Navicula Ltd

	Page
Abridged Balance Sheet	1—2
Notes to the Abridged Financial Statements	3—4

Registered number: 12354313

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Investments	4		3,424,237		3,424,237

			3,424,237		3,424,237
CURRENT ASSETS
Debtors		44,161		34,976
Cash at bank and in hand		5,179		4,384

		49,340		39,360
Creditors: Amounts Falling Due Within One Year		(1,405,319 )		(1,353,855 )

NET CURRENT ASSETS (LIABILITIES)			(1,355,979 )		(1,314,495 )

TOTAL ASSETS LESS CURRENT LIABILITIES			2,068,258		2,109,742

NET ASSETS			2,068,258		2,109,742

CAPITAL AND RESERVES
Called up share capital	5		950		950
Capital redemption reserve			1,000		1,000
Profit and Loss Account			2,066,308		2,107,792

SHAREHOLDERS' FUNDS			2,068,258		2,109,742

Page 1

Page 2

Navicula Ltd

Abridged Balance Sheet (continued)

As At 30 September 2025

For the year ending 30 September 2025 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.

All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 30 September 2025 in accordance with section 444(2A) of the Companies Act 2006.

On behalf of the board

Mr John Anthony Bigos

Director

23/06/2026

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

1. General Information

Navicula Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12354313 . The registered office is Church House, Church Street, Godalming, Surrey, GU7 1EW.

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.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 4 (2024: 4)

4. Investments

	Total
	£
Cost or Valuation
As at 1 October 2024	3,424,237

As at 30 September 2025	3,424,237

Provision
As at 1 October 2024	-

As at 30 September 2025	-

Net Book Value
As at 30 September 2025	3,424,237

As at 1 October 2024	3,424,237

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the

company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking - Duck Tours International Limited (10882670)

Registered office - Church House, Church Street, Godalming, Surrey, GU7 1EW, United Kingdom

Holding - Ordinary shares

Proportion of voting rights and shares held: 2025 - 100%, 2024 - 100%

Undertaking - B. & D. Clays and Chemicals Limited (01181514)

Registered office - Church House, Church Street, Godalming, Surrey, GU7 1EW, United Kingdom

Holding - Ordinary shares

Proportion of voting rights and shares held: 2025 - 100%, 2024 - 100%

5. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	950	950

Page 3

Page 4

Navicula Ltd

Notes to the Abridged Financial Statements (continued)

For The Year Ended 30 September 2025

6. Related Party Transactions

Summary of transactions with other related parties

Included within other creditors is an amount of £1,397,365 (2024: £1,352,595). £1,392,365 (2024: £1,347,595) is due to companies connected through common ownership; a further £5,000 (2024: £5,000) is also due to Duck Tours International Limited, a wholly owned subsidiary of the company.

Included within other debtors is an amount of £34,748 (2024: £34,748) due from B&D Clays and Chemicals Limited, a wholly owned subsidiary of the company.

During the year, the company was charged interest on loans provided by an entity under common control. The interest, which totalled £223,401 (2024: £228,179), was waived for commercial and business reasons.

There are no repayment terms in place.

The company paid a dividend of nil (2024: £5,000) to its shareholders during the year.

Page 4