Company No: 02010729 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTORS	Richard Morpeth Jameson
	Fiona Mary Nash
	Michael Nash
	Hilary Jane Thompson

SECRETARY

Hilary Jane Thompson

REGISTERED OFFICE	68 Venn Street
	Clapham Common
	London
	SW4 0AX
	United Kingdom

COMPANY NUMBER

02010729 (England and Wales)

	Note	2024		2023
		£		£
Fixed assets
Tangible assets	3	4,114		4,676
		4,114		4,676
Current assets
Debtors	4	792,522		874,355
Cash at bank and in hand		95		51,627
		792,617		925,982
Creditors: amounts falling due within one year	5	( 1,026,960)		( 1,173,008)
Net current liabilities		(234,343)		(247,026)
Total assets less current liabilities		(230,229)		(242,350)
Net liabilities		( 230,229)		( 242,350)
Capital and reserves
Called-up share capital		2		2
Profit and loss account		( 230,231 )		( 242,352 )
Total shareholders' deficit		( 230,229)		( 242,350)

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

Directors' responsibilities:

• The members have not required the company to obtain an audit of its financial statements for the financial year 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; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Sedley Place Design Limited (registered number: 02010729) were approved and authorised for issue by the Board of Directors on 17 September 2025. They were signed on its behalf by:

Michael Nash Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Sedley Place Design Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the company's registered office is 68 Venn Street, Clapham Common, London, SW4 0AX, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Profit and Loss Account in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Turnover

Turnover is recognised at the fair value of the consideration receivable for the provision of services in the ordinary course of the company's activities. Turnover is shown net of value added tax.

The company recognises revenue when graphic design services are provided to the client. Costs incurred on behalf of clients are also recognised in turnover and cost of sales when the costs are incurred.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc.

5 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

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.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

2. Employees

	2024		2023
	Number		Number
Monthly average number of persons employed by the company during the year, including directors	18		14

3. Tangible assets

	Plant and machinery etc.		Total
	£		£
Cost
At 01 January 2024	303,298		303,298
Additions	1,144		1,144
At 31 December 2024	304,442		304,442
Accumulated depreciation
At 01 January 2024	298,622		298,622
Charge for the financial year	1,707		1,707
At 31 December 2024	300,328		300,328
Net book value
At 31 December 2024	4,114		4,114
At 31 December 2023	4,676		4,676

4. Debtors

	2024		2023
	£		£
Trade debtors	658,108		624,591
Corporation tax	6,111		6,131
Other debtors	128,303		243,633
	792,522		874,355

5. Creditors: amounts falling due within one year

	2024		2023
	£		£
Bank overdrafts	67,754		0
Trade creditors	306,460		641,431
Other taxation and social security	95,438		211,258
Other creditors	557,308		320,319
	1,026,960		1,173,008

6. Contingencies

Contingent liabilities

Sedley Place Design Ltd., a company in which the shareholders have a participating interest, has provided a financial guarantee to Lloyds Bank in respect of the £304,500 mortgage loan taken by a company in the which the shareholders hold a participating interest, Sedley Place Ltd. The guarantee covers the full loan amount and is enforceable upon default. No liability has been recognized as management considers the likelihood of default to be remote

7. Related party transactions

Transactions with the entity's directors

	2024		2023
	£		£
Amounts advanced, interest free, repayable on demand	24,475		24,418
	0		0

£57 was advanced by M Nash during the year.