SEAHORSE RATING LIMITED

Company Registration Number:
02041269 (England and Wales)

Unaudited abridged accounts for the year ended 31 October 2024

Period of accounts

Start date: 01 November 2023

End date: 31 October 2024

SEAHORSE RATING LIMITED

Contents of the Financial Statements

for the Period Ended 31 October 2024

Balance sheet
Notes

SEAHORSE RATING LIMITED

Balance sheet

As at 31 October 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 8,845 5,793
Total fixed assets: 8,845 5,793
Current assets
Debtors: 4 78,322 75,315
Cash at bank and in hand: 180,903 168,094
Total current assets: 259,225 243,409
Creditors: amounts falling due within one year: 5 (49,892) (82,258)
Net current assets (liabilities): 209,333 161,151
Total assets less current liabilities: 218,178 166,944
Provision for liabilities: (2,133) (1,197)
Total net assets (liabilities): 216,045 165,747
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 215,945 165,647
Shareholders funds: 216,045 165,747

The notes form part of these financial statements

SEAHORSE RATING LIMITED

Balance sheet statements

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

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 21 July 2025
and signed on behalf of the board by:

Name: Richard Palmer
Status: Director

The notes form part of these financial statements

SEAHORSE RATING LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

SEAHORSE RATING LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2024

2. Employees

2024 2023
Average number of employees during the period 4 4

SEAHORSE RATING LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2024

3. Tangible Assets

Total
Cost £
At 01 November 2023 117,786
Additions 8,156
Disposals 0
Revaluations 0
Transfers 0
At 31 October 2024 125,942
Depreciation
At 01 November 2023 111,993
Charge for year 5,104
On disposals 0
Other adjustments 0
At 31 October 2024 117,097
Net book value
At 31 October 2024 8,845
At 31 October 2023 5,793

SEAHORSE RATING LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2024

4. Debtors

2024 2023
££
Debtors due after more than one year: 0 0

SEAHORSE RATING LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2024

5. Creditors: amounts falling due within one year note

Creditors: amounts falling due within one year 2024 2023 £ £ Trade creditors 3,513 4,085 Amounts owed to group undertakings 19,231 48,000 Taxation and social security 27,907 20,827 Other creditors 4,415 9,346 Total 55,066 82,258

SEAHORSE RATING LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2024

6. Changes in presentation and prior period adjustments

Prior period adjustment Reconciliation of changes in equity 1 November 31 October 2022 2023 £ £ Adjustments to prior year Adjustment to Irrecoverable VAT 37,119 52,429 Equity as previously reported 61,823 113,318 Equity as adjusted 98,942 165,747 Analysis of the effect upon equity Profit and loss reserves 37,119 52,429 Reconciliation of changes in profit for the previous financial period 2023 £ Adjustments to prior year Adjustment to Irrecoverable VAT 15,310 Profit as previously reported 51,495 Profit as adjusted 66,805 Notes to reconciliation Adjustment to Irrecoverable VAT During the year ended 31 October 2024, it was identified that the company had under-claimed input tax for previous VAT returns. An error correction notice was submitted to HMRC, which was agreed by HMRC subsequent to the year end with full payment received. A prior period adjustment has been recorded, reducing the value of Irrecoverable VAT for the year ended 31 October 2023 by £15,310. The effect on the profit and loss reserve at 1 November 2022 and 31 October 2023 from the figures previous reported was an increase of £37,119 and £52,429 respectively.