2022-03-012023-02-282023-02-28false04617249SEYMOUR HOUSE (HARTLEPOOL) 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SEYMOUR HOUSE (HARTLEPOOL) LIMITED

Registered Number
04617249
(England and Wales)

Unaudited Financial Statements for the Year ended
28 February 2023

SEYMOUR HOUSE (HARTLEPOOL) LIMITED
Company Information
for the year from 1 March 2022 to 28 February 2023

Director

Mr V A Burini

Registered Address

Seymour House The Front
Seaton Carew
Hartlepool
TS25 1DJ

Registered Number

04617249 (England and Wales)
SEYMOUR HOUSE (HARTLEPOOL) LIMITED
Statement of Financial Position
28 February 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Intangible assets6-4,500
Tangible assets817,0869,255
17,08613,755
Current assets
Stocks958835
Debtors12186,415128,479
Cash at bank and on hand136,61286,329
323,985215,643
Creditors amounts falling due within one year13(84,165)(76,163)
Net current assets (liabilities)239,820139,480
Total assets less current liabilities256,906153,235
Creditors amounts falling due after one year14(5,087)(6,524)
Net assets251,819146,711
Capital and reserves
Called up share capital1111
Profit and loss account251,808146,700
Shareholders' funds251,819146,711
The financial statements were approved and authorised for issue by the Director on 14 September 2023, and are signed on its behalf by:
Mr V A Burini
Director
Registered Company No. 04617249
SEYMOUR HOUSE (HARTLEPOOL) LIMITED
Notes to the Financial Statements
for the year ended 28 February 2023

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Smallest group in which results are consolidated
As part of a small group, this company is exempt from producing group accounts. These accounts are for this company alone. This company's parent undertaking is Beaumont Supported Living Holdings Limited, a company registered in England and Wales, Company number 06816959.
3.Basis of measurement used in financial statements
The financial statements have been prepared under the historical cost convention on a going concern basis unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
4.Accounting policies
Functional and presentation currency policy
The financial statements are presented in sterling and this is the functional currency of the company.
Turnover policy
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 rendering of services. 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.
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of Income. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)Straight line (years)
Plant and machinery25-
Vehicles-4
Intangible assets policy
Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
Stocks policy
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete). At each date of Statement of financial position, inventories are assessed for impairment. If inventory is impaired, the carrying amount is reduced to its selling price less costs to completed the sale. The impairment loss is recognised immediately in the Statement of Earnings.
Taxation policy
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax policy
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.
Leases policy
Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease. Rentals paid under operating leases are charged to the profit or loss on a straight line basis over the lease term.
Employee benefits policy
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 obligation. Contributions to defined contribution plans are expensed in the period to which they relate. Amounts not paid are shown in accruals in the Statement of financial position. The assets of the plan are held separately from the company in independently administered funds.
Valuation of financial instruments policy
The Company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
5.Employee information

20232022
Average number of employees during the year1721
6.Intangible assets

Goodwill

Total

££
Cost or valuation
At 01 March 2290,00090,000
At 28 February 2390,00090,000
Amortisation and impairment
At 01 March 2285,50085,500
Charge for year4,5004,500
At 28 February 2390,00090,000
Net book value
At 28 February 23--
At 28 February 224,5004,500
7.Useful life of intangible asset
Intangible assets are not permitted to have an indefinite life and must be amortised over their estimated useful life. The estimated useful life of Goodwill has been set at 20 years and the asset will be amortised on a straight line basis over that period.
8.Property, plant and equipment

Plant & machinery

Vehicles

Total

£££
Cost or valuation
At 01 March 2243,4848,70052,184
Additions11,420-11,420
At 28 February 2354,9048,70063,604
Depreciation and impairment
At 01 March 2241,4791,45042,929
Charge for year1,4142,1753,589
At 28 February 2342,8933,62546,518
Net book value
At 28 February 2312,0115,07517,086
At 28 February 222,0057,2509,255
9.Off balance sheet pension commitments
The pension cost charge represents contributions payable by the company to the fund and amounted to £7,333 (2022 - £6,531).
10.Description of nature of transactions and balances with related parties
On 1 March 2022 the Director owed the company £56,515. During the period the director repaid £Nil and extracted a further £26,373. At 28 February 2023 the Director owed the company £82,888. Interest was charged at HMRCs' official rate of interest on this loan and the loan is unsecured and repayable on demand.
11.Guarantees and their terms, directors
Alliance and Leicester Plc hold a debenture, for £540,000 plus costs and interest, over the companies assets.
12.Debtors

2023

2022

££
Trade debtors / trade receivables2,60019,947
Other debtors134,17857,826
Prepayments and accrued income49,63750,706
Total186,415128,479
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.
13.Creditors within one year

2023

2022

££
Trade creditors / trade payables9,9086,251
Amounts owed to related parties858-
Taxation and social security58,07860,901
Finance lease and HP contracts1,4371,437
Other creditors6,2976,238
Accrued liabilities and deferred income7,5871,336
Total84,16576,163
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. Finance lease and HP contracts are secured on the assets to which they relate.
14.Creditors after one year

2023

2022

££
Other creditors5,0876,524
Total5,0876,524
Finance lease and HP contracts equal to £5,087 (2022 - £6,524) are included within other creditors and are secured against the assets to which they relate.