IRIS Accounts Production v24.3.2.46 03723655 Board of Directors 1.4.23 30.3.24 30.3.24 false true false false true false Fair value model Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh037236552023-03-31037236552024-03-30037236552023-04-012024-03-30037236552022-03-31037236552022-04-012023-03-31037236552023-03-3103723655ns15:EnglandWales2023-04-012024-03-3003723655ns14:PoundSterling2023-04-012024-03-3003723655ns10:Director12023-04-012024-03-3003723655ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3003723655ns10:SmallEntities2023-04-012024-03-3003723655ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3003723655ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3003723655ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3003723655ns10:FullAccounts2023-04-012024-03-3003723655ns10:OrdinaryShareClass12023-04-012024-03-3003723655ns10:Director22023-04-012024-03-3003723655ns10:Director32023-04-012024-03-3003723655ns10:CompanySecretary12023-04-012024-03-3003723655ns10:RegisteredOffice2023-04-012024-03-3003723655ns5:CurrentFinancialInstruments2024-03-3003723655ns5:CurrentFinancialInstruments2023-03-3103723655ns5:Non-currentFinancialInstruments2024-03-3003723655ns5:Non-currentFinancialInstruments2023-03-3103723655ns5:ShareCapital2024-03-3003723655ns5:ShareCapital2023-03-3103723655ns5:RevaluationReserve2024-03-3003723655ns5:RevaluationReserve2023-03-3103723655ns5:RetainedEarningsAccumulatedLosses2024-03-3003723655ns5:RetainedEarningsAccumulatedLosses2023-03-3103723655ns5:FurnitureFittings2023-04-012024-03-3003723655ns5:FurnitureFittings2023-03-3103723655ns5:FurnitureFittings2024-03-3003723655ns5:FurnitureFittings2023-03-3103723655ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-3003723655ns5:WithinOneYearns5:CurrentFinancialInstruments2023-03-3103723655ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2024-03-3003723655ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-03-3103723655ns5:Secured2024-03-3003723655ns5:Secured2023-03-3103723655ns10:OrdinaryShareClass12024-03-3003723655ns5:RetainedEarningsAccumulatedLosses2023-03-3103723655ns5:RevaluationReserve2023-03-3103723655ns5:RetainedEarningsAccumulatedLosses2023-04-012024-03-30
REGISTERED NUMBER: 03723655 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 APRIL 2023 TO 30 MARCH 2024

FOR

SEALVIEW LIMITED

SEALVIEW LIMITED (REGISTERED NUMBER: 03723655)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 APRIL 2023 TO 30 MARCH 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


SEALVIEW LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 APRIL 2023 TO 30 MARCH 2024







DIRECTORS: Mrs S Stern
O A Stern





SECRETARY: Mrs S Stern





REGISTERED OFFICE: 115 Craven Park Road
London
London
N15 6BL





REGISTERED NUMBER: 03723655 (England and Wales)





ACCOUNTANTS: Venitt and Greaves
Chartered Accountants
115 Craven Park Road
South Tottenham
London
N15 6BL

SEALVIEW LIMITED (REGISTERED NUMBER: 03723655)

STATEMENT OF FINANCIAL POSITION
30 MARCH 2024

30.3.24 31.3.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 1,592 1,873
Investment property 5 1,817,022 1,817,022
1,818,614 1,818,895

CURRENT ASSETS
Debtors 6 476,509 431,177
Cash at bank 11,706 5,153
488,215 436,330
CREDITORS
Amounts falling due within one year 7 (60,780 ) (34,201 )
NET CURRENT ASSETS 427,435 402,129
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,246,049

2,221,024

CREDITORS
Amounts falling due after more than one
year

8

(1,058,645

)

(1,058,645

)
NET ASSETS 1,187,404 1,162,379

CAPITAL AND RESERVES
Called up share capital 10 2 2
Revaluation reserve 11 1,242,903 1,242,903
Retained earnings 11 (55,501 ) (80,526 )
SHAREHOLDERS' FUNDS 1,187,404 1,162,379

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

The members have not required the company to obtain an audit of its financial statements for the period ended 30 March 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.

SEALVIEW LIMITED (REGISTERED NUMBER: 03723655)

STATEMENT OF FINANCIAL POSITION - continued
30 MARCH 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 20 March 2025 and were signed on its behalf by:





A Stern - Director


SEALVIEW LIMITED (REGISTERED NUMBER: 03723655)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 APRIL 2023 TO 30 MARCH 2024

1. STATUTORY INFORMATION

Sealview 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 net rent receivable, excluding 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 - 15% on reducing balance

Investment properties
Investment properties are properties held to earn rental income or for capital appreciation or for both.

Investment properties are recognised initially at cost.

Subsequent to initial recognition:
a. Investment properties whose fair value can be measured reliably without undue cost or effort are held at fair value. Any gains or losses arising from change in fair value are recognised in profit or loss in the period that they arise; and

b. no depreciation is provided in respect of investment properties applying the fair value model.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 (2023 - 2 ) .

SEALVIEW LIMITED (REGISTERED NUMBER: 03723655)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 APRIL 2023 TO 30 MARCH 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 April 2023
and 30 March 2024 7,630
DEPRECIATION
At 1 April 2023 5,757
Charge for period 281
At 30 March 2024 6,038
NET BOOK VALUE
At 30 March 2024 1,592
At 31 March 2023 1,873

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 30 March 2024 1,817,022
NET BOOK VALUE
At 30 March 2024 1,817,022
At 31 March 2023 1,817,022

The directors have confirmed that there is no significant increase or decrease in the property market value.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.3.24 31.3.23
£    £   
Other debtors 476,509 431,177

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.3.24 31.3.23
£    £   
Taxation and social security 12,275 12,275
Other creditors 48,505 21,926
60,780 34,201

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.3.24 31.3.23
£    £   
Bank loans 1,058,645 1,058,645

SEALVIEW LIMITED (REGISTERED NUMBER: 03723655)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 APRIL 2023 TO 30 MARCH 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
30.3.24 31.3.23
£    £   
Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 1,058,645 1,058,645

9. SECURED DEBTS

The following secured debts are included within creditors:

30.3.24 31.3.23
£    £   
Bank loans 1,058,645 1,058,645

Long term bank loan is secured by first charge over the company's investment property and bear interest at variable rates.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.3.24 31.3.23
value: £    £   
2 Ordinary £1 2 2

11. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 April 2023 (80,526 ) 1,242,903 1,162,377
Profit for the period 25,025 25,025
At 30 March 2024 (55,501 ) 1,242,903 1,187,402

12. ULTIMATE CONTROLLING PARTY

The controlling party is O A Stern.