Seldon Investments Ltd

(Registration number: 11405624)
Balance Sheet as at 30 September 2024 (continued)

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 29 September 2025
 

CS Dewar Director

Seldon Investments Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

1.	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Brent Hall Warley Gap
Little Warley
Brentwood
CM13 3DP
United Kingdom

These financial statements were authorised for issue by the director on 29 September 2025.

2.	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The presentational currency is Pound Sterling (£).

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

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

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Investments

Investments are measured at fair value with changes recognised in profit and loss. A fair value reserve represents the revaluation surplus less provision for deferred tax at the year-end.

Seldon Investments Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024 (continued)

2	Accounting policies (continued)

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

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 account 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.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3.	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 0 (2023 - 0).

Seldon Investments Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024 (continued)

4.	Other financial assets (current and non-current)

	Financial assets at fair value through profit and loss £		Total £
Non-current financial assets
Cost or valuation
At 1 October 2023	23,642,499	-	23,642,499
Additions	12,552,208	-	12,552,208
Disposals	(20,783,399)	-	(20,783,399)
Fair value adjustments	9,740,476	-	9,740,476
At 30 September 2024	25,151,784	-	25,151,784
Carrying amount
At 30 September 2024	25,151,784	-	25,151,784

5.

Debtors

Current	30.09.24 £	30.09.23 £
Amounts owed by related parties	3,780,000	3,780,000
Deferred Tax asset	-	225,579
	3,780,000	4,005,579

During the year, the company advanced loans to its associated companies. No interest is charged and loans are repayable on demand.

Seldon Investments Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024 (continued)

6.

Creditors

Creditors: amounts falling due within one year

	30.09.24 £	30.09.23 £
Due within one year
Amounts owed to group undertakings and undertakings in which the company has a participating interest	3,700,000	3,000,000
Accruals and deferred income	30,730	27,730
Other creditors	7,710,600	8,767,155
	11,441,330	11,794,885