Company Registration No. 10923338 (England and Wales)
Segabuild Properties Limited
Unaudited accounts
for the year ended 31 August 2025
Segabuild Properties Limited
Unaudited accounts
Contents
Segabuild Properties Limited
Company Information
for the year ended 31 August 2025
Directors
James Malin
Zanna Malin
Company Number
10923338 (England and Wales)
Registered Office
14/2E Docklands Business Centre
10-16 Tiller Road
London
E14 8PX
United Kingdom
Segabuild Properties Limited
Statement of financial position
as at 31 August 2025
Investment property
573,413
354,379
Cash at bank and in hand
74,711
3,542
Creditors: amounts falling due within one year
(309,490)
(196,867)
Net current liabilities
(234,779)
(180,706)
Total assets less current liabilities
338,636
173,675
Creditors: amounts falling due after more than one year
(330,771)
(197,163)
Net assets/(liabilities)
7,865
(23,488)
Called up share capital
2
2
Profit and loss account
7,863
(23,490)
Shareholders' funds
7,865
(23,488)
For the year ending 31 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 30 October 2025 and were signed on its behalf by
James Malin
Director
Company Registration No. 10923338
Segabuild Properties Limited
Notes to the Accounts
for the year ended 31 August 2025
Segabuild Properties Limited is a private company, limited by shares, registered in England and Wales, registration number 10923338. The registered office is 14/2E Docklands Business Centre, 10-16 Tiller Road, London, E14 8PX, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents rental income receivable.
Turnover is recognised when the company has a right to consideration.
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Investment properties whose fair value can be measured reliably without undue cost or effort shall be measured at fair value at each reporting date with changes in fair value recognised in profit or loss account.
Segabuild Properties Limited
Notes to the Accounts
for the year ended 31 August 2025
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and nonportable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Fair value at 1 September 2024
354,379
In the opinion of the directors the fair value of the investment properties as at 31 August 2025 is not significantly different to that stated above.
5
Investments
Other investments
Valuation at 1 September 2024
2
Valuation at 31 August 2025
2
Amounts falling due within one year
Accrued income and prepayments
-
2,619
7
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
-
237
Amounts owed to group undertakings and other participating interests
-
88,355
Taxes and social security
2,147
-
Loans from directors
307,343
107,395
8
Creditors: amounts falling due after more than one year
2025
2024
Bank loans
330,771
197,163
The bank loans are secured by a fixed charge over the investment properties of the company. The bank loans are due for repayment in full by July 2049. The rate of interest varies between 5.47% and 6.79% per annum.
Segabuild Properties Limited
Notes to the Accounts
for the year ended 31 August 2025
Allotted, called up and fully paid:
1 Ordinary A shares of £1 each
1
1
1 Ordinary B shares of £1 each
1
1
10
Transactions with related parties
At the year end the company owed £307,343 (2024: £107,394) to the directors. The amount owed is interest-free and repayable on demand.
11
Average number of employees
During the year the average number of employees was 2 (2024: 2).