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REGISTERED NUMBER: 07434651 (England and Wales)









FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

SEAROCK DEVELOPMENTS LIMITED

SEAROCK DEVELOPMENTS LIMITED (REGISTERED NUMBER: 07434651)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SEAROCK DEVELOPMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTORS: J S Attwood
P Attwood





SECRETARY: J S Attwood





REGISTERED OFFICE: Mount Howe
Exeter
Devon
EX3 0BG





REGISTERED NUMBER: 07434651 (England and Wales)





ACCOUNTANTS: TC Group
The Old Carriage Works
Moresk Road
Truro
Cornwall
TR1 1DG

SEAROCK DEVELOPMENTS LIMITED (REGISTERED NUMBER: 07434651)

BALANCE SHEET
30 NOVEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 53,220 66,525

CURRENT ASSETS
Stocks 1,171,081 1,158,055
Cash at bank and in hand 7,115 9,566
1,178,196 1,167,621
CREDITORS
Amounts falling due within one year 5 1,073,991 1,048,413
NET CURRENT ASSETS 104,205 119,208
TOTAL ASSETS LESS CURRENT
LIABILITIES

157,425

185,733

CREDITORS
Amounts falling due after more than one
year

6

314,716

308,293
NET LIABILITIES (157,291 ) (122,560 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (157,391 ) (122,660 )
SHAREHOLDERS' FUNDS (157,291 ) (122,560 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 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.

SEAROCK DEVELOPMENTS LIMITED (REGISTERED NUMBER: 07434651)

BALANCE SHEET - continued
30 NOVEMBER 2023


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 25 November 2024 and were signed on its behalf by:





J S Attwood - Director


SEAROCK DEVELOPMENTS LIMITED (REGISTERED NUMBER: 07434651)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1. STATUTORY INFORMATION

Searock Developments 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.

The company has net liabilities of £157,291 (2022: £122,560) in its balance sheet. The company is supported by loans from its directors and other parties, and this support is expected to continue. The Directors, having reviewed their expectations for a period of 12 months, consider the company to be a going concern, and have prepared the accounts on this basis.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2022
and 30 November 2023 83,156
DEPRECIATION
At 1 December 2022 16,631
Charge for year 13,305
At 30 November 2023 29,936
NET BOOK VALUE
At 30 November 2023 53,220
At 30 November 2022 66,525

SEAROCK DEVELOPMENTS LIMITED (REGISTERED NUMBER: 07434651)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other loans 115,396 111,328
Trade creditors 1,440 -
Other creditors 3,086 3,088
Directors' current accounts 952,557 932,557
Accrued expenses 1,512 1,440
1,073,991 1,048,413

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Other loans - 1-2 years 314,716 308,293

7. RELATED PARTY DISCLOSURES

The directors were owed £952,557 by the company at 30 November 2022. (2022: £932,557). The sum due to the Directors was free of interest, and repayable on demand.

The Director, P Attwood, is a representative of Moseley Resources Ltd. Moseley Resources Ltd was owed £430,111 at 30 November 2023, with interest charged upon the loan of £10,491.