Company registration number 01399843 (England and Wales)
SELLERS INTERNATIONAL LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024
PAGES FOR FILING WITH REGISTRAR
SELLERS INTERNATIONAL LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 10
SELLERS INTERNATIONAL LIMITED
BALANCE SHEET
AS AT
31 OCTOBER 2024
31 October 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
11,507
19,406
Investment property
4
6,121,500
6,121,500
Investments
5
316,001
316,001
6,449,008
6,456,907
Current assets
Stocks
-
31,642
Debtors
7
303,374
226,302
Cash at bank and in hand
415,465
399,933
718,839
657,877
Creditors: amounts falling due within one year
8
(93,682)
(123,920)
Net current assets
625,157
533,957
Total assets less current liabilities
7,074,165
6,990,864
Creditors: amounts falling due after more than one year
9
(315,000)
(315,000)
Provisions for liabilities
(130,000)
(130,000)
Net assets
6,629,165
6,545,864
Capital and reserves
Called up share capital
600,000
600,000
Profit and loss reserves
6,029,165
5,945,864
Total equity
6,629,165
6,545,864
SELLERS INTERNATIONAL LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 OCTOBER 2024
31 October 2024
- 2 -

For the financial year ended 31 October 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 of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 19 June 2025 and are signed on its behalf by:
Mrs C E Armitage
Director
Company registration number 01399843 (England and Wales)
SELLERS INTERNATIONAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024
- 3 -
1
Accounting policies
Company information

Sellers International Limited is a private company limited by shares incorporated in England and Wales. The registered office is International House, Chapel Hill, Huddersfield, HD1 3EE.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover represents rental income receivable on investment properties, and is shown net of VAT.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings
15% per annum on a straight line basis
Motor vehicles
25% per annum on a straight line basis

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.

1.4
Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. The surplus or deficit on revaluation is recognised in profit or loss.

1.5
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.

SELLERS INTERNATIONAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2024
1
Accounting policies
(Continued)
- 4 -

Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.

1.6
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

 

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

1.7
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

 

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.8
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 current liabilities.

SELLERS INTERNATIONAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2024
1
Accounting policies
(Continued)
- 5 -
1.9
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

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.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

 

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

 

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.10
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.11
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

SELLERS INTERNATIONAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2024
1
Accounting policies
(Continued)
- 6 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.12
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

 

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.13
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
3
5
SELLERS INTERNATIONAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2024
- 7 -
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 November 2023
350,931
Additions
1,018
Disposals
(39,250)
At 31 October 2024
312,699
Depreciation and impairment
At 1 November 2023
331,525
Depreciation charged in the year
8,917
Eliminated in respect of disposals
(39,250)
At 31 October 2024
301,192
Carrying amount
At 31 October 2024
11,507
At 31 October 2023
19,406
4
Investment property
2024
£
Fair value
At 1 November 2023 and 31 October 2024
6,121,500

The investment property fair value is based on a prior year valuation by an external, independent valuer, having an appropriate recognised professional qualification and recent experience in the location and class of property being valued.

 

Rental income from investment property is accounted for as described in the recognition of income accounting policy.

5
Fixed asset investments
2024
2023
£
£
Shares in group undertakings and participating interests
316,000
316,000
Other investments other than loans
1
1
316,001
316,001
SELLERS INTERNATIONAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2024
5
Fixed asset investments
(Continued)
- 8 -
Fixed asset investments revalued

The cost of the shares in the subsidiary companies totalled £1,036,539 but the investment has been written down in previous year to the value of the aggregate capital and reserves. The companies are currently not trading.

 

Other investments totalled £1,839,047 but have been written down in previous years when the shares held became no longer available for trading.

6
Subsidiaries

Separate company accounts are prepared for each company, due to the size of the group consolidated accounts are not required.

 

The registered office for the company is International House, Chapel Hill, Huddersfield, HD1 3EE.

Details of the company's subsidiaries at 31 October 2024 are as follows:

Name of undertaking
Address
Class of
% Held
shares held
Direct
Sellers Yorkshire Limtied
England
Ordinary shares
100.00
Ramsden and Colne Developments Limited
England
Ordinary shares
100.00
The aggregate capital and reserves and the result for the year of the subsidiaries noted above was as follows:
Name of undertaking
Capital and Reserves
Profit/(Loss)
£
£
Sellers Yorkshire Limtied
315,000
-
0
Ramsden and Colne Developments Limited
1,000
-
0
SELLERS INTERNATIONAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2024
- 9 -
7
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
65,773
46,475
Other debtors
106,439
18,920
172,212
65,395
Deferred tax asset
8,662
15,407
180,874
80,802
2024
2023
Amounts falling due after more than one year:
£
£
Amounts owed by group undertakings
122,500
145,500
Total debtors
303,374
226,302
8
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
52,106
57,621
Taxation and social security
21,537
22,155
Other creditors
20,039
44,144
93,682
123,920
9
Creditors: amounts falling due after more than one year
2024
2023
£
£
Amounts owed to group undertakings
315,000
315,000
10
Operating lease commitments

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2024
2023
£
£
Total commitments due within five years
4,708
10,985
SELLERS INTERNATIONAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2024
- 10 -
11
Related party transactions
Transactions with related parties

During the year the company entered into the following transactions with related parties:

Management charges received
Loan interest received
2024
2023
2024
2023
£
£
£
£
Entities over which the entity has control, joint control or significant influence
13,539
11,250
-
-
Other related parties
-
-
5,544
9,543

The following amounts were outstanding at the reporting end date:

2024
2023
Amounts due to related parties
£
£
Entities over which the entity has control, joint control or significant influence
315,000
315,000
2024
2023
Amounts due from related parties
£
£
Other related parties
122,500
145,000
12
Parent company

The company is exempt from preparing and delivering group accounts.The company is a wholly owned subsidiary of Ringwealth Limited, a company incorporated in England and Wales and its registered office is International House, Chapel Hill, Huddersfield, HD1 3EE.

2024-10-312023-11-01falsefalsefalse19 June 2025CCH SoftwareCCH Accounts Production 2025.100No description of principal activityMrs C E ArmitageMr C E ArmitageMrs J L RibeiroMr D U Armitage013998432023-11-012024-10-31013998432024-10-31013998432023-10-3101399843core:OtherPropertyPlantEquipment2024-10-3101399843core:OtherPropertyPlantEquipment2023-10-3101399843core:CurrentFinancialInstrumentscore:WithinOneYear2024-10-3101399843core:CurrentFinancialInstrumentscore:WithinOneYear2023-10-3101399843core:ShareCapital2024-10-3101399843core:ShareCapital2023-10-3101399843core:RetainedEarningsAccumulatedLosses2024-10-3101399843core:RetainedEarningsAccumulatedLosses2023-10-3101399843bus:Director12023-11-012024-10-3101399843core:FurnitureFittings2023-11-012024-10-3101399843core:MotorVehicles2023-11-012024-10-31013998432022-11-012023-10-3101399843core:OtherPropertyPlantEquipment2023-10-3101399843core:OtherPropertyPlantEquipment2023-11-012024-10-31013998432023-10-3101399843core:Non-currentFinancialInstruments2024-10-3101399843core:Non-currentFinancialInstruments2023-10-3101399843core:Subsidiary12023-11-012024-10-3101399843core:Subsidiary22023-11-012024-10-3101399843core:Subsidiary112023-11-012024-10-3101399843core:Subsidiary222023-11-012024-10-3101399843core:Subsidiary12024-10-3101399843core:Subsidiary22024-10-3101399843core:CurrentFinancialInstruments2024-10-3101399843core:CurrentFinancialInstruments2023-10-3101399843core:WithinOneYear2024-10-3101399843core:WithinOneYear2023-10-3101399843bus:PrivateLimitedCompanyLtd2023-11-012024-10-3101399843bus:SmallCompaniesRegimeForAccounts2023-11-012024-10-3101399843bus:FRS1022023-11-012024-10-3101399843bus:AuditExemptWithAccountantsReport2023-11-012024-10-3101399843bus:Director22023-11-012024-10-3101399843bus:Director32023-11-012024-10-3101399843bus:Director42023-11-012024-10-3101399843bus:FullAccounts2023-11-012024-10-31xbrli:purexbrli:sharesiso4217:GBP