REGISTERED NUMBER: 11098936 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

SEUBRA LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Ms H D B Seuren

G R Seuren

SECRETARY:

REGISTERED OFFICE:

188 High Street

Egham

Surrey

TW20 9ED

REGISTERED NUMBER:

11098936 (England and Wales)

ACCOUNTANTS:

Stein Richards

Chartered Accountants

10 London Mews

Paddington

LONDON

W2 1HY

FIXED ASSETS

Investment property

4

2,445,500

2,445,500

CURRENT ASSETS

Debtors

5

95,139

94,126

Cash at bank

112,387

71,300

207,526

165,426

CREDITORS

Amounts falling due within one year

6

68,907

2,514,206

NET CURRENT ASSETS/(LIABILITIES)

138,619

(2,348,780

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,584,119

96,720

CAPITAL AND RESERVES

Called up share capital

2

2

Revaluation reserve

7

(225,000

)

(225,000

)

Retained earnings

2,809,117

321,718

2,584,119

96,720

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 20 May 2025 and were signed on its behalf by:

Ms H D B Seuren - Director

G R Seuren - Director

1.	STATUTORY INFORMATION

Seubra 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.

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 as modified by the revaluation of certain assets.

Turnover

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

Turnover is in respect of rental income and is recognised on a straight line basis over the terms of the leases.

Investment property

In accordance with FRS102, Section 1A, the company's properties are held for long-term investment and are included in the Balance Sheet at their open market values. The surplus or deficit on annual revaluation of such properties are transferred to the revaluation reserve together with the associated deferred tax.

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.

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.

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities.

The basic financial debtors and liabilities as listed above are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future payments / receipts discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment. An impairment review is undertaken annually at the balance sheet date.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

and 31 December 2024

2,445,500

NET BOOK VALUE

At 31 December 2024

2,445,500

At 31 December 2023

2,445,500

Fair value at 31 December 2024 is represented by:

£

Valuation in 2022

(300,000

)

Cost

2,745,500

2,445,500

The valuation made by Blackacre Chartered Surveyors and Valuers in November 2022 is on an open market value for existing use basis.

The directors considered that this valuation remains appropriate for the year ended 31 December 2024.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

11,108

10,414

Other debtors

84,031

83,712

95,139

94,126

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade creditors

5,958

6,239

Taxation and social security

39,440

37,729

Other creditors

23,509

2,470,238

68,907

2,514,206

7.

RESERVES

Revaluation

reserve

£

At 1 January 2024

and 31 December 2024

(225,000

)

8.	RELATED PARTY DISCLOSURES

During the year the company made repayments to a UK incorporated company under the same control and ownership in the sum of £54,080 (2023: £198,682). Following these repayments the company owed £2,395,719 (2023: £2,449,799) to the UK incorporated company. This full balance was written off by the UK incorporated company as at 31 December 2024 as unrecoverable and is no longer due.

In addition, the company received rental income from the aforementioned related party in the sum of £44,700 (2023:£165,000). As at 31st December 2024 and 2023 £Nil remained outstanding in this regard.