Company Registration No. 10368887 (England and Wales)
SEEDLEGALS LTD
Unaudited consolidated accounts
for the year ended 31 December 2024
SEEDLEGALS LTD
Unaudited consolidated accounts
Contents
SEEDLEGALS LTD
Company Information
for the year ended 31 December 2024
Directors
Christophe Czajka
Laurent Pierre Marie Raoul Edmond Laffy
Anthony Morris Rose
Hannah Leah Seal
Company Number
10368887 (England and Wales)
Registered Office
100 Bunhill Row
London
EC1Y 8ND
United Kingdom
SEEDLEGALS LTD
Statement of financial position
as at 31 December 2024
Intangible assets
36,837
45,941
Tangible assets
72,012
64,889
Cash at bank and in hand
2,050,398
866,293
Creditors: amounts falling due within one year
(3,558,723)
(1,977,353)
Net current liabilities
(990,148)
(671,066)
Total assets less current liabilities
(881,299)
(560,236)
Provisions for liabilities
Other provisions
(17,190)
-
Net liabilities
(898,489)
(560,236)
Called up share capital
72,334
70,501
Share premium
5,821,522
3,990,217
Profit and loss account
(6,792,345)
(4,620,954)
Shareholders' funds
(898,489)
(560,236)
For the year ending 31 December 2024 the company was entitled to exemption from audit 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 22 April 2025 and were signed on its behalf by
Anthony Morris Rose
Director
Company Registration No. 10368887
SEEDLEGALS LTD
Notes to the Accounts
for the year ended 31 December 2024
SEEDLEGALS LTD is a private company, limited by shares, registered in England and Wales, registration number 10368887. The registered office is 100 Bunhill Row, London, EC1Y 8ND, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
These are consolidated financial statements, incorporating Seedlegals Ltd, Seedlegals MPL Ltd, and Seedlegals SAS financial data. These companies all share the same reporting date of 31st December for the year ending 2024. No subsidiaries are excluded for this consolidation.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
Straight line method - 5 years
Computer equipment
Straight line method - 3 years
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Trademarks - Straight Line Method - 3 years
Website Development - Reducing Balance Method 33% per annum
Sundry expenses include the operational costs, excluding payroll, of Seedlegals SAS and Seedlegals MPL. In the year 2024, this amounted to £173,816 (2023: £129,907) and £70,298 (2023: £49,234) respectively.
SEEDLEGALS LTD
Notes to the Accounts
for the year ended 31 December 2024
4
Intangible fixed assets
Other
At 31 December 2024
218,812
Charge for the year
68,081
At 31 December 2024
181,975
At 31 December 2024
36,837
At 31 December 2023
45,941
5
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 January 2024
6,255
157,473
163,728
Additions
11,942
36,342
48,284
At 31 December 2024
18,197
193,815
212,012
At 1 January 2024
4,236
94,603
98,839
Charge for the year
2,002
39,159
41,161
At 31 December 2024
6,238
133,762
140,000
At 31 December 2024
11,959
60,053
72,012
At 31 December 2023
2,019
62,870
64,889
Amounts falling due within one year
Trade debtors
18,543
73,260
Amounts due from group undertakings etc.
-
61,600
Accrued income and prepayments
231,543
218,371
Other debtors
268,091
86,763
SEEDLEGALS LTD
Notes to the Accounts
for the year ended 31 December 2024
7
Creditors: amounts falling due within one year
2024
2023
Trade creditors
149,996
44,695
Taxes and social security
(209,950)
(276,804)
Deferred income
2,977,812
1,291,807
8
Transactions with related parties
Amounts owed by related parties:
Seedlegals SAS - £709,732 (2023: £454,691)
Seedlegals MPL - £119,532 (2023: £49,234)
There were no purchases of goods or services across the group companies.
9
Average number of employees
During the year the average number of employees was 156 (2023: 141).