REGISTERED NUMBER: 12948472 (England and Wales)

VIASEA SHIPPING LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

M Pettersen

REGISTERED OFFICE:

Mariner House

Trondheim Way

Stallingborough

Lincolnshire

DN41 8FD

REGISTERED NUMBER:

12948472 (England and Wales)

AUDITORS:

Dexter & Sharpe Audit Services Ltd

(Statutory Auditor)

Rollestone House

Bridge Street

Horncastle

Lincolnshire

LN9 5HZ

FIXED ASSETS

Tangible assets

3

7,110

8,042

CURRENT ASSETS

Debtors

4

47,204

37,083

Cash at bank

51,123

44,501

98,327

81,584

CREDITORS

Amounts falling due within one year

5

12,381

10,775

NET CURRENT ASSETS

85,946

70,809

TOTAL ASSETS LESS CURRENT LIABILITIES

93,056

78,851

PROVISIONS FOR LIABILITIES

1,351

-

NET ASSETS

91,705

78,851

CAPITAL AND RESERVES

Called up share capital

80,000

80,000

Retained earnings

11,705

(1,149

)

91,705

78,851

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 director and authorised for issue on 16 April 2026 and were signed by:

M Pettersen - Director

1.	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.

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 the cost less estimated residual value of each asset over its estimated useful life.

Computer equipment

-

20% on reducing balance

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.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

2.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2024 - 4 ) .

3.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 January 2025

13,047

Additions

785

At 31 December 2025

13,832

DEPRECIATION

At 1 January 2025

5,005

Charge for year

1,717

At 31 December 2025

6,722

NET BOOK VALUE

At 31 December 2025

7,110

At 31 December 2024

8,042

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

30,307

25,806

Other debtors

16,897

11,277

47,204

37,083

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

4,999

496

Taxation and social security

1,336

5,070

Other creditors

6,046

5,209

12,381

10,775

6.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Mrs Nicola Michelle Lenton FCCA (Senior Statutory Auditor)

for and on behalf of Dexter & Sharpe Audit Services Ltd

7.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Iain Robert Liddell, Shareholder.

The company is controlled by it's parent company, GB Global Holdco PTE. Ltd, a company registered in Singapore.