SEAR1 LTD - Accounts

SEAR1 LTD
Statement of Financial Position
As at 31 March 2025

	Notes	2025 £	2024 £
Fixed assets
Tangible fixed assets	3	1,952	1,883
Investments	4	100	100
		2,052	1,983
Current assets
Debtors		5,850	0
Cash at bank and in hand		55,464	92,055
		61,314	92,055
Creditors: amount falling due within one year		(15,557)	(1,277)
Net current assets		45,757	90,778

Total assets less current liabilities		47,809	92,761
Provisions for liabilities		(160)	(160)
Net assets		47,649	92,601

Capital and reserves
Called up share capital		50	50
Profit and loss account		47,599	92,551
Shareholders' funds		47,649	92,601

For the year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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.
The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 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. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved by the director on 15 September 2025 and were signed by:

-------------------------------
Simon Laight
Director

SEAR1 LTD
Notes to the Abridged Financial Statements
For the year ended 31 March 2025

General Information

SEAR1 LTD is a private company, limited by shares, registered in England and Wales, registration number 13048306, registration address c/o MOORHURST PARTNERS LLP, Suite S2 Blackwell House, Guildhall Yard, London, EC2V 5AE.

The presentation currency is £ sterling.

Accounting policies

Significant accounting policies

Statement of compliance

These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.

The financial statements are prepared in sterling which is the functional currency of the company.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Taxation

Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Plant and Machinery	25% Reducing Balance
Computer Equipment	33% Reducing Balance

Fixed asset investments

Fixed asset investments are stated at cost less provision for any permanent diminution in value.

Provisions

Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.

2.	Average number of employees Average number of employees during the year was 3 (2024 : 3).

Tangible fixed assets

Cost or valuation	Plant and Machinery	Computer Equipment	Total
	£	£	£
At 01 April 2024	2,015	2,634	4,649
Additions	-	568	568
Disposals	-	-	-
At 31 March 2025	2,015	3,202	5,217
Depreciation
At 01 April 2024	1,166	1,600	2,766
Charge for year	189	310	499
On disposals	-	-	-
At 31 March 2025	1,355	1,910	3,265
Net book values
Closing balance as at 31 March 2025	660	1,292	1,952
Opening balance as at 01 April 2024	849	1,034	1,883

Investments

Cost	Other investments other than loans	Total
	£	£
At 01 April 2024	100	100
Additions	-	-
Disposals	-	-
At 31 March 2025	100	100

Related parties

During the year the company entered into the following transactions with related parties:

	Transaction value - income/(expenses)				Balance owed by/(owed to)
	2025 £		2024 £		2025 £		2024 £
Conway real Estate Limited	15,500		40,000		0		0

During the accounting period there was 1 transaction between Sear1 Limited and its wholly owned subsidiary Conway Real Estate Limited.

Registered Number: 13048306
England and Wales
SEAR1 LTD

Abridged Accounts

Period of accounts Start date: 01 April 2024 End date: 31 March 2025