REGISTERED NUMBER: 07698235 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

FOR

DIVE NEWQUAY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J J Taylor

Mrs E L Taylor

REGISTERED OFFICE:

Bryndon House

5-7 Berry Road

Newquay

Cornwall

TR7 1AD

REGISTERED NUMBER:

07698235 (England and Wales)

ACCOUNTANTS:

Whitakers

Chartered Accountants

Bryndon House

5/7 Berry Road

Newquay

Cornwall

TR7 1AD

FIXED ASSETS

Tangible assets

4

3,400

-

CURRENT ASSETS

Debtors

5

90

-

Cash at bank

597

13,656

687

13,656

CREDITORS

Amounts falling due within one year

6

9,533

11,907

NET CURRENT (LIABILITIES)/ASSETS

(8,846

)

1,749

TOTAL ASSETS LESS CURRENT LIABILITIES

(5,446

)

1,749

CREDITORS

Amounts falling due after more than one year

7

-

5,834

NET LIABILITIES

(5,446

)

(4,085

)

CAPITAL AND RESERVES

Called up share capital

8

57,100

57,100

Retained earnings

(62,546

)

(61,185

)

SHAREHOLDERS' FUNDS

(5,446

)

(4,085

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Board of Directors and authorised for issue on 13 July 2026 and were signed on its behalf by:

J J Taylor - Director

1.	STATUTORY INFORMATION

Dive Newquay Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	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 each asset over its estimated useful life.

Dive Equipment

-

15% 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Dive

Equipment

£

COST

Additions

4,000

At 31 October 2025

4,000

DEPRECIATION

Charge for year

600

At 31 October 2025

600

NET BOOK VALUE

At 31 October 2025

3,400

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.25

31.10.24

£

£

Trade debtors

90

-

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.25

31.10.24

£

£

Bank loans and overdrafts

8,382

10,000

Trade creditors

-

1,134

Directors' current accounts

761

-

Accrued expenses

390

773

9,533

11,907

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.10.25

31.10.24

£

£

Bank loans

-

5,834

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.10.25

31.10.24

value:

£

£

57,100

Ordinary

1

57,100

57,100

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2025 and 31 October 2024:

31.10.25

31.10.24

£

£

J J Taylor

Balance outstanding at start of year

-

4,296

Amounts advanced

-

56,255

Amounts repaid

(761

)

-

Amounts written off

-

(60,551

)

Amounts waived

-

-

Balance outstanding at end of year

(761

)

-

The directors loan accounts of £60,551 as at 12 August 2024 were written off by the shareholders on 31 October 2024 as a result of them having insufficient funds available to repay the loans to the company, now and in the foreseeable future. The loans were advanced to the directors in their capacity as shareholders.

10.	ULTIMATE CONTROLLING PARTY

During the year, the company was controlled jointly by Mr & Mrs Taylor, by virtue of the fact that they own 100% of the company's issued ordinary share capital.