Company Registration No. 12758391 (England and Wales)
Sebastry Ltd
Unaudited accounts
for the year ended 31 December 2023
Sebastry Ltd
Unaudited accounts
Contents
Sebastry Ltd
Company Information
for the year ended 31 December 2023
Company Number
12758391 (England and Wales)
Registered Office
135 Harbut Road
London
SW11 2RD
Sebastry Ltd
Statement of financial position
as at 31 December 2023
Investment property
740,462
432,440
Cash at bank and in hand
845
46,027
Creditors: amounts falling due within one year
(332,689)
(66,001)
Net current liabilities
(331,844)
(19,974)
Total assets less current liabilities
428,860
412,466
Creditors: amounts falling due after more than one year
(424,973)
(400,973)
Called up share capital
30,000
30,000
Profit and loss account
(26,113)
(18,507)
Shareholders' funds
3,887
11,493
For the year ending 31 December 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 5 September 2024 and were signed on its behalf by
T J Acton
Director
Company Registration No. 12758391
Sebastry Ltd
Notes to the Accounts
for the year ended 31 December 2023
Sebastry Ltd is a private company, limited by shares, registered in England and Wales, registration number 12758391. The registered office is 135 Harbut Road, London, SW11 2RD.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
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
20% Straight Line Basis
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Sebastry Ltd
Notes to the Accounts
for the year ended 31 December 2023
4
Tangible fixed assets
Fixtures & fittings
At 31 December 2023
25,302
At 31 December 2023
20,242
Fair value at 1 January 2023
432,440
At 31 December 2023
740,462
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
322,005
66,001
Loans from directors
10,684
-
7
Creditors: amounts falling due after more than one year
2023
2022
Loans from directors
424,973
400,973
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).