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Registered number: 01159212
Seyab Limited
Unaudited ABRIDGED Financial Statements
For The Year Ended 30 April 2024
Unaudited Financial Statements
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Balance Sheet
Registered number: 01159212
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 901 1,201
Investment Properties 5 250,000 250,000
250,901 251,201
CURRENT ASSETS
Debtors 16,833 16,923
Cash at bank and in hand 304 1,208
17,137 18,131
Creditors: Amounts Falling Due Within One Year (7,459 ) (2,589 )
NET CURRENT ASSETS (LIABILITIES) 9,678 15,542
TOTAL ASSETS LESS CURRENT LIABILITIES 260,579 266,743
PROVISIONS FOR LIABILITIES
Deferred Taxation (42,378 ) (42,378 )
NET ASSETS 218,201 224,365
CAPITAL AND RESERVES
Called up share capital 6 50,000 50,000
Fair Value Reserve 7 180,667 180,667
Profit and Loss Account (12,466 ) (6,302 )
SHAREHOLDERS' FUNDS 218,201 224,365
Page 1
Page 2
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
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 Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
All of the company's members have consented to the preparation of an Abridged Balance Sheet for the year end 30 April 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr Daniel Bayes
Director
17 January 2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
Seyab Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01159212 . The registered office is 107 Cleethorpe Road , Grimsby , North East Lincolnshire , DN31 3ER.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Computer Equipment 25% reducing balance
2.3. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Tangible Assets
Total
£
Cost
As at 1 May 2023 1,441
As at 30 April 2024 1,441
Depreciation
As at 1 May 2023 240
Provided during the period 300
As at 30 April 2024 540
Net Book Value
As at 30 April 2024 901
As at 1 May 2023 1,201
5. Investment Property
2024
£
Fair Value
As at 1 May 2023 and 30 April 2024 250,000
6. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 50,000 50,000
Page 3
Page 4
7. Reserves
Fair Value Reserve
£
As at 1 May 2023 180,667
As at 30 April 2024 180,667
Page 4