REGISTERED NUMBER: SC479272 (Scotland)

JRB Subsea Ltd

Financial Statements For The Year Ended 30 June 2026

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mrs L Boyd

Mr J R Boyd

REGISTERED OFFICE:

35 Duff Street

Hopeman

Moray

IV30 5RZ

REGISTERED NUMBER:

SC479272 (Scotland)

ACCOUNTANTS:

The Long Partnership

4 North Guildry Street

Elgin

Moray

IV30 1JR

BANKERS:

Santander

Bridle Road

Bootle

Merseyside

L30 4GB

FIXED ASSETS

Tangible assets

4

-

168

CURRENT ASSETS

Debtors

5

611

3,655

Cash at bank

8

7,397

619

11,052

CREDITORS

Amounts falling due within one year

6

2,493

2,934

NET CURRENT (LIABILITIES)/ASSETS

(1,874

)

8,118

TOTAL ASSETS LESS CURRENT LIABILITIES

(1,874

)

8,286

CAPITAL AND RESERVES

Called up share capital

7

120

120

Retained earnings

8

(1,994

)

8,166

SHAREHOLDERS' FUNDS

(1,874

)

8,286

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2026 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 25 August 2026 and were signed on its behalf by:

Mr J R Boyd - Director

1.	STATUTORY INFORMATION

JRB Subsea 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.

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% 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2025 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 July 2025

2,297

Disposals

(2,297

)

At 30 June 2026

-

DEPRECIATION

At 1 July 2025

2,129

Charge for year

131

Eliminated on disposal

(2,260

)

At 30 June 2026

-

NET BOOK VALUE

At 30 June 2026

-

At 30 June 2025

168

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.26

30.6.25

£

£

Other debtors

611

3,655

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.26

30.6.25

£

£

Taxation and social security

-

27

Other creditors

2,493

2,907

2,493

2,934

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.26

30.6.25

value:

£

£

80

Ordinary

1

80

80

20

A Ordinary

1

20

20

20

B Ordinary

1

20

20

120

120

8.

RESERVES

Retained

earnings

£

At 1 July 2025

8,166

Deficit for the year

(10,160

)

At 30 June 2026

(1,994

)

9.	RELATED PARTY DISCLOSURES

At 30 June 2025 the company owed the directors £363. During the year the directors met expenses of £1,200 on behalf of the company. At 30 June 2026 the company owed the directors £1,563. This loan is interest free and has no fixed terms of repayment.