Registered number
12997744
SEAGULLS PROPERTIES LTD
Filleted Accounts
30 November 2024
SEAGULLS PROPERTIES LTD
Registered number: 12997744
Balance Sheet
as at 30 November 2024
Notes 2024 2023
£ £
Fixed assets
Investments 3 327,177 327,177
Current assets
Cash at bank and in hand 29,878 5,936
Creditors: amounts falling due within one year 4 (10,094) (2,557)
Net current assets 19,784 3,379
Total assets less current liabilities 346,961 330,556
Creditors: amounts falling due after more than one year 5 (302,982) (298,304)
Net assets 43,979 32,252
Capital and reserves
Called up share capital 600 600
Profit and loss account 43,379 31,652
Shareholders' funds 43,979 32,252
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
S Ahmed
Director
Approved by the board on 27 August 2025
SEAGULLS PROPERTIES LTD
Notes to the Accounts
for the year ended 30 November 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Investments
Other
investments
£
Cost
At 1 December 2023 327,177
At 30 November 2024 327,177
4 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 2,753 2,557
Other creditors 7,341 -
10,094 2,557
5 Creditors: amounts falling due after one year 2024 2023
£ £
Other creditors 302,982 298,304
6 Other information
SEAGULLS PROPERTIES LTD is a private company limited by shares and incorporated in England. Its registered office is:
Ground Floor
35 New England Road
Brighton
East Sussex
BN1 4GG
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