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REGISTERED NUMBER: 08185087 (England and Wales)
















Unaudited Financial Statements for the Year Ended 28 December 2023

for

Seegrow (Developments) Limited

Seegrow (Developments) Limited (Registered number: 08185087)






Contents of the Financial Statements
for the Year Ended 28 December 2023




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


Seegrow (Developments) Limited

Company Information
for the Year Ended 28 December 2023







DIRECTOR: Mr S J R Noel





REGISTERED OFFICE: Britannia Court
5 Moor Street
Worcester
Worcestershire
WR1 3DB





REGISTERED NUMBER: 08185087 (England and Wales)





ACCOUNTANTS: Chandler and Partners Limited
5 Moor Street
Worcester
Worcestershire
WR1 3DB

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Seegrow (Developments) Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Seegrow (Developments) Limited for the year ended 28 December 2023 which comprise the Statement of Income and Retained Earnings, 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 (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Seegrow (Developments) Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Seegrow (Developments) Limited and state those matters that we have agreed to state to the director of Seegrow (Developments) Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Seegrow (Developments) Limited and its director for our work or for this report.

It is your duty to ensure that Seegrow (Developments) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Seegrow (Developments) Limited. You consider that Seegrow (Developments) 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 Seegrow (Developments) 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 statutory financial statements.






Chandler and Partners Limited
5 Moor Street
Worcester
Worcestershire
WR1 3DB


Date: .............................................

Seegrow (Developments) Limited (Registered number: 08185087)

Balance Sheet
28 December 2023

28.12.23 28.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 23,072 28,236
Tangible assets 5 9,426 12,567
32,498 40,803

CURRENT ASSETS
Stocks 6 - 237,500
Debtors 7 77,206 83,247
Cash at bank 422 53
77,628 320,800
CREDITORS
Amounts falling due within one year 8 104,164 83,158
NET CURRENT (LIABILITIES)/ASSETS (26,536 ) 237,642
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,962

278,445

CREDITORS
Amounts falling due after more than one
year

9

136,347

338,905
NET LIABILITIES (130,385 ) (60,460 )

CAPITAL AND RESERVES
Called up share capital 400 400
Retained earnings (130,785 ) (60,860 )
(130,385 ) (60,460 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Seegrow (Developments) Limited (Registered number: 08185087)

Balance Sheet - continued
28 December 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 January 2025 and were signed by:





Mr S J R Noel - Director


Seegrow (Developments) Limited (Registered number: 08185087)

Notes to the Financial Statements
for the Year Ended 28 December 2023

1. STATUTORY INFORMATION

Seegrow (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.

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

Intangible assets
Patent are being amortised evenly over their estimated useful life of 10 years.

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 - 25% on reducing balance
Computer equipment - 25% 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.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Seegrow (Developments) Limited (Registered number: 08185087)

Notes to the Financial Statements - continued
for the Year Ended 28 December 2023

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 29 December 2022
and 28 December 2023 51,638
AMORTISATION
At 29 December 2022 23,402
Charge for year 5,164
At 28 December 2023 28,566
NET BOOK VALUE
At 28 December 2023 23,072
At 28 December 2022 28,236

5. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 29 December 2022
and 28 December 2023 31,758 15,783 47,541
DEPRECIATION
At 29 December 2022 22,500 12,474 34,974
Charge for year 2,314 827 3,141
At 28 December 2023 24,814 13,301 38,115
NET BOOK VALUE
At 28 December 2023 6,944 2,482 9,426
At 28 December 2022 9,258 3,309 12,567

6. STOCKS
28.12.23 28.12.22
£    £   
Stocks - 187,500
Work-in-progress - 50,000
- 237,500

Seegrow (Developments) Limited (Registered number: 08185087)

Notes to the Financial Statements - continued
for the Year Ended 28 December 2023

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.12.23 28.12.22
£    £   
Trade debtors 25,868 29,458
Other debtors 51,338 53,789
77,206 83,247

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.12.23 28.12.22
£    £   
Bank loans and overdrafts (see note 10) 47,500 29,742
Other loans (see note 10) 16,812 28,231
Trade creditors 4,232 4,228
Amounts owed to group undertakings 741 741
VAT 20,215 3,675
Other creditors 6,949 6,500
Directors' loan accounts 1,215 5,541
Accrued expenses 6,500 4,500
104,164 83,158

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28.12.23 28.12.22
£    £   
Bank loans (see note 10) 38,425 40,000
Other loans (see note 10) 7,386 3,369
Directors' loan accounts 90,536 295,536
136,347 338,905

10. LOANS

An analysis of the maturity of loans is given below:

28.12.23 28.12.22
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 40,350 19,742
Bank loans 7,150 10,000
Other loans 16,812 28,231
64,312 57,973

Amounts falling due between one and two years:
Bank loans - 1-2 years 38,425 40,000
Other loans - 1-2 years 7,386 3,369
45,811 43,369

Seegrow (Developments) Limited (Registered number: 08185087)

Notes to the Financial Statements - continued
for the Year Ended 28 December 2023

11. RELATED PARTY DISCLOSURES

During the year consultancy fees were paid to:
78 Degrees Below Zero Limited, a company which Steve Noel is a director of, totalling £6,510 (2022: £29,740)
Trioxygen Ltd, a company which Steve Noel is a director of, totalling £7,726

12. ULTIMATE CONTROLLING PARTY

The controlling party is Mr S J R Noel.