Registration number:
Seebeck 162 Limited
for the Year Ended 31 March 2024
Seebeck 162 Limited
Contents
Company Information |
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Statement of Financial Position |
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Notes to the Financial Statements |
Seebeck 162 Limited
Company Information
Directors |
D Gotts R E M Stuart L Lundkvist P J Wigh D W Plant |
Registered office |
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Independent Auditors |
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Seebeck 162 Limited
(Registration number: 11786022)
Statement of Financial Position as at 31 March 2024
Note |
2024 |
2023 |
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Non-current assets |
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Investments |
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Current assets |
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Receivables |
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Cash at bank and in hand |
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Payables: Amounts falling due within one year |
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- |
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Net current (liabilities)/assets |
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Net assets |
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Equity |
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Called up share capital |
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Retained earnings |
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Shareholders' funds |
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These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with the provisions of FRS 102 Section 1A - small entities.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Income statement.
The financial statements of Seebeck 162 Limited were approved and authorised for issue by the
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Director
Seebeck 162 Limited
Notes to the Financial Statements
for the Year Ended 31 March 2024
General information |
Seebeck 162 Limited (the 'company') is a private company limited by share capital, registered in England and Wales under the Companies Act. The address of the registered office is given on page 1. The nature of the company’s operations and its principal activities are set out in the directors' report on page 2.
Accounting policies |
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Going concern
The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future being at least 12 months from the date of signing the financial statements. Accordingly, they continue to adopt the going concern basis in preparing the company's financial statements.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
The functional currency of the company is considered to be pound sterling (£) because that is the currency of the primary economic environment in which the company operates. The financial statements are presented in pound sterling (£).
Summary of disclosure exemptions
The company meets the definition of a qualifying entity under FRS 102 and has therefore taken advantage of the disclosure exemptions available to it in respect of its separate financial statements. The company is consolidated in the financial statements of its ultimate parent undertaking, Lagercrantz Group AB, which may be obtained from Vasagatan 11, Stockholm, SE111 20, Sweden. Exemptions have been taken in these separate company financial statements in relation to financial instruments, presentation of a cash flow statement, transactions with group entities and remuneration of key management personnel.
Name of parent of group
These financial statements are consolidated in the financial statements of Lagercrantz AB.
The financial statements of Lagercrantz AB may be obtained from https://www.lagercrantz.com/en/financial-information.
Seebeck 162 Limited
Notes to the Financial Statements
for the Year Ended 31 March 2024 (continued)
2 |
Accounting policies (continued) |
Basis of exemption from preparing consolidated financial statements
Critical judgements and key sources of estimation uncertainties
There were no key sources of estimation uncertainties or critical judgements made by the directors in the process of applying the company’s accounting policies with significant effect on the amounts recognised in the financial statements.
Tax
The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Cash and cash equivalents
Cash and cash equivalents comprise bank current accounts that are subject to an insignificant risk of
change in value.
Payables
Payables are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Payables are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Financial instruments
Seebeck 162 Limited
Notes to the Financial Statements
for the Year Ended 31 March 2024 (continued)
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Investments |
2024 |
2023 |
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Investments in subsidiaries |
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Subsidiaries |
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Valuation |
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At 1 April 2023 |
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Provision |
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Carrying amount |
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At 31 March 2024 |
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At 31 March 2023 |
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Details of subsidiary undertaking
Details of the investments in which the company holds 20% or more of the nominal value of any class of share capital are as follows:
Undertaking |
Registered office |
Holding |
Proportion of voting rights and shares held |
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2024 |
2023 |
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Subsidiary undertakings |
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United Kingdom |
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Unit 3D North Point House, North Point Business Park, New Mallow Road, Cork, Ireland Ireland |
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Seebeck 162 Limited
Notes to the Financial Statements
for the Year Ended 31 March 2024 (continued)
Receivables |
2024 |
2023 |
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Income tax asset |
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Payables |
Payables: amounts falling due within one year
2024 |
2023 |
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Due within one year |
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Amounts due to group undertaking |
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- |
Amounts due to group undertaking is due within one year, not interest bearing and repayable on demand.
Share capital and reserves |
Allotted, called up and fully paid shares
2024 |
2023 |
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No. |
£ |
No. |
£ |
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250,000 |
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250,000 |
The company has one class of share capital which carries no right to fixed income.
Reserves
The retained earnings reserve represents cumulative profit or losses net of dividends paid and other adjustments.
Seebeck 162 Limited
Notes to the Financial Statements
for the Year Ended 31 March 2024 (continued)
Parent and ultimate parent undertaking |
The company's immediate parent is
The address of the the ultimate controlling party is Vasagatan 11, Stockholm, SE111 20, Sweden.
Events after the financial period |
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Audit report |