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Company No: 08089996 (England and Wales)

# DA GAMA MARITIME LIMITED

### Unaudited Financial Statements
For the financial year ended 31 December 2025
Pages for filing with the registrar

DA GAMA MARITIME LIMITED

## Unaudited Financial Statements

For the financial year ended 31 December 2025

Contents

DA GAMA MARITIME LIMITED

## COMPANY INFORMATION

For the financial year ended 31 December 2025
DA GAMA MARITIME LIMITED

## COMPANY INFORMATION (continued)

For the financial year ended 31 December 2025

Directors | S R Monk
| W J Monk

Registered office | Unit A3
| Chichester Marina
| Birdham
| PO20 7EJ
| United Kingdom

Company number | 08089996 (England and Wales)

Accountant | Kreston Reeves LLP
| 9 Donnington Park
| 85 Birdham Road
| Chichester
| West Sussex
| PO20 7AJ

## ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF
THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF DA GAMA MARITIME LIMITED

For the financial year ended 31 December 2025

## ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF
THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF DA GAMA MARITIME LIMITED (continued)

For the financial year ended 31 December 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Da Gama Maritime Limited for the financial year ended 31 December 2025 which comprise the Balance Sheet and the related notes 1 to 8 from the Company’s accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/regulation.

This report is made solely to the Board of Directors of Da Gama Maritime Limited, as a body, in accordance with the terms of our engagement letter dated 11 March 2026. Our work has been undertaken solely to prepare for your approval the financial statements of Da Gama Maritime Limited and state those matters that we have agreed to state to the Board of Directors of Da Gama Maritime Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Da Gama Maritime Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Da Gama Maritime Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Da Gama Maritime Limited. You consider that Da Gama Maritime Limited is exempt from the statutory audit requirement for the financial year.

We have not been instructed to carry out an audit or a review of the financial statements of Da Gama Maritime 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 statutory financial statements.

Kreston Reeves LLP

9 Donnington Park
85 Birdham Road
Chichester
West Sussex
PO20 7AJ

22 June 2026

DA GAMA MARITIME LIMITED

## BALANCE SHEET

As at 31 December 2025
DA GAMA MARITIME LIMITED

## BALANCE SHEET (continued)

As at 31 December 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Tangible assets | 3 | 6,597 |  | 4,984
|  | 6,597 |  | 4,984
Current assets |  |  |  |
Debtors | 4 | 68,057 |  | 56,788
Cash at bank and in hand |  | 448,542 |  | 408,357
|  | 516,599 |  | 465,145
Creditors: amounts falling due within one year | 5 | ( 186,564) |  | ( 183,285)
Net current assets |  | 330,035 |  | 281,860
Total assets less current liabilities |  | 336,632 |  | 286,844
Provision for liabilities | 6 | ( 1,570) |  | ( 1,183)
Net assets |  | 335,062 |  | 285,661
Capital and reserves |  |  |  |
Called-up share capital | 7 | 101 |  | 101
Profit and loss account |  | 334,961 |  | 285,560
Total shareholders' funds |  | 335,062 |  | 285,661

For the financial year ending 31 December 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 Da Gama Maritime Limited (registered number: 08089996) were approved and authorised for issue by the Board of Directors on 20 June 2026. They were signed on its behalf by:

S R Monk Director |

DA GAMA MARITIME LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2025
DA GAMA MARITIME LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2025

##### 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

Da Gama Maritime 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 Unit A3, Chichester Marina, Birdham, PO20 7EJ, 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 £.

##### Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.
Exchange differences are recognised in the Statement of Income and Retained Earnings in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

##### Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

##### Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

##### Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Statement of Income and Retained Earnings in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

##### 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 current tax rates and laws. Deferred tax assets and liabilities are not discounted.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

##### 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 or reducing balance basis over its expected useful life, as follows:

Fixtures and fittings | 25 % reducing balance
Computer equipment | 5 years straight line
Other property, plant and equipment | 5 years straight line

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.
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

##### Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.
Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

##### Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

##### Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

##### Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

##### 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.

##### Ordinary share capital

The ordinary share capital of the Company is presented as equity.

##### Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including directors | 7 |  | 7

#### 3. Tangible assets

| Fixtures and fittings |  | Computer equipment |  | Other property, plant and equipment |  | Total
| £ |  | £ |  | £ |  | £
Cost |  |  |  |  |  |  |
At 01 January 2025 | 9,712 |  | 29,090 |  | 92,162 |  | 130,964
Additions | 1,344 |  | 2,321 |  | 0 |  | 3,665
At 31 December 2025 | 11,056 |  | 31,411 |  | 92,162 |  | 134,629
Accumulated depreciation |  |  |  |  |  |  |
At 01 January 2025 | 7,848 |  | 25,970 |  | 92,162 |  | 125,980
Charge for the financial year | 643 |  | 1,409 |  | 0 |  | 2,052
At 31 December 2025 | 8,491 |  | 27,379 |  | 92,162 |  | 128,032
Net book value |  |  |  |  |  |  |
At 31 December 2025 | 2,565 |  | 4,032 |  | 0 |  | 6,597
At 31 December 2024 | 1,864 |  | 3,120 |  | 0 |  | 4,984

#### 4. Debtors

| 2025 |  | 2024
| £ |  | £
Trade debtors | 40,931 |  | 40,352
Prepayments and accrued income | 7,434 |  | 1,801
Other debtors | 19,692 |  | 14,635
| 68,057 |  | 56,788

#### 5. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Trade creditors | 46,029 |  | 37,242
Accruals and deferred income | 81,873 |  | 86,533
Taxation and social security | 48,091 |  | 47,676
Other creditors | 10,571 |  | 11,834
| 186,564 |  | 183,285

#### 6. Provision for liabilities

| 2025 |  | 2024
| £ |  | £
Deferred tax | 1,570 |  | 1,183

| Deferred taxation |  | Total
| £ |  | £
At 01 January 2025 | 1,183 |  | 1,183
Charged to the Statement of Income and Retained Earnings | 387 |  | 387
At 31 December 2025 | 1,570 |  | 1,570

Deferred tax

| 2025 |  | 2024
| £ |  | £
Accelerated capital allowances | 1,650 |  | 1,246
Other timing differences | ( 80) |  | ( 63)
Provision for deferred tax | 1,570 |  | 1,183

#### 7. Called-up share capital

| 2025 |  | 2024
| £ |  | £
Allotted, called-up and fully-paid |  |  |
100 Ordinary shares of £ 1.00 each | 100 |  | 100
1 Ordinary B share of £ 1.00 | 1 |  | 1
| 101 |  | 101

#### 8. Financial commitments

Commitments

| 2025 |  | 2024
| £ |  | £
Total future minimum lease payments under non-cancellable operating leases | 55,803 |  | 2,339