Company registration number 11513931
SE2 Capital Limited
Unaudited Financial Statements
for the year ended 31 March 2024
Cavendish Bond
Chartered Accountants
Bentinck House
3 - 8 Bolsover Street
London
W1W 6AB
SE2 Capital Limited
Financial statements for the year ended 31 March 2024
Chartered Accountants' report to the board of directors on the preparation of the unaudited financial statements of SE2 Capital Limited for the year ended 31 March 2024
In order to assist you to fulfil your duties under the Companies Act 2006 we have prepared for your approval the financial statements of SE2 Capital Limited for the year ended 31 March 2024, which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/members/regulations-standards-and-guidance.
This report is made solely to the Board of Directors of SE2 Capital Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the financial statements of SE2 Capital Limited and state those matters that we have agreed to state to the Board of Directors of SE2 Capital Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than SE2 Capital Limited and its Board of Directors, as a body, for our work or for this report.
It is your duty to ensure that SE2 Capital Limited has kept adequate accounting records and to prepare financial statements that give a true and fair view of the assets, liabilities, financial position and profit or loss of SE2 Capital Limited. You consider that SE2 Capital Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of SE2 Capital Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Cavendish Bond
Chartered Accountants
Bentinck House
3 - 8 Bolsover Street
London
W1W 6AB
27 December 2024
SE2 Capital Limited
Financial statements for the year ended 31 March 2024
Balance Sheet
Notes 2024 2023
£ £
Current assets
Debtors 3 45,900 51,591
Creditors: amounts falling due within one year 4 (47,024) (52,670)
Net current liabilities (1,124) (1,079)
Net liabilities (1,124) (1,079)
Capital and reserves
Called up share capital 1 1
Profit and loss account (1,125) (1,080)
Shareholder's funds (1,124) (1,079)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The financial statements have been prepared in accordance with the special provisions for small companies within Part 15 of the Companies Act 2006. The company's profit and loss account for the year has not been delivered to the Registrar of Companies.
These financial statements were approved by the board on 26 December 2024 and are signed on its behalf by
Luke McManus
Director
Company registration number 11513931
SE2 Capital Limited
Financial statements for the year ended 31 March 2024
Notes to the Financial Statements
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland, as applicable to companies subject to the small entities regime.
Going concern
The company had net liabilities and net current liabilities at the balance sheet date. The company’s director has considered the company’s future cash requirements, and the resources available to it, and is satisfied that the company should be able to continue in operational existence for at least a year from the data of approval of these financial statements. The financial statements have therefore been prepared on a going concern basis.
Turnover
Turnover is recognised when the service is consumed and is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.
Debtors
Short term debtors are measured at transaction price less any provision for bad and doubtful debts. Loans and other financial assets are initially recognised at fair value, taking account of any transaction costs, and are subsequently measured at amortised cost using the effective interest method, less any impairment losses.
Creditors
Short term creditors are measured at the transaction price. Loans and other financial liabilities are initially recognised at fair value, taking account of any transaction costs, and are subsequently measured at amortised cost using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference. Current and deferred tax assets and liabilities are not discounted.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument those financial instruments are classified as financial liabilities and are presented as such in the balance sheet.

Where the contractual terms of financial instruments do not meet the definition of a financial liability those financial instruments are classified as equity instruments. Dividends and other distributions relating to equity instruments are debited directly to equity.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company - -
3 Debtors 2024 2023
£ £
Amounts owed by group undertakings 45,900 36,515
Other debtors - 15,076
45,900 51,591
4 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 47,024 45,877
Taxes and social security costs - 6,793
47,024 52,670
5 Related party transactions
The company's immediate and ultimate parent company is Thomas S James Limited whose registered office is c/o Cavendish Bond, Bentinck House, 3 - 8 Bolsover Street, London, W1W 6AB. Thomas S James Limited does not prepare consolidated financial statements.
6 Other information
SE2 Capital Limited is a private company limited by shares and incorporated in England. Its registered office is:
Bentinck House
3 - 8 Bolsover Street
London
W1W 6AB
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