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Company Registration No. 12944947 (England and Wales)
Seeds Property Ltd Unaudited accounts for the year ended 31 October 2023
Seeds Property Ltd Unaudited accounts Contents
Page
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Seeds Property Ltd Company Information for the year ended 31 October 2023
Director
Oluwole Omotunde, Olusola
Company Number
12944947 (England and Wales)
Registered Office
104 SISSONS ROAD LEEDS LS10 4LW ENGLAND
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Seeds Property Ltd Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
3,757 
2,945 
Investment property
206,442 
101,848 
210,199 
104,793 
Current assets
Debtors
5 
- 
Cash at bank and in hand
60,501 
515 
60,506 
515 
Creditors: amounts falling due within one year
(5,032)
(590)
Net current assets/(liabilities)
55,474 
(75)
Total assets less current liabilities
265,673 
104,718 
Creditors: amounts falling due after more than one year
(246,345)
(103,050)
Net assets
19,328 
1,668 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
19,327 
1,667 
Shareholders' funds
19,328 
1,668 
For the year ending 31 October 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 his 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 29 April 2024 and were signed on its behalf by
Oluwole Omotunde, Olusola Director Company Registration No. 12944947
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Seeds Property Ltd Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
Seeds Property Ltd is a private company, limited by shares, registered in England and Wales, registration number 12944947. The registered office is 104 SISSONS ROAD, LEEDS, LS10 4LW, ENGLAND.
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 fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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
18% Reducing Balance Method
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 November 2022
3,591 
Additions
1,380 
At 31 October 2023
4,971 
Depreciation
At 1 November 2022
646 
Charge for the year
568 
At 31 October 2023
1,214 
Net book value
At 31 October 2023
3,757 
At 31 October 2022
2,945 
5
Investment property
2023 
£ 
Fair value at 1 November 2022
101,848 
Additions
104,594 
At 31 October 2023
206,442 
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Seeds Property Ltd Notes to the Accounts for the year ended 31 October 2023
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due after more than one year
Other debtors
5 
- 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
4,532 
390 
Other creditors
- 
200 
Accruals
500 
- 
5,032 
590 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
70,651 
70,651 
Other creditors
19,500 
- 
Loans from directors
156,194 
32,399 
246,345 
103,050 
9
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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