Silverfin false false 31/10/2024 01/11/2023 31/10/2024 Mrs E Cogan 03/11/2021 Dr R J Kay 03/11/2021 25 February 2025 The principal activity of the Company during the financial year was that of a holding company. 13720582 2024-10-31 13720582 bus:Director1 2024-10-31 13720582 bus:Director2 2024-10-31 13720582 2023-10-31 13720582 core:ShareCapital 2024-10-31 13720582 core:ShareCapital 2023-10-31 13720582 core:CostValuation 2023-10-31 13720582 core:CostValuation 2024-10-31 13720582 2023-11-01 2024-10-31 13720582 bus:FilletedAccounts 2023-11-01 2024-10-31 13720582 bus:SmallEntities 2023-11-01 2024-10-31 13720582 bus:AuditExemptWithAccountantsReport 2023-11-01 2024-10-31 13720582 bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 13720582 bus:Director1 2023-11-01 2024-10-31 13720582 bus:Director2 2023-11-01 2024-10-31 13720582 2022-11-01 2023-10-31 iso4217:GBP xbrli:pure

Company No: 13720582 (England and Wales)

SEEKWATER LIMITED

Unaudited Financial Statements
For the financial year ended 31 October 2024
Pages for filing with the registrar

SEEKWATER LIMITED

Unaudited Financial Statements

For the financial year ended 31 October 2024

Contents

SEEKWATER LIMITED

BALANCE SHEET

As at 31 October 2024
SEEKWATER LIMITED

BALANCE SHEET (continued)

As at 31 October 2024
Note 2024 2023
£ £
Fixed assets
Investments 3 2 2
2 2
Net current assets 0 0
Total assets less current liabilities 2 2
Net assets 2 2
Capital and reserves
Called-up share capital 2 2
Total shareholders' funds 2 2

For the financial year ending 31 October 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Seekwater Limited (registered number: 13720582) were approved and authorised for issue by the Board of Directors on 25 February 2025. They were signed on its behalf by:

Dr R J Kay
Director
Mrs E Cogan
Director
SEEKWATER LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 October 2024
SEEKWATER LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 October 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Seekwater Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 6 King Street, Weymouth, DT4 7BH, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Dividend income

Dividend income from investments is recognised when the shareholders' rights to receive payment have been established (provided that it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably).

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date. Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

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 Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

The company is run and administered by the directors of the company for whom no formal contracts of service are in place.

3. Fixed asset investments

Other investments Total
£ £
Cost or valuation before impairment
At 01 November 2023 2 2
At 31 October 2024 2 2
Carrying value at 31 October 2024 2 2
Carrying value at 31 October 2023 2 2