Seachoice Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 01546024 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

SEACHOICE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

C L B Niven

B H Houlihan

M McNamee

SECRETARY:

Miss P D R Niven

REGISTERED OFFICE:

Mere House

Mill Lane

Frensham

Farnham

Surrey

GU10 3EB

REGISTERED NUMBER:

01546024 (England and Wales)

ACCOUNTANTS:

Seago and Stopps

Chartered Certified Accountants

61 Station Road

Sudbury

Suffolk

CO10 2SP

FIXED ASSETS

46,755

Tangible assets

4

52,502

140,426

Investments

5

140,426

187,181

192,928

CURRENT ASSETS

153,134

Debtors

6

110,587

100,068

Cash at bank and in hand

115,891

253,202

226,478

CREDITORS

95,976

Amounts falling due within one year

7

98,624

157,226

NET CURRENT ASSETS

127,854

344,407

TOTAL ASSETS LESS CURRENT

LIABILITIES

320,782

CREDITORS

(219,298

)

Amounts falling due after more than one

year

8

(214,905

)

(8,883

)

PROVISIONS FOR LIABILITIES

(8,333

)

116,226

NET ASSETS

97,544

CAPITAL AND RESERVES

100

Called up share capital

100

116,126

Retained earnings

97,444

116,226

SHAREHOLDERS' FUNDS

97,544

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

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

The directors acknowledge their 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.

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 Board of Directors and authorised for issue on 25 September 2025 and were signed on its behalf by:

C L B Niven - Director

1.	STATUTORY INFORMATION

Seachoice 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 presentation currency of the financial statements is the Pound Sterling (£).

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.

Turnover

Turnover represents the value of work completed and invoiced during the year and after taking into account the movement between the opening and closing trade debtor balances.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Building improvements

-20% on cost

Office equipment

-20% on cost

Cinema equipment

-20% on cost

Financial instruments

The company enters into basic financial instrument transactions, as appropriate and as and when required, that result in the recognition of financial assets and liabilities within the financial statemernts such as trade and other accounts receivable and payable, bank loans and hire purchase and lease contracts.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Investments

Fixed asset investments are stated at cost.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Building

Fixtures

Office

Cinema

Totals

improvements

& fittings

equipment

£

COST

At 1 January 2024

98,150

9,201

-

30,925

58,024

Additions

24,598

-

9,487

6,929

8,182

At 31 December 2024

122,748

9,201

9,487

37,854

66,206

DEPRECIATION

At 1 January 2024

51,395

9,201

-

25,662

16,532

Charge for year

18,851

-

1,896

3,715

13,240

At 31 December 2024

70,246

9,201

1,896

29,377

29,772

NET BOOK VALUE

At 31 December 2024

52,502

-

7,591

8,477

36,434

At 31 December 2023

46,755

-

5,263

41,492

5.	FIXED ASSET INVESTMENTS

31.12.24

31.12.23

£

Investments

140,426

Additional information is as follows:

Other

investments

£

COST

At 1 January 2024

and 31 December 2024

500

NET BOOK VALUE

At 31 December 2024

500

At 31 December 2023

500

Investments (neither listed nor unlisted) were as follows:

31.12.24

31.12.23

£

Loan Colne Bar Properties Ltd

139,926

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Trade debtors

48,475

75,136

Other debtors

62,112

77,998

110,587

153,134

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Bank loans and overdrafts

6,524

3,885

Trade creditors

46,985

65,272

Taxation and social security

1,538

5,469

Other creditors

43,577

21,350

98,624

95,976

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN

ONE YEAR

31.12.24

31.12.23

£

Bank loans

34,277

40,674

Other creditors

180,628

178,624

214,905

219,298

31.12.24

31.12.23

£

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

8,181

14,034