ACCOUNTS - Final Accounts preparation

Registered number: 11829799

POSEIDON DEVELOPMENTS LTD

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 28 FEBRUARY 2026

POSEIDON DEVELOPMENTS LTD

REGISTERED NUMBER: 11829799

BALANCE SHEET

AS AT 28 FEBRUARY 2026

		2026		2025
Note		£		£

Fixed assets
Tangible assets	4		15,844		35,152
			15,844		35,152
Current assets
Debtors: amounts falling due within one year	5	556,120		586,657
Cash at bank and in hand	6	11,547		53,471
		567,667		640,128
Creditors: amounts falling due within one year	7	(38,195)		(22,438)
Net current assets			529,472		617,690
Total assets less current liabilities			545,316		652,842

Net assets			545,316		652,842

Capital and reserves
Called up share capital	2	2
Profit and loss account	545,314	652,840
	545,316	652,842

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POSEIDON DEVELOPMENTS LTD

REGISTERED NUMBER: 11829799

BALANCE SHEET (CONTINUED)

AS AT 28 FEBRUARY 2026

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

H G Williams

Director

Date: 27 October 2026

The notes on pages 3 to 6 form part of these financial statements.

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POSEIDON DEVELOPMENTS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2026

1.	General information

Poseidon Developments Ltd is a private company limited by shares, incorporated in England & Wales (registered number: 11829799). The registered office is 101 New Cavendish Street, 1st Floor South, London, W1W 6XH.

The principal activity of the company for the year under review was that of consultancy and advisory services.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006. 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 following principal accounting policies have been applied:

2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

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POSEIDON DEVELOPMENTS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2026

2.Accounting policies (continued)

2.4

Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

				Office equipment	-	25%
				Computer equipment	-	25%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.8

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Employees

The average monthly number of employees, including directors, during the year was 2 (2025 - 2).

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POSEIDON DEVELOPMENTS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2026

4.	Tangible fixed assets

	Office equipment	Computer equipment	Total
	£	£	£
Cost or valuation
At 1 March 2025	97,547	15,660	113,207
Additions	2,089	1,069	3,158
At 28 February 2026	99,636	16,729	116,365
Depreciation
At 1 March 2025	66,967	11,088	78,055
Charge for the year on owned assets	19,331	3,135	22,466
At 28 February 2026	86,298	14,223	100,521
Net book value
At 28 February 2026	13,338	2,506	15,844
At 28 February 2025	30,580	4,572	35,152

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POSEIDON DEVELOPMENTS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2026

Debtors

					2026	2025
					£	£


Other debtors	556,120	586,657
	556,120	586,657

6.	Cash and cash equivalents
		2026	2025
		£	£

Cash at bank and in hand	11,547	53,471
	11,547	53,471

7.	Creditors: Amounts falling due within one year
		2026	2025
		£	£

Trade creditors	4,820	-
Other creditors	30,375	19,438
Accruals and deferred income	3,000	3,000
	38,195	22,438

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