Registered number
12946037
SEB CAPITAL LIMITED
Filleted Accounts
31 March 2024
SEB CAPITAL LIMITED
Registered number: 12946037
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 1,200,883 87,261
Investments 4 180,000 419,000
1,380,883 506,261
Current assets
Debtors 5 31,500 -
Cash at bank and in hand 45,724 486,316
77,224 486,316
Creditors: amounts falling due within one year 6 (17,047) (23,404)
Net current assets 60,177 462,912
Total assets less current liabilities 1,441,060 969,173
Creditors: amounts falling due after more than one year 7 (110,767) (268,846)
Provisions for liabilities (5,130) (5,130)
Net assets 1,325,163 695,197
Capital and reserves
Called up share capital 752,894 752,894
Profit and loss account 572,269 (57,697)
Shareholders' funds 1,325,163 695,197
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.
T Bodani
Director
Approved by the board on 6 September 2024
SEB CAPITAL LIMITED
Notes to the Accounts
for the year ended 31 March 2024
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 represents gross rents receivable. Rental income is recognised in the period that the rent is due.
Intangible fixed assets
Intangible fixed assets are crypto currencies and are measured at value.
Investments
Investment property is shown at the most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.
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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Intangible fixed assets £
Crypto assets
Cost or valuation
At 1 April 2023 87,261
Additions 3,831,754
Disposals (3,312,070)
Revaluation 593,938
At 31 March 2024 1,200,883
Amortisation
At 31 March 2024 -
Net book value
At 31 March 2024 1,200,883
At 31 March 2023 87,261
4 Investments
Other
investments
£
Cost
At 1 April 2023 419,000
Disposals (239,000)
At 31 March 2024 180,000
5 Debtors 2024 2023
£ £
Amounts owed by group undertakings and undertakings in which the company has a participating interest 31,500 -
6 Creditors: amounts falling due within one year 2024 2023
£ £
Other creditors 17,047 23,404
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 110,767 268,846
8 Other information
SEB CAPITAL LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
C/O Cryptax, Thursby House
Thursby Road
Bromborough
Wirral
CH62 3PW
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