REGISTERED NUMBER: 12973082 (England and Wales)

Unaudited Financial Statements for the Year Ended 31st October 2025

for

COLLECTING SEASHELLS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mrs C H Wilson

REGISTERED OFFICE:

89 Leigh Road

Eastleigh

Hampshire

SO50 9DQ

REGISTERED NUMBER:

12973082 (England and Wales)

ACCOUNTANTS:

Graham Martin & Co

Accountants

89 Leigh Road

Eastleigh

Hampshire

SO50 9DQ

FIXED ASSETS

Tangible assets

4

5,985

2,791

CURRENT ASSETS

Stocks

28,163

21,411

Debtors

5

4,271

565

Cash at bank

28,876

11,188

61,310

33,164

CREDITORS

Amounts falling due within one year

6

85,623

114,100

NET CURRENT LIABILITIES

(24,313

)

(80,936

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(18,328

)

(78,145

)

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

(18,329

)

(78,146

)

(18,328

)

(78,145

)

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

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

The director acknowledges her 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 31st July 2026 and were signed by:

Mrs C H Wilson - Director

1.	STATUTORY INFORMATION

Collecting Seashells 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.

At 31 October 2025 the company's liabilities exceeded its assets by £18,328. These accounts have been prepared on the going concern basis as the director has confirmed that she will continue to provide additional financial support for a minimum 12 month period from the date of approval of these financial statements together with support from related companies.

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.

Plant and machinery etc

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st November 2024

5,839

Additions

5,188

At 31st October 2025

11,027

DEPRECIATION

At 1st November 2024

3,048

Charge for year

1,994

At 31st October 2025

5,042

NET BOOK VALUE

At 31st October 2025

5,985

At 31st October 2024

2,791

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

319

90

Other debtors

3,952

475

4,271

565

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

31,718

10,967

Taxation and social security

418

2,255

Other creditors

53,487

100,878

85,623

114,100

7.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

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

2025

2024

£

£

Mrs C H Wilson

Balance outstanding at start of year

55,449

43,491

Amounts advanced

44,273

22,779

Amounts repaid

(96,379

)

(10,821

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

3,343

55,449

8.	RELATED PARTY DISCLOSURES

At the start of the year the company owed £44,588 to Campeador Sports Management Limited, a company under common control . During the year, a further £55,561 was loaned to the company and and £88,500 was repaid. As at 31st October 2025, the company owed Campeador Sports Management Limited £11,649. The loan is unsecured and interest free.

During the year £36,000 was loaned to the company by Capital Fleet Solutions Limited, a company under common control and remained outstanding at the year end. The loan is unsecured and interest free.

9.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mrs C H Wilson.