Registration number: 07334857

Sea Life Styles Limited

trading as Jamie Wickens Butcher and Store

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 9

Sea Life Styles Limited

trading as Jamie Wickens Butcher and Store

Company Information

Directors

S A Wickens J E Featherstone A T L Powell J P Wickens

Registered office

39 High Street Battle East Sussex TN33 0EE

Accountants

Manningtons Chartered Accountants39 High Street Battle East Sussex TN33 0EE

Sea Life Styles Limited

trading as Jamie Wickens Butcher and Store

(Registration number: 07334857)
Balance Sheet as at 31 January 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	5	704,481	721,209
Current assets
Stocks	6	51,500	57,000
Debtors	7	70,544	72,479
Cash at bank and in hand		8,356	8,572
		130,400	138,051
Creditors: Amounts falling due within one year	8	(311,259)	(242,063)
Net current liabilities		(180,859)	(104,012)
Total assets less current liabilities		523,622	617,197
Creditors: Amounts falling due after more than one year	8	(958,874)	(916,611)
Provisions for liabilities		(4,703)	(4,993)
Net liabilities		(439,955)	(304,407)
Capital and reserves
Called up share capital		90	90
Retained earnings		(440,045)	(304,497)
Shareholders' deficit		(439,955)	(304,407)

For the financial year ending 31 January 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 accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their 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 directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 22 October 2025 and signed on its behalf by:
 

Sea Life Styles Limited

trading as Jamie Wickens Butcher and Store

(Registration number: 07334857)
Balance Sheet as at 31 January 2025

......................................... S A Wickens Director

Sea Life Styles Limited

trading as Jamie Wickens Butcher and Store

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

1	General information

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

The principal place of business is:
Jamie Wickens Butcher and Store
Sea Road
Winchelsea Beach
East Sussex
TN36 4LH

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 presentation currency of the financial statements is the Pound Sterling (£).

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Government grants

Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

Sea Life Styles Limited

trading as Jamie Wickens Butcher and Store

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

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.

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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Freehold property	2% straight line on buildings
Plant and equipment	10% straight line
Motor vehicles	20% straight line

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

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.

Sea Life Styles Limited

trading as Jamie Wickens Butcher and Store

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments

Classification
The company enters into basic financial instruments that give rise to financial assets and financial liabilities including trade and other debtors, trade and other creditors, bank account balances, bank loans and other loans and borrowings and investments in certain non puttable and non convertible equity instruments.
 Recognition and measurement
Debt instruments which are not payable or receivable within one year are initially accounted for at the transaction price and are subsequently accounted for at amortised cost using the effective interest method. Debt instruments payable and receivable within one year are measured at their undiscounted cash amounts. Where the debt instruments are treated as a financing transaction, then the financial asset or liability is measured at the present value of future cash flows based on a market rate of interest. Debt instruments which are treated as financial assets and accounted for at amortised cost are also assessed for impairment.

Equity instruments are initially accounted for at transaction price. They are subsequently accounted for at cost unless they can be accounted for at fair value based on a readily available market or fair value. Equity instruments which are treated as financial assets and accounting for at cost are also assessed for impairment.
 

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 14 (2024 - 14).

Sea Life Styles Limited

trading as Jamie Wickens Butcher and Store

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

4

Taxation

Tax charged/(credited) in the income statement

	2025 £	2024 £
Deferred taxation
Arising from origination and reversal of timing differences	(289)	106

5	Tangible assets

	Land and buildings £	Motor vehicles  £	Other tangible assets £	Total £
Cost or valuation
At 1 February 2024	867,735	13,700	173,274	1,054,709
Additions	-	-	582	582
At 31 January 2025	867,735	13,700	173,856	1,055,291
Depreciation
At 1 February 2024	173,297	13,700	146,503	333,500
Charge for the year	13,354	-	3,956	17,310
At 31 January 2025	186,651	13,700	150,459	350,810
Carrying amount
At 31 January 2025	681,084	-	23,397	704,481
At 31 January 2024	694,438	-	26,771	721,209

Included within the net book value of land and buildings above is £681,084 (2024 - £694,439) in respect of freehold land and buildings.
 

6

Stocks

	2025 £	2024 £
Other inventories	51,500	57,000

Sea Life Styles Limited

trading as Jamie Wickens Butcher and Store

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

7

Debtors

	2025 £	2024 £
Trade debtors	18,209	22,427
Taxation and social security	2,110	1,204
Prepayments	1,377	-
Other debtors	48,848	48,848
	70,544	72,479

8

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Bank loans and overdrafts	9	5,533	5,540
Trade creditors		88,866	28,595
Taxation and social security		9,845	8,268
Accruals and deferred income		3,335	2,958
Other creditors		185,534	178,586
Director loan account		18,146	18,116
		311,259	242,063

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	9	958,874	916,611

Sea Life Styles Limited

trading as Jamie Wickens Butcher and Store

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

9	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Bank borrowings	260	5,860
Other borrowings	958,614	910,751
	958,874	916,611

Current loans and borrowings

	2025 £	2024 £
Bank borrowings	5,533	5,540