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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
Page
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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
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Seed Partners LTD Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
3,644 
- 
Investments
152,000 
152,000 
155,644 
152,000 
Current assets
Debtors
114,841 
128,645 
Cash at bank and in hand
3,577 
27,999 
118,418 
156,644 
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
Deferred tax
(702)
- 
Net assets
137,427 
134,013 
Capital and reserves
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
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Seed Partners LTD Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain financial assets and liabilities.
Presentation currency
The accounts are presented in £ sterling.
Going concern
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
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.
Financial assets
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:
Fixtures & fittings
25%
Computer equipment
25%
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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 1 April 2022
- 
- 
- 
Additions
333 
4,525 
4,858 
At 31 March 2023
333 
4,525 
4,858 
Depreciation
Charge for the year
83 
1,131 
1,214 
At 31 March 2023
83 
1,131 
1,214 
Net book value
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 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
49 
- 
Amounts due from group undertakings etc.
108,273 
107,653 
Other debtors
6,519 
20,992 
114,841 
128,645 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
1,408 
7,331 
Other creditors
115,163 
145,600 
Accruals
3,450 
1,700 
120,021 
154,631 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
15,912 
20,000 
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Seed Partners LTD Notes to the Accounts for the year ended 31 March 2023
9
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Selina Mary Bolton
Loan to Director
20,060 
- 
20,060 
- 
20,060 
- 
20,060 
- 
10
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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