REGISTERED NUMBER: SC431015 (Scotland)

Unaudited Financial Statements for the Year Ended 30 November 2025

for

Seafari Adventures (Oban) Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr M A HIll

Mrs J Hill

REGISTERED OFFICE:

101 Easdale Island

Oban

Argyll and Bute

PA34 4TB

REGISTERED NUMBER:

SC431015 (Scotland)

ACCOUNTANTS:

Benson Accountants

Wiza House

Station Road

Wigton

Cumbria

CA7 9BA

FIXED ASSETS

Tangible assets

4

62,026

63,135

CURRENT ASSETS

Debtors

5

109,136

98,611

Cash at bank

29,338

38,136

138,474

136,747

CREDITORS

Amounts falling due within one year

6

116,697

114,863

NET CURRENT ASSETS

21,777

21,884

TOTAL ASSETS LESS CURRENT LIABILITIES

83,803

85,019

CREDITORS

Amounts falling due after more than one year

7

-

5,797

NET ASSETS

83,803

79,222

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

83,703

79,122

83,803

79,222

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 12 August 2026 and were signed on its behalf by:

Mr M A HIll - Director

Mrs J Hill - Director

1.	STATUTORY INFORMATION

Seafari Adventures (Oban) Ltd is a private company, limited by shares , registered in Scotland. 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.

Plant and machinery

-

15% on reducing balance

Computer equipment

-

33% on cost

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Freehold

Plant and

Computer

property

machinery

equipment

Totals

£

£

£

£

COST

At 1 December 2024

55,483

66,682

1,800

123,965

Additions

-

317

-

317

At 30 November 2025

55,483

66,999

1,800

124,282

DEPRECIATION

At 1 December 2024

-

59,470

1,360

60,830

Charge for year

-

1,129

297

1,426

At 30 November 2025

-

60,599

1,657

62,256

NET BOOK VALUE

At 30 November 2025

55,483

6,400

143

62,026

At 30 November 2024

55,483

7,212

440

63,135

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/11/25

30/11/24

£

£

Other debtors

109,136

98,611

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/11/25

30/11/24

£

£

Bank loans and overdrafts

6,129

10,648

Other creditors

110,568

104,215

116,697

114,863

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30/11/25

30/11/24

£

£

Bank loans

-

5,797

8.	SECURED DEBTS

The Royal Bank of Scotland PLC holds a floating charge over all the property or undertakings of the company.

9.	RELATED PARTY DISCLOSURES

The directors of the company are also partners in the partnership, Seafari Adventures. During the year the company entered into market value transactions with the partnership.

During the year the directors held a loan account with the company. At the balance sheet date the company owed the directors £727 (2024: £3,251). During the year the directors made advances of £2,524 (2024: £6,013) and repayments to the company of £nil (2024: £8,500).

The ultimate controlling party is Mr M A & Mrs J Hill.