0 01/10/2023 30/09/2024 2024-09-30 false false false false false false false true false false true false false false false false false false No description of principal activities is disclosed 2023-10-01 Sage Accounts Production 24.0 - FRS102_2024 xbrli:pure xbrli:shares iso4217:GBP 11554884 2023-10-01 2024-09-30 11554884 2024-09-30 11554884 2023-09-30 11554884 2022-10-01 2023-09-30 11554884 2023-09-30 11554884 2022-09-30 11554884 bus:RegisteredOffice 2023-10-01 2024-09-30 11554884 bus:Director1 2023-10-01 2024-09-30 11554884 core:WithinOneYear 2024-09-30 11554884 core:WithinOneYear 2023-09-30 11554884 core:ShareCapital 2024-09-30 11554884 core:ShareCapital 2023-09-30 11554884 core:RetainedEarningsAccumulatedLosses 2024-09-30 11554884 core:RetainedEarningsAccumulatedLosses 2023-09-30 11554884 core:CostValuation core:Non-currentFinancialInstruments 2023-09-30 11554884 core:DisposalsRepaymentsInvestments core:Non-currentFinancialInstruments 2024-09-30 11554884 core:CostValuation core:Non-currentFinancialInstruments 2024-09-30 11554884 core:Non-currentFinancialInstruments 2024-09-30 11554884 core:Non-currentFinancialInstruments 2023-09-30 11554884 bus:Director1 2024-09-30 11554884 bus:Director1 2023-09-30 11554884 bus:SmallEntities 2023-10-01 2024-09-30 11554884 bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 11554884 bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 11554884 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 11554884 bus:FullAccounts 2023-10-01 2024-09-30
Company registration number: 11554884
Seilern Developments Limited
Unaudited filleted financial statements
30 September 2024
Seilern Developments Limited
Contents
Directors and other information
Statement of financial position
Notes to the financial statements
Seilern Developments Limited
Directors and other information
Director Mrs C Seilern
Company number 11554884
Registered office 24 Scrubs Lane
London
NW10 6RA
Seilern Developments Limited
Statement of financial position
30 September 2024
2024 2023
Note £ £ £ £
Fixed assets
Investments 4 374,129 414,329
_______ _______
374,129 414,329
Current assets
Cash at bank and in hand 86,622 3,641
_______ _______
86,622 3,641
Creditors: amounts falling due
within one year 5 ( 175,939) ( 168,940)
_______ _______
Net current liabilities ( 89,317) ( 165,299)
_______ _______
Total assets less current liabilities 284,812 249,030
_______ _______
Net assets 284,812 249,030
_______ _______
Capital and reserves
Called up share capital 100 100
Profit and loss account 284,712 248,930
_______ _______
Shareholder funds 284,812 249,030
_______ _______
For the year ending 30 September 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 member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 18 June 2025 , and are signed on behalf of the board by:
Mrs C Seilern
Director
Company registration number: 11554884
Seilern Developments Limited
Notes to the financial statements
Year ended 30 September 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 24 Scrubs Lane, London, NW10 6RA.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Fixed asset investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Debt instruments are subsequently measured at amortised cost.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4. Investments
Shares in group undertakings and participating interests Total
£ £
Cost
At 1 October 2023 414,329 414,329
Disposals ( 40,200) ( 40,200)
_______ _______
At 30 September 2024 374,129 374,129
_______ _______
Impairment
At 1 October 2023 and 30 September 2024 - -
_______ _______
Carrying amount
At 30 September 2024 374,129 374,129
_______ _______
At 30 September 2023 414,329 414,329
_______ _______
Investments in group undertakings
Registered country Class of share Percentage of shares held
Participating interest
AGG1 IKE Greece Ordinary 50
AGG2 IKE Greece Ordinary 50
AGG3 IKE Greece Ordinary 50
5. Creditors: amounts falling due within one year
2024 2023
£ £
Corporation tax 6,999 -
Other creditors 168,940 168,940
_______ _______
175,939 168,940
_______ _______
6. Directors advances, credits and guarantees
Balance brought forward and o/standing Balance brought forward and o/standing
2024 2023
£ £
Mrs C Seilern 160,700 160,700
_______ _______