Registration number: 12923107

Bad Seas Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Statement of Changes in Equity	4
Notes to the Unaudited Financial Statements	5 to 9

Bad Seas Limited

Company Information

Director

Mr D Benson

Registered office

24 Bruce Close Deal Kent CT14 9BU

Bad Seas Limited

(Registration number: 12923107)
Balance Sheet as at 31 October 2025

	Note	2025 £	2024 £
Fixed assets
Intangible assets	4	15,000	21,500
Tangible assets	5	18,478	21,738
		33,478	43,238
Current assets
Debtors	6	25	-
Cash at bank and in hand		287	953
		312	953
Creditors: Amounts falling due within one year	7	(105,512)	(105,515)
Net current liabilities		(105,200)	(104,562)
Net liabilities		(71,722)	(61,324)
Capital and reserves
Called up share capital	8	4	4
Profit and loss account (non-distributable)		-	2,349
Retained earnings		(71,726)	(63,677)
Shareholders' deficit		(71,722)	(61,324)

Bad Seas Limited

(Registration number: 12923107)
Balance Sheet as at 31 October 2025

For the financial year ending 31 October 2025 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 year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 14 July 2026
 

......................................... Mr D Benson Director

Bad Seas Limited

Statement of Changes in Equity for the Year Ended 31 October 2025

	Share capital £	Profit and loss account (non-distributable) £	Retained earnings £	Total £
At 1 November 2024	4	2,349	(63,677)	(61,324)
Loss for the year	-	-	(10,398)	(10,398)
Total comprehensive income	-	-	(10,398)	(10,398)
Transfers	-	(2,349)	2,349	-
At 31 October 2025	4	-	(71,726)	(71,722)

	Share capital £	Profit and loss account (non-distributable) £	Retained earnings £	Total £
At 1 November 2023	4	2,349	(58,887)	(56,534)
Loss for the year	-	-	(4,790)	(4,790)
At 31 October 2024	4	2,349	(63,677)	(61,324)

Bad Seas Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

1	General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
24 Bruce Close
Deal
Kent
CT14 9BU
England

These financial statements were authorised for issue by the director on 14 July 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Bad Seas Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and machinery	33% straight line
Office equipment	33% straight line

Intangible assets

Separately acquired trademarks and licences are shown at fair market value.

Trademarks, licences (including software) and customer-related intangible assets acquired in a business combination are recognised at fair value at the acquisition date.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Bad Seas Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2024 - 1).

4	Intangible assets

	Licenses  £	Total £
Cost or valuation
At 1 November 2024	21,500	21,500
Fair value adjustment	(6,500)	(6,500)
At 31 October 2025	15,000	15,000
Amortisation
Carrying amount
At 31 October 2025	15,000	15,000
At 31 October 2024	21,500	21,500

Bad Seas Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

5	Tangible assets

	Plant and machinery £	Office equipment £	Total £
Cost or valuation
At 1 November 2024	41,318	624	41,942
At 31 October 2025	41,318	624	41,942
Depreciation
At 1 November 2024	19,580	624	20,204
Charge for the year	3,260	-	3,260
At 31 October 2025	22,840	624	23,464
Carrying amount
At 31 October 2025	18,478	-	18,478
At 31 October 2024	21,738	-	21,738

6

Debtors

Current	2025 £	2024 £
Other debtors	25	-
	25	-

Bad Seas Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

7

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Other related parties		105,212	105,012
Taxation and social security		-	3
Other creditors		300	500
		105,512	105,515

8	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary share of £1 each	2	2	2	2
Ordinary A share of £1 each	1	1	1	1
Ordinary B share of £1 each	1	1	1	1
	4	4	4	4