REGISTERED NUMBER: 04304143 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2025

for

Nautical Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr C B Gray

SECRETARY:

Mr C B Gray

REGISTERED OFFICE:

Brunel House

11 The Promenade

Clifton Down

Bristol

BS8 3NG

REGISTERED NUMBER:

04304143 (England and Wales)

ACCOUNTANTS:

Wormald & Partners

Chartered Accountants (ICAEW)

Brunel House

11 The Promenade

Clifton Down

Bristol

BS8 3NG

FIXED ASSETS

Tangible assets

4

1

1

CURRENT ASSETS

Debtors

5

56

72,000

Cash at bank

68,048

65,845

68,104

137,845

CREDITORS

Amounts falling due within one year

6

14,611

59,288

NET CURRENT ASSETS

53,493

78,557

TOTAL ASSETS LESS CURRENT LIABILITIES

53,494

78,558

CAPITAL AND RESERVES

Called up share capital

7

2

2

Retained earnings

8

53,492

78,556

SHAREHOLDERS' FUNDS

53,494

78,558

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 director acknowledges his 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 director and authorised for issue on 16 September 2026 and were signed by:

Mr C B Gray - Director

1.	STATUTORY INFORMATION

Nautical 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.

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.

Computer equipment

-

33.33% on reducing balance basis

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - 1 ).

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 January 2025

and 31 December 2025

271

DEPRECIATION

At 1 January 2025

and 31 December 2025

270

NET BOOK VALUE

At 31 December 2025

1

At 31 December 2024

1

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

-

72,000

Other debtors

56

-

56

72,000

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Taxation

165

19,848

Social security and other taxes

684

23,283

Directors' current accounts

12,747

14,727

Accruals & deferred income

1,015

1,430

14,611

59,288

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

2

Ordinary

1

2

2

8.

RESERVES

Retained

earnings

£

At 1 January 2025

78,556

Deficit for the year

(64

)

Dividends

(25,000

)

At 31 December 2025

53,492

9.	RELATED PARTY DISCLOSURES

During the year, total dividends of £25,000 were paid to the director .

During the year the company received commissions amounting to £23,000 (2024: £116,600) from Land & Development Brokers Limited, a company controlled by Mr C B Gray.