REGISTERED NUMBER: 04128660 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2024

FOR

SEAGRAVE DEVELOPMENTS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

JC Harmon

ES Harmon

REGISTERED OFFICE:

Higham Road Trading Estate

Higham Road

Burton Latimer

Northamptonshire

NN15 5PU

REGISTERED NUMBER:

04128660 (England and Wales)

ACCOUNTANTS:

Bewers Turner & Co LLP

Chartered Accountants

Portland House

11-13 Station Road

Kettering

Northamptonshire

NN15 7HH

FIXED ASSETS

Tangible assets

4

361,663

231,158

Investments

5

2,242,022

2,242,022

2,603,685

2,473,180

CURRENT ASSETS

Stocks

3,029,155

612,987

Debtors

6

4,372,578

7,526,310

Cash at bank and in hand

3,961,516

4,903,394

11,363,249

13,042,691

CREDITORS

Amounts falling due within one year

7

12,457,099

13,700,274

NET CURRENT LIABILITIES

(1,093,850

)

(657,583

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,509,835

1,815,597

CREDITORS

Amounts falling due after more than one year

8

-

(338,931

)

PROVISIONS FOR LIABILITIES

(90,416

)

(57,790

)

NET ASSETS

1,419,419

1,418,876

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

1,419,319

1,418,776

SHAREHOLDERS' FUNDS

1,419,419

1,418,876

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30th September 2025 and were signed on its behalf by:

JC Harmon - Director

1.	STATUTORY INFORMATION

Seagrave Developments 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Preparation of consolidated financial statements

The financial statements contain information about Seagrave Developments Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Related party exemption

The company has taken advantage of the exemption in FRS 102 not to disclose related party transactions with its parent company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Plant and machinery

-

15% on cost

Fixtures and fittings

-

20% on cost

Motor vehicles

-

25% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

The company is party to only the basic financial instruments such as cash, trade debtors and creditors and loans. Instruments such as trade debtors and trade creditors are initially recognised at their transaction cost and reviewed at the year end for impairment. Debt instruments not repayable on demand or due within one year are measured at amortised cost using the effective interest rate.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2023 - 9 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1st January 2024

474,959

50,405

62,545

587,909

Additions

5,520

8,356

170,379

184,255

At 31st December 2024

480,479

58,761

232,924

772,164

DEPRECIATION

At 1st January 2024

289,899

47,870

18,982

356,751

Charge for year

38,934

2,890

11,926

53,750

At 31st December 2024

328,833

50,760

30,908

410,501

NET BOOK VALUE

At 31st December 2024

151,646

8,001

202,016

361,663

At 31st December 2023

185,060

2,535

43,563

231,158

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakin

£

COST

At 1st January 2024

and 31st December 2024

2,242,022

NET BOOK VALUE

At 31st December 2024

2,242,022

At 31st December 2023

2,242,022

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

145,717

94,499

Amounts owed by group undertakings

824,919

3,159,436

Amounts owed by associates

2,878,234

3,766,295

Other debtors

523,708

506,080

4,372,578

7,526,310

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

-

110,270

Trade creditors

225,197

193,106

Amounts owed to group undertakings

12,066,588

12,197,621

Amounts owed to associates

93,417

783,241

Taxation and social security

60,708

(62,853

)

Other creditors

11,189

478,889

12,457,099

13,700,274

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

-

338,931

9.	RELATED PARTY DISCLOSURES