Registered number: 10510574 | ||||||||
FOR THE YEAR ENDED 30/12/2023 | ||||||||
Prepared By: | ||||||||
Chris Ford Limited | ||||||||
Chartered Accountants | ||||||||
16 Kithurst Park | ||||||||
Storrington | ||||||||
West Sussex | ||||||||
RH20 4JH |
Sea View Partners Limited | ||||||||
ACCOUNTS | ||||||||
FOR THE YEAR ENDED 30/12/2023 | ||||||||
DIRECTORS | ||||||||
REGISTERED OFFICE | ||||||||
West Sussex | ||||||||
COMPANY DETAILS | ||||||||
Private company limited by shares registered in EW - England and Wales, registered number 10510574 | ||||||||
ACCOUNTANTS | ||||||||
Chris Ford Limited | ||||||||
Chartered Accountants | ||||||||
16 Kithurst Park | ||||||||
Storrington | ||||||||
West Sussex | ||||||||
RH20 4JH |
Sea View Partners Limited | ||||||||
ACCOUNTS | ||||||||
FOR THEYEARENDED30/12/2023 | ||||||||
CONTENTS | ||||||||
Page | ||||||||
Directors' Report | - | |||||||
Strategic Report | - | |||||||
Accountants' Report | - | |||||||
Statement Of Comprehensive Income | - | |||||||
Balance Sheet | 3 | |||||||
Notes To The Accounts | 5 | |||||||
The following do not form part of the statutory financial statements: | ||||||||
Trading And Profit And Loss Account | - | |||||||
Profit And Loss Account Summaries | - |
Sea View Partners Limited | ||||||||
BALANCE SHEET AT | ||||||||||
2023 | 2022 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Tangible assets | 3 | |||||||||
CURRENT ASSETS | ||||||||||
Debtors | 5 | |||||||||
Cash at bank and in hand | ||||||||||
32,889 | 106,271 | |||||||||
CREDITORS: Amounts falling due within one year | 6 | |||||||||
NET CURRENT LIABILITIES | ( | (234,716) | ||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES | ||||||||||
CREDITORS: Amounts falling due after more than one year | 7 | 1,227,591 | 903,339 | |||||||
PROVISIONS FOR LIABILITIES AND CHARGES | 8 | |||||||||
NET ASSETS | ||||||||||
CAPITAL AND RESERVES | ||||||||||
Called up share capital | 9 | |||||||||
Revaluation reserve | 1c,10 | 399,578 | 437,752 | |||||||
Profit and loss account | (76,746) | (21,728) | ||||||||
SHAREHOLDERS' FUNDS | ||||||||||
Sea View Partners Limited | ||||||||
BALANCE SHEET AT | ||||||||||
Approved by the board on | ||||||||||
............................. | ||||||||||
Director | ||||||||||
............................. | ||||||||||
Nigel Redfern | ||||||||||
Director | ||||||||||
Sea View Partners Limited | ||||||||
NOTES TO THE ACCOUNTS | ||||||||||
FOR THE YEAR ENDED 30/12/2023 | ||||||||||
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 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 . |
1b. Investment Properties | ||||||||
Investment properties are included in the financial statements at open market value. No depreciation is provided on such property in compliance with the Financial Reporting Standard for Smaller Entities. This departure from Companies Act requirements is necessary to show a true and fair view. |
1c. Revaluation Reserve | ||||||||
Surpluses or deficits arising on the revaluation of individual fixed assets other than investment properties are credited or debited to a non-distributible reserve known as the revaluation reserve (see also note 10). | ||||||||
Revaluation deficits in excess of the amount of prior revaluation surpluses on the same asset are charged to the profit and loss account. |
2. EMPLOYEES | ||||||
2023 | 2022 | |||||
No. | No. | |||||
Average number of employees | 2 | |||||
3. TANGIBLE FIXED ASSETS |
Cost |
At 30/12/2023 |
Depreciation |
At 30/12/2023 |
Net Book Amounts |
At 30/12/2023 |
Sea View Partners Limited | ||||||||
4. INVESTMENT PROPERTIES | ||||||||
Investment | ||||||||
Properties | Total | |||||||
£ | £ | |||||||
Fair value | ||||||||
At 31/12/2022 | 1,700,000 | 1,700,000 | ||||||
Additions | 99,538 | 99,538 | ||||||
Revaluation | (99,538) | (99,538) | ||||||
At 30/12/2023 | 1,700,000 | 1,700,000 | ||||||
Investment properties were revalue by the directors at their open market value as at the balance sheet date. | ||||||||
5. DEBTORS | 2023 | 2022 | ||||||
£ | £ | |||||||
Amounts falling due within one year | ||||||||
Other debtors | 2,512 | 8,603 | ||||||
Amounts due from associated companies | 28,432 | - | ||||||
30,944 | 8,603 | |||||||
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2023 | 2022 | |||||||
£ | £ | |||||||
Directors current account | 6,643 | - | ||||||
Mortgage | 38,200 | 335,005 | ||||||
Other borrowings | 37,554 | - | ||||||
Other creditors | 4,773 | 4,902 | ||||||
Accruals | 1,880 | 1,080 | ||||||
Amounts due to associated companies | 8,858 | - | ||||||
97,908 | 340,987 | |||||||
Sea View Partners Limited | ||||||||
7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR | ||||||||
2023 | 2022 | |||||||
£ | £ | |||||||
Bank loans (secured) >1yr | 1,227,591 | 903,339 | ||||||
1,227,591 | 903,339 | |||||||
8. PROVISIONS FOR LIABILITIES | 2023 | 2022 | ||||||
£ | £ | |||||||
Deferred taxation | 84,554 | 145,917 | ||||||
84,554 | 145,917 | |||||||
9. SHARE CAPITAL | 2023 | 2022 | ||||||
£ | £ | |||||||
Allotted, issued and fully paid: | ||||||||
4.00 | 4.00 | |||||||
4 | 4 | |||||||
10. REVALUATION RESERVE | 2023 | 2022 | ||||||
£ | £ | |||||||
Revaluation reserve | 399,578 | 437,752 | ||||||
399,578 | 437,752 | |||||||
11. CONTROLLING PARTY | ||||||||
Mr M Allen and Mr N Redfern are in joint control of the company. | ||||||||