SEGGIE'S PROPERTIES LTD

Company Registration Number:
12745356 (England and Wales)

Unaudited statutory accounts for the year ended 31 July 2024

Period of accounts

Start date: 1 August 2023

End date: 31 July 2024

SEGGIE'S PROPERTIES LTD

Contents of the Financial Statements

for the Period Ended 31 July 2024

Balance sheet
Additional notes
Balance sheet notes

SEGGIE'S PROPERTIES LTD

Balance sheet

As at 31 July 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 520,000 500,000
Total fixed assets: 520,000 500,000
Current assets
Debtors: 4 1,903 1,014
Cash at bank and in hand: 59,794 1,268
Total current assets: 61,697 2,282
Creditors: amounts falling due within one year: 5 ( 364,966 ) ( 458,187 )
Net current assets (liabilities): (303,269) (455,905)
Total assets less current liabilities: 216,731 44,095
Creditors: amounts falling due after more than one year: 6 ( 230,000 ) 0
Provision for liabilities: 0 ( 3,292 )
Total net assets (liabilities): (13,269) 40,803
Capital and reserves
Called up share capital: 1 1
Profit and loss account: (13,270 ) 40,802
Total Shareholders' funds: ( 13,269 ) 40,803

The notes form part of these financial statements

SEGGIE'S PROPERTIES LTD

Balance sheet statements

For the year ending 31 July 2024 the company was entitled to exemption 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.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 29 April 2025
and signed on behalf of the board by:

Name: A W Seggie
Status: Director

The notes form part of these financial statements

SEGGIE'S PROPERTIES LTD

Notes to the Financial Statements

for the Period Ended 31 July 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover is measured at the fair value of the rents due in the reporting period from the company's investment properties.

    Valuation information and policy

    Investment property is measured initially at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

    Other accounting policies

    Taxation The taxation expense represents the aggregate amount of current tax and deferred tax recognised in the reporting period. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised is recognised in respect of all timing differences at the reporting date. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and which are expected to apply to the reversal of the timing difference. Financial instruments Basic financial instruments are initially recognised at the transaction price, and subsequently measured at amortised cost.

SEGGIE'S PROPERTIES LTD

Notes to the Financial Statements

for the Period Ended 31 July 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 1 1

SEGGIE'S PROPERTIES LTD

Notes to the Financial Statements

for the Period Ended 31 July 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 August 2023 500,000 500,000
Additions 350,552 350,552
Disposals ( 310,000 ) ( 310,000 )
Revaluations 20,552 20,552
Transfers
At 31 July 2024 520,000 520,000
Depreciation
At 1 August 2023
Charge for year
On disposals
Other adjustments
At 31 July 2024
Net book value
At 31 July 2024 520,000 520,000
At 31 July 2023 500,000 500,000

Land and buildings represent investment properties measured at fair value. The fair values have been estimated by the directors on the basis of market values achieved in respect of similar properties around the reporting date.

SEGGIE'S PROPERTIES LTD

Notes to the Financial Statements

for the Period Ended 31 July 2024

4. Debtors

2024 2023
£ £
Other debtors 1,903 1,014
Total 1,903 1,014

SEGGIE'S PROPERTIES LTD

Notes to the Financial Statements

for the Period Ended 31 July 2024

5. Creditors: amounts falling due within one year note

2024 2023
£ £
Trade creditors 1,157 2,081
Taxation and social security 0 2,922
Other creditors 363,809 453,184
Total 364,966 458,187

Other creditors includes £361,282 (2023 £451,264) due to the director on interest-free loan account.

SEGGIE'S PROPERTIES LTD

Notes to the Financial Statements

for the Period Ended 31 July 2024

6. Creditors: amounts falling due after more than one year note

2024 2023
£ £
Other creditors 230,000 0
Total 230,000 0

Other creditors represents a mortgage repayable otherwise by instalments which falls due for payment after more than 5 years from the reporting date.

SEGGIE'S PROPERTIES LTD

Notes to the Financial Statements

for the Period Ended 31 July 2024

7. Off balance sheet arrangements

The director/shareholder has provided a personal guarantee in respect of the mortgage shown in long-term creditors.