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REGISTERED NUMBER: 11611856 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2021

FOR

SEA GLOBAL GROUP LTD

SEA GLOBAL GROUP LTD (REGISTERED NUMBER: 11611856)






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


SEA GLOBAL GROUP LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2021







DIRECTOR: M R Pickett





REGISTERED OFFICE: 77 New Cavendish Street
London
W1W 6XB





REGISTERED NUMBER: 11611856 (England and Wales)





ACCOUNTANTS: ISIS Business Solutions (Northants) LLP
Venture Court
2 Debdale Road
Wellingborough
Northamptonshire
NN8 5AA

SEA GLOBAL GROUP LTD (REGISTERED NUMBER: 11611856)

BALANCE SHEET
31ST DECEMBER 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 500 666

CURRENT ASSETS
Debtors 5 11,066 30,257
Cash at bank 10,042 19,615
21,108 49,872
CREDITORS
Amounts falling due within one year 6 52,185 55,542
NET CURRENT LIABILITIES (31,077 ) (5,670 )
TOTAL ASSETS LESS CURRENT LIABILITIES (30,577 ) (5,004 )

PROVISIONS FOR LIABILITIES 95 127
NET LIABILITIES (30,672 ) (5,131 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (30,772 ) (5,231 )
SHAREHOLDERS' FUNDS (30,672 ) (5,131 )

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 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.

SEA GLOBAL GROUP LTD (REGISTERED NUMBER: 11611856)

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 13th September 2022 and were signed by:





M R Pickett - Director


SEA GLOBAL GROUP LTD (REGISTERED NUMBER: 11611856)

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

1. STATUTORY INFORMATION

Sea Global Group Ltd 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.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 3 (2020 - 2 ) .

SEA GLOBAL GROUP LTD (REGISTERED NUMBER: 11611856)

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

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1st January 2021
and 31st December 2021 891
DEPRECIATION
At 1st January 2021 225
Charge for year 166
At 31st December 2021 391
NET BOOK VALUE
At 31st December 2021 500
At 31st December 2020 666

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade debtors 8,766 25,491
Amounts owed by group undertakings 2,300 4,100
Other debtors - 666
11,066 30,257

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Bank loans and overdrafts 37,368 40,000
Taxation and social security 14,215 14,342
Other creditors 602 1,200
52,185 55,542

7. RELATED PARTY DISCLOSURES

Included within other debtors is an amount owing by BTW Capital group of £290 (2020: £810), and amount owing from MTP group of £2,010 (2020: £3,290).