Company No: 08164796 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Intangible assets	3	67,050		67,050
Tangible assets	4	1,004		1,004
		68,054		68,054
Current assets
Cash at bank and in hand		725		725
		725		725
Creditors: amounts falling due within one year	5	( 127,198)		( 127,198)
Net current liabilities		(126,473)		(126,473)
Total assets less current liabilities		(58,419)		(58,419)
Net liabilities		( 58,419)		( 58,419)
Capital and reserves
Called-up share capital	6	100		100
Profit and loss account		( 58,519 )		( 58,519 )
Total shareholders' deficit		( 58,419)		( 58,419)

North Sea Systems Ltd (registered number: 08164796) did not trade during the current or preceding financial year and has made neither profit nor loss, nor any other comprehensive income. There have been no movements in shareholders’ funds during the current or preceding financial year and therefore no Statement of Changes in Equity has been included. For the financial year ending 31 December 2025 the Company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Director's responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of North Sea Systems Ltd (registered number: 08164796) were approved and authorised for issue by the Director on 16 July 2026. They were signed on its behalf by:

D C Rigg Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

North Sea Systems Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Ground Floor Centenary House, Peninsula Park, Rydon Lane, Exeter, EX2 7XE, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Other intangible assets

not amortised

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line, reducing balance] basis over its expected useful life, as follows:

Plant and machinery etc.

not depreciated

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including the director	1		1

3. Intangible assets

	Other intangible assets		Total
	£		£
Cost
At 01 January 2025	152,000		152,000
At 31 December 2025	152,000		152,000
Accumulated amortisation
At 01 January 2025	84,950		84,950
At 31 December 2025	84,950		84,950
Net book value
At 31 December 2025	67,050		67,050
At 31 December 2024	67,050		67,050

4. Tangible assets

	Plant and machinery etc.		Total
	£		£
Cost
At 01 January 2025	4,365		4,365
At 31 December 2025	4,365		4,365
Accumulated depreciation
At 01 January 2025	3,361		3,361
At 31 December 2025	3,361		3,361
Net book value
At 31 December 2025	1,004		1,004
At 31 December 2024	1,004		1,004

5. Creditors: amounts falling due within one year

	2025		2024
	£		£
Trade creditors	5,806		5,806
Other taxation and social security	1,017		1,017
Other creditors	120,375		120,375
	127,198		127,198

6. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each	100		100