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REGISTERED NUMBER: 13946858 (England and Wales)















Seeder Bridging Loans Limited

Unaudited Financial Statements for the Year Ended 31 March 2024






Seeder Bridging Loans Limited (Registered number: 13946858)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Seeder Bridging Loans Limited

Company Information
for the Year Ended 31 March 2024







Directors: H J Phillips
A M Wilkins





Registered office: C/o Deloitte Llp
5 Callaghan Square
Cardiff
United Kingdom
CF10 5BT





Registered number: 13946858 (England and Wales)





Accountants: Haines Watts Wales LLP
7 Neptune Court
Vanguard Way
Cardiff
CF24 5PJ

Seeder Bridging Loans Limited (Registered number: 13946858)

Balance Sheet
31 March 2024

2024 2023
Notes £    £   
Current assets
Debtors 4 387 133
Cash at bank 4,579 1,819
4,966 1,952
Creditors
Amounts falling due within one year 5 (16,533 ) (10,561 )
Net current liabilities (11,567 ) (8,609 )
Total assets less current liabilities (11,567 ) (8,609 )

Capital and reserves
Called up share capital 6 400 400
Retained earnings 7 (11,967 ) (9,009 )
Shareholders' funds (11,567 ) (8,609 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

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 10 September 2024 and were signed on its behalf by:





A M Wilkins - Director


Seeder Bridging Loans Limited (Registered number: 13946858)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. Statutory information

Seeder Bridging Loans 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.

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.

Going Concern
As at 31 March 2024, the company had net current liabilities of £11,567 and reported a loss before tax for the year end of £2,958.The directors have prepared the financial statements on a going concern basis which they consider to be appropriate for the following reasons.

The company's loss for the financial period and its net liability position was largely driven as a result of its initial setup and annual regulatory costs. As at the date of approval of these financial statements, the company has not yet commenced trading, however it is the intention of the directors that the business will begin trading within 12 months of the date of approval of these financial statements.

Until the company commences trading and becomes cash generative, to continue meeting its liabilities it relies on funding from its shareholders, who have indicated their ongoing intention to continue making funds available for at least 12 months from the date of approval of these financial statements. As with any company placing reliance on its shareholders for financial support, the directors acknowledge that there can be no certainty that this support will continue, although at the date of approval of these financial statements, they have no reason to believe that they will not do so.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

3. Employees and directors

The average number of employees during the year was NIL (2023 - NIL).

4. Debtors: amounts falling due within one year
2024 2023
£    £   
Prepayments 387 133

5. Creditors: amounts falling due within one year
2024 2023
£    £   
Trade creditors 13 -
Other creditors 14,600 9,600
Accrued expenses 1,920 961
16,533 10,561

6. Called up share capital

Allotted, issued and fully paid: 2024 2023
Number: Class: Nominal value: £ £
100 Ordinary £1 100 100
100 Ordinary A £1 100 100
100 Ordinary B £1 100 100
100 Ordinary C £1 100 100
100 100

Seeder Bridging Loans Limited (Registered number: 13946858)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. Reserves
Retained
earnings
£   

At 1 April 2023 (9,009 )
Deficit for the year (2,958 )
At 31 March 2024 (11,967 )

8. Ultimate controlling party

The ultimate controlling party is J R Phillips.