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REGISTERED NUMBER: 10279751 (England and Wales)















Seafield Chips Limited

Unaudited Financial Statements

for the Period 1 November 2023 to 30 June 2024






Seafield Chips Limited (Registered number: 10279751)






Contents of the Financial Statements
for the period 1 November 2023 to 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Seafield Chips Limited

Company Information
for the period 1 November 2023 to 30 June 2024







DIRECTORS: MR Bellamy
JA Bellamy





REGISTERED OFFICE: The Great Eccleston Fish Bar
The Square
Great Eccleston
Preston
Lancashire
PR3 0ZB





REGISTERED NUMBER: 10279751 (England and Wales)





ACCOUNTANTS: McMillan & Co LLP
Chartered Accountants
28 Eaton Avenue
Matrix Office Park
Buckshaw Village
Chorley
Lancashire
PR7 7NA

Seafield Chips Limited (Registered number: 10279751)

Balance Sheet
30 June 2024

2024 2023
Notes £ £ £
FIXED ASSETS
Tangible assets 4 226,716 226,983

CURRENT ASSETS
Cash at bank 8 2

CREDITORS
Amounts falling due within one year 5 35,848 34,197
NET CURRENT LIABILITIES (35,840 ) (34,195 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

190,876

192,788

CREDITORS
Amounts falling due after more than one
year

6

(168,317

)

(170,553

)

PROVISIONS FOR LIABILITIES (331 ) (382 )
NET ASSETS 22,228 21,853

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 22,128 21,753
SHAREHOLDERS' FUNDS 22,228 21,853

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Seafield Chips Limited (Registered number: 10279751)

Balance Sheet - continued
30 June 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 June 2025 and were signed on its behalf by:





MR Bellamy - Director


Seafield Chips Limited (Registered number: 10279751)

Notes to the Financial Statements
for the period 1 November 2023 to 30 June 2024

1. STATUTORY INFORMATION

Seafield Chips Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£) and the amounts in the financial statements have been rounded to the nearest £1.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - not provided
Plant and machinery etc - 20% on reducing balance

Freehold land is not depreciated. No depreciation is provided on the company's freehold buildings as the director considers that the lives of these assets are so long and residual values, based on prices prevailing at the time of acquisition, are sufficiently high that any depreciation would be immaterial. Provision is made in the profit and loss account in the event of any permanent diminution in the value of the properties.

Financial instruments
Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument. Basic financial assets, which include debtors, prepayments, bank balances and any borrowings, are initially measured at transaction price and are subsequently carried at cost unless the arrangement indicates otherwise and then the asset is measured at the present value of the future receipts discounted at a market rate of interest. Basic financial liabilities, which include creditors, accruals, loans and any borrowings, are initially recognised at transaction price and are subsequently carried at cost unless the arrangement indicates otherwise and then the liability is measured at the present value of the future obligations discounted at a market rate of interest.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Seafield Chips Limited (Registered number: 10279751)

Notes to the Financial Statements - continued
for the period 1 November 2023 to 30 June 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2023 - NIL).

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and
property fittings Totals
£ £ £
COST
At 1 November 2023
and 30 June 2024 224,974 4,903 229,877
DEPRECIATION
At 1 November 2023 - 2,894 2,894
Charge for period - 267 267
At 30 June 2024 - 3,161 3,161
NET BOOK VALUE
At 30 June 2024 224,974 1,742 226,716
At 31 October 2023 224,974 2,009 226,983

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Bank loans and overdrafts 8,000 8,000
Corporation tax 87 570
Other creditors 27,561 25,427
Accruals and deferred income 200 200
35,848 34,197

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£ £
Bank loans - 2-5 years 88,317 90,553
Other loans - 2-5 years 80,000 80,000
168,317 170,553

Seafield Chips Limited (Registered number: 10279751)

Notes to the Financial Statements - continued
for the period 1 November 2023 to 30 June 2024

7. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£ £
Bank loans 96,317 98,553

The bank loans are secured on the assets of the company.

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
100 Ordinary £1 100 100

9. RELATED PARTY DISCLOSURES

In the opinion of the directors the company is controlled by the directors by virtue of them holding 100% of the issued share capital.