Company No: 12083057 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Intangible assets	3	28,912		39,675
Tangible assets	4	3,140		3,386
		32,052		43,061
Current assets
Debtors	5	420		1,848
Cash at bank and in hand		3,140		9,044
		3,560		10,892
Creditors: amounts falling due within one year	6	( 157,164)		( 69,540)
Net current liabilities		(153,604)		(58,648)
Total assets less current liabilities		(121,552)		(15,587)
Net liabilities		( 121,552)		( 15,587)
Capital and reserves
Called-up share capital		100		100
Profit and loss account		( 121,652 )		( 15,687 )
Total shareholders' deficit		( 121,552)		( 15,587)

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.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• 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; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Geoserve Solutions UK Limited (registered number: 12083057) were approved and authorised for issue by the Board of Directors on 29 April 2026. They were signed on its behalf by:

S Francis Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Geoserve Solutions UK Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Lowin House, Tregolls Road, Truro, TR1 2NA, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors note that the business has net liabilities of £121,552. The Company is supported through loans from the directors and the Parent Company. The directors have received assurances that these loan facilities will continue to be available for at least 12 months from the date of signing these financial statements, and both the directors and the Parent Company will continue to support the Company. After making enquiries, the directors believe that any foreseeable debts can be met for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the Balance Sheet date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the Balance Sheet date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Computer software

5 years straight line

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line, reducing balance] basis over its expected useful life, as follows:

Office equipment

20 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	3		1

3. Intangible assets

	Computer software		Total
	£		£
Cost
At 01 August 2024	65,851		65,851
Additions	2,800		2,800
At 31 July 2025	68,651		68,651
Accumulated amortisation
At 01 August 2024	26,176		26,176
Charge for the financial year	13,563		13,563
At 31 July 2025	39,739		39,739
Net book value
At 31 July 2025	28,912		28,912
At 31 July 2024	39,675		39,675

4. Tangible assets

	Office equipment		Total
	£		£
Cost
At 01 August 2024	7,733		7,733
Additions	498		498
At 31 July 2025	8,231		8,231
Accumulated depreciation
At 01 August 2024	4,347		4,347
Charge for the financial year	744		744
At 31 July 2025	5,091		5,091
Net book value
At 31 July 2025	3,140		3,140
At 31 July 2024	3,386		3,386

5. Debtors

	2025		2024
	£		£
Other debtors	420		1,848

6. Creditors: amounts falling due within one year

	2025		2024
	£		£
Amounts owed to Parent undertakings	79,281		0
Other taxation and social security	2,620		0
Other creditors	75,263		69,540
	157,164		69,540

7. Events after the Balance Sheet date

On 25 September 2025, the company changed its name from ShincShex Limited to Geoserve Solutions UK Limited.

8. Ultimate controlling party

Parent Company:

GeoServe Holdings Ltd

Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, MH96960, Marshall Islands