Company Registration No. 11027269 (England and Wales)
Seed Partners LTD
Unaudited accounts
for the year ended 31 March 2023
Seed Partners LTD
Unaudited accounts
Contents
Seed Partners LTD
Company Information
for the year ended 31 March 2023
Director
Selina Mary Bolton
Company Number
11027269 (England and Wales)
Registered Office
20-22 Wenlock Road
London
N1 7GU
Seed Partners LTD
Statement of financial position
as at 31 March 2023
Investments
152,000
152,000
Cash at bank and in hand
3,577
27,999
Creditors: amounts falling due within one year
(120,021)
(154,631)
Net current (liabilities)/assets
(1,603)
2,013
Total assets less current liabilities
154,041
154,013
Creditors: amounts falling due after more than one year
(15,912)
(20,000)
Provisions for liabilities
Net assets
137,427
134,013
Called up share capital
2
2
Fair value reserve
152,000
152,000
Profit and loss account
(14,575)
(17,989)
Shareholders' funds
137,427
134,013
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 22 December 2023 and were signed on its behalf by
Selina Mary Bolton
Director
Company Registration No. 11027269
Seed Partners LTD
Notes to the Accounts
for the year ended 31 March 2023
Seed Partners LTD is a private company, limited by shares, registered in England and Wales, registration number 11027269. The registered office is 20-22 Wenlock Road, London, N1 7GU.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain financial assets and liabilities.
The accounts are presented in £ sterling.
The director is of the opinion that the company is a going concern in spite of the Covid-19 pandemic, because the company and it's investments are well positioned to increase their level of activity following the end of the pandemic.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Basic financial instruments including financial assets and investments in subsidiary undertakings are recognised at fair value through profit and loss.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Seed Partners LTD
Notes to the Accounts
for the year ended 31 March 2023
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 31 March 2023
333
4,525
4,858
Charge for the year
83
1,131
1,214
At 31 March 2023
83
1,131
1,214
At 31 March 2023
250
3,394
3,644
5
Investments
Subsidiary undertakings
Valuation at 1 April 2022
152,000
Valuation at 31 March 2023
152,000
Amounts falling due within one year
Amounts due from group undertakings etc.
108,273
107,653
Other debtors
6,519
20,992
7
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
1,408
7,331
Other creditors
115,163
145,600
8
Creditors: amounts falling due after more than one year
2023
2022
Seed Partners LTD
Notes to the Accounts
for the year ended 31 March 2023
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Loan to Director
20,060
-
20,060
-
10
Average number of employees
During the year the average number of employees was 1 (2022: 1).