Seaberry Limited 31/03/2025 iXBRL

Company registration number: 04032653

Seaberry Limited

Unaudited filleted financial statements

31 March 2025

Seaberry Limited

Contents

Directors and other information

Accountants report

Statement of financial position

Notes to the financial statements

Seaberry Limited

Directors and other information


Directors	Mr M W Seaman-Hill	(Resigned 2 December 2024)
	Mr J J Hill	(Resigned 2 December 2024)
	Mr T W Shadbolt
	Mr M A Shadbolt


Company number	04032653


Registered office	First Floor Offices
	99 Bancroft
	Hitchin
	Hertfordshire
	SG5 1NQ


Accountants	Hicks and Company
	Chartered accountants
	First Floor
	99 Bancroft
	Hitchin
	Hertfordshire
	SG5 1NQ

Seaberry Limited

Chartered accountants report to the board of directors on the preparation of the

unaudited statutory financial statements of Seaberry Limited

Year ended 31 March 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Seaberry Limited for the year ended 31 March 2025 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com /en/members/regulations-standards-and-guidance/.

This report is made solely to the board of directors of Seaberry Limited, as a body, in accordance with the terms of our engagement letter dated 2 June 2025. Our work has been undertaken solely to prepare for your approval the financial statements of Seaberry Limited and state those matters that we have agreed to state to the board of directors of Seaberry Limited as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Seaberry Limited and its board of directors as a body for our work or for this report.

It is your duty to ensure that Seaberry Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Seaberry Limited. You consider that Seaberry Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Seaberry Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Hicks and Company

Chartered accountants

First Floor

99 Bancroft

Hitchin

Hertfordshire

SG5 1NQ

15 October 2025

Seaberry Limited

Statement of financial position

31 March 2025

		31/03/25		31/03/24
	Note	£	£	£	£

Fixed assets
Tangible assets	4	57,500		57,500
Investments	5	891,592		891,592
		_______		_______
			949,092		949,092

Current assets
Debtors	6	5,241		5,875
Cash at bank and in hand		4,690		-
		_______		_______
		9,931		5,875
Creditors: amounts falling due
within one year	7	( 687,837)		( 688,882)
		_______		_______
Net current liabilities			( 677,906)		( 683,007)
			_______		_______
Total assets less current liabilities			271,186		266,085

			_______		_______
Net assets			271,186		266,085
			_______		_______

Capital and reserves
Called up share capital			100		100
Fair value reserve			5,397		5,397
Profit and loss account			265,689		260,588
			_______		_______
Shareholders funds			271,186		266,085
			_______		_______

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

Directors responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

- The directors acknowledge their 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 15 October 2025 , and are signed on behalf of the board by:

Mr T W Shadbolt

Director

Company registration number: 04032653

Seaberry Limited

Notes to the financial statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England & Wales. The address of the registered office is First Floor Offices, 99 Bancroft, Hitchin, Hertfordshire, SG5 1NQ.

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, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

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

Consolidation

The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Turnover

Turnover represents the rents and recoverable expenses from properties which are included on an accruals basis.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 that are expected to apply to the reversal of the timing difference.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Investment property

Investment property is measured initially at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

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. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

Financial instruments

A financial asset or a financial liability is recognised only when the entity 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.

4. Tangible assets

	Freehold investment property	Total
	£	£
Cost/Valuation
At 1 April 2024 and 31 March 2025	57,500	57,500
	_______	_______
Depreciation
At 1 April 2024 and 31 March 2025	-	-
	_______	_______
Carrying amount
At 31 March 2025	57,500	57,500
	_______	_______
At 31 March 2024	57,500	57,500
	_______	_______

Investment property

The fair value of the freehold investment property has been arrived at on the basis of a valuation carried out by the directors of the company . The valuation was made on an open market value basis for existing use on 31 March 2025.

Tangible assets held at valuation

In respect of tangible assets held at valuation, the aggregate cost, depreciation and comparable carrying amount that would have been recognised if the assets had been carried under the historical cost model are as follows:


	Freehold investment property	Total
	£	£
At 31 March 2025
Aggregate cost	52,103	52,103
Aggregate depreciation	-	-
	_______	_______
Carrying amount	52,103	52,103
	_______	_______

At 31 March 2024
Aggregate cost	52,103	52,103
Aggregate depreciation	-	-
	_______	_______
Carrying amount	52,103	52,103
	_______	_______

5. Investments

	Shares in group undertakings	Total
	£	£
Cost
At 1 April 2024 and 31 March 2025	891,592	891,592
	_______	_______
Impairment
At 1 April 2024 and 31 March 2025	-	-
	_______	_______
Carrying amount
At 31 March 2025	891,592	891,592
	_______	_______
At 31 March 2024	891,592	891,592
	_______	_______

Investments in group undertakings
	Registered office	Class of share	Percentage of shares held
Subsidiary undertakings
Liscomb Limited	First Floor Offices, 99 Bancroft, Hitchin, Hertfordshire SG5 1NQ	Ordinary	80

Hitchin Arcade Limited	First Floor, 99 Bancroft, Hitchin, Hertfordshire SG5 1NQ	Ordinary	63

The results and capital and reserves for the period of the trading companies are as follows:


		Capital and		Profit/(loss)
		reserves		for the
				period
	31/03/25	31/03/24	31/03/25	31/03/24
	£	£	£	£
Subsidiary undertakings
Liscomb Limited	194,641	194,618	23	( 1,317)
Hitchin Arcade Limited	2,603,768	2,600,510	3,258	111,301

6. Debtors

	31/03/25	31/03/24
	£	£
Rent and insurance arrears	-	1,841
Other debtors	5,241	4,034
	_______	_______
	5,241	5,875
	_______	_______

7. Creditors: amounts falling due within one year

	31/03/25	31/03/24
	£	£
Insurance in advance	376	-
Trade creditors	380	-
Amounts owed to group undertaking	683,975	343,122
Amounts owed to related company	-	343,122
Corporation tax	1,196	479
Other creditors	1,910	2,159
	_______	_______
	687,837	688,882
	_______	_______

8. Related party transactions

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

	Transaction value
	Year	Period
	ended	ended
	31/03/25	31/03/24
	£	£
Walnut Tree Holdings Limited - Rent collection and asset management fee	380	-
	_______	_______

9. Controlling party

The directors and their family members directly and indirectly via their family companies own 100% of the share capital and therefore control the Company.