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REGISTERED NUMBER: 10343825 (England and Wales)










Seiont Limited

Unaudited Financial Statements

for the Year Ended 31 March 2024






Seiont Limited (Registered number: 10343825)






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


Seiont Limited

Company Information
for the year ended 31 March 2024







DIRECTORS: Mr H G Jones
Mr J P Dielhof





SECRETARY: Mrs H M L Morgan





REGISTERED OFFICE: Ty Glyn
Canol y Dre
Ruthin
Denbighshire
LL15 1QW





REGISTERED NUMBER: 10343825 (England and Wales)





ACCOUNTANTS: Salisbury & Company
Chartered Accountants
Irish Square
Upper Denbigh Road
St Asaph
Denbighshire
LL17 0RN

Seiont Limited (Registered number: 10343825)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 882,439 882,439

CURRENT ASSETS
Debtors 5 137 856
Cash at bank 87,319 82,365
87,456 83,221
CREDITORS
Amounts falling due within one year 6 411,809 406,001
NET CURRENT LIABILITIES (324,353 ) (322,780 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

558,086

559,659

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 557,986 559,559
558,086 559,659

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 12 November 2024 and were signed on its behalf by:





Mr H G Jones - Director


Seiont Limited (Registered number: 10343825)

Notes to the Financial Statements
for the year ended 31 March 2024

1. STATUTORY INFORMATION

Seiont 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Freehold property is held at cost and is reviewed annually for impairment, being recognised as the deemed recoverable value.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Debtors
Short term debtors are measured at transaction price, less any impairment.

Creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost.

Provisions for liabilities
Provisions are recognised when the company has a present obligation (legal or constructive) as a a result of a past event, it is probable that the company will be required to settle the obligation, and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the end of the reporting period, taking into account the risks and uncertainties surrounding the obligation.

Restoration provision
The company aims to reinstate land following mineral extraction or industrial occupation to a beneficial use as soon as is reasonably practicable. This is performed by consulting with interested parties to ensure that the after use is appropriate to both the needs of local people and the natural environment.

The Company's accounting policy is to make a provision on the basis to return a quarry site to a decontaminated, cleared and improved site and to make a provision to restore the present extracted areas to currently anticipated after use.

Seiont Limited (Registered number: 10343825)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS

Freehold property is held at cost and is reviewed annually for impairment, being recognised as the deemed recoverable amount, no depreciation is provided.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 137 856

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 5,809 1
Other creditors 406,000 406,000
411,809 406,001

7. ULTIMATE CONTROLLING PARTY

The ultimate control lies with Mrs H M L Morgan, Mrs C A Johnson, Mr H Jones and Mrs B Jones, who between them own all the equity share capital of Jones Bros Developments Holdings Limited.