REGISTERED NUMBER: 11161590 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2025

FOR

SEAGROWN LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

W A Crookes

L F Robinson

J C Cave

S Jefferson

REGISTERED OFFICE:

M/V Southern Star

Vincent Pier

Scarborough

North Yorkshire

YO11 1PH

REGISTERED NUMBER:

11161590 (England and Wales)

ACCOUNTANTS:

Lloyd Dowson Limited

Medina House

2 Station Avenue

Bridlington

East Yorkshire

YO16 4LZ

FIXED ASSETS

Intangible assets

4

38,007

25,395

Tangible assets

5

721,012

738,055

759,019

763,450

CURRENT ASSETS

Stocks

12,633

38,380

Debtors

6

23,744

37,647

Cash at bank and in hand

55,195

53,451

91,572

129,478

CREDITORS

Amounts falling due within one year

7

93,099

105,976

NET CURRENT (LIABILITIES)/ASSETS

(1,527

)

23,502

TOTAL ASSETS LESS CURRENT LIABILITIES

757,492

786,952

CREDITORS

Amounts falling due after more than one year

8

(662,583

)

(707,166

)

PROVISIONS FOR LIABILITIES

(59,317

)

(41,071

)

NET ASSETS

35,592

38,715

CAPITAL AND RESERVES

Called up share capital

9

4

4

Retained earnings

35,588

38,711

SHAREHOLDERS' FUNDS

35,592

38,715

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2025 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 October 2025 and were signed on its behalf by:

W A Crookes - Director

L F Robinson - Director

1.	STATUTORY INFORMATION

Seagrown Limited 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.

Turnover

Turnover is generated from marine aquaculture activities and recognised on the exchange of goods and services.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Cafe equipment

-

25% on reducing balance

Plant and machinery

-

25% on reducing balance

Aquaculture equipment

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Marine vessels

-

10% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the statement of income and retained earnings on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company has implemented auto-enrolment pension in respect of all employees. Contributions are charged to the statement of income and retained earnings in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2024 - 21 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 May 2024

40,628

Additions

18,528

At 30 April 2025

59,156

AMORTISATION

At 1 May 2024

15,233

Charge for year

5,916

At 30 April 2025

21,149

NET BOOK VALUE

At 30 April 2025

38,007

At 30 April 2024

25,395

5.	TANGIBLE FIXED ASSETS

Cafe

Plant and

Aquaculture

equipment

machinery

equipment

£

£

£

COST

At 1 May 2024

38,764

118,883

80,371

Additions

-

25,981

89,010

Disposals

-

-

-

At 30 April 2025

38,764

144,864

169,381

DEPRECIATION

At 1 May 2024

16,781

52,255

32,793

Charge for year

5,498

23,168

34,152

Eliminated on disposal

-

-

-

At 30 April 2025

22,279

75,423

66,945

NET BOOK VALUE

At 30 April 2025

16,485

69,441

102,436

At 30 April 2024

21,983

66,628

47,578

Motor

Marine

vehicles

vessels

Totals

£

£

£

COST

At 1 May 2024

15,450

939,534

1,193,002

Additions

-

34,138

149,129

Disposals

(5,500

)

-

(5,500

)

At 30 April 2025

9,950

973,672

1,336,631

DEPRECIATION

At 1 May 2024

3,863

349,255

454,947

Charge for year

1,866

97,363

162,047

Eliminated on disposal

(1,375

)

-

(1,375

)

At 30 April 2025

4,354

446,618

615,619

NET BOOK VALUE

At 30 April 2025

5,596

527,054

721,012

At 30 April 2024

11,587

590,279

738,055

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

30.4.24

£

£

Trade debtors

13,404

33,179

Other debtors

10,340

4,468

23,744

37,647

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

30.4.24

£

£

Bank loans and overdrafts

7,112

7,112

Trade creditors

23,928

16,923

Taxation and social security

23,788

21,005

Other creditors

38,271

60,936

93,099

105,976

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.4.25

30.4.24

£

£

Bank loans

28,427

35,539

Other creditors

634,156

671,627

662,583

707,166

Amounts falling due in more than five years:

Repayable by instalments

Bank loans

-

7,092

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.25

30.4.24

value:

£

£

2

Ordinary A

£1

2

2

1

Ordinary B

£1

1

1

1

Ordinary C

£1

1

1

4

4