REGISTERED NUMBER: 03723655 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 MARCH 2025

FOR

SEALVIEW LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs S Stern

O A Stern

SECRETARY:

Mrs S Stern

REGISTERED OFFICE:

115 Craven Park Road

London

N15 6BL

REGISTERED NUMBER:

03723655 (England and Wales)

ACCOUNTANTS:

Venitt and Greaves

Chartered Accountants

115 Craven Park Road

South Tottenham

London

N15 6BL

FIXED ASSETS

Tangible assets

4

1,350

1,592

Investment property

5

1,817,022

1,817,022

1,818,372

1,818,614

CURRENT ASSETS

Debtors

6

484,633

476,509

Cash at bank

141

11,706

484,774

488,215

CREDITORS

Amounts falling due within one year

7

(48,438

)

(60,780

)

NET CURRENT ASSETS

436,336

427,435

TOTAL ASSETS LESS CURRENT LIABILITIES

2,254,708

2,246,049

CREDITORS

Amounts falling due after more than one year

8

(1,058,645

)

(1,058,645

)

NET ASSETS

1,196,063

1,187,404

CAPITAL AND RESERVES

Called up share capital

10

2

2

Revaluation reserve

11

1,242,903

1,242,903

Retained earnings

11

(46,842

)

(55,501

)

SHAREHOLDERS' FUNDS

1,196,063

1,187,404

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 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 4 December 2025 and were signed on its behalf by:

A Stern - Director

1.	STATUTORY INFORMATION

Sealview 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.

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 as modified by the revaluation of certain assets.

Turnover

Turnover represents net rent receivable, excluding value added tax.

Tangible fixed assets

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

Fixtures and fittings

-

15% on reducing balance

Investment properties

Investment properties are properties held to earn rental income or for capital appreciation or for both.

Investment properties are recognised initially at cost.

Subsequent to initial recognition:

a. Investment properties whose fair value can be measured reliably without undue cost or effort are held at fair value. Any gains or losses arising from change in fair value are recognised in profit or loss in the period that they arise; and

b. no depreciation is provided in respect of investment properties applying the fair value model.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 31 March 2024

and 30 March 2025

7,630

DEPRECIATION

At 31 March 2024

6,038

Charge for year

242

At 30 March 2025

6,280

NET BOOK VALUE

At 30 March 2025

1,350

At 30 March 2024

1,592

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 31 March 2024

and 30 March 2025

1,817,022

NET BOOK VALUE

At 30 March 2025

1,817,022

At 30 March 2024

1,817,022

The directors have confirmed that there is no significant increase or decrease in the property market value.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.3.25

30.3.24

£

£

Other debtors

484,633

476,509

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.3.25

30.3.24

£

£

Taxation and social security

11,156

12,275

Other creditors

37,282

48,505

48,438

60,780

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.3.25

30.3.24

£

£

Bank loans

1,058,645

1,058,645

30.3.25

30.3.24

£

£

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

1,058,645

1,058,645

9.	SECURED DEBTS

The following secured debts are included within creditors:

30.3.25

30.3.24

£

£

Bank loans

1,058,645

1,058,645

Long term bank loan is secured by first charge over the company's investment property and bear interest at variable rates.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.3.25

30.3.24

value:

£

£

2

Ordinary

£1

2

2

11.

RESERVES

Retained

Revaluation

earnings

reserve

Totals

£

£

£

At 31 March 2024

(55,501

)

1,242,903

1,187,402

Profit for the year

8,659

8,659

At 30 March 2025

(46,842

)

1,242,903

1,196,061

12.	ULTIMATE CONTROLLING PARTY

The controlling party is O A Stern.