IRIS Accounts Production v24.1.9.2 13715148 director 1.11.22 31.10.23 31.10.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh137151482022-10-31137151482023-10-31137151482022-11-012023-10-31137151482021-10-31137151482021-11-012022-10-31137151482022-10-3113715148ns15:EnglandWales2022-11-012023-10-3113715148ns14:PoundSterling2022-11-012023-10-3113715148ns10:Director12022-11-012023-10-3113715148ns10:PrivateLimitedCompanyLtd2022-11-012023-10-3113715148ns10:SmallEntities2022-11-012023-10-3113715148ns10:AuditExempt-NoAccountantsReport2022-11-012023-10-3113715148ns10:SmallCompaniesRegimeForDirectorsReport2022-11-012023-10-3113715148ns10:SmallCompaniesRegimeForAccounts2022-11-012023-10-3113715148ns10:FullAccounts2022-11-012023-10-3113715148ns10:RegisteredOffice2022-11-012023-10-3113715148ns5:CurrentFinancialInstruments2023-10-3113715148ns5:CurrentFinancialInstruments2022-10-3113715148ns5:Non-currentFinancialInstruments2023-10-3113715148ns5:Non-currentFinancialInstruments2022-10-3113715148ns5:ShareCapital2023-10-3113715148ns5:ShareCapital2022-10-3113715148ns5:RetainedEarningsAccumulatedLosses2023-10-3113715148ns5:RetainedEarningsAccumulatedLosses2022-10-3113715148ns5:FurnitureFittings2022-11-012023-10-3113715148ns5:LongLeaseholdAssetsns5:LandBuildings2022-10-3113715148ns5:FurnitureFittings2022-10-3113715148ns5:LongLeaseholdAssetsns5:LandBuildings2022-11-012023-10-3113715148ns5:LongLeaseholdAssetsns5:LandBuildings2023-10-3113715148ns5:FurnitureFittings2023-10-3113715148ns5:LongLeaseholdAssetsns5:LandBuildings2022-10-3113715148ns5:FurnitureFittings2022-10-3113715148ns5:CostValuation2022-10-3113715148ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-10-3113715148ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-10-3113715148ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-10-3113715148ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2022-10-3113715148ns5:Secured2023-10-3113715148ns5:Secured2022-10-31
REGISTERED NUMBER: 13715148 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2023

for

Sea Forever Limited

Sea Forever Limited (Registered number: 13715148)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Sea Forever Limited

Company Information
for the Year Ended 31 October 2023







DIRECTOR: Mr P R Stanford





REGISTERED OFFICE: 37 Kent Road
Harrogate
HG1 2ET





REGISTERED NUMBER: 13715148 (England and Wales)





ACCOUNTANTS: Aysgarth Chartered Accountants
Suite 3b
Kings House
1 King Street
Leeds
LS1 2HH

Sea Forever Limited (Registered number: 13715148)

Balance Sheet
31 October 2023

31/10/23 31/10/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 276,408 280,408
Investments 5 1 1
276,409 280,409

CURRENT ASSETS
Debtors 6 2,666 -
Cash at bank 84 2,370
2,750 2,370
CREDITORS
Amounts falling due within one year 7 7,518 2,450
NET CURRENT LIABILITIES (4,768 ) (80 )
TOTAL ASSETS LESS CURRENT LIABILITIES 271,641 280,329

CREDITORS
Amounts falling due after more than one year 8 283,653 279,500
NET (LIABILITIES)/ASSETS (12,012 ) 829

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (12,112 ) 729
(12,012 ) 829

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

Sea Forever Limited (Registered number: 13715148)

Balance Sheet - continued
31 October 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 24 July 2024 and were signed by:





Mr P R Stanford - Director


Sea Forever Limited (Registered number: 13715148)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

Sea Forever 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 consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost

All tangible fixed assets are recorded at cost, being purchase price, less accumulated depreciation.

Leasehold property is reviewed for any reduction in value but due to the constant spend on property the directors are of the opinion that there is no material difference to the carrying value and the market value and that any amortisation would not give a true and fair view of the freehold property

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.

3. EMPLOYEES AND DIRECTORS

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

Sea Forever Limited (Registered number: 13715148)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Long and
leasehold fittings Totals
£    £    £   
COST
At 1 November 2022
and 31 October 2023 264,408 20,000 284,408
DEPRECIATION
At 1 November 2022 - 4,000 4,000
Charge for year - 4,000 4,000
At 31 October 2023 - 8,000 8,000
NET BOOK VALUE
At 31 October 2023 264,408 12,000 276,408
At 31 October 2022 264,408 16,000 280,408

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 November 2022
and 31 October 2023 1
NET BOOK VALUE
At 31 October 2023 1
At 31 October 2022 1

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/10/23 31/10/22
£    £   
Trade debtors 2,666 -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/10/23 31/10/22
£    £   
Trade creditors 2,449 -
Other creditors 5,069 2,450
7,518 2,450

Sea Forever Limited (Registered number: 13715148)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31/10/23 31/10/22
£    £   
Other creditors 283,653 279,500

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Other loans due after 5 years 203,723 203,384

9. SECURED DEBTS

The following secured debts are included within creditors:

31/10/23 31/10/22
£    £   
Other loans 203,723 203,384

10. RELATED PARTY DISCLOSURES

Included in other creditors due after more than one year are the following loans:

Red Gables Freehold Limited £72,192 (2022: £72,192)
Red Gables Management Limited £nil (2022: £832)
Amicon (Europe) Limited £7,738 (2022: £3,092)

Mr P R Stanford is the ultimate controlling party of the first two companies and he and his wife are jointly the ultimate controlling party of the latter company, the loans are interest free with no fixed terms for repayment.

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr P R Stanford.