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REGISTERED NUMBER: 10257546 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

Seddon Investments Limited

Seddon Investments Limited (Registered number: 10257546)






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


Seddon Investments Limited

Company Information
for the Year Ended 30 June 2024







DIRECTOR: W Seddon





REGISTERED OFFICE: Arden Lea
470 Chorley New Road
Bolton
Lancashire
BL1 5AZ





REGISTERED NUMBER: 10257546 (England and Wales)





ACCOUNTANTS: Higsons Limited
Accountants
Offices 1 and 2
1A King Street
Farnworth
Bolton
Greater Manchester
BL4 7AB

Seddon Investments Limited (Registered number: 10257546)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 47,256 63,008
Investments 5 100 100
47,356 63,108

CURRENT ASSETS
Debtors 6 45,167,102 46,813,608
Investments 7 50,000 -
Cash at bank 4,714,386 590,376
49,931,488 47,403,984
CREDITORS
Amounts falling due within one year 8 40,412,073 37,106,506
NET CURRENT ASSETS 9,519,415 10,297,478
TOTAL ASSETS LESS CURRENT
LIABILITIES

9,566,771

10,360,586

CREDITORS
Amounts falling due after more than one
year

9

(742,894

)

(975,101

)

PROVISIONS FOR LIABILITIES 10 (11,814 ) (15,752 )
NET ASSETS 8,812,063 9,369,733

CAPITAL AND RESERVES
Called up share capital 220 220
Retained earnings 8,811,843 9,369,513
SHAREHOLDERS' FUNDS 8,812,063 9,369,733

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 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.

Seddon Investments Limited (Registered number: 10257546)

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 director and authorised for issue on 12 March 2025 and were signed by:





W Seddon - Director


Seddon Investments Limited (Registered number: 10257546)

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

1. STATUTORY INFORMATION

Seddon Investments 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.

Preparation of consolidated financial statements
The financial statements contain information about Seddon Investments Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
Turnover is measured at the fair value of the interest and fees received or receivable for the period under review.

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

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation. At the balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered impairment losses, no such losses were identified.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Seddon Investments Limited (Registered number: 10257546)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023
and 30 June 2024 96,012
DEPRECIATION
At 1 July 2023 33,004
Charge for year 15,752
At 30 June 2024 48,756
NET BOOK VALUE
At 30 June 2024 47,256
At 30 June 2023 63,008

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 July 2023
and 30 June 2024 100
NET BOOK VALUE
At 30 June 2024 100
At 30 June 2023 100

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 39,585,081 42,027,752
Amounts owed by group undertakings 542,287 118,900
Other debtors 5,039,734 4,666,956
45,167,102 46,813,608

7. CURRENT ASSET INVESTMENTS
30.6.24 30.6.23
£    £   
Short term investment fund 50,000 -

Seddon Investments Limited (Registered number: 10257546)

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

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Amounts owed to associates 3,495,879 3,516,879
Taxation and social security - 201,752
Other creditors 36,916,194 33,387,875
40,412,073 37,106,506

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Other creditors 742,894 975,101

10. PROVISIONS FOR LIABILITIES
30.6.24 30.6.23
£    £   
Deferred tax
Accelerated capital allowances 11,814 15,752

Deferred
tax
£   
Balance at 1 July 2023 15,752
Credit to Income Statement during year (3,938 )
Balance at 30 June 2024 11,814

11. RELATED PARTY DISCLOSURES

At 30 June 2024 the company owed £9,032,762 (2023 - £5,558,379) to its director and a further £27,474,397 (2023 - £27,373,437) to close family members. No interest has been charged to the company in respect of these loans which are repayable on demand and classified in creditors due within one year.

During the year the Company loaned monies to it's wholly owned subsidiary, Outwood House Properties Limited, the loan is interest free. The balance outstanding on this loan at 30 June 2024 was £542,287 (2023 - £118,900).

During in the year the Company repaid loans to Didsbury Developments Limited an entity registered in England and owned by Mr W Seddon. The balance outstanding on these loans, which are interest free and repayable on demand, at 30 June 2024 was £3,495,879 (2023 - £3,516,879) and is included in creditors due within one year.

The Company has made loans in the normal course of business to Fairfield Homes (Cheshire) Limited an entity registered in England in which W Seddon is a director.The balance outstanding at year end, which is included in debtors, was £3,304,385 (2023 - £3,771,858).