IRIS Accounts Production v24.2.0.383 01546024 Board of Directors 1.1.23 31.12.23 31.12.23 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh015460242022-12-31015460242023-12-31015460242023-01-012023-12-31015460242021-12-31015460242022-01-012022-12-31015460242022-12-3101546024ns15:EnglandWales2023-01-012023-12-3101546024ns14:PoundSterling2023-01-012023-12-3101546024ns10:Director12023-01-012023-12-3101546024ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3101546024ns10:SmallEntities2023-01-012023-12-3101546024ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3101546024ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3101546024ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3101546024ns10:FullAccounts2023-01-012023-12-3101546024ns10:OrdinaryShareClass12023-01-012023-12-3101546024ns10:Director22023-01-012023-12-3101546024ns10:Director32023-01-012023-12-3101546024ns10:RegisteredOffice2023-01-012023-12-3101546024ns5:CurrentFinancialInstruments2022-12-3101546024ns5:CurrentFinancialInstruments2023-12-3101546024ns5:Non-currentFinancialInstruments2022-12-3101546024ns5:Non-currentFinancialInstruments2023-12-3101546024ns5:ShareCapital2022-12-3101546024ns5:ShareCapital2023-12-3101546024ns5:RetainedEarningsAccumulatedLosses2022-12-3101546024ns5:RetainedEarningsAccumulatedLosses2023-12-3101546024ns5:LeaseholdImprovements2022-12-3101546024ns5:FurnitureFittings2022-12-3101546024ns5:ComputerEquipment2022-12-3101546024ns5:LeaseholdImprovements2023-01-012023-12-3101546024ns5:FurnitureFittings2023-01-012023-12-3101546024ns5:ComputerEquipment2023-01-012023-12-3101546024ns5:LeaseholdImprovements2023-12-3101546024ns5:FurnitureFittings2023-12-3101546024ns5:ComputerEquipment2023-12-3101546024ns5:LeaseholdImprovements2022-12-3101546024ns5:FurnitureFittings2022-12-3101546024ns5:ComputerEquipment2022-12-3101546024ns5:CostValuation2022-12-3101546024ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3101546024ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-3101546024ns10:OrdinaryShareClass12023-12-31
REGISTERED NUMBER: 01546024 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

SEACHOICE LIMITED

SEACHOICE LIMITED (REGISTERED NUMBER: 01546024)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SEACHOICE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: C L B Niven
B H Houlihan
M McNamee





REGISTERED OFFICE: 61 Station Road
Sudbury
Suffolk
CO10 2SP





REGISTERED NUMBER: 01546024 (England and Wales)





ACCOUNTANTS: Seago and Stopps
Chartered Certified Accountants
61 Station Road
Sudbury
Suffolk
CO10 2SP

SEACHOICE LIMITED (REGISTERED NUMBER: 01546024)

BALANCE SHEET
31 DECEMBER 2023

31.12.22 31.12.23
£    £    Notes £    £   
FIXED ASSETS
22,572 Tangible assets 4 46,755
140,426 Investments 5 140,426
162,998 187,181

CURRENT ASSETS
151,133 Debtors 6 153,134
120,315 Cash at bank and in hand 100,068
271,448 253,202
CREDITORS
283,523 Amounts falling due within one year 7 95,976
(12,075 ) NET CURRENT ASSETS/(LIABILITIES) 157,226
150,923 TOTAL ASSETS LESS CURRENT
LIABILITIES

344,407

CREDITORS
(44,385 ) Amounts falling due after more than one
year

8

(219,298

)

(4,288 ) PROVISIONS FOR LIABILITIES (8,883 )
102,250 NET ASSETS 116,226

CAPITAL AND RESERVES
100 Called up share capital 9 100
102,150 Retained earnings 116,126
102,250 SHAREHOLDERS' FUNDS 116,226

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

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

The directors acknowledge their 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.

SEACHOICE LIMITED (REGISTERED NUMBER: 01546024)

BALANCE SHEET - continued
31 DECEMBER 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 Board of Directors and authorised for issue on 17 September 2024 and were signed on its behalf by:





C L B Niven - Director


SEACHOICE LIMITED (REGISTERED NUMBER: 01546024)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Seachoice 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 the value of work completed and invoiced during the year and after taking into account the movement between the opening and closing trade debtor balances.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Building improvements-20% on cost
Office equipment -20% on cost
Cinema equipment -20% on cost

Financial instruments
The company enters into basic financial instrument transactions, as appropriate and as and when required, that result in the recognition of financial assets and liabilities within the financial statemernts such as trade and other accounts receivable and payable, bank loans and hire purchase and lease contracts.

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.

SEACHOICE LIMITED (REGISTERED NUMBER: 01546024)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

2. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Investments
Fixed asset investments are stated at cost.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

4. TANGIBLE FIXED ASSETS
Building Office Cinema
Totals improvements equipment equipment
£    £    £    £   
COST
At 1 January 2023 113,741 9,201 30,528 74,012
Additions 37,165 - 3,769 33,396
Disposals (52,756 ) - (3,372 ) (49,384 )
At 31 December 2023 98,150 9,201 30,925 58,024
DEPRECIATION
At 1 January 2023 91,169 9,201 27,658 54,310
Charge for year 12,910 - 1,304 11,606
Eliminated on disposal (52,684 ) - (3,300 ) (49,384 )
At 31 December 2023 51,395 9,201 25,662 16,532
NET BOOK VALUE
At 31 December 2023 46,755 - 5,263 41,492
At 31 December 2022 22,572 - 2,870 19,702

5. FIXED ASSET INVESTMENTS

31.12.23 31.12.22
£    £   
Investments 140,426 140,426

SEACHOICE LIMITED (REGISTERED NUMBER: 01546024)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

5. FIXED ASSET INVESTMENTS - continued

Additional information is as follows:
Other
investments
£   
COST
At 1 January 2023
and 31 December 2023 500
NET BOOK VALUE
At 31 December 2023 500
At 31 December 2022 500

Investments (neither listed nor unlisted) were as follows:
31.12.23 31.12.22
£    £   
Loan Colne Bar Properties Ltd 139,926 139,926

The long term loan to Colne Bar Properties Limited is repayable by mutual consent or on termination of the property lease to Seachoice Limited.

The company's investments consist of the following:

£   
500 Ordinary shares of £1 each in Seachoice (Scandinavia) Limited 500

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 75,136 55,750
Other debtors 77,998 95,383
153,134 151,133

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 3,885 3,102
Trade creditors 65,272 52,826
Taxation and social security 5,469 1,925
Other creditors 21,350 225,670
95,976 283,523

SEACHOICE LIMITED (REGISTERED NUMBER: 01546024)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans 40,674 44,385
Other creditors 178,624 -
219,298 44,385

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 14,034 25,770

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
100 Ordinary £1 100 100