1 March 2023 v2024.56.1 limited_company_frs_102_section_1a_v1_1_2 companies_houseSoftwarefalsetruetruetrueNo description of principal activityfalsexbrli:purexbrli:sharesiso4217:GBP112049322023-03-012024-02-29112049322024-02-29112049322023-02-2811204932core:ShareCapital2024-02-2911204932core:ShareCapital2023-02-2811204932bus:Director12023-03-012024-02-2911204932bus:RegisteredOffice2023-03-012024-02-29112049322022-03-012023-02-2811204932core:CostValuation2023-03-0111204932core:CostValuation2024-02-291120493212023-03-012024-02-2911204932countries:EnglandWales2023-03-012024-02-2911204932bus:AuditExemptWithAccountantsReport2023-03-012024-02-2911204932bus:PrivateLimitedCompanyLtd2023-03-012024-02-2911204932bus:SmallEntities2023-03-012024-02-2911204932bus:FullAccounts2023-03-012024-02-29
Company registration number:
11204932
Seamless Group Ltd
Unaudited Filleted Financial Statements for the year ended
29 February 2024
Seamless Group Ltd
Statement of Financial Position
29 February 2024
20242023
Note££
Fixed assets    
Investments 5
100
 
100
 
Total assets less current liabilities 100   100  
Capital and reserves    
Called up share capital
100
 
100
 
Profit and loss account -   -  
Shareholders funds
100
 
100
 
For the year ending
29 February 2024
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
  • The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
  • The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
financial statements
have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies’ regime.
These
financial statements
were approved by the board of directors and authorised for issue on
20 September 2024
, and are signed on behalf of the board by:
Mr J Riedel
Director
Company registration number:
11204932
Seamless Group Ltd
Notes to the Financial Statements
Year ended
29 February 2024

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
First Floor Willow House
,
Kingswood Business Park
,
Holyhead Road
,
West Midlands
,
WV7 3AU
, United Kingdom.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Going concern

These financial statements have been prepared on the going concern basis, as being appropriate by the director.

Consolidation

The entity has taken advantage of the option not to prepare consolidated
financial statements
contained in Section 398 of the Companies Act 2006 on the basis that the entity and its subsidiary undertakings comprise a small group.

Fixed asset investments

Investments in subsidiaries, associates and joint ventures accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses.
Investments in subsidiaries, associates and joint ventures accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income or profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted.
Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.
Other fixed asset investments which are listed are measured at fair value with changes in fair value being recognised in profit or loss.
All other Investments held as fixed assets are initially recorded at cost, and are subsequently stated at cost less any accumulated impairment losses.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

4 Average number of employees

The average number of persons employed by the company during the year was
1
(2023:
1.00
).

5 Investments

Shares in group undertakings and participating interests
£
Cost  
At
1 March 2023
100
 
At
29 February 2024
100
 
Impairment  
At
1 March 2023
and
29 February 2024
-  
Carrying amount  
At
29 February 2024
100
 
At 28 February 2023
100
 

7 Controlling party

The ultimate controlling party is Mr J Riedel.