  |

NET CURRENT LIABILITIES | (665,737 | ) | (690,692 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 609,263 |  | 158,503 |  |

CREDITORS

Amounts falling due after more than one year | 8 | (129,890 | ) | (122,756 | ) |

PROVISIONS FOR LIABILITIES | (106,451 | ) | - |  |

NET ASSETS | 372,922 |  | 35,747 |  |

CAPITAL AND RESERVES

Called up share capital | 100 |  | 100 |  |

Fair value reserve | 10 | 319,354 |  | - |  |

Retained earnings | 53,468 |  | 35,647 |  |

372,922 |  | 35,747 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

| SEA SCOPE LTD (REGISTERED NUMBER: 12048021) |

BALANCE SHEET - continued

30 JUNE 2025

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 December 2025 and were signed on its behalf by:

P Meredith - Director

| SEA SCOPE LTD (REGISTERED NUMBER: 12048021) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

1. | STATUTORY INFORMATION

| Sea Scope Ltd 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 as modified by the revaluation of certain assets.

| Tangible fixed assets

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

| Improvements to property | - | 10% on cost

| Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

| Investment property

| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

| Investment property, which is property held to earn rentals and/or 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 at the reporting end date. The surplus or deficit on revaluation is recognised in profit or loss and then transferred to a revaluation reserve.

| Financial instruments

| Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

| Current or deferred taxation assets and liabilities are not discounted.

| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

| SEA SCOPE LTD (REGISTERED NUMBER: 12048021) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 JUNE 2025

2. | ACCOUNTING POLICIES - continued

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

| Going concern

| After reviewing the company's forecasts, the directors believe that the company has adequate resources to continue in operational existence for a period of at least 12 months from the date of the approval of these financial statements. Therefore, the directors have concluded that the going concern basis of preparation of these financial statements remains appropriate.

| Turnover

| Turnover represents the following types of income

| Rental income

| Income from the sale of properties

| All income is recognised on a receivable basis.

3. | EMPLOYEES AND DIRECTORS

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

4. | TANGIBLE FIXED ASSETS

| Improvements |

| Freehold |  | to |

| property |  | property |  | Totals

£ | £ | £ |

| COST

| At 1 July 2024 | 842,438 |  | 11,401 |  | 853,839 |  |

| Reclassification/transfer | (842,438 | ) | (6,757 | ) | (849,195 | ) |

| At 30 June 2025 | - |  | 4,644 |  | 4,644 |  |

| DEPRECIATION

| At 1 July 2024

| and 30 June 2025 | - |  | 4,644 |  | 4,644 |  |

| NET BOOK VALUE

| At 30 June 2025 | - |  | - |  | - |  |

| At 30 June 2024 | 842,438 |  | 6,757 |  | 849,195 |  |

| SEA SCOPE LTD (REGISTERED NUMBER: 12048021) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 JUNE 2025

5. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| Revaluations | 425,805 |  |

| Reclassification/transfer | 849,195 |  |

| At 30 June 2025 | 1,275,000 |  |

| NET BOOK VALUE

| At 30 June 2025 | 1,275,000 |  |

| Fair value at 30 June 2025 is represented by:

£ |

| Valuation in 2025 | 425,805 |  |

| Cost | 849,195 |  |

1,275,000 |  |

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade debtors | 1,560 |  | 1,257 |  |

| Amounts owed by associates | 24,068 |  | 19,675 |  |

25,628 |  | 20,932 |  |

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Bank loans and overdrafts | - |  | 4,369 |  |

| Amounts owed to associates | 446,028 |  | 446,028 |  |

| Tax | 4,724 |  | 5,165 |  |

| Directors' loan accounts | 261,768 |  | 258,180 |  |

| Accrued expenses | 1,920 |  | 1,742 |  |

714,440 |  | 715,484 |  |

8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2025 | 2024 |

£ | £ |

| Bank loans - >1 year | 129,890 |  | 122,756 |  |

| SEA SCOPE LTD (REGISTERED NUMBER: 12048021) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 JUNE 2025

9. | SECURED DEBTS

| The following secured debts are included within creditors:

2025 | 2024 |

£ | £ |

| Bank loans | 129,890 |  | 127,125 |  |

| There are fixed and floating charges in place over the company's assets as security in relation to the bank loans.

10. | RESERVES

| Fair

| value

| reserve

£ |

| Transfer between reserves | 319,354 |  |

| At 30 June 2025 | 319,354 |  |

11. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

| During the year, P Meredith increased his loan to the company. As at 30 June 2025, the company owed him £261,768 (2024: £258,180).

| This balance represents the maximum amount outstanding during the year and the loan is interest free and repayable on demand.

12. | ULTIMATE CONTROLLING PARTY

| The ultimate controlling party is P Meredith.

| This was by virtue of his 100% holding of the issued share capital.