IRIS Accounts Production v22.1.4.3 04128660 Board of Directors 1.1.21 31.12.21 31.12.21 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure041286602020-12-31041286602021-12-31041286602021-01-012021-12-31041286602019-12-31041286602020-01-012020-12-31041286602020-12-3104128660ns16:EnglandWales2021-01-012021-12-3104128660ns15:PoundSterling2021-01-012021-12-3104128660ns11:Director12021-01-012021-12-3104128660ns11:PrivateLimitedCompanyLtd2021-01-012021-12-3104128660ns11:SmallEntities2021-01-012021-12-3104128660ns11:AuditExempt-NoAccountantsReport2021-01-012021-12-3104128660ns11:SmallCompaniesRegimeForDirectorsReport2021-01-012021-12-3104128660ns11:SmallCompaniesRegimeForAccounts2021-01-012021-12-3104128660ns11:FullAccounts2021-01-012021-12-3104128660ns11:Director22021-01-012021-12-3104128660ns11:Director32021-01-012021-12-3104128660ns11:RegisteredOffice2021-01-012021-12-3104128660ns6:CurrentFinancialInstruments2021-12-3104128660ns6:CurrentFinancialInstruments2020-12-3104128660ns6:ShareCapital2021-12-3104128660ns6:ShareCapital2020-12-3104128660ns6:RetainedEarningsAccumulatedLosses2021-12-3104128660ns6:RetainedEarningsAccumulatedLosses2020-12-3104128660ns6:PlantMachinery2021-01-012021-12-3104128660ns6:FurnitureFittings2021-01-012021-12-3104128660ns6:MotorVehicles2021-01-012021-12-3104128660ns6:PlantMachinery2020-12-3104128660ns6:FurnitureFittings2020-12-3104128660ns6:MotorVehicles2020-12-3104128660ns6:PlantMachinery2021-12-3104128660ns6:FurnitureFittings2021-12-3104128660ns6:MotorVehicles2021-12-3104128660ns6:PlantMachinery2020-12-3104128660ns6:FurnitureFittings2020-12-3104128660ns6:MotorVehicles2020-12-3104128660ns6:CostValuation2020-12-3104128660ns6:WithinOneYearns6:CurrentFinancialInstruments2021-12-3104128660ns6:WithinOneYearns6:CurrentFinancialInstruments2020-12-31
REGISTERED NUMBER: 04128660 (England and Wales)







UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2021

FOR

SEAGRAVE DEVELOPMENTS LIMITED

SEAGRAVE DEVELOPMENTS LIMITED (REGISTERED NUMBER: 04128660)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2021










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SEAGRAVE DEVELOPMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2021







DIRECTORS: JC Harmon
ES Harmon
G Houghton





REGISTERED OFFICE: Higham Road Trading Estate
Higham Road
Burton Latimer
Northamptonshire
NN15 5PU





REGISTERED NUMBER: 04128660 (England and Wales)





ACCOUNTANTS: Bewers Turner & Co LLP
Chartered Accountants
Portland House
11-13 Station Road
Kettering
Northamptonshire
NN15 7HH

SEAGRAVE DEVELOPMENTS LIMITED (REGISTERED NUMBER: 04128660)

BALANCE SHEET
31ST DECEMBER 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 121,450 111,084
Investments 5 2,242,022 2,242,022
2,363,472 2,353,106

CURRENT ASSETS
Stocks 288,497 3,394,790
Debtors 6 3,877,081 646,627
Cash at bank and in hand 1,330,534 420,819
5,496,112 4,462,236
CREDITORS
Amounts falling due within one year 7 6,543,458 5,504,527
NET CURRENT LIABILITIES (1,047,346 ) (1,042,291 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,316,126

1,310,815

PROVISIONS FOR LIABILITIES 23,076 21,106
NET ASSETS 1,293,050 1,289,709

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,292,950 1,289,609
SHAREHOLDERS' FUNDS 1,293,050 1,289,709

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2021 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.

SEAGRAVE DEVELOPMENTS LIMITED (REGISTERED NUMBER: 04128660)

BALANCE SHEET - continued
31ST DECEMBER 2021


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12th August 2022 and were signed on its behalf by:





JC Harmon - Director


SEAGRAVE DEVELOPMENTS LIMITED (REGISTERED NUMBER: 04128660)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2021


1. STATUTORY INFORMATION

Seagrave Developments 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Preparation of consolidated financial statements
The financial statements contain information about Seagrave Developments Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Related party exemption
The company has taken advantage of the exemption in FRS 102 not to disclose related party transactions with its parent company.

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.
Plant and machinery - 15% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
The company is party to only the basic financial instruments such as cash, trade debtors and creditors and loans. Instruments such as trade debtors and trade creditors are initially recognised at their transaction cost and reviewed at the year end for impairment. Debt instruments not repayable on demand or due within one year are measured at amortised cost using the effective interest rate.


SEAGRAVE DEVELOPMENTS LIMITED (REGISTERED NUMBER: 04128660)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2021


2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2020 - 7 ) .

SEAGRAVE DEVELOPMENTS LIMITED (REGISTERED NUMBER: 04128660)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2021


4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1st January 2021 305,319 36,220 14,849 356,388
Additions 36,221 10,509 - 46,730
At 31st December 2021 341,540 46,729 14,849 403,118
DEPRECIATION
At 1st January 2021 206,416 26,020 12,868 245,304
Charge for year 27,774 8,094 496 36,364
At 31st December 2021 234,190 34,114 13,364 281,668
NET BOOK VALUE
At 31st December 2021 107,350 12,615 1,485 121,450
At 31st December 2020 98,903 10,200 1,981 111,084

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakin
£   
COST
At 1st January 2021
and 31st December 2021 2,242,022
NET BOOK VALUE
At 31st December 2021 2,242,022
At 31st December 2020 2,242,022

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade debtors 2,054,845 295,541
Amounts owed by group undertakings 82,576 64,000
Other debtors 1,739,660 287,086
3,877,081 646,627

SEAGRAVE DEVELOPMENTS LIMITED (REGISTERED NUMBER: 04128660)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2021


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Bank loans and overdrafts 1,800,000 -
Trade creditors 351,058 668,899
Amounts owed to group undertakings 4,341,871 4,695,191
Taxation and social security 24,058 113,075
Other creditors 26,471 27,362
6,543,458 5,504,527

8. RELATED PARTY DISCLOSURES

All material related party transactions with owners holding a participating interest, companies in which the entity has a participating interest and directors were all concluded under normal market conditions.