Registered number
08091548
Sea Cuisine Holdings Limited
Filleted Accounts
30 October 2022
Sea Cuisine Holdings Limited
Registered number: 08091548
Balance Sheet
as at 30 October 2022
Notes 2022 2021
£ £
Fixed assets
Tangible assets 3 60,461 73,386
Investments 4 1 1
60,462 73,387
Current assets
Stocks 5,050 5,000
Debtors 5 138,468 66,686
Cash at bank and in hand 44,929 82,896
188,447 154,582
Creditors: amounts falling due within one year 6 (237,060) (235,743)
Net current liabilities (48,613) (81,161)
Total assets less current liabilities 11,849 (7,774)
Creditors: amounts falling due after more than one year 7 (36,667) (36,667)
Net liabilities (24,818) (44,441)
Capital and reserves
Called up share capital 1 1
Profit and loss account (24,819) (44,442)
Shareholder's funds (24,818) (44,441)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Philip McGuinness
Director
Approved by the board on 10 October 2023
Sea Cuisine Holdings Limited
Notes to the Accounts
for the year ended 30 October 2022
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Short leasehold 20% per annum
Motor vehicles 20% per annum
Plant and machinery 15% per annum
Fixtures, fittings, tools and equipment 20% per annum
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Going concern
The going concern basis has been applied having regard to confirmation received from the director that financial support will continue to be provided by other group companies for the foreseeable future.
Exemption from preparing consolidated financial statements
The company, and the group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and group are considered eligible for the exemption to prepare consolidated accounts.
2 Employees 2022 2021
Number Number
Average number of persons employed by the company 5 5
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 31 October 2021 65,390 42,970 222 108,582
At 30 October 2022 65,390 42,970 222 108,582
Depreciation
At 31 October 2021 23,541 11,575 80 35,196
Charge for the year 8,370 4,527 28 12,925
At 30 October 2022 31,911 16,102 108 48,121
Net book value
At 30 October 2022 33,479 26,868 114 60,461
At 30 October 2021 41,849 31,395 142 73,386
4 Investments
Investments in
subsidiary
undertakings
£
Cost
At 31 October 2021 1
At 30 October 2022 1
5 Debtors 2022 2021
£ £
Amounts owed by group undertakings and undertakings in which the company has a participating interest 138,468 66,512
Other debtors - 174
138,468 66,686
6 Creditors: amounts falling due within one year 2022 2021
£ £
Bank loans and overdrafts - 10,000
Trade creditors 21,380 37,457
Accruals 21,607 8,110
Amounts owed to group undertakings and undertakings in which the company has a participating interest 174,584 174,584
Taxation and social security costs 15,481 1,076
Other creditors 4,008 4,516
237,060 235,743
7 Creditors: amounts falling due after one year 2022 2021
£ £
Bank loans 36,667 36,667
8 Pension commitments
The company operates a defined contribution plan for its employees. A defined contribution plan is a
pension plan under which the company pays fixed contributions into a separate entity. Once the
contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid
are shown in accruals as a liability in the balance sheet. The assets of the plan are
held separately from the company in independently administered funds.
9 Related party transactions
The company has taken advantage of the exemption in FRS 102 from requirements to disclose transactions with group companies.
10 Controlling party
The company's immediate parent undertaking is Blandfords Group Limited, a company registered in England.
11 Other information
Sea Cuisine Holdings Limited is a private company limited by shares and incorporated in England. Its registered office is:
278 St. Pauls Road
London
N1 2LH
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