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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
Page
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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
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SEEDLEGALS LTD Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
36,837 
45,941 
Tangible assets
72,012 
64,889 
108,849 
110,830 
Current assets
Debtors
518,177 
439,994 
Cash at bank and in hand
2,050,398 
866,293 
2,568,575 
1,306,287 
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)
Capital and reserves
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
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SEEDLEGALS LTD Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
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.
Presentation currency
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
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
Consolidated Expenses
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.
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SEEDLEGALS LTD Notes to the Accounts for the year ended 31 December 2024
4
Intangible fixed assets
Other 
£ 
Cost
At 1 January 2024
159,835 
Additions
58,977 
At 31 December 2024
218,812 
Amortisation
At 1 January 2024
113,894 
Charge for the year
68,081 
At 31 December 2024
181,975 
Net book value
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 
Depreciation
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 
Net book value
At 31 December 2024
11,959 
60,053 
72,012 
At 31 December 2023
2,019 
62,870 
64,889 
6
Debtors
2024 
2023 
£ 
£ 
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 
518,177 
439,994 
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SEEDLEGALS LTD Notes to the Accounts for the year ended 31 December 2024
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
495,736 
531,590 
Trade creditors
149,996 
44,695 
Taxes and social security
(209,950)
(276,804)
Other creditors
2,939 
- 
Accruals
142,190 
386,065 
Deferred income
2,977,812 
1,291,807 
3,558,723 
1,977,353 
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).
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