REGISTERED NUMBER: |
Seeder Bridging Loans Limited |
Unaudited Financial Statements |
for the Period 1 March 2022 to 31 March 2023 |
REGISTERED NUMBER: |
Seeder Bridging Loans Limited |
Unaudited Financial Statements |
for the Period 1 March 2022 to 31 March 2023 |
Seeder Bridging Loans Limited (Registered number: 13946858) |
Contents of the Financial Statements |
for the Period 1 March 2022 to 31 March 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
Seeder Bridging Loans Limited |
Company Information |
for the Period 1 March 2022 to 31 March 2023 |
Directors: |
Secretary: |
Registered office: |
Registered number: |
Accountants: |
7 Neptune Court |
Vanguard Way |
Cardiff |
CF24 5PJ |
Seeder Bridging Loans Limited (Registered number: 13946858) |
Balance Sheet |
31 March 2023 |
Notes | £ |
Current assets |
Debtors | 4 |
Cash at bank |
Creditors |
Amounts falling due within one year | 5 | ( |
) |
Net current liabilities | ( |
) |
Total assets less current liabilities | ( |
) |
Capital and reserves |
Called up share capital | 6 |
Retained earnings | 7 | ( |
) |
Shareholders' funds | ( |
) |
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. |
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 |
Seeder Bridging Loans Limited (Registered number: 13946858) |
Notes to the Financial Statements |
for the Period 1 March 2022 to 31 March 2023 |
1. | Statutory information |
Seeder Bridging Loans Limited is a |
2. | Accounting policies |
Basis of preparing the financial statements |
Going Concern |
As at 31 March 2023, the company had net current liabilities of £8,609 and reported a loss before tax for the period end of £9,009.The directors have prepared the financial statements on a going concern basis which they consider to be appropriate for the following reasons. |
The company's loss for its first financial period and resulting net liability position was largely driven as a result of its initial setup costs. As at the date of approval of these financial statements, the company has not yet commenced trading, however it is the intention of the directors that the business will begin trading within 12 months of the date of approval of these financial statements. |
Until the company commences trading and becomes cash generative, to continue meeting its liabilities it relies on funding from its shareholders, who have indicated their ongoing intention to continue making funds available for at least 12 months from the date of approval of these financial statements. As with any company placing reliance on its shareholders for financial support, the directors acknowledge that there can be no certainty that this support will continue, although at the date of approval of these financial statements, they have no reason to believe that they will not do so. |
Related party exemption |
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group. |
3. | Employees and directors |
The average number of employees during the period was NIL. |
4. | Debtors: amounts falling due within one year |
£ |
Prepayments |
5. | Creditors: amounts falling due within one year |
£ |
Other creditors |
Accrued expenses |
6. | Called up share capital |
Allotted, issued and fully paid: | 2023 |
Number: | Class: | Nominal value: | £ |
100 | Ordinary | £1 | 100 |
100 | Ordinary A | £1 | 100 |
100 | Ordinary B | £1 | 100 |
100 | Ordinary C | £1 | 100 |
100 |
Seeder Bridging Loans Limited (Registered number: 13946858) |
Notes to the Financial Statements - continued |
for the Period 1 March 2022 to 31 March 2023 |
7. | Reserves |
Retained |
earnings |
£ |
Deficit for the period | ( |
) |
At 31 March 2023 | ( |
) |
8. | Ultimate controlling party |
The ultimate controlling party is |