Company registration number 03168895 (England and Wales)
SEVERN ESTUARY INVESTMENTS LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
SEVERN ESTUARY INVESTMENTS LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
SEVERN ESTUARY INVESTMENTS LTD
BALANCE SHEET
AS AT 31 AUGUST 2024
31 August 2024
- 1 -
2024
2023
Notes
£
£
FIXED ASSETS
Tangible assets
2
150,894
150,894
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
3
(135,198)
(135,198)
NET CURRENT LIABILITIES
(135,198)
(135,198)
NET ASSETS
15,696
15,696
CAPITAL AND RESERVES
Called up share capital
95
95
Profit and loss reserves
15,601
15,601
TOTAL EQUITY
15,696
15,696

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 August 2024 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 5 February 2025 and are signed on its behalf by:
Mr A G Mould
Director
Company registration number 03168895 (England and Wales)
SEVERN ESTUARY INVESTMENTS LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
- 2 -
1
ACCOUNTING POLICIES
Company information

Severn Estuary Investments Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Progress Industrial Estate, Station Road, Rogiet, Caldicot, NP26 3UE.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

1.2
Profit and loss account

The company is dormant as defined by section 1169 of the Companies Act 2006. The company received no income and incurred no expenditure during the current year or prior year and therefore no income statement is presented within these financial statements. There have been no movements in shareholders funds during the current year or prior year.

1.3
Tangible fixed assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

1.4
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

SEVERN ESTUARY INVESTMENTS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
1
ACCOUNTING POLICIES
(Continued)
- 3 -
1.5
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

1.6

Statement of compliance

These financial statements have been prepared in compliance with section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

2
TANGIBLE FIXED ASSETS
Land and buildings
£
Cost
At 1 September 2023 and 31 August 2024
150,894
Depreciation and impairment
At 1 September 2023 and 31 August 2024
-
0
Carrying amount
At 31 August 2024
150,894
At 31 August 2023
150,894
3
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024
2023
£
£
Other creditors
135,198
135,198
4
DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Included within creditors is a balance of £135,198 (2023: £135,198) due to a director. This balance is interest free and repayable on demand.

SEVERN ESTUARY INVESTMENTS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
- 4 -
5
CONTROLLING PARTY

There is no ultimate controlling party.

2024-08-312023-09-01falsefalsetrue05 February 2025CCH SoftwareCCH Accounts Production 2024.310No description of principal activityMr A G MouldMs M J MouldMargaret Mould031688952023-09-012024-08-31031688952024-08-31031688952023-08-3103168895core:LandBuildings2024-08-3103168895core:LandBuildings2023-08-3103168895core:ShareCapital2024-08-3103168895core:ShareCapital2023-08-3103168895core:RetainedEarningsAccumulatedLosses2024-08-3103168895core:RetainedEarningsAccumulatedLosses2023-08-3103168895bus:Director12023-09-012024-08-3103168895core:LandBuildings2023-08-3103168895core:CurrentFinancialInstruments2024-08-3103168895core:CurrentFinancialInstruments2023-08-3103168895bus:EntityHasNeverTraded2023-09-012024-08-3103168895bus:PrivateLimitedCompanyLtd2023-09-012024-08-3103168895bus:SmallCompaniesRegimeForAccounts2023-09-012024-08-3103168895bus:FRS1022023-09-012024-08-3103168895bus:AuditExemptWithAccountantsReport2023-09-012024-08-3103168895bus:Director22023-09-012024-08-3103168895bus:CompanySecretary12023-09-012024-08-3103168895bus:FullAccounts2023-09-012024-08-31xbrli:purexbrli:sharesiso4217:GBP