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Registered Number: 05587645
England and Wales
Unaudited Financial Statements
for the period ended 31 May 2026
for
SELSEA (BILLINGSGATE) LIMITED

Selsea (Billingsgate) Limited Contents Page For the Period 01 April 2025 to 31 May 2026
Statement of Financial Position | 1
Statement of Changes in Equity | 2
Notes to the Financial Statements | 3

Registered Number: 05587645 Selsea (Billingsgate) Limited Statement of Financial Position As at 31 May 2026
| Notes | 2026 £ |  | 2025 £
--- | --- | --- | --- | ---
Fixed assets |  |  |
Tangible fixed assets | 4 | 622 |  | 1,146
|  | 622 |  | 1,146
Current assets |  |  |
Stocks | 5 | 0 |  | 32,384
Debtors | 6 | 32,160 |  | 294,532
Cash at bank and in hand |  | 8,923 |  | 10,879
|  | 41,083 |  | 337,795
Creditors: amount falling due within one year | 7 | (26,529) |  | (243,571)
Net current assets |  | 14,554 |  | 94,224
Total assets less current liabilities |  | 15,176 |  | 95,370
Provisions for liabilities | 8 | (119) |  | (287)
Net assets |  | 15,057 |  | 95,083
Capital and reserves |  |  |
Called up share capital | 9 | 536 |  | 401
Share Premium Account | 10 | 124,866 |  | 0
Capital Redemption Reserve | 11 | (156,625) |  | (156,625)
Profit and loss account |  | 46,280 |  | 251,307
Shareholders' funds |  | 15,057 |  | 95,083
For the period ended 31 May 2026 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 period in question in accordance with section 476. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These 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 to the Registrar of Companies. The financial statements were approved by the director on 06 June 2026 and were signed by:
------------------------------- Celia Barbara FREIJE Director
1

Selsea (Billingsgate) Limited Statement of Changes in Equity For the Period 01 April 2025 to 31 May 2026
|  | Equity share capital |  | Capital redemption reserve |  | Retained Earnings |  | Total
| £ |  | £ |  | £ |  | £ |
At 01 April 2024 |  | 401 |  | (156,625) |  | 84,954 |  | (71,270)
Profit/(Loss) for the period |  |  |  |  |  | 176,353 |  | 176,353
Total comprehensive income for the period |  | - |  | - |  | 176,353 |  | 176,353
Dividends |  |  |  |  |  | (10,000) |  | (10,000)
Total investments by and distributions to owners |  | - |  | - |  | (10,000) |  | (10,000)
At 31 March 2025 |  | 401 |  | (156,625) |  | 251,307 |  | 95,083
At 01 April 2025 |  | 401 |  | (156,625) |  | 251,307 |  | 95,083
Profit/(Loss) for the period |  |  |  |  |  | (205,027) |  | (205,027)
Total comprehensive income for the period |  | - |  | - |  | (205,027) |  | (205,027)
Shares issued |  | 135 |  |  |  |  |  | 135
Share Premium - new issue |  |  |  |  |  |  |  | 124,866
Total investments by and distributions to owners |  | 135 |  | - |  | - |  | 125,001
At 31 May 2026 |  | 536 |  | (156,625) |  | 46,280 |  | 15,057
2

Selsea (Billingsgate) Limited Notes to the Financial Statements For the Period 01 April 2025 to 31 May 2026
General Information Selsea (Billingsgate) Limited is a private company, limited by shares, registered in England and Wales, registration number 05587645, registration address Office 60 Billingsgate Market, Trafalgar Way, London, E14 5ST. The presentation currency is £ sterling. The accounting period has been extended by 2 months to end on 31 May. Consequently, the financial statements cover a 14-month period, meaning the comparative figures for the previous 12-month period are not directly comparable.
1. | Accounting policies Significant accounting policies The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard) Change in accounting policy Changes to the accounts layout and terminology have occurred due to a change in accounting software. The changes have no effect on the overall figures. Details of changes are as follows: Directors Report and Accountants Report - Changes to wording to give greater clarity of responsibilities and work carried out. Retained earnings is now referred to as profit and loss account. Turnover Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. Government grants Government grants received are credited to deferred income. Grants towards capital expenditure are released to the income statement over the expected useful life of the assets. Grants received towards revenue expenditure are released to the income statement as the related expenditure is incurred. Operating lease rentals Rentals payable under operating leases are charged against income on a straight line basis over the lease term. At 31 May 2026, the company had total future minimum lease payments under non-cancellable operating leases of £34,593 Foreign currencies Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the statement of financial position date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the income statement. Taxation Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Current and deferred tax assets and liabilities are not discounted Deferred taxation Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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. Current and deferred tax assets and liabilities are not discounted. Dividends Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date. Tangible fixed assets Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery | 25% Straight Line
Fixtures and Fittings | 25% Straight Line
Computer Equipment | 25% Straight Line
Inventory Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Factored debts The company includes factored debts within trade debtors since most of the risks and rewards of ownership of the factored debts have not passed to the factors. A corresponding liability is included in liabilities in respect of the proceeds received from the factor. Provisions Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated. Financial instruments The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments. Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
2. | Average number of employees Average number of employees during the period was 6 (2025 : 6).
3. | Indebtedness The company has the following securities a legal assignment of contract monies, floating charge over all assets, debenture and a fixed charge on purchased debts which fail to vest, these are all held by the company's bank.
4. | Tangible fixed assets
Cost or valuation | Plant and Machinery |  | Fixtures and Fittings |  | Computer Equipment |  | Total
| £ |  | £ |  | £ |  | £
At 01 April 2025 | 12,607 |  | 971 |  | 4,567 |  | 18,145
Additions | - |  | - |  | 595 |  | 595
Disposals | (9,781) |  | (279) |  | (1,181) |  | (11,241)
At 31 May 2026 | 2,826 |  | 692 |  | 3,981 |  | 7,499
Depreciation
At 01 April 2025 | 12,607 |  | 971 |  | 3,421 |  | 16,999
Charge for period | - |  | - |  | 486 |  | 486
On disposals | (9,781) |  | (279) |  | (548) |  | (10,608)
At 31 May 2026 | 2,826 |  | 692 |  | 3,359 |  | 6,877
Net book values
Closing balance as at 31 May 2026 | - |  | - |  | 622 |  | 622
Opening balance as at 01 April 2025 | - |  | - |  | 1,146 |  | 1,146
5. | Stocks
| 2026 £ |  | 2025 £
--- | --- | --- | ---
Finished Goods | 0 |  | 32,384
| 0 |  | 32,384
6. | Debtors: amounts falling due within one year
| 2026 £ |  | 2025 £
--- | --- | --- | ---
Trade Debtors | 9,388 |  | 211,851
Other Debtors | 19,742 |  | 82,681
| 29,130 |  | 294,532
6. | Debtors: amounts falling due after one year
| 2026 £ |  | 2025 £
--- | --- | --- | ---
Other Debtors | 3,030 |  | 0
| 3,030 |  | 0
7. | Creditors: amount falling due within one year
| 2026 £ |  | 2025 £
--- | --- | --- | ---
Trade Creditors | 17,169 |  | 40,121
Bank Loans & Overdrafts | 0 |  | 138,555
Taxation and Social Security | 1,820 |  | 58,710
Other Creditors | 7,540 |  | 6,185
| 26,529 |  | 243,571
8. | Provisions for liabilities
| 2026 £ |  | 2025 £
--- | --- | --- | ---
Deferred Tax | 287 |  | 85
Charged to Profit & Loss | (168) |  | 202
| 119 |  | 287
9. | Share Capital
Allotted, called up and fully paid | 2026 £ |  | 2025 £
--- | --- | --- | ---
2,713 Class A Ordinary shares of £0.05 each | 136 |  | 1
4,000 Class B Non-Voting shares of £0.05 each | 200 |  | 200
4,000 Class C Non-Voting shares of £0.05 each | 200 |  | 200
| 536 |  | 401
By ordinary resolution on 5 March 2026 all classes of shares were sub-divided from 1 share of £1.00 into 20 shares of £0.05 each. The total nominal value of the issued share capital remained unaltered at this date. On 26 May 2026, the company issued 2,693 A Ordinary shares of £0.05 each for a total consideration of £125,000.00. This resulted in an increase to allotted share capital of £134.65 and a premium of £124,865.35 credited to the share premium account.
10. | Share Premium Account
| 2026 £ |  | 2025 £
--- | --- | --- | ---
Equity Share Premium - New Issue | 124,866 |  | 0
| 124,866 |  | 0
11. | Capital Redemption Reserve
| 2026 £ |  | 2025 £
--- | --- | --- | ---
Capital Redemption Reserve b/fwd | (156,625) |  | (156,625)
| (156,625) |  | (156,625)
3