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REGISTERED NUMBER: 04917097 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

SEETEC PROPERTIES LIMITED

SEETEC PROPERTIES LIMITED (REGISTERED NUMBER: 04917097)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 6

SEETEC PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2024







DIRECTOR: P A Cooper





REGISTERED OFFICE: Rutland House
90-92 Baxter Avenue
Southend on Sea
Essex
SS2 6HZ





REGISTERED NUMBER: 04917097 (England and Wales)





ACCOUNTANTS: Goldwyns Limited
Chartered Accountants
Rutland House
90-92 Baxter Avenue
Southend on Sea
Essex
SS2 6HZ

SEETEC PROPERTIES LIMITED (REGISTERED NUMBER: 04917097)

BALANCE SHEET
31 OCTOBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 43,485 50,767
Investment property 5 3,168,400 3,038,500
3,211,885 3,089,267

CURRENT ASSETS
Debtors 6 4,240 2,950
Cash at bank 425,588 689,262
429,828 692,212
CREDITORS
Amounts falling due within one year 7 791,239 863,582
NET CURRENT LIABILITIES (361,411 ) (171,370 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,850,474

2,917,897

PROVISIONS FOR LIABILITIES 491,073 513,100
NET ASSETS 2,359,401 2,404,797

CAPITAL AND RESERVES
Called up share capital 8 1 1
Undistributable reserves 9 1,619,065 1,659,975
Retained earnings 740,335 744,821
SHAREHOLDERS' FUNDS 2,359,401 2,404,797

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

SEETEC PROPERTIES LIMITED (REGISTERED NUMBER: 04917097)

BALANCE SHEET - continued
31 OCTOBER 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 10 July 2025 and were signed by:





P A Cooper - Director


SEETEC PROPERTIES LIMITED (REGISTERED NUMBER: 04917097)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

1. STATUTORY INFORMATION

Seetec Properties 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 company's business address differs from its registered office and is located in Rochford.

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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 20% on cost
Plant and machinery - 25% on cost
Motor vehicles - 25% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Improvements
to Plant and Motor
property machinery vehicles Totals
£    £    £    £   
COST
At 1 November 2023 - 27,312 136,080 163,392
Additions 33,160 - - 33,160
At 31 October 2024 33,160 27,312 136,080 196,552
DEPRECIATION
At 1 November 2023 - 22,962 89,663 112,625
Charge for year 6,632 4,350 29,460 40,442
At 31 October 2024 6,632 27,312 119,123 153,067
NET BOOK VALUE
At 31 October 2024 26,528 - 16,957 43,485
At 31 October 2023 - 4,350 46,417 50,767

SEETEC PROPERTIES LIMITED (REGISTERED NUMBER: 04917097)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2023 3,038,500
Additions 184,447
Revaluations (54,547 )
At 31 October 2024 3,168,400
NET BOOK VALUE
At 31 October 2024 3,168,400
At 31 October 2023 3,038,500

Fair value at 31 October 2024 is represented by:
£   
Valuation in 2006 294,015
Valuation in 2014 70,460
Valuation in 2017 1,796,260
Valuation in 2024 (54,547 )
Cost 1,062,212
3,168,400

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 4,240 2,950

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 9,105 9,476
Other creditors 782,134 854,106
791,239 863,582

8. CALLED UP SHARE CAPITAL

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

9. RESERVES
Undistributable
reserves
£   
At 1 November 2023 1,659,975
Transfer of reserves (40,910 )

At 31 October 2024 1,619,065

CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
SEETEC PROPERTIES LIMITED

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Seetec Properties Limited for the year ended 31 October 2024 which comprise the Income Statement, Balance Sheet and the related notes 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Seetec Properties Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Seetec Properties Limited and state those matters that we have agreed to state to the director of Seetec Properties Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Seetec Properties Limited and its director for our work or for this report.

It is your duty to ensure that Seetec Properties Limited 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 loss of Seetec Properties Limited. You consider that Seetec Properties Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Seetec Properties Limited. 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.






Goldwyns Limited
Chartered Accountants
Rutland House
90-92 Baxter Avenue
Southend on Sea
Essex
SS2 6HZ


10 July 2025