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REGISTERED NUMBER: 11619926 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2024

for

Seascape Property Limited

Seascape Property Limited (Registered number: 11619926)






Contents of the Financial Statements
for the Year Ended 31 October 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Seascape Property Limited

Company Information
for the Year Ended 31 October 2024







DIRECTORS: Mrs D Flowers
Mrs J L White





REGISTERED OFFICE: 19 Fleet Road
London
NW3 2QR





REGISTERED NUMBER: 11619926 (England and Wales)





ACCOUNTANTS: Mayfair Business & Tax Consultancy Limited
Mayfair House
46 Boulevard
Weston super Mare
Somerset
BS23 1NF

Seascape Property Limited (Registered number: 11619926)

Balance Sheet
31 October 2024

31.10.24 31.10.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 43,634 54,823
Investment property 5 848,568 848,568
892,202 903,391

CURRENT ASSETS
Debtors 6 6,538 5,883
Cash at bank 25,615 23,596
32,153 29,479
CREDITORS
Amounts falling due within one year 7 269,794 279,569
NET CURRENT LIABILITIES (237,641 ) (250,090 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

654,561

653,301

CREDITORS
Amounts falling due after more than one
year

8

380,385

380,385
NET ASSETS 274,176 272,916

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 10 30,432 30,432
Retained earnings 243,644 242,384
274,176 272,916

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

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

Seascape Property Limited (Registered number: 11619926)

Balance Sheet - continued
31 October 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 9 April 2025 and were signed on its behalf by:





Mrs J L White - Director


Seascape Property Limited (Registered number: 11619926)

Notes to the Financial Statements
for the Year Ended 31 October 2024

1. STATUTORY INFORMATION

Seascape Property 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 - 20% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

3. EMPLOYEES AND DIRECTORS

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

Seascape Property Limited (Registered number: 11619926)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2023
and 31 October 2024 84,370
DEPRECIATION
At 1 November 2023 29,547
Charge for year 11,189
At 31 October 2024 40,736
NET BOOK VALUE
At 31 October 2024 43,634
At 31 October 2023 54,823

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2023
and 31 October 2024 848,568
NET BOOK VALUE
At 31 October 2024 848,568
At 31 October 2023 848,568

Fair value at 31 October 2024 is represented by:
£   
Valuation in 2022 30,432
Cost 818,136
848,568

If the commercial property had not been revalued it would have been included at the following historical cost:

31.10.24 31.10.23
£    £   
Cost 852,234 852,234

Commercial property was valued on an open market basis on 31 October 2023 by internet valuation .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Other debtors 6,538 5,883

Seascape Property Limited (Registered number: 11619926)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade creditors 9 782
Other creditors 269,785 278,787
269,794 279,569

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.24 31.10.23
£    £   
Bank loans 380,385 380,385

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 380,385 380,385

9. SECURED DEBTS

The following secured debts are included within creditors:

31.10.24 31.10.23
£    £   
Bank loans 380,385 380,385

The bank loan is secured against the Investment Property.

10. RESERVES
Fair
value
reserve
£   
At 1 November 2023
and 31 October 2024 30,432