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REGISTERED NUMBER: 08180526 (England and Wales)


















Financial Statements

for the Year Ended 30 June 2024

for

Seely Developments Limited

Seely Developments Limited (Registered number: 08180526)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Seely Developments Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: Mrs L C Seely
Mrs P Sillitoe





REGISTERED OFFICE: The Garden House
Mouseden Farm
Halls Hole Road
Tunbridge Wells
Kent
TN2 4RF





REGISTERED NUMBER: 08180526 (England and Wales)





ACCOUNTANTS: Xeinadin Billericay Limited
Lakeview House
4 Woodbrook Crescent
Billericay
Essex
CM12 0EQ

Seely Developments Limited (Registered number: 08180526)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 963 1,285
Investment property 5 775,000 775,000
775,963 776,285

CURRENT ASSETS
Debtors 6 4,618 2,016
Cash at bank 5,648 10,114
10,266 12,130
CREDITORS
Amounts falling due within one year 7 168,327 165,525
NET CURRENT LIABILITIES (158,061 ) (153,395 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

617,902

622,890

CREDITORS
Amounts falling due after more than one
year

8

(518,130

)

(518,130

)

PROVISIONS FOR LIABILITIES (5,883 ) (5,909 )
NET ASSETS 93,889 98,851

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 93,789 98,751
SHAREHOLDERS' FUNDS 93,889 98,851

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Seely Developments Limited (Registered number: 08180526)

Balance Sheet - continued
30 June 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 March 2025 and were signed on its behalf by:





Mrs L C Seely - Director


Seely Developments Limited (Registered number: 08180526)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Seely 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents the value of sales to customers, net of discounts, allowances, volume and promotional rebates and other payments to customers and excludes VAT. Sale of goods are recognised when the company has delivered product to the customer, the customer has accepted the products and collectability of the related receivable is reasonably assured.

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 etc - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

Seely Developments Limited (Registered number: 08180526)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023
and 30 June 2024 9,132
DEPRECIATION
At 1 July 2023 7,847
Charge for year 322
At 30 June 2024 8,169
NET BOOK VALUE
At 30 June 2024 963
At 30 June 2023 1,285

5. INVESTMENT PROPERTY
Total
£   
COST OR VALUATION
At 1 July 2023
and 30 June 2024 775,000
NET BOOK VALUE
At 30 June 2024 775,000
At 30 June 2023 775,000

Cost or valuation at 30 June 2024 is represented by:
£   
Valuation in 2023 30,000
Cost 745,000
775,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 2,460 -
Other debtors 2,158 2,016
4,618 2,016

Seely Developments Limited (Registered number: 08180526)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade creditors 3,600 3,600
Other creditors 164,727 161,925
168,327 165,525

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Other creditors 518,130 518,130

Amounts falling due in more than five years:

Repayable by instalments
Mortgage due more than 5 years 518,130 518,130

9. SECURED DEBTS

The following secured debts are included within creditors:

30.6.24 30.6.23
£    £   

The bank loans are secured against the assets held by the company.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.24 30.6.23
value: £    £   
100 Ordinary £1 100 100

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The director has loaned funds to the company for working capital.

12. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mrs L C Seely.