Caseware UK (AP4) 2023.0.135 2023.0.135 2022-10-01truefalseNo description of principal activity21trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 08218448 2022-10-01 2023-09-30 08218448 2021-10-01 2022-09-30 08218448 2023-09-30 08218448 2022-09-30 08218448 c:Director1 2022-10-01 2023-09-30 08218448 d:OfficeEquipment 2022-10-01 2023-09-30 08218448 d:OfficeEquipment 2023-09-30 08218448 d:OfficeEquipment 2022-09-30 08218448 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-10-01 2023-09-30 08218448 d:CurrentFinancialInstruments 2023-09-30 08218448 d:CurrentFinancialInstruments 2022-09-30 08218448 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-09-30 08218448 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2022-09-30 08218448 c:FRS102 2022-10-01 2023-09-30 08218448 c:AuditExempt-NoAccountantsReport 2022-10-01 2023-09-30 08218448 c:FullAccounts 2022-10-01 2023-09-30 08218448 c:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30 08218448 2 2022-10-01 2023-09-30 iso4217:GBP xbrli:pure

Registered number: 08218448










Seabrook Munslow Limited








Unaudited

Financial statements

Information for filing with the registrar

For the year ended 30 September 2023

 
Seabrook Munslow Limited
Registered number: 08218448

Balance sheet
As at 30 September 2023

2023
2022
Note
£
£

  

Fixed assets
  
723
295

Current assets
  
2,170,606
1,912,455

Creditors: amounts falling due within one year
 8 
(325,440)
(291,897)

Net current assets
  
 
 
1,845,166
 
 
1,620,558

Total assets less current liabilities
  
1,845,889
1,620,853

  

Net assets
  
1,845,889
1,620,853


  

Capital and reserves
  
1,845,889
1,620,853


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 5 March 2024.




K Munslow
Director

The notes on pages 2 to 5 form part of these financial statements.
Page 1

 
Seabrook Munslow Limited
 

 
Notes to the financial statements
For the year ended 30 September 2023

1.


General information

Seabrook Munslow Limited is a private company, limited by shares, registered in England and Wales. The
company's registered number is 08218448 and registered office address of 2nd Floor 168 Shoreditch High Street, London, United Kingdom, E1 6RA. The principal activities of the business include Management consultancy activities other than financial management

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention 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.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 2

 
Seabrook Munslow Limited
 

 
Notes to the financial statements
For the year ended 30 September 2023

2.Accounting policies (continued)

 
2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Office equipment
-
33%

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 disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.9

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Page 3

 
Seabrook Munslow Limited
 

 
Notes to the financial statements
For the year ended 30 September 2023

3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 1).


4.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 October 2022
1,063


Additions
965



At 30 September 2023

2,028



Depreciation


At 1 October 2022
768


Charge for the year on owned assets
537



At 30 September 2023

1,305



Net book value



At 30 September 2023
723



At 30 September 2022
295


5.


Debtors

2023
2022
£
£


Trade debtors
82,500
-

Prepayments and accrued income
248,250
342,000

330,750
342,000



6.


Current asset investments

2023
2022
£
£

Listed investments
24,511
25,510

Unlisted investments (liquid)
167,500
167,500

192,011
193,010


Page 4

 
Seabrook Munslow Limited
 

 
Notes to the financial statements
For the year ended 30 September 2023

7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
1,647,845
1,377,445

1,647,845
1,377,445



8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Corporation tax
107,163
130,655

Other taxation and social security
200,390
144,532

Other creditors
13,887
13,710

Accruals and deferred income
4,000
3,000

325,440
291,897



9.


Financial instruments

2023
2022
£
£

Financial assets


Financial assets measured at fair value through profit or loss
1,672,356
1,402,955




Financial assets measured at fair value through profit or loss comprise of other investments of £24,511 and bank account balances of £1,647,845. 

10.


Related party transactions

The company is controlled by its board of directors.
At the balance sheet date included in Creditors: amounts falling due within one year is a loan from the director, K Munslow to the company of £13,887 (2022: £13,710). This loan is interest free and repayable on demand.

Page 5