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REGISTERED NUMBER: 03903987 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH JUNE 2023

FOR

SEAWATER GREENHOUSE LIMITED

SEAWATER GREENHOUSE LIMITED (REGISTERED NUMBER: 03903987)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SEAWATER GREENHOUSE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH JUNE 2023







DIRECTORS: A C Paton
Mrs M P McKibbin





SECRETARY: Mrs M P McKibbin





REGISTERED OFFICE: 2a Greenwood Road
London
E8 1AB





REGISTERED NUMBER: 03903987 (England and Wales)





ACCOUNTANTS: Parkers
Cornelius House
178-180 Church Road
Hove
East Sussex
BN3 2DJ

SEAWATER GREENHOUSE LIMITED (REGISTERED NUMBER: 03903987)

BALANCE SHEET
30TH JUNE 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 46,111 49,971

CURRENT ASSETS
Debtors 5 602 381
Cash at bank 8,614 6,908
9,216 7,289
CREDITORS
Amounts falling due within one year 6 321,702 276,333
NET CURRENT LIABILITIES (312,486 ) (269,044 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(266,375

)

(219,073

)

CAPITAL AND RESERVES
Called up share capital 2 2
Share premium 74,999 74,999
Retained earnings (341,376 ) (294,074 )
SHAREHOLDERS' FUNDS (266,375 ) (219,073 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 2023 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 17th October 2023 and were signed on its behalf by:





A C Paton - Director


SEAWATER GREENHOUSE LIMITED (REGISTERED NUMBER: 03903987)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2023

1. STATUTORY INFORMATION

Seawater Greenhouse 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.

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.

The financial statements have been prepared on the going concern basis due to the continued support of the director and an associated company and the successful completion of a Technology Strategy Board funded project in the year.

Significant judgements and estimates
No significant judgements have had to be made by the directors in preparing these financial statements.

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 - 4% on cost
Motor vehicles - 25% on cost
Computer equipment - 33% on cost

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

Impairment of non-financial assets
At each reporting date non-financial assets not carried at fair value, like goodwill and plant, property and equipment, are reviewed to determine whether there is an indication that an asset may be impaired. If there is an indication of possible impairment, the recoverable amount of any asset or group of related assets, which is the higher of value in use and the fair value less cost to sell, is estimated and compared with its carrying amount. If the recoverable amount is lower, the carrying amount of the asset is reduced to its recoverable amount and an impairment loss is recognised immediately in profit or loss.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

SEAWATER GREENHOUSE LIMITED (REGISTERED NUMBER: 03903987)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1st July 2022
and 30th June 2023 76,483 1,750 10,450 9,743 98,426
DEPRECIATION
At 1st July 2022 27,867 1,011 10,450 9,127 48,455
Charge for year 3,059 185 - 616 3,860
At 30th June 2023 30,926 1,196 10,450 9,743 52,315
NET BOOK VALUE
At 30th June 2023 45,557 554 - - 46,111
At 30th June 2022 48,616 739 - 616 49,971

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 602 381

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 162 162
Taxation and social security 3,695 3,077
Other creditors 317,845 273,094
321,702 276,333