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REGISTERED NUMBER: 05510321 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025

FOR

SHEARWATER GEOPHYSICAL COMPANY LIMITED

SHEARWATER GEOPHYSICAL COMPANY LIMITED (REGISTERED NUMBER: 05510321)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2025

Page |

Abridged Balance Sheet | 1 |

Notes to the Financial Statements | 3 |

SHEARWATER GEOPHYSICAL COMPANY LIMITED (REGISTERED NUMBER: 05510321)

ABRIDGED BALANCE SHEET

31 JULY 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 242,151 |  | 251,016 |  |

CURRENT ASSETS

Debtors | 2,095 |  | 484 |  |

Cash at bank | 54,755 |  | 58,228 |  |

56,850 |  | 58,712 |  |

CREDITORS

Amounts falling due within one year | 2,686 |  | 146 |  |

NET CURRENT ASSETS | 54,164 |  | 58,566 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 296,315 |  | 309,582 |  |

PROVISIONS FOR LIABILITIES | - |  | 370 |  |

NET ASSETS | 296,315 |  | 309,212 |  |

CAPITAL AND RESERVES

Called up share capital | 5 | 10 |  | 10 |  |

Retained earnings | 296,305 |  | 309,202 |  |

SHAREHOLDERS' FUNDS | 296,315 |  | 309,212 |  |

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

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

The director acknowledges his 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.

SHEARWATER GEOPHYSICAL COMPANY LIMITED (REGISTERED NUMBER: 05510321)

ABRIDGED BALANCE SHEET - continued

31 JULY 2025

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 Income Statement and an abridged Balance Sheet for the year ended 31 July 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the director and authorised for issue on 25 February 2026 and were signed by:

N Jones - Director

SHEARWATER GEOPHYSICAL COMPANY LIMITED (REGISTERED NUMBER: 05510321)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2025

1. | STATUTORY INFORMATION

| Shearwater Geophysical Company Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

| Registered number: | 05510321

| Registered office: | 1 Church Terrace

| Second Floor

| Richmond

| Surrey

| TW10 6SE

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.

| The financial statements have been prepared on a going concern basis.

| Turnover

| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

| Tangible fixed assets

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

| Freehold property | - | 2% on cost

| Plant and machinery | - | 20% on cost

| Office equipment | - | 25% on cost

| 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.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 1 (2024 - 1 ) .

SHEARWATER GEOPHYSICAL COMPANY LIMITED (REGISTERED NUMBER: 05510321)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 JULY 2025

4. | TANGIBLE FIXED ASSETS

| Totals

£ |

| COST

| At 1 August 2024

| and 31 July 2025 | 446,978 |  |

| DEPRECIATION

| At 1 August 2024 | 195,962 |  |

| Charge for year | 8,865 |  |

| At 31 July 2025 | 204,827 |  |

| NET BOOK VALUE

| At 31 July 2025 | 242,151 |  |

| At 31 July 2024 | 251,016 |  |

5. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2025 | 2024 |

| value: | £ | £ |

| 10 | Ordinary | £1.00 | 10 |  | 10 |  |