Company Registration No. 14185129 (England and Wales)
Seafarer Venture Ltd
Unaudited accounts
for the period from 21 June 2022 to 30 June 2023
Seafarer Venture Ltd
Unaudited accounts
Contents
Seafarer Venture Ltd
Company Information
for the period from 21 June 2022 to 30 June 2023
Directors
Daniel Newburg
Anna Smith
Company Number
14185129 (England and Wales)
Registered Office
268 Belsize Road
London
NW6 4BT
United Kingdom
Seafarer Venture Ltd
Statement of financial position
as at 30 June 2023
Cash at bank and in hand
45,195
Creditors: amounts falling due within one year
(488,741)
Net current liabilities
(430,139)
Called up share capital
100
Profit and loss account
(1,311)
Shareholders' funds
(1,211)
For the period ending 30 June 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 directors acknowledge their 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 of Directors and authorised for issue on 19 September 2024 and were signed on its behalf by
Daniel Newburg
Director
Company Registration No. 14185129
Seafarer Venture Ltd
Notes to the Accounts
for the period from 21 June 2022 to 30 June 2023
Seafarer Venture Ltd is a private company, limited by shares, registered in England and Wales, registration number 14185129. The registered office is 268 Belsize Road, London, NW6 4BT, United Kingdom.
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 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.
The company's financial statements are prepared on a going concern basis on the grounds that current and future sources of funding or support from the directors will be continued to be received.
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:
Plant & machinery
10% - straight line
Motor vehicles
2% - straight line (once vessel restored)
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
Additions
32,369
399,796
432,165
At 30 June 2023
32,369
399,796
432,165
Charge for the period
3,237
-
3,237
At 30 June 2023
3,237
-
3,237
At 30 June 2023
29,132
399,796
428,928
Amounts falling due within one year
Seafarer Venture Ltd
Notes to the Accounts
for the period from 21 June 2022 to 30 June 2023
6
Creditors: amounts falling due within one year
2023
Loans from directors
406,062
7
Average number of employees
During the period the average number of employees was 2.