Silverfin false false 31/05/2024 01/06/2023 31/05/2024 T Segrue 19/11/2020 K Segrue 19/11/2020 28 October 2024 The principal activity of the company continued to be that of property development. 13031203 2024-05-31 13031203 bus:Director1 2024-05-31 13031203 bus:Director2 2024-05-31 13031203 2023-05-31 13031203 core:CurrentFinancialInstruments 2024-05-31 13031203 core:CurrentFinancialInstruments 2023-05-31 13031203 core:ShareCapital 2024-05-31 13031203 core:ShareCapital 2023-05-31 13031203 core:RetainedEarningsAccumulatedLosses 2024-05-31 13031203 core:RetainedEarningsAccumulatedLosses 2023-05-31 13031203 core:OtherPropertyPlantEquipment 2023-05-31 13031203 core:OtherPropertyPlantEquipment 2024-05-31 13031203 bus:OrdinaryShareClass1 2024-05-31 13031203 2023-06-01 2024-05-31 13031203 bus:FilletedAccounts 2023-06-01 2024-05-31 13031203 bus:SmallEntities 2023-06-01 2024-05-31 13031203 bus:AuditExemptWithAccountantsReport 2023-06-01 2024-05-31 13031203 bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 13031203 bus:Director1 2023-06-01 2024-05-31 13031203 bus:Director2 2023-06-01 2024-05-31 13031203 core:OtherPropertyPlantEquipment core:TopRangeValue 2023-06-01 2024-05-31 13031203 2022-06-01 2023-05-31 13031203 core:OtherPropertyPlantEquipment 2023-06-01 2024-05-31 13031203 bus:OrdinaryShareClass1 2023-06-01 2024-05-31 13031203 bus:OrdinaryShareClass1 2022-06-01 2023-05-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 13031203 (England and Wales)

SEGRUE INVESTMENTS LIMITED

Unaudited Financial Statements
For the financial year ended 31 May 2024
Pages for filing with the registrar

SEGRUE INVESTMENTS LIMITED

Unaudited Financial Statements

For the financial year ended 31 May 2024

Contents

SEGRUE INVESTMENTS LIMITED

COMPANY INFORMATION

For the financial year ended 31 May 2024
SEGRUE INVESTMENTS LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 May 2024
DIRECTORS T Segrue
K Segrue
REGISTERED OFFICE Woolley Avenue
Littlewick Green
Buckinghamshire
SL6 3BF
Maidenhead
United Kingdom
COMPANY NUMBER 13031203 (England and Wales)
ACCOUNTANT Evelyn Partners (Thames Valley) Limited
22 Wycombe End
Beaconsfield
Buckinghamshire
HP9 1NB
SEGRUE INVESTMENTS LIMITED

BALANCE SHEET

As at 31 May 2024
SEGRUE INVESTMENTS LIMITED

BALANCE SHEET (continued)

As at 31 May 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 513 770
513 770
Current assets
Stocks 4 4,613,684 3,209,900
Debtors 5 5,246 375,567
Cash at bank and in hand 38,531 1,118,841
4,657,461 4,704,308
Creditors: amounts falling due within one year 6 ( 4,701,132) ( 4,727,704)
Net current liabilities (43,671) (23,396)
Total assets less current liabilities (43,158) (22,626)
Provision for liabilities 4,881 4,978
Net liabilities ( 38,277) ( 17,648)
Capital and reserves
Called-up share capital 7 2 2
Profit and loss account ( 38,279 ) ( 17,650 )
Total shareholders' deficit ( 38,277) ( 17,648)

For the financial year ending 31 May 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Segrue Investments Limited (registered number: 13031203) were approved and authorised for issue by the Board of Directors on 28 October 2024. They were signed on its behalf by:

T Segrue
Director
SEGRUE INVESTMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 May 2024
SEGRUE INVESTMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 May 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Segrue Investments Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Woolley Avenue, Littlewick Green, Maidenhead, Buckinghamshire, SL6 3BF, Maidenhead, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’ issued by the Financial Reporting Council, including Section 1A of Financial Reporting Standard 102 (FRS102), and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The functional currency of Segrue Investments Limited is considered to be pounds sterling because that is the currency of the primary economic environment in which the Company operates.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
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 financial statements. 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 enacted or substantively enacted tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit. Deferred tax assets are recognised only to the extent that it is probable that future taxable profit will be available against which the temporary differences can be utilised.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc. 4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities.
Financial liabilities are derecognised when the Company’s contractual obligations expire or are discharged or cancelled.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 01 June 2023 1,027 1,027
At 31 May 2024 1,027 1,027
Accumulated depreciation
At 01 June 2023 257 257
Charge for the financial year 257 257
At 31 May 2024 514 514
Net book value
At 31 May 2024 513 513
At 31 May 2023 770 770

4. Stocks

2024 2023
£ £
Work in progress 4,613,684 3,209,900

5. Debtors

2024 2023
£ £
Trade debtors 0 328,810
Corporation tax 5,246 15,679
Other debtors 0 31,078
5,246 375,567

6. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 12,939 3,415
Other taxation and social security 3,463 0
Other creditors 4,684,730 4,724,289
4,701,132 4,727,704

7. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
2 Ordinary shares of £ 1.00 each 2 2