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Registered number: 16539290
BLUE SEA CITY INVESTMENTS LIMITED
FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2025
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BLUE SEA CITY INVESTMENTS LIMITED
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COMPANY INFORMATION
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J Humbria Correia de Sousa Brazao
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R Humbria Correia de Sousa Brazao
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Chartered Accountants & Statutory Auditors
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BLUE SEA CITY INVESTMENTS LIMITED
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CONTENTS
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Statement of Financial Position
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Notes to the Financial Statements
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BLUE SEA CITY INVESTMENTS LIMITED
REGISTERED NUMBER:16539290
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STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2025
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Debtors: amounts falling due within one year
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Creditors: amounts falling due within one year
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Net current (liabilities)/assets
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The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.
The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.
The financial statements were approved and authorised for issue by the board and were signed on its behalf on 20 July 2026.
J Humbria Correia de Sousa Brazao
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The notes on pages 2 to 5 form part of these financial statements.
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BLUE SEA CITY INVESTMENTS LIMITED
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2025
Blue Sea City Investments Limited is a limited liability company registered in England and Wales. Its registered office address is at 7.6 Stirling Court, Marshall Street, London, W1F 9BD.
The principal activity of the Company during the year was that of an investment holding company.
The financial statements are presented in £ sterling, which is the functional currency of the Company.
The Company was incorporated and started trading on 24 June 2025.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The following principal accounting policies have been applied:
The Company made a loss for the year and at the balance sheet date has net current liabilities and net liabilities. The Directors have obtained assurance from the shareholders that funds will be made available to the company so that it will be able to carry on trading and meet its financial obligations as and when they fall due for at least twelve months from the date the accounts are approved. The accounts have been prepared under going concern on this basis.
Interest income is recognised in profit or loss using the effective interest method.
Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.
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BLUE SEA CITY INVESTMENTS LIMITED
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2025
2.Accounting policies (continued)
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.
Depreciation is provided on the following basis:
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Long-term leasehold property
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The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
The Company only enters into transactions that result in basic financial instruments such as trade and other debtors, trade and other creditors, cash at bank and in hand, loans to related parties.
Trade debtors, other debtors and loans to related parties are recognised initially at the transaction price less attributable transaction costs. Trade creditors, other creditors and loans from related parties are recognised initially at transaction price plus attributable transaction costs. Subsequently they are measured at amortised cost using the effective interest method, less any impairment losses
in the case of trade and other debtors, and loans to related parties.
Interest bearing borrowings, such as bank loans, classified as basic financial instruments are recognised initially at the present value of future payments discounted at a market rate of interest. Thereafter they are stated at amortised cost using the effective interest method.
Cash and cash equivalents comprise cash balances and call deposits.
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The average monthly number of employees, including directors, during the period was 2.
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BLUE SEA CITY INVESTMENTS LIMITED
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2025
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Long-term leasehold property
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Charge for the period on owned assets
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Prepayments and accrued income
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Creditors: Amounts falling due within one year
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Amounts owed to group undertakings
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Other taxation and social security
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Accruals and deferred income
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BLUE SEA CITY INVESTMENTS LIMITED
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2025
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Allotted, called up and fully paid
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1,000 Ordinary shares of £1.00 each
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Upon incorporation 1,000 Ordinary shares of £1 each were issued for £1,000.
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Related party transactions
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The Company's immediate parent undertaking is Humbria Investimentos SGPS S.A., incorporated in Portugal. The registered address of the parent company is Escritório Central, Quinta do Milharó, Olhos de Água, 8200-591 Albufeira, Portugal.
The ultimate controlling party is J Humbria Correia de Sousa Brazao by virtue of his controlling shareholding in the parent company.
The results of Blue Sea City Investments Limited are included in the consolidated accounts of the parent company.
During the period, the Company received funding from its parent undertaking by way of an intercompany loan. The balance outstanding at the period end, included in amounts owed to group undertakings, was £5,920,806. The loan is interest free and repayable on demand
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The auditors' report on the financial statements for the period ended 31 December 2025 was unqualified.
The audit report was signed on 20 July 2026 by Hazel Young FCCA (Senior Statutory Auditor) on behalf of Sopher + Co LLP.
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