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REGISTERED NUMBER: 11192684 (England and Wales)











Seakat Properties Limited

Unaudited Financial Statements

for the Year Ended 31 March 2025






Seakat Properties Limited (Registered number: 11192684)






Contents of the Financial Statements
for the Year Ended 31 March 2025




Page

Company information 1

Balance sheet 2

Notes to the financial statements 4


Seakat Properties Limited

Company Information
for the Year Ended 31 March 2025







Director: P J Edwards





Registered office: Mynshull House
78 Churchgate
Stockport
Cheshire
SK1 1YJ





Registered number: 11192684 (England and Wales)





Accountants: Warr & Co Limited
Chartered Accountants
Mynshull House
78 Churchgate
Stockport
Cheshire
SK1 1YJ

Seakat Properties Limited (Registered number: 11192684)

Balance Sheet
31 March 2025

31.3.25 31.3.24
Notes £    £   
Fixed assets
Tangible assets 4 5,497 2,636
Investment property 5 680,000 680,000
685,497 682,636

Current assets
Debtors 6 1,825 1,625
Cash at bank 6,794 4,234
8,619 5,859
Creditors
Amounts falling due within one year 7 (134,414 ) (127,938 )
Net current liabilities (125,795 ) (122,079 )
Total assets less current liabilities 559,702 560,557

Creditors
Amounts falling due after more than one
year

8

(255,690

)

(266,156

)

Provisions for liabilities 10 (44,179 ) (44,179 )
Net assets 259,833 250,222

Seakat Properties Limited (Registered number: 11192684)

Balance Sheet - continued
31 March 2025

31.3.25 31.3.24
Notes £    £   
Capital and reserves
Called up share capital 11 1 1
Fair value reserve 12 188,341 188,341
Retained earnings 71,491 61,880
Shareholders' funds 259,833 250,222

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

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 1 April 2025 and were signed by:





P J Edwards - Director


Seakat Properties Limited (Registered number: 11192684)

Notes to the Financial Statements
for the Year Ended 31 March 2025

1. Statutory information

Seakat Properties 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 invoiced value of services provided net of value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance

Investment property
Investment properties are initially measured at cost and subsequently measured at fair value. Changes in fair value are recognised in profit or loss.

The Companies Act 2006 requires all properties to be depreciated. However, this requirement conflicts with the generally accepted accounting principle set out in FRS 102. The directors consider that, because investment properties are not held for consumption, but for their investment potential, to depreciate them would not give a true and fair view.

If this departure from the Companies Act 2006 had not been made in order to give a true and fair view, the profit for the financial year would have been reduced by depreciation. However the amount of depreciation cannot reasonably be quantified, because depreciation is only one of many factors reflected in the annual valuation and the amount relating to the depreciation of the property cannot be separately identified.

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.

Seakat Properties Limited (Registered number: 11192684)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

3. Employees and directors

The average number of employees during the year was 1 (2024 - 1 ) .

4. Tangible fixed assets
Fixtures
and
fittings
£   
Cost
At 1 April 2024 4,791
Additions 4,690
At 31 March 2025 9,481
Depreciation
At 1 April 2024 2,155
Charge for year 1,829
At 31 March 2025 3,984
Net book value
At 31 March 2025 5,497
At 31 March 2024 2,636

5. Investment property
Total
£   
Fair value
At 1 April 2024
and 31 March 2025 680,000
Net book value
At 31 March 2025 680,000
At 31 March 2024 680,000

Fair value at 31 March 2025 is represented by:
£   
Valuation in 2025 680,000

Seakat Properties Limited (Registered number: 11192684)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

5. Investment property - continued

If investment property had not been revalued they would have been included at the following historical cost:

31.3.25 31.3.24
£    £   
Cost 447,481 447,481

Investment property was valued on an open market basis on 31 March 2025 by the director .

6. Debtors: amounts falling due within one year
31.3.25 31.3.24
£    £   
Other debtors 1,825 1,625

7. Creditors: amounts falling due within one year
31.3.25 31.3.24
£    £   
Bank loans and overdrafts 2,066 2,015
Other loans 8,400 8,400
Corporation tax 1,583 3,802
Other creditors 1,940 1,940
Directors' current accounts 120,375 111,781
Accruals and deferred income 50 -
134,414 127,938

8. Creditors: amounts falling due after more than one year
31.3.25 31.3.24
£    £   
Bank loans - 2-5 years 1,407 3,473
Bank loans 249,083 249,083
Other loans - 2-5 years 5,200 13,600
255,690 266,156

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans 249,083 249,083

Seakat Properties Limited (Registered number: 11192684)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

9. Secured debts

The following secured debts are included within creditors:

31.3.25 31.3.24
£    £   
Bank loans 249,083 249,083

10. Provisions for liabilities
31.3.25 31.3.24
£    £   
Deferred tax 44,179 44,179

Deferred
tax
£   
Balance at 1 April 2024 44,179
Balance at 31 March 2025 44,179

11. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.25 31.3.24
value: £    £   
1 Ordinary £1 1 1

12. Reserves
Fair
value
reserve
£   
At 1 April 2024
and 31 March 2025 188,341