REGISTERED NUMBER: 12385983 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Seaspray Developments Ltd

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

Mrs J C Oliver

B W Oliver

REGISTERED OFFICE:

12 Tillingdown Lane

Caterham

CR3 6RU

REGISTERED NUMBER:

12385983 (England and Wales)

ACCOUNTANTS:

Butt Miller

Chartered Accountants

1 Minster Court

Tuscam Way

Camberley

Surrey

GU15 3YY

CURRENT ASSETS

Stocks

4

488,674

243,033

Debtors

5

6,991

1,684

Cash at bank

10,631

11,246

506,296

255,963

CREDITORS

Amounts falling due within one year

6

(458,496

)

(191,281

)

NET CURRENT ASSETS

47,800

64,682

TOTAL ASSETS LESS CURRENT LIABILITIES

47,800

64,682

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

47,798

64,680

47,800

64,682

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 December 2025 and were signed on its behalf by:

B W Oliver - Director

1.	STATUTORY INFORMATION

Seaspray Developments 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.

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

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

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 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 statement of financial position date.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.

STOCKS

2025

2024

£

£

Stocks

488,674

243,033

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

VAT

6,673

1,401

Prepayments

318

283

6,991

1,684

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other loans

162,465

-

Social security and other taxes

479

478

Directors' loan accounts

295,552

190,803

458,496

191,281

7.	SECURED DEBTS

Colenko Capital Ltd holds a first legal mortgage and a first fixed charge over the land held by the company as well as a fixed and floating charge over all the property and undertakings of the company.

Colenko Secured Lending 2 Ltd holds a first legal mortgage and a first fixed charge over another piece of land held by the company as well as a fixed and floating charge over all the property and undertakings of the company.

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024:

2025

2024

£

£

B W Oliver

Balance outstanding at start of year

(170,965

)

(46,881

)

Amounts advanced

5,121

-

Amounts repaid

(99,058

)

(124,084

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(264,902

)

(170,965

)

Mrs J C Oliver

Balance outstanding at start of year

(19,838

)

(18,526

)

Amounts repaid

(10,812

)

(1,312

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(30,650

)

(19,838

)

The above loans are unsecured, repayable on demand and interest free.