IRIS Accounts Production v23.3.1.45 10257546 director 1.7.22 30.6.23 30.6.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh102575462022-06-30102575462023-06-30102575462022-07-012023-06-30102575462021-06-30102575462021-07-012022-06-30102575462022-06-3010257546ns10:Originalns15:EnglandWales2022-07-012023-06-3010257546ns14:PoundSterlingns10:Original2022-07-012023-06-3010257546ns10:Originalns10:Director12022-07-012023-06-3010257546ns10:Original2022-07-012023-06-3010257546ns10:Original2023-06-3010257546ns10:Originalns10:PrivateLimitedCompanyLtd2022-07-012023-06-3010257546ns10:Originalns10:SmallEntities2022-07-012023-06-3010257546ns10:Originalns10:AuditExempt-NoAccountantsReport2022-07-012023-06-3010257546ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-07-012023-06-3010257546ns10:SmallCompaniesRegimeForAccountsns10:Original2022-07-012023-06-3010257546ns10:Originalns10:FullAccounts2022-07-012023-06-3010257546ns10:Originalns10:RegisteredOffice2022-07-012023-06-3010257546ns10:Original2022-06-3010257546ns10:Originalns5:CurrentFinancialInstruments2023-06-3010257546ns10:Originalns5:CurrentFinancialInstruments2022-06-3010257546ns10:Originalns5:Non-currentFinancialInstruments2023-06-3010257546ns10:Originalns5:Non-currentFinancialInstruments2022-06-3010257546ns5:ShareCapitalns10:Original2023-06-3010257546ns5:ShareCapitalns10:Original2022-06-3010257546ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-06-3010257546ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-06-3010257546ns10:Originalns5:PlantMachinery2022-07-012023-06-3010257546ns10:Original2021-07-012022-06-3010257546ns10:Originalns5:PlantMachinery2022-06-3010257546ns10:Originalns5:PlantMachinery2023-06-3010257546ns10:Originalns5:PlantMachinery2022-06-3010257546ns10:Originalns5:AdditionsToInvestments2023-06-3010257546ns10:Originalns5:CostValuation2023-06-3010257546ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-06-3010257546ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-06-3010257546ns5:AcceleratedTaxDepreciationDeferredTaxns10:Original2023-06-3010257546ns5:AcceleratedTaxDepreciationDeferredTaxns10:Original2022-06-3010257546ns10:Originalns5:DeferredTaxation2022-06-3010257546ns10:Originalns5:DeferredTaxation2022-07-012023-06-3010257546ns10:Originalns5:DeferredTaxation2023-06-30
REGISTERED NUMBER: 10257546 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2023

for

Seddon Investments Limited

Seddon Investments Limited (Registered number: 10257546)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Seddon Investments Limited

Company Information
for the Year Ended 30 June 2023







DIRECTOR: W Seddon





REGISTERED OFFICE: Arden Lea
470 Chorley New Road
Bolton
Lancashire
BL1 5AZ





REGISTERED NUMBER: 10257546 (England and Wales)





ACCOUNTANTS: Higsons Limited
Accountants
Offices 1 and 2
1A King Street
Farnworth
Bolton
Greater Manchester
BL4 7AB

Seddon Investments Limited (Registered number: 10257546)

Balance Sheet
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 63,008 84,011
Investments 5 100 -
63,108 84,011

CURRENT ASSETS
Debtors 6 46,813,608 41,316,397
Cash at bank 590,376 1,166,142
47,403,984 42,482,539
CREDITORS
Amounts falling due within one year 7 37,106,506 34,796,051
NET CURRENT ASSETS 10,297,478 7,686,488
TOTAL ASSETS LESS CURRENT
LIABILITIES

10,360,586

7,770,499

CREDITORS
Amounts falling due after more than one year 8 (975,101 ) -

PROVISIONS FOR LIABILITIES 9 (15,752 ) (15,962 )
NET ASSETS 9,369,733 7,754,537

CAPITAL AND RESERVES
Called up share capital 220 220
Retained earnings 9,369,513 7,754,317
SHAREHOLDERS' FUNDS 9,369,733 7,754,537

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Seddon Investments Limited (Registered number: 10257546)

Balance Sheet - continued
30 June 2023


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 February 2024 and were signed by:





W Seddon - Director


Seddon Investments Limited (Registered number: 10257546)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

Seddon Investments Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the interest and fees received or receivable for the period under review.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation. At the balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered impairment losses, no such losses were identified.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Seddon Investments Limited (Registered number: 10257546)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2022
and 30 June 2023 96,012
DEPRECIATION
At 1 July 2022 12,001
Charge for year 21,003
At 30 June 2023 33,004
NET BOOK VALUE
At 30 June 2023 63,008
At 30 June 2022 84,011

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
Additions 100
At 30 June 2023 100
NET BOOK VALUE
At 30 June 2023 100

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade debtors 42,027,752 37,380,629
Amounts owed by group undertakings 118,900 -
Other debtors 4,666,956 3,935,768
46,813,608 41,316,397

Seddon Investments Limited (Registered number: 10257546)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Amounts owed to associates 3,516,879 3,649,879
Taxation and social security 201,752 192,966
Other creditors 33,387,875 30,953,206
37,106,506 34,796,051

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.23 30.6.22
£    £   
Other creditors 975,101 -

9. PROVISIONS FOR LIABILITIES
30.6.23 30.6.22
£    £   
Deferred tax
Accelerated capital allowances 15,752 15,962

Deferred
tax
£   
Balance at 1 July 2022 15,962
Credit to Income Statement during year (210 )
Balance at 30 June 2023 15,752

10. RELATED PARTY DISCLOSURES

At 30 June 2023 the company owed £5,558,379 (2022 - £3,378,379) to its director and a further £27,373,437 (2022 - £27,568,107) to close family members. No interest has been charged to the company in respect of these loans which are repayable on demand and classified in creditors due within one year.

During the year the Company loaned monies to it's wholly owned subsidiary, Outwood House Properties Limited, the loan is interest free. The balance outstanding on this loan at 30 June 2023 was £118,900.

During in the year the Company repaid loans to Didsbury Developments Limited an entity registered in England and owned by Mr W Seddon. The balance outstanding on these loans, which are interest free and repayable on demand, at 30 June 2023 was £3,516,879 (2022 - £3,649,879) and is included in creditors due within one year.

The Company has made loans in the normal course of business to Fairfield Homes (Cheshire) Limited an entity registered in England in which W Seddon is a director.The balance outstanding at year end, which is included in debtors, was £3,771,858 (2022 - £3,572,426).