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Seagull Logistics London Ltd

Annual Report and Unaudited Financial Statements

for the Period from 5 August 2024 to 31 October 2024

Registration number: 15878445

 

Seagull Logistics London Ltd

Contents

Statement of financial position

1

Notes to the Unaudited Financial Statements

2 to 4

 

Seagull Logistics London Ltd

(Registration number: 15878445)
Statement of financial position as at 31 October 2024

Note

2024
£

Fixed assets

 

Investments

4

504,570

Current assets

 

Debtors

5

45

Cash at bank and in hand

 

7

 

52

Creditors: Amounts falling due within one year

6

(253,875)

Net current liabilities

 

(253,823)

Net assets

 

250,747

Capital and reserves

 

Called up share capital

7

45

Retained earnings

250,702

Shareholders' funds

 

250,747

For the financial period ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

Approved and authorised by the director on 8 April 2025
 

.........................................
Mr Michael Ian Berry
Director

 

Seagull Logistics London Ltd

Notes to the Unaudited Financial Statements for the Period from 5 August 2024 to 31 October 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Solo House
The Courtyard
London Road
Horsham
West Sussex
RH12 1AT

These financial statements were authorised for issue by the director on 8 April 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Seagull Logistics London Ltd

Notes to the Unaudited Financial Statements for the Period from 5 August 2024 to 31 October 2024

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 1.

4

Investments

2024
£

Investments in subsidiaries

504,570

Subsidiaries

£

Cost or valuation

Additions

504,570

Provision

Carrying amount

At 31 October 2024

504,570

5

Debtors

Current

2024
£

Other debtors

45

 

45

 

Seagull Logistics London Ltd

Notes to the Unaudited Financial Statements for the Period from 5 August 2024 to 31 October 2024

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

Due within one year

 

Amounts owed to group undertakings and undertakings in which the company has a participating interest

199,899

Other creditors

 

53,976

 

253,875

7

Share capital

Allotted, called up and fully paid shares

2024

No.

£

Ordinary share capital of £1 each

1

1