Silverfin false 31/05/2023 01/06/2022 31/05/2023 Timothy Sheldon Stokes 15/05/2008 22 February 2024 The principal activity of the company in the year under review was that of the supply of webbing material and custom-made sheet products. 06594307 2023-05-31 06594307 bus:Director1 2023-05-31 06594307 2022-05-31 06594307 core:CurrentFinancialInstruments 2023-05-31 06594307 core:CurrentFinancialInstruments 2022-05-31 06594307 core:Non-currentFinancialInstruments 2023-05-31 06594307 core:Non-currentFinancialInstruments 2022-05-31 06594307 core:ShareCapital 2023-05-31 06594307 core:ShareCapital 2022-05-31 06594307 core:RetainedEarningsAccumulatedLosses 2023-05-31 06594307 core:RetainedEarningsAccumulatedLosses 2022-05-31 06594307 core:LandBuildings 2022-05-31 06594307 core:OtherPropertyPlantEquipment 2022-05-31 06594307 core:LandBuildings 2023-05-31 06594307 core:OtherPropertyPlantEquipment 2023-05-31 06594307 bus:OrdinaryShareClass1 2023-05-31 06594307 2022-06-01 2023-05-31 06594307 bus:FullAccounts 2022-06-01 2023-05-31 06594307 bus:SmallEntities 2022-06-01 2023-05-31 06594307 bus:AuditExemptWithAccountantsReport 2022-06-01 2023-05-31 06594307 bus:PrivateLimitedCompanyLtd 2022-06-01 2023-05-31 06594307 bus:Director1 2022-06-01 2023-05-31 06594307 core:LandBuildings core:TopRangeValue 2022-06-01 2023-05-31 06594307 core:OtherPropertyPlantEquipment core:TopRangeValue 2022-06-01 2023-05-31 06594307 2021-06-01 2022-05-31 06594307 core:Non-currentFinancialInstruments 2022-06-01 2023-05-31 06594307 bus:OrdinaryShareClass1 2022-06-01 2023-05-31 06594307 bus:OrdinaryShareClass1 2021-06-01 2022-05-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 06594307 (England and Wales)

SEGENHOE INVESTMENTS LIMITED

Unaudited Financial Statements
For the financial year ended 31 May 2023
Pages for filing with the registrar

SEGENHOE INVESTMENTS LIMITED

Unaudited Financial Statements

For the financial year ended 31 May 2023

Contents

SEGENHOE INVESTMENTS LIMITED

COMPANY INFORMATION

For the financial year ended 31 May 2023
SEGENHOE INVESTMENTS LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 May 2023
DIRECTOR Timothy Sheldon Stokes
SECRETARY Rachel Jane Arkwell Stokes
REGISTERED OFFICE Segenhoe Farmhouse
Ridgmont
MK43 0XW
United Kingdom
COMPANY NUMBER 06594307 (England and Wales)
ACCOUNTANT Duncan & Toplis Limited
18 Northgate
Sleaford
Lincolnshire
NG34 7BJ
SEGENHOE INVESTMENTS LIMITED

STATEMENT OF FINANCIAL POSITION

As at 31 May 2023
SEGENHOE INVESTMENTS LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 May 2023
Note 2023 2022
£ £
Current assets
Stocks 73,401 58,201
Debtors 4 13,413 18,668
Cash at bank and in hand 36,655 33,958
123,469 110,827
Creditors: amounts falling due within one year 5 ( 53,249) ( 33,450)
Net current assets 70,220 77,377
Total assets less current liabilities 70,220 77,377
Creditors: amounts falling due after more than one year 6 ( 25,747) ( 35,272)
Net assets 44,473 42,105
Capital and reserves
Called-up share capital 7 1,000 1,000
Profit and loss account 43,473 41,105
Total shareholder's funds 44,473 42,105

For the financial year ending 31 May 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of Segenhoe Investments Limited (registered number: 06594307) were approved and authorised for issue by the Director on 22 February 2024. They were signed on its behalf by:

Timothy Sheldon Stokes
Director
SEGENHOE INVESTMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 May 2023
SEGENHOE INVESTMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 May 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Segenhoe Investments Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Segenhoe Farmhouse, Ridgmont, MK43 0XW, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The director has assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Statement of Financial Position date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Statement of Income and Retained Earnings in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings 3 years straight line
not depreciated
Plant and machinery etc. 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including the director 3 3

3. Tangible assets

Land and buildings Plant and machinery etc. Total
£ £ £
Cost
At 01 June 2022 2,907 11,973 14,880
At 31 May 2023 2,907 11,973 14,880
Accumulated depreciation
At 01 June 2022 2,907 11,973 14,880
At 31 May 2023 2,907 11,973 14,880
Net book value
At 31 May 2023 0 0 0
At 31 May 2022 0 0 0

4. Debtors

2023 2022
£ £
Trade debtors 13,413 18,668

5. Creditors: amounts falling due within one year

2023 2022
£ £
Trade creditors 27,632 12,889
Taxation and social security 5,359 8,390
Other creditors 20,258 12,171
53,249 33,450

6. Creditors: amounts falling due after more than one year

2023 2022
£ £
Bank loans 25,747 35,272

There are no amounts included above in respect of which any security has been given by the small entity.

7. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
1,000 Ordinary Shares shares of £ 1.00 each 1,000 1,000

8. Related party transactions

Transactions with the entity's director

2023 2022
£ £
Directors Loan Account - T Stokes (4,034) 0

The loans made from the directors are unsecured, interest free and repayable on demand.