MCS Subsea Solutions Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: SC598073

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		12,056		10,745
Tangible Assets	5		5,332		1,972
Investments	6		1		1

			17,389		12,718
CURRENT ASSETS
Debtors	7	77,887		143,104
Cash at bank and in hand		9,595		11,728

		87,482		154,832
Creditors: Amounts Falling Due Within One Year	8	(1,299,759 )		(1,103,490 )

NET CURRENT ASSETS (LIABILITIES)			(1,212,277 )		(948,658 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(1,194,888 )		(935,940 )

NET LIABILITIES			(1,194,888 )		(935,940 )

CAPITAL AND RESERVES
Called up share capital	9		1		1
Profit and Loss Account			(1,194,889 )		(935,941 )

SHAREHOLDERS' FUNDS			(1,194,888)		(935,940)

Page 1

Page 2

MCS Subsea Solutions Limited

Balance Sheet (continued)

As At 31 December 2025

For the year ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

W A Bakr

Director

27th July 2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

MCS Subsea Solutions Limited is a private company, limited by shares, incorporated in Scotland, registered number SC598073 . The registered office is 28 Albyn Place, Aberdeen, AB10 1YL.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

These accounts have been prepared on the going concern basis, on the understanding that the directors and

shareholders will continue to financially support the company.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value

added tax and other sales taxes.

2.4. Intangible Fixed Assets and Amortisation - Intellectual Property

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less

any accumulated amortisation and any accumulated impairment costs.

Patents and licences are not being amortised and have a useful life of 20 years.

2.5. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if

held under a finance lease, over the lease term, whichever is the shorter:

Plant & Machinery	33% on cost
Fixtures & Fittings	20% on cost
Computer Equipment	33% on cost

2.6. Leasing and Hire Purchase Contracts

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

2.7. 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.

Page 3

Page 4

MCS Subsea Solutions Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

2.8. Pensions

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. Average Number of Employees

Average number of employees, including directors, during the period was 2 (2024: 3)

4. Intangible Assets

	Patents & licences
	£
Cost
As at 1 January 2025	10,745
Additions	1,311

As at 31 December 2025	12,056

Net Book Value
As at 31 December 2025	12,056

As at 1 January 2025	10,745

5. Tangible Assets

	Plant & Machinery	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 January 2025	97,256	-	8,157	105,413
Additions	-	5,924	-	5,924

As at 31 December 2025	97,256	5,924	8,157	111,337

Depreciation
As at 1 January 2025	95,722	-	7,719	103,441
Provided during the period	1,534	592	438	2,564

As at 31 December 2025	97,256	592	8,157	106,005

Net Book Value
As at 31 December 2025	-	5,332	-	5,332

As at 1 January 2025	1,534	-	438	1,972

Page 4

Page 5

MCS Subsea Solutions Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

6. Investments

	Unlisted
	£
Cost or Valuation
As at 1 January 2025	1

As at 31 December 2025	1

Provision
As at 1 January 2025	-

As at 31 December 2025	-

Net Book Value
As at 31 December 2025	1

As at 1 January 2025	1

7. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	-	101,716
Amounts owed by group undertakings	25,734	25,735
Other debtors	52,153	15,653

	77,887	143,104

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	2,565	15,205
Other loans	1,288,335	1,079,225
Other creditors	6,108	8,960
Taxation and social security	2,751	100

	1,299,759	1,103,490

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	1	1

10. Ultimate Controlling Party

The ultimate controlling party is Mr W A I Bakr, by virtue of his shareholding in the parent company.

The immediate parent company is Deep Tech for Oil Services, a company incorporated in Egypt.

Page 5