Registered number
14438356
Seaways Property Management
Filleted Accounts
31 October 2023
Seaways Property Management
Registered number: 14438356
Balance Sheet
as at 31 October 2023
Notes 2023
£
Fixed assets
Intangible assets 3 12,750
Current assets
Debtors 4 551
Cash at bank and in hand 1,569
2,120
Creditors: amounts falling due within one year 5 (28,062)
Net current liabilities (25,942)
Net liabilities (13,192)
Capital and reserves
Called up share capital 1
Profit and loss account (13,193)
Shareholder's funds (13,192)
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.
Jacqueline Wurr
Director
Approved by the board on 31 March 2024
Seaways Property Management
Notes to the Accounts
for the year ended 31 October 2023
1 Accounting policies
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.
2 Employees 2023
Number
Average number of persons employed by the company 1
3 Intangible fixed assets £
Franchise
Cost
Additions 15,000
At 31 October 2023 15,000
Amortisation
Provided during the year 2,250
At 31 October 2023 2,250
Net book value
At 31 October 2023 12,750
Franchise is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Debtors 2023
£
Trade debtors 471
Other debtors 80
551
5 Creditors: amounts falling due within one year 2023
£
Trade creditors 2,240
Taxation and social security costs (390)
Other creditors 26,212
28,062
6 Other information
Seaways Property Management is a private company limited by shares and incorporated in England. Its registered office is:
41 Runton Road
Cromer
Norwich
Norfolk
NR27 9AT
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