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

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

Geomac Limited is a private company limited by shares incorporated in England and Wales. The registered office is Numeric House, 98 Station Road, Sidcup, Kent, DA15 7BY.

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

Atruet the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company is supported by its directors who will ensure to meet the companies liabilities as they fall due. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Revenue refers to amounts earned from the Company's principal activity; the operation of marina's.

Revenue is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.

Revenue from the marina's is recognised on a monthly or weekly basis based on the rental amounts for each marina. When income is received in advance for the year this is recognised as a liability and released to income on a weekly or monthly basis.

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Investments in subsidiaries are accounted for in accordance with the cost model and recorded at cost less

any accumulated impairment losses.

Dividends and other distributions received from the investment are recognised as income without regard to

whether the distributions are from accumulated profits of the associate arising before or after the date of

acquisition.

Investments in jointly controlled entities accounted for in accordance with the cost model are recorded at

cost less any accumulated impairment losses.

Investments in jointly controlled entities accounted for in accordance with the fair value model are initially

recorded at the transaction price. At each reporting date, the investments are measured at fair value, with

changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to

measure fair value reliably the cost model will be adopted.

Dividends and other distributions received from the investment are recognised as income without regard to

whether the distributions are from accumulated profits of the joint venture arising before or after the date

of acquisition.

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

The stock is valued at the lower of cost and net realisable value on a first in first out basis.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Financial instruments are classified and accounted for, according to the substance of the contractual

arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is

any contract that evidences a residual interest in the assets of the company after deducting all of its

liabilities.

The tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

Contributions to defined contribution plans are recognised as an expense in the period in which the related

service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will

lead to a reduction in future payments or a cash refund.

When contributions are not expected to be settled wholly within 12 months of the end of the reporting date

in which the employees render the related service, the liability is measured on a discounted present value

basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which

it arises.

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Significant judgements

The judgements (apart from those involving estimations) that management has made in the process of applying the entity's accounting policies and that have the most significant effect on the amounts recognised in the financial statements are as follows:

Bad debt provision

Provision is made for bad debts. This requires management's best estimate of the value of payments expected to be received in the future. In addition, the timing of the cash flows requires management's judgement.

Fair Value of property

Provision is made for the impairment or uplift in the value of the properties to show them at the current market value. This requires a third party valuation to confirm the current value.

There are no material estimates and assumptions.

The average monthly number of persons (including directors) employed by the company during the year was:

The following assets are carried at valuation. If the assets were measured using the cost model, the carrying amounts would be as follows:

National Westminster Bank Plc has a debenture over all the assets of the company in addition to legal charges over Lower Foxhangers Farm Marina and Northwich Marina.

The following are the major deferred tax liabilities and assets recognised by the company and movements thereon:

The profit and loss account records retained earnings and accumulated losses. Included in the profit and loss reserves are non distributable amounts of £576,575.

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006.

The auditor's report is unqualified.

On 15th January 2026 the company sold a marina which is held in Land & Buildings for proceeds of £5.5 million. Subsequent to this funds from the disposal were used to repay a bank loan of £4,240,053.

No adjustment is required to the reported assets or liabilities as the sale and repayment occurred after the year end.

During the year the company entered into the following transactions with related parties:

At the year end the company owed £2,831,617 (2024: £2,621,460) to MHJ Limited. Geomac Limited is related by the virtue that they are under the control of the same Directors being J A Maclean and R E Melhuish.

At the year end the company owed £10,229 (2024: £3,722) to Land & Water Group and £2,715 (2024: £889) to Land & Water Services. The companies are related as they are both under the control of the same directors.

During the year sales were made to MHJ Limited of £64,933 (2024: £320,947) and purchases were made from £146,135 (2024: £12,450).

During the year purchases were made to Land & Water Plant Limited of £6,676 (2024: £3,300).

During the year purchases were made from Land & Water Remediation Limited of £3,609 (2024: £14,238).

During the year purchases were made from Land & Water Services Limited of £25,242 (2024: £258,445).

During the year sales were made to Land and Water Group Limited of £11,271 (2024: £16,984) and purchases were made from them of £139,142 (2024: £188,735).

All loans were made interest free and are repayable on demand.

All transactions are at market value.

The following amounts were outstanding at the reporting end date:

During the year the company was under control of R E Melhuish by virtue of his majority shareholding in Geomac Limited.