Seamaw Limited

	Page
Accountants' Report	1
Balance Sheet	2
Notes to the Financial Statements	3—4

Report to the directors on the preparation of the unaudited statutory accounts of Seamaw Limited for the year ended 5 April 2026

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Seamaw Limited which comprise the Profit and Loss Account, the Balance Sheet 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 Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.

This report is made to the directors of Seamaw 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 Seamaw Limited and state those matters that we have agreed to state to the directors of Seamaw Limited , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Seamaw Limited and its directors as a body for our work or for this report.

It is your duty to ensure that Seamaw 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 or loss of Seamaw Limited . You consider that Seamaw 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 Seamaw 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 financial statements.

2 June 2026

Nuvo Scotland Limited

Bankhead Drive

City South Office Park

Portlethen

Aberdeen

AB12 4XX

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Seamaw Limited

Balance Sheet

As At 5 April 2026

Balance Sheet

Registered number: SC299835

		2026		2025
	Notes	£	£	£	£
CURRENT ASSETS
Cash at bank and in hand		84,876		99,331

		84,876		99,331
Creditors: Amounts Falling Due Within One Year	4	(21,764 )		(20,444 )

NET CURRENT ASSETS (LIABILITIES)			63,112		78,887

TOTAL ASSETS LESS CURRENT LIABILITIES			63,112		78,887

NET ASSETS			63,112		78,887

CAPITAL AND RESERVES
Called up share capital			10		10
Profit and Loss Account			63,102		78,877

SHAREHOLDERS' FUNDS			63,112		78,887

For the year ending 5 April 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

A Beaton

Director

1 June 2026

The notes on pages 3 to 4 form part of these financial statements.

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Seamaw Limited

Notes to the Financial Statements

For The Year Ended 5 April 2026

Notes to the Financial Statements

1. General Information

Seamaw Limited is a private company, limited by shares, incorporated in Scotland, registered number SC299835 . The registered office is 43 Downies Village, Portlethen, Aberdeenshire, AB12 4QX.

The presentation currency of the financial statements is the Pound Sterling (£).

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

The remaining director believes that the going concern basis is not appropriate following the death of Ian Beaton (former director) and the financial statements have been prepared on a winding up basis with the anticipation of a Members Voluntary Liquidation starting in the immediate post year-end period.

2.3. Financial Instruments

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include trade and other debtors and cash and bank balances are measured at transaction price including transaction costs.

Financial assets are derecognised when the contractual rights to cash flows from the asset expire or are settled or when the company transfers the risks and rewards of ownership to another entity.

Basic financial liabilities

Basic financial liabilities, which include trade and other creditors and bank loans payable within one year are not amortised and is recognised at transaction price.

Debt instruments are initially recognised at transaction price plus transaction cost and subsequently carried at amortised cost using the effective interest rate method.

Financial liabilities are derecognised when the company's contractual obligations are discharged.

Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs.

3. Average Number of Employees

Average number of employees, including directors, during the year was: NIL (2025: NIL)

4. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Accruals and deferred income	1,707	897
Directors' loan accounts	20,057	19,547

	21,764	20,444

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Seamaw Limited

Notes to the Financial Statements (continued)

For The Year Ended 5 April 2026

5. Directors Advances, Credits and Guarantees

Included within Creditors are the following loans to directors:

	As at 6 April 2025	Amounts advanced	Amounts repaid	Amounts written off	As at 5 April 2026
	£	£	£	£	£
Mr Ian Beaton	(19,547)	-	(510)	-	(20,057)

The above loan is interest free and has no fixed repayment terms.

6. Post Balance Sheet Events

The company is scheduled to enter a Members Voluntary Liquidation in the post year-end period.

7. Ultimate Controlling Party

The company's ultimate controlling party as of 30 January 2026 is the estate of the late Ian Beaton (2025: Ian Beaton) by virtue of it's ownership of 80% of the issued share capital in the company.

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