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Registered number: 11756730

Seaview Building Company Limited

ACCOUNTS
FOR THE YEAR ENDED 31/01/2025

Prepared By:
Chris Ford Limited
Chartered Accountants
16 Kithurst Park
Storrington
West Sussex
RH20 4JH

Seaview Building Company Limited

ACCOUNTS
FOR THE YEAR ENDED 31/01/2025
DIRECTORS
Nigel Redfern
SECRETARY
Charlotte Redfern
REGISTERED OFFICE
28 Penhill Road
Lancing
West Sussex
BN15 8HJ
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 11756730
ACCOUNTANTS
Chris Ford Limited
Chartered Accountants
16 Kithurst Park
Storrington
West Sussex
RH20 4JH

Seaview Building Company Limited

ACCOUNTS
FOR THEYEARENDED31/01/2025
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

Seaview Building Company Limited

BALANCE SHEET AT 31/01/2025
20252024
Notes££
FIXED ASSETS
Tangible assets385,77339,912
CURRENT ASSETS
Stock50,000100,000
Debtors5287,656234,509
Cash at bank and in hand130,30363,998
467,959398,507
CREDITORS: Amounts falling due within one year6178,880143,164
NET CURRENT ASSETS289,079255,343
TOTAL ASSETS LESS CURRENT LIABILITIES374,852295,255
CREDITORS: Amounts falling due after more than one year779,74636,374
NET ASSETS295,106258,881
CAPITAL AND RESERVES
Called up share capital8100100
Profit and loss account295,006258,781
SHAREHOLDERS' FUNDS295,106258,881
For the year ending 31/01/2025 the company was entitled to exemption 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 Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 31/03/2025 and signed on their behalf by
.............................
Nigel Redfern
Director

Seaview Building Company Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/01/2025
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Commercial Vehiclesreducing balance 20%
Equipmentreducing balance 20%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
2. EMPLOYEES
20252024
No.No.
Average number of employees44

Seaview Building Company Limited

3. TANGIBLE FIXED ASSETS
Commercial
VehiclesEquipmentTotal
£££
Cost
At 01/02/202479,0822,09381,175
Additions71,565-71,565
Disposals(13,000)-(13,000)
At 31/01/2025137,6472,093139,740
Depreciation
At 01/02/202440,1241,13941,263
Disposals(8,740)-(8,740)
For the year21,25319121,444
At 31/01/202552,6371,33053,967
Net Book Amounts
At 31/01/202585,01076385,773
At 31/01/202438,95895439,912
4. STOCK 20252024
££
Stock comprises:
Work in progress50,000100,000
50,000100,000
5. DEBTORS 20252024
££
Amounts falling due within one year
Trade debtors230,998113,586
CIS9,205-
Amounts due from group companies41,28340,923
Prepayments6,170-
Directors loan account-80,000
287,656234,509

Seaview Building Company Limited

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20252024
££
UK corporation tax33,31124,724
CIS-7,744
VAT81,98640,215
PAYE control-3,401
Directors current account45293
Bank loans and overdrafts12,00020,929
Bank Loan4,3246,395
Hire purchase5,206-
Trade creditors40,10137,980
Pension schemes247233
Accruals1,6601,250
178,880143,164
7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20252024
££
Bank loans 25,30628,791
Hire purchase >1yr46,857-
Taxation and social security >1yr7,5837,583
79,74636,374
8. SHARE CAPITAL 20252024
££
Allotted, issued and fully paid:
100 Ordinary shares of £1.00 each100100
100100
9. RELATED PARTY TRANSACTIONS
The company made an interest free loan to the associated company Seaview Builidng & Developments Limited. The balance outstanding at the balance sheet date was in the amount of £1,283, (2024: £923).
The company made an interest free loan to the associated company Nigark Limited. The balance outstanding at the balance sheet date was in the amount of £40,000, (2024: £40,000).