Registered number
09881492
SEETA INVESTMENTS LTD
Unaudited Filleted Accounts
30 November 2023
SEETA INVESTMENTS LTD
Registered number: 09881492
Balance Sheet
as at 30 November 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 282,321 282,321
282,321 282,321
Current assets
Stocks - -
Debtors 4 - -
Cash at bank and in hand 26,640 27,658
26,640 27,658
Creditors: amounts falling due within one year 5 (103,915) (103,614)
Net current liabilities (77,275) (75,956)
Total assets less current liabilities 205,046 206,365
Creditors: amounts falling due after more than one year 6 (201,261) (199,281)
Provisions for liabilities - -
Net assets 3,785 7,084
Capital and reserves
Called up share capital 100 100
Profit and loss account 3,685 6,984
Shareholders' funds 3,785 7,084
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Y Jivan
Director
Approved by the board on 16 August 2024
SEETA INVESTMENTS LTD
Notes to the Accounts
for the year ended 30 November 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rental of investment property.
Tangible fixed assets
Investment properties for which fair values can be measured reliably without undue cost or effort are measured at fair value at each reporting date with changes in fair value recognised in profit and loss.
Properties are valued by the directors, based on evaluation of current property market.
Investments
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Investment Property Total
£ £
Cost
At 1 December 2022 282,321 282,321
Additions - -
Surplus on revaluation - -
Disposals - -
At 30 November 2023 282,321 282,321
Depreciation
At 1 December 2022 - -
Charge for the year - -
Surplus on revaluation - -
On disposals - -
At 30 November 2023 - -
Net book value
At 30 November 2023 282,321 282,321
At 30 November 2022 282,321 282,321
4 Debtors 2023 2022
£ £
Trade debtors - -
Other debtors - -
- -
Amounts due after more than one year included above - -
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 1,339 1,339
Taxation and social security costs - 742
Other creditors 102,576 101,533
103,915 103,614
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 201,261 199,281
201,261 199,281
7 Loans 2023 2022
£ £
Creditors include:
Instalments falling due for payment after more than five years 201,260 199,281
201,260 199,281
Secured bank loans 201,260 199,281
The Loan is secured by way of legal charge over the company's investment property plus directors' personal guarantees in the sum of £150,000.
8 Capital commitments
There were no capital commitments at 30 November 2023.
9 Contingent liabilities
There were no contingent liabilities at 30 November 2023.
10 Controlling party
The two directors together with their family own 100% of the issued share capital.
11 Other information
SEETA INVESTMENTS LTD is a private company limited by shares and incorporated in England. Its registered office is:
6 Barn Close
Radlett
England
WD7 8LN
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