Silverfin false 28/02/2023 01/03/2022 28/02/2023 Mr M W Dawson 20/02/2019 27 November 2023 The principal activity of the Company during the financial year was the purchase and development of residential property for rental and sale. 11837347 2023-02-28 11837347 bus:Director1 2023-02-28 11837347 2022-02-28 11837347 core:CurrentFinancialInstruments 2023-02-28 11837347 core:CurrentFinancialInstruments 2022-02-28 11837347 core:Non-currentFinancialInstruments 2023-02-28 11837347 core:Non-currentFinancialInstruments 2022-02-28 11837347 core:ShareCapital 2023-02-28 11837347 core:ShareCapital 2022-02-28 11837347 core:RetainedEarningsAccumulatedLosses 2023-02-28 11837347 core:RetainedEarningsAccumulatedLosses 2022-02-28 11837347 bus:OrdinaryShareClass1 2023-02-28 11837347 2022-03-01 2023-02-28 11837347 bus:FullAccounts 2022-03-01 2023-02-28 11837347 bus:SmallEntities 2022-03-01 2023-02-28 11837347 bus:AuditExemptWithAccountantsReport 2022-03-01 2023-02-28 11837347 bus:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 11837347 bus:Director1 2022-03-01 2023-02-28 11837347 2021-03-01 2022-02-28 11837347 core:Non-currentFinancialInstruments 2022-03-01 2023-02-28 11837347 bus:OrdinaryShareClass1 2022-03-01 2023-02-28 11837347 bus:OrdinaryShareClass1 2021-03-01 2022-02-28 iso4217:GBP xbrli:pure xbrli:shares

Company No: 11837347 (England and Wales)

SEADOG PROPERTIES LTD

Unaudited Financial Statements
For the financial year ended 28 February 2023
Pages for filing with the registrar

SEADOG PROPERTIES LTD

Unaudited Financial Statements

For the financial year ended 28 February 2023

Contents

SEADOG PROPERTIES LTD

COMPANY INFORMATION

For the financial year ended 28 February 2023
SEADOG PROPERTIES LTD

COMPANY INFORMATION (continued)

For the financial year ended 28 February 2023
DIRECTOR Mr M W Dawson
REGISTERED OFFICE Seadog Sunset Drive
Porthleven
Helston
TR13 9AP
United Kingdom
COMPANY NUMBER 11837347 (England and Wales)
CHARTERED ACCOUNTANTS Francis Clark LLP
Lowin House
Tregolls Road
Truro
Cornwall TR1 2NA
SEADOG PROPERTIES LTD

BALANCE SHEET

As at 28 February 2023
SEADOG PROPERTIES LTD

BALANCE SHEET (continued)

As at 28 February 2023
Note 2023 2022
£ £
Fixed assets
Investment property 3 113,752 113,752
113,752 113,752
Current assets
Debtors 4 103 415
Cash at bank and in hand 5 2,541 34,553
2,644 34,968
Creditors: amounts falling due within one year 6 ( 32,453) ( 67,957)
Net current liabilities (29,809) (32,989)
Total assets less current liabilities 83,943 80,763
Creditors: amounts falling due after more than one year 7 ( 37,228) ( 40,678)
Net assets 46,715 40,085
Capital and reserves
Called-up share capital 8 1 1
Profit and loss account 46,714 40,084
Total shareholder's funds 46,715 40,085

For the financial year ending 28 February 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of Seadog Properties Ltd (registered number: 11837347) were approved and authorised for issue by the Director on 27 November 2023. They were signed on its behalf by:

Mr M W Dawson
Director
SEADOG PROPERTIES LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 28 February 2023
SEADOG PROPERTIES LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 28 February 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Seadog Properties Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Seadog Sunset Drive, Porthleven, Helston, TR13 9AP, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.

Revenue from services is recognised as they are delivered.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 1

3. Investment property

Investment property
£
Valuation
As at 01 March 2022 113,752
As at 28 February 2023 113,752

Valuation

There has been no valuation of the investment property by an independent valuer. The valuation of the property was made by the director.

4. Debtors

2023 2022
£ £
Other debtors 103 415

5. Cash and cash equivalents

2023 2022
£ £
Cash at bank and in hand 2,541 34,553

6. Creditors: amounts falling due within one year

2023 2022
£ £
Bank loans 5,956 8,463
Taxation and social security 944 11,543
Other creditors 25,553 47,951
32,453 67,957

7. Creditors: amounts falling due after more than one year

2023 2022
£ £
Bank loans 37,228 40,678

There are no amounts included above in respect of which any security has been given by the small entity.

8. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
1 Ordinary share of £ 1.00 1 1