My Seth Group Ltd
Company No. 10617960
Information for Filing with The Registrar
31 March 2024
My Seth Group Ltd

Directors Report Registrar
The Directors present their report and the accounts for the year ended 31 March 2024.
Principal activities
The principal activity of the company during the year under review was Other letting and operating of own or leased real estate.
-
Directors
The Directors who served at any time during the year were as follows:
Y.Sarodia
K. Y.Goga
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.
Signed on behalf of the board
Y.Sarodia
Director
31 March 2024
My Seth Group Ltd

Balance Sheet Registrar
at31 March 2024
Company No.10617960Notes20242023
££
Fixed assets
Tangible assets422,451,39222,383,923
22,451,39222,383,923
Current assets
Debtors5890,108518,944
Cash at bank and in hand695,516560,935
1,585,6241,079,879
Creditors: Amount falling due within one year6
(1,249,882)
(1,188,290)
Net current assets/(liabilities)335,742
(108,411)
Total assets less current liabilities22,787,13422,275,512
Creditors: Amounts falling due after more than one year7
(4,923,506)
(5,403,511)
Net assets17,863,62816,872,001
Capital and reserves
Called up share capital202202
Share premium account-13,506,06113,506,061
Profit and loss account-4,357,3653,365,738
Total equity17,863,62816,872,001
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 31 March 2024 and signed on its behalf by:
Y.Sarodia
Director
31 March 2024
My Seth Group Ltd

Notes to the Accounts Registrar
for the year ended 31 March 2024
1General information
My Seth Group Ltd is a private company limited by shares and incorporated in England and Wales.
Its registered number is: 10617960
Its registered office is:
43
Upton Lane
Forestgate
London
E7 9PA
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2Accounting policies
Tangible fixed assets and depreciation
Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses. At each 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 an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.
Freehold investment property
Investment properties are revalued annually and any surplus or deficit is dealt with through the profit and loss account. No depreciation is provided in respect of investment properties.
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.
Trade and other creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
Leased assets
Where the company enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease. Leases which do not transfer substantially all the risks and rewards of ownership to the Company are classified as operating leases. Assets held under finance leases are initially recognised as assets of the Company at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately in profit or loss, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the Company's policy on borrowing costs (see the accounting policy above). Assets held under finance leases are depreciated in the same way as owned assets. Operating lease payments are recognised as an expense on a straight-line basis over the lease term. In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis.
3Employees
20242023
NumberNumber
The average monthly number of employees (including directors) during the year was:62
4Tangible fixed assets
Land and buildingsPlant and machineryMotor vehiclesFixtures, fittings and equipmentTotal
£££££
Cost or revaluation
At 1 April 202322,273,70587,155115,345-22,476,205
Additions--119,965-119,965
At 31 March 202422,273,70587,155235,310-22,596,170
Depreciation
At 1 April 2023-69,21323,069-92,282
Charge for the year-17,43135,065-52,496
At 31 March 2024-86,64458,134-144,778
Net book values
At 31 March 202422,273,705511177,176-22,451,392
At 31 March 202322,273,70517,94292,276-22,383,923
5Debtors
20242023
££
Trade debtors257,637257,973
Amounts owed by group undertakings607,471260,971
Other debtors25,000-
890,108518,944
6Creditors:
amounts falling due within one year
20242023
££
Trade creditors361,07682,193
Amounts owed to group undertakings510,000510,000
Taxes and social security371,550238,011
Other creditors7,256358,086
1,249,8821,188,290
7Creditors:
amounts falling due after more than one year
20242023
££
Bank loans and overdrafts4,923,5065,403,511
4,923,5065,403,511
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