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Company No: 08218448 (England and Wales)

SEABROOK MUNSLOW LTD

Unaudited Financial Statements
For the financial year ended 30 September 2024
Pages for filing with the registrar

SEABROOK MUNSLOW LTD

Unaudited Financial Statements

For the financial year ended 30 September 2024

Contents

SEABROOK MUNSLOW LTD

COMPANY INFORMATION

For the financial year ended 30 September 2024
SEABROOK MUNSLOW LTD

COMPANY INFORMATION (continued)

For the financial year ended 30 September 2024
Directors K Munslow
C J Seabrook
Registered office 2nd Floor 168 Shoreditch High Street
London
E1 6RA
United Kingdom
Company number 08218448 (England and Wales)
Accountant Kreston Reeves LLP
2nd Floor
168 Shoreditch High Street
London
E1 6RA

ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF
THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF SEABROOK MUNSLOW LTD

For the financial year ended 30 September 2024

ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF
THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF SEABROOK MUNSLOW LTD (continued)

For the financial year ended 30 September 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Seabrook Munslow Ltd for the financial year ended 30 September 2024 which comprise the Balance Sheet and the related notes 1 to 8 from the Company’s accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/regulation.

It is your duty to ensure that Seabrook Munslow Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Seabrook Munslow Ltd. You consider that Seabrook Munslow Ltd is exempt from the statutory audit requirement for the financial year.

We have not been instructed to carry out an audit or a review of the financial statements of Seabrook Munslow Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

This report is made solely to the Board of Directors of Seabrook Munslow Ltd, as a body, in accordance with the terms of our engagement letter dated 19 March 2025. Our work has been undertaken solely to prepare for your approval the financial statements of Seabrook Munslow Ltd and state those matters that we have agreed to state to the Board of Directors of Seabrook Munslow Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Seabrook Munslow Ltd and its Board of Directors as a body for our work or for this report.

Kreston Reeves LLP
Chartered Accountants

2nd Floor
168 Shoreditch High Street
London
E1 6RA

05 June 2025

SEABROOK MUNSLOW LTD

BALANCE SHEET

As at 30 September 2024
SEABROOK MUNSLOW LTD

BALANCE SHEET (continued)

As at 30 September 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 401 723
401 723
Current assets
Debtors 4 292,000 330,750
Investments 5 192,500 192,011
Cash at bank and in hand 6 1,907,834 1,647,845
2,392,334 2,170,606
Creditors: amounts falling due within one year 7 ( 304,019) ( 325,440)
Net current assets 2,088,315 1,845,166
Total assets less current liabilities 2,088,716 1,845,889
Net assets 2,088,716 1,845,889
Capital and reserves
Called-up share capital 200 200
Profit and loss account 2,088,516 1,845,689
Total shareholders' funds 2,088,716 1,845,889

For the financial year ending 30 September 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Seabrook Munslow Ltd (registered number: 08218448) were approved and authorised for issue by the Board of Directors on 05 June 2025. They were signed on its behalf by:

K Munslow
Director
SEABROOK MUNSLOW LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 September 2024
SEABROOK MUNSLOW LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 September 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Seabrook Munslow Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 2nd Floor 168 Shoreditch High Street, London, E1 6RA, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the Balance Sheet date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the Balance Sheet date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Office equipment 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Tangible assets

Office equipment Total
£ £
Cost
At 01 October 2023 2,028 2,028
At 30 September 2024 2,028 2,028
Accumulated depreciation
At 01 October 2023 1,305 1,305
Charge for the financial year 322 322
At 30 September 2024 1,627 1,627
Net book value
At 30 September 2024 401 401
At 30 September 2023 723 723

4. Debtors

2024 2023
£ £
Trade debtors 0 82,500
Other debtors 292,000 248,250
292,000 330,750

5. Current asset investments

2024 2023
£ £
Listed investments – at fair value 25,000 24,511
Unlisted investments (liquid) 167,500 167,500
192,500 192,011

6. Cash and cash equivalents

2024 2023
£ £
Cash at bank and in hand 1,907,834 1,647,845

7. Creditors: amounts falling due within one year

2024 2023
£ £
Taxation and social security 150,392 180,138
Other creditors 153,627 145,302
304,019 325,440

8. Related party transactions

Transactions with the entity's directors

2024 2023
£ £
K Munslow 12,627 13,887

At the balance sheet date included in Creditors: amounts falling due within one year is a loan from the director, K Munslow to the company. This loan is interest free and repayable on demand.