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REGISTERED NUMBER: 05185442 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 July 2023

for

SEABRICH PROPERTIES LTD

SEABRICH PROPERTIES LTD (REGISTERED NUMBER: 05185442)

Contents of the Financial Statements
FOR THE YEAR ENDED 31 JULY 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


SEABRICH PROPERTIES LTD

Company Information
FOR THE YEAR ENDED 31 JULY 2023







DIRECTOR: Ms F A Mirza



SECRETARY: Mrs R Johar



REGISTERED OFFICE: 5 Theobald Court
Theobald Street
Elstree
Hertfordshire
WD6 4RN



REGISTERED NUMBER: 05185442 (England and Wales)



ACCOUNTANTS: Sterling Associates
Chartered Certified Accountants
5 Theobald Court
Theobald Street
Elstree
Hertfordshire
WD6 4RN



BANKERS: Nat West Bank Plc
315 Station Road
Harrow
Middlesex
HA1 2AD

SEABRICH PROPERTIES LTD (REGISTERED NUMBER: 05185442)

Statement of Financial Position
31 JULY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 196,533 196,533

CURRENT ASSETS
Debtors 5 1,028 -
Cash at bank 2,180 7,761
3,208 7,761
CREDITORS
Amounts falling due within one year 6 14,526 20,907
NET CURRENT LIABILITIES (11,318 ) (13,146 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

185,215

183,387

CREDITORS
Amounts falling due after more than one
year

7

155,813

155,813
NET ASSETS 29,402 27,574

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 29,302 27,474
SHAREHOLDERS' FUNDS 29,402 27,574

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

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 17 April 2024 and were signed by:





Ms F A Mirza - Director


SEABRICH PROPERTIES LTD (REGISTERED NUMBER: 05185442)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 JULY 2023


1. STATUTORY INFORMATION

Seabrich Properties Ltd 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 represents net invoiced rental income.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2022
and 31 July 2023 196,533
NET BOOK VALUE
At 31 July 2023 196,533
At 31 July 2022 196,533

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 1,028 -

SEABRICH PROPERTIES LTD (REGISTERED NUMBER: 05185442)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 JULY 2023


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 1,316 1,641
Other creditors 13,210 19,266
14,526 20,907

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Other creditors 155,813 155,813

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

9. RESERVES
Retained
earnings
£   

At 1 August 2022 27,474
Profit for the year 2,828
Dividends (1,000 )
At 31 July 2023 29,302

10. ULTIMATE CONTROLLER

The director is the ultimate controller as she holds all issued share capital of the company.