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Registration number: SC666683

POD Subsea Contractors Limited
Annual Report and Unaudited Financial Statements
for the Year Ended 31 July 2025

POD Subsea Contractors Limited

Contents

Company Information | 1
Director's Report | 2
Accountants' Report | 3
Profit and Loss Account | 4
Statement of Comprehensive Income | 5
Balance Sheet | 6
Statement of Changes in Equity | 7
Notes to the Unaudited Financial Statements | 8 to 9

POD Subsea Contractors Limited

Company Information

Director | Mr Peter O'Doherty

Registered office | The Neuk 4 Lower Soroba Oban Argyll PA34 4SB

Accountants | Jack MacDonald & Co Cuan Aille 1 Aldersyde Taynuilt Argyll PA35 1AG

POD Subsea Contractors Limited

Director's Report for the Year Ended 31 July 2025

The director presents his report and the financial statements for the year ended 31 July 2025.

Director of the company

The director who held office during the year was as follows:

Mr Peter O'Doherty

Principal activity

The principal activity of the company is marine contracting

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 2 February 2026

......................................... Mr Peter O'Doherty Director

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
POD Subsea Contractors Limited
for the Year Ended 31 July 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of POD Subsea Contractors Limited for the year ended 31 July 2025 as set out on pages 4 to 9 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of POD Subsea Contractors Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of POD Subsea Contractors Limited and state those matters that we have agreed to state to the Board of Directors of POD Subsea Contractors Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than POD Subsea Contractors Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that POD Subsea Contractors Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of POD Subsea Contractors Limited. You consider that POD Subsea Contractors 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 accounts of POD Subsea Contractors 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 accounts.

......................................
Jack MacDonald & Co
Cuan Aille
1 Aldersyde
Taynuilt
Argyll
PA35 1AG

2 February 2026

POD Subsea Contractors Limited

Profit and Loss Account for the Year Ended 31 July 2025

| Note | 2025 £ | 2024 £
Turnover |  | 4,249 | 7,583
Cost of sales |  | - | (1,282)
Gross profit |  | 4,249 | 6,301
Administrative expenses |  | (2,811) | (6,648)
Operating profit/(loss) |  | 1,438 | (347)
Profit/(loss) before tax |  | 1,438 | (347)
Profit/(loss) for the financial year |  | 1,438 | (347)

The above results were derived from continuing operations.

The company has no recognised gains or losses for the year other than the results above.

POD Subsea Contractors Limited

Statement of Comprehensive Income for the Year Ended 31 July 2025

| 2025 £ | 2024 £
Profit/(loss) for the year | 1,438 | (347)
Total comprehensive income for the year | 1,438 | (347)

POD Subsea Contractors Limited

(Registration number: SC666683)
Balance Sheet as at 31 July 2025

| Note | 2025 £ | 2024 £
Current assets |  |  |
Cash at bank and in hand |  | 196 | 233
Creditors: Amounts falling due within one year | 3 | (1,024) | (2,499)
Net liabilities |  | (828) | (2,266)
Capital and reserves |  |  |
Called up share capital | 4 | 100 | 100
Retained earnings |  | (928) | (2,366)
Shareholders' deficit |  | (828) | (2,266)

For the financial year ending 31 July 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

Approved and authorised by the director on 2 February 2026

......................................... Mr Peter O'Doherty Director

POD Subsea Contractors Limited

Statement of Changes in Equity for the Year Ended 31 July 2025

| Share capital £ | Retained earnings £ | Total £
At 1 August 2024 | 100 | (2,366) | (2,266)
Profit for the year | - | 1,438 | 1,438
At 31 July 2025 | 100 | (928) | (828)

| Share capital £ | Retained earnings £ | Total £
At 1 August 2023 | 100 | (2,019) | (1,919)
Loss for the year | - | (347) | (347)
At 31 July 2024 | 100 | (2,366) | (2,266)

POD Subsea Contractors Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

1 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

2 | Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2024 - 1).

POD Subsea Contractors Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

3 | Creditors

Creditors: amounts falling due within one year

| 2025 £ | 2024 £
Due within one year |  |
Other creditors | 1,024 | 2,499

4 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary of £1 each | 100 | 100 | 100 | 100