IRIS Accounts Production v25.3.0.601 10103700 Board of Directors 1.1.23 31.12.23 31.12.23 0 0 false true false false true false iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 10103700 2022-12-31 10103700 2023-12-31 10103700 2023-01-01 2023-12-31 10103700 2021-12-31 10103700 2022-01-01 2022-12-31 10103700 2022-12-31 10103700 ns15:EnglandWales 2023-01-01 2023-12-31 10103700 ns14:PoundSterling 2023-01-01 2023-12-31 10103700 ns10:Director1 2023-01-01 2023-12-31 10103700 ns10:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 10103700 ns10:SmallEntities 2023-01-01 2023-12-31 10103700 ns10:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 10103700 ns10:SmallCompaniesRegimeForDirectorsReport 2023-01-01 2023-12-31 10103700 ns10:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 10103700 ns10:FullAccounts 2023-01-01 2023-12-31 10103700 ns10:Director2 2023-01-01 2023-12-31 10103700 ns10:RegisteredOffice 2023-01-01 2023-12-31 10103700 ns5:CurrentFinancialInstruments 2023-12-31 10103700 ns5:CurrentFinancialInstruments 2022-12-31 10103700 ns5:ShareCapital 2023-12-31 10103700 ns5:ShareCapital 2022-12-31 10103700 ns5:RetainedEarningsAccumulatedLosses 2023-12-31 10103700 ns5:RetainedEarningsAccumulatedLosses 2022-12-31 10103700 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2023-12-31 10103700 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2022-12-31

REGISTERED NUMBER: 10103700 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2023

for

SETHA CANTERBURY LTD

SETHA CANTERBURY LTD (REGISTERED NUMBER: 10103700)

Contents of the Financial Statements

for the Year Ended 31 December 2023

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 3 |

SETHA CANTERBURY LTD

Company Information

for the Year Ended 31 December 2023

| DIRECTORS: | M Alsoni

| G Fanciulli

| REGISTERED OFFICE: | Unit 13

| 12A Courtfield Gardens

| London

| SW5 0PL

| REGISTERED NUMBER: | 10103700 (England and Wales)

| ACCOUNTANTS: | Hill Wooldridge & Co.

| Monument House

| 215 Marsh Road

| Pinner

| HA5 5NE

SETHA CANTERBURY LTD (REGISTERED NUMBER: 10103700)

Balance Sheet

31 December 2023

| 2023 |  | 2022

| Notes | £ | £ |

CURRENT ASSETS

Stocks | 6,858,961 |  | 5,589,102 |  |

Debtors | 4 | 14,946 |  | 482,036 |  |

Cash at bank | - |  | 4,021 |  |

6,873,907 |  | 6,075,159 |  |

CREDITORS

Amounts falling due within one year | 5 | 8,514,708 |  | 7,694,724 |  |

NET CURRENT LIABILITIES | (1,640,801 | ) | (1,619,565 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | (1,640,801 | ) | (1,619,565 | ) |

CAPITAL AND RESERVES

Called up share capital | 200 |  | 200 |  |

Retained earnings | (1,641,001 | ) | (1,619,765 | ) |

SHAREHOLDERS' FUNDS | (1,640,801 | ) | (1,619,565 | ) |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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 22 October 2025 and were signed on its behalf by:

G Fanciulli - Director

SETHA CANTERBURY LTD (REGISTERED NUMBER: 10103700)

Notes to the Financial Statements

for the Year Ended 31 December 2023

1. | STATUTORY INFORMATION

| Setha Canterbury Ltd 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.

| Stocks

| Work in progress is valued at the lower of cost and net realisable value.

| Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

| 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.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was NIL (2022 - NIL).

4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2023 | 2022 |

£ | £ |

| Trade debtors | 400 |  | 2,400 |  |

| Other debtors | 14,546 |  | 479,636 |  |

14,946 |  | 482,036 |  |

5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2023 | 2022 |

£ | £ |

| Bank loans and overdrafts | 34 |  | - |  |

| Trade creditors | 222,332 |  | 223,383 |  |

| Other creditors | 8,292,342 |  | 7,471,341 |  |

8,514,708 |  | 7,694,724 |  |

SETHA CANTERBURY LTD (REGISTERED NUMBER: 10103700)

Notes to the Financial Statements - continued

for the Year Ended 31 December 2023

6. | SECURED DEBTS

| The following secured debts are included within creditors:

2023 | 2022 |

£ | £ |

| Other creditors | 5,134,000 |  | 5,134,000 |  |

| The other creditor is secured on the company's freehold property, 46-47 High Street, Canterbury, CT1 25A, which is disclosed as stock.

7. | RELATED PARTY DISCLOSURES

| During the year the Company operated loan accounts with its shareholders and those holding a participating interest in the Company. The aggregate balance on these loan accounts at the year end date was:

|  | 2023 |  |  | 2022 |  |

|  | £ |  |  | £ |  |

| Related party loans payable |  | 2,306,554 |  |  | 2,037,949 |  |

| The amounts payable to related parties bear no interest and have no specified repayment date.

| During the year the company was charged by one of its shareholders £56,000 (2022 : £40,000) for project management fees.