REGISTERED NUMBER: 01546024 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

SEACHOICE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

C L B Niven

B H Houlihan

M McNamee

SECRETARIES:

Miss P D R Niven

Miss S E A Niven

Miss A P M Niven

REGISTERED OFFICE:

Mere House

Mill Lane

Frensham

Farnham

Surrey

GU10 3EB

REGISTERED NUMBER:

01546024 (England and Wales)

ACCOUNTANTS:

Seago and Stopps

Chartered Certified Accountants

61 Station Road

Sudbury

Suffolk

CO10 2SP

FIXED ASSETS

52,502

Tangible assets

4

55,686

140,426

Investments

5

140,426

192,928

196,112

CURRENT ASSETS

110,587

Debtors

6

108,918

115,891

Cash at bank and in hand

64,395

226,478

173,313

CREDITORS

98,624

Amounts falling due within one year

7

60,822

127,854

NET CURRENT ASSETS

112,491

320,782

TOTAL ASSETS LESS CURRENT LIABILITIES

308,603

CREDITORS

(214,905

)

Amounts falling due after more than one year

8

(213,580

)

(8,333

)

PROVISIONS FOR LIABILITIES

(8,520

)

97,544

NET ASSETS

86,503

CAPITAL AND RESERVES

100

Called up share capital

100

97,444

Retained earnings

86,403

97,544

SHAREHOLDERS' FUNDS

86,503

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 26 August 2026 and were signed on its behalf by:

C L B Niven - Director

1.	STATUTORY INFORMATION

Seachoice 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 represents the value of work completed and invoiced during the year and after taking into account the movement between the opening and closing trade debtor balances.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Building improvements

-20% on cost

Office equipment

-20% on cost

Cinema equipment

-20% on cost

Financial instruments

The company enters into basic financial instrument transactions, as appropriate and as and when required, that result in the recognition of financial assets and liabilities within the financial statemernts such as trade and other accounts receivable and payable, bank loans and hire purchase and lease contracts.

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Investments

Fixed asset investments are stated at cost.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Building

Fixtures

Totals

improvements

& fittings

£

£

£

COST

At 1 January 2025

122,748

9,201

9,487

Additions

26,518

-

-

At 31 December 2025

149,266

9,201

9,487

DEPRECIATION

At 1 January 2025

70,246

9,201

1,896

Charge for year

23,334

-

1,897

At 31 December 2025

93,580

9,201

3,793

NET BOOK VALUE

At 31 December 2025

55,686

-

5,694

At 31 December 2024

52,502

-

7,591

Office

Motor

Cinema

equipment

vehicles

equipment

£

£

£

COST

At 1 January 2025

37,854

-

66,206

Additions

8,930

4,000

13,588

At 31 December 2025

46,784

4,000

79,794

DEPRECIATION

At 1 January 2025

29,377

-

29,772

Charge for year

4,479

1,000

15,958

At 31 December 2025

33,856

1,000

45,730

NET BOOK VALUE

At 31 December 2025

12,928

3,000

34,064

At 31 December 2024

8,477

-

36,434

5.	FIXED ASSET INVESTMENTS

31.12.25

31.12.24

£

£

Investments

140,426

140,426

Additional information is as follows:

Other

investments

£

COST

At 1 January 2025

and 31 December 2025

500

NET BOOK VALUE

At 31 December 2025

500

At 31 December 2024

500

Investments (neither listed nor unlisted) were as follows:

31.12.25

31.12.24

£

£

Loan Colne Bar Properties Ltd

139,926

139,926

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade debtors

43,715

48,475

Other debtors

65,203

62,112

108,918

110,587

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Bank loans and overdrafts

4,575

6,524

Trade creditors

34,135

46,985

Taxation and social security

4,677

1,538

Other creditors

17,435

43,577

60,822

98,624

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.25

31.12.24

£

£

Bank loans

30,202

34,277

Other creditors

183,378

180,628

213,580

214,905

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

11,902

8,181