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REGISTERED NUMBER: 05070816 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Seguro Management Limited

Seguro Management Limited (Registered number: 05070816)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Seguro Management Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mr C Carruthers
Mr R Evans
Mr A H E Meichsner





REGISTERED OFFICE: Military House
24 Castle Street
Chester
Cheshire
CH1 2DS





REGISTERED NUMBER: 05070816 (England and Wales)





ACCOUNTANTS: Haines Watts
Military House
24 Castle Street
Chester
Cheshire
CH1 2DS

Seguro Management Limited (Registered number: 05070816)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,811 5,258
Investments 5 101,095 312,812
105,906 318,070

CURRENT ASSETS
Debtors 6 5,802 1,878
Cash at bank and in hand 476,600 194,425
482,402 196,303
CREDITORS
Amounts falling due within one year 7 89,848 51,895
NET CURRENT ASSETS 392,554 144,408
TOTAL ASSETS LESS CURRENT
LIABILITIES

498,460

462,478

PROVISIONS FOR LIABILITIES 1,153 999
NET ASSETS 497,307 461,479

CAPITAL AND RESERVES
Called up share capital 400 400
Retained earnings 496,907 461,079
SHAREHOLDERS' FUNDS 497,307 461,479

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.

Seguro Management Limited (Registered number: 05070816)

Balance Sheet - continued
31 March 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 December 2024 and were signed on its behalf by:




Mr C Carruthers - Director Mr R Evans - Director




Mr A H E Meichsner - Director


Seguro Management Limited (Registered number: 05070816)

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

1. STATUTORY INFORMATION

Seguro Management 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 financial statements are presented in sterling which is the functional currency of the company, rounded to the nearest £1.

Turnover
Turnover represents the total invoice value, excluding value added tax, of sales made during the year.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures, fittings and equipment - 15% on reducing balance
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 6 ) .

Seguro Management Limited (Registered number: 05070816)

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

4. TANGIBLE FIXED ASSETS
Fixtures,
fittings
and Computer
equipment equipment Totals
£    £    £   
COST
At 1 April 2023 14,537 - 14,537
Additions - 510 510
At 31 March 2024 14,537 510 15,047
DEPRECIATION
At 1 April 2023 9,279 - 9,279
Charge for year 789 168 957
At 31 March 2024 10,068 168 10,236
NET BOOK VALUE
At 31 March 2024 4,469 342 4,811
At 31 March 2023 5,258 - 5,258

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 April 2023 312,812
Additions 9,098
Disposals (220,815 )
At 31 March 2024 101,095
NET BOOK VALUE
At 31 March 2024 101,095
At 31 March 2023 312,812

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 5,802 1,878

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 15,258 9,680
Taxation and social security 68,683 36,758
Other creditors 5,907 5,457
89,848 51,895

Seguro Management Limited (Registered number: 05070816)

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

8. RELATED PARTY DISCLOSURES

During the year, total dividends of £75,020 (2023 - £81,686) were paid to the directors .

During the year the company has purchased professional services to the value of £18,000 (2023: £18,000) from Freedom Business Coaching Ltd, an entity in which the director R Evans is sole director and shareholder.

During the year the company has also purchased professional services to the value of £30,000 (2023: £30,000) from the director A Meichsner.