Company registration number SC392959 (Scotland)
Reuss Subsea Limited
Unaudited financial statements
for the year ended 30 April 2025
Pages for filing with registrar
Reuss Subsea Limited
Chartered Accountants' report to the board of directors on the preparation of the
unaudited statutory financial statements of Reuss Subsea Limited
1

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Reuss Subsea Limited for the year ended 30 April 2025 which comprise, the statement of financial position and the related notes from the company’s accounting records and from information and explanations you have given us.

As a practising member firm of the I CAS we are subject to its ethical and other professional requirements which are detailed at https://www.icas.com/professional-resources/practice/support-and-guidance/framework-for-the-preparation-of-accounts-revised-j une-20 20.

This report is made solely to the b oard of d irectors of Reuss Subsea Limited, as a body, in accordance with the terms of our engagement letter dated 16 June 2011. Our work has been undertaken solely to prepare for your approval the financial statements of Reuss Subsea Limited and state those matters that we have agreed to state to the b oard of d irectors of Reuss Subsea Limited, as a body, in this report in accordance with the requirements of the ICAS as detailed at https://icas.com/icas-framework-preparation-of-accounts. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Reuss Subsea Limited and its b oard of d irectors as a body, for our work or for this report.

It is your duty to ensure that Reuss Subsea Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Reuss Subsea Limited. You consider that Reuss Subsea Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Reuss Subsea Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory f inancial statements.

James Milne
Chartered Accountants
5 Bon Accord Square
Aberdeen
AB11 6XZ
21 January 2026
Reuss Subsea Limited
Statement of financial position
at 30 April 2025
2
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
2
1,000
2,740
Current assets
Debtors
7,885
5,530
Cash at bank and in hand
35,646
97,992
43,531
103,522
Creditors: amounts falling due within one year
(5,133)
(6,023)
Net assets
38,398
97,499
Net assets
39,398
100,239
Provisions for liabilities
-
0
(521)
Net assets
39,398
99,718
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
39,298
99,618
Total equity
39,398
99,718

In accordance with section 444 of the Companies Act 2006, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

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

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.

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.

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

Reuss Subsea Limited
Statement of financial position (continued)
at 30 April 2025
3
The financial statements were approved by the board of directors and authorised for issue on 20 January 2026 and are signed on its behalf by:
Michael Reuss-Newland
Director
Company Registration No. SC392959
Reuss Subsea Limited
Notes to the financial statements
for the year ended 30 April 2025
4
1
Accounting policies
Company information

Reuss Subsea Limited is a private company limited by shares incorporated in Scotland. The registered office is Aisling Cottage, Ardivot, Lossiemouth, Moray, IV31 6RY.

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.

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

1.2
Turnover

Turnover represents revenue recognised in the accounts. Revenue is recognised when the business fulfils its contractual obligations to customers by supplying goods and services, plus value added tax charged at the relevant rate less value added tax payable to HM Revenue & Customs under the flat rate scheme for small businesses.

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:

Computers
3 years straight line

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
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to the items recognised in the other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement 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.

Reuss Subsea Limited
Notes to the financial statements (continued)
for the year ended 30 April 2025
1
Accounting policies (continued)
5
1.5
Retirement benefits

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

2
Tangible fixed assets
Total
£
Cost
At 1 May 2024 and 30 April 2025
5,213
Depreciation and impairment
At 1 May 2024
2,473
Depreciation charged in the year
1,740
At 30 April 2025
4,213
Carrying amount
At 30 April 2025
1,000
At 30 April 2024
2,740
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