COMPANY REGISTRATION NUMBER:
14607633
|
SEATONS LAW HOLDINGS LIMITED |
|
|
FILLETED UNAUDITED FINANCIAL STATEMENTS |
|
|
SEATONS LAW HOLDINGS LIMITED |
|
|
STATEMENT OF FINANCIAL POSITION |
|
30 April 2025
FIXED ASSETS
|
Investments |
5 |
|
2,066,380 |
|
2,066,380 |
|
|
|
|
|
|
CURRENT ASSETS
|
Debtors |
6 |
288,525 |
|
788,675 |
|
|
Cash at bank and in hand |
597,810 |
|
42,478 |
|
|
--------- |
|
--------- |
|
|
886,335 |
|
831,153 |
|
|
|
|
|
|
|
|
CREDITORS: amounts falling due within one year |
7 |
1,062,075 |
|
1,261,486 |
|
|
------------ |
|
------------ |
|
|
NET CURRENT LIABILITIES |
|
175,740 |
|
430,333 |
|
|
------------ |
|
------------ |
|
TOTAL ASSETS LESS CURRENT LIABILITIES |
|
1,890,640 |
|
1,636,047 |
|
|
------------ |
|
------------ |
|
|
|
|
|
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CAPITAL AND RESERVES
|
Called up share capital fully paid |
|
11,000 |
|
11,000 |
|
Share premium account |
|
99,878 |
|
99,878 |
|
Profit and loss account |
|
1,779,762 |
|
1,525,169 |
|
|
------------ |
|
------------ |
|
SHAREHOLDERS FUNDS |
|
1,890,640 |
|
1,636,047 |
|
|
------------ |
|
------------ |
|
|
|
|
|
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the year ending 30 April 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 financial statements for the year in question in accordance with section 476
;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
|
SEATONS LAW HOLDINGS LIMITED |
|
|
STATEMENT OF FINANCIAL POSITION (continued) |
|
30 April 2025
These financial statements were approved by the
board of directors
and authorised for issue on
11 December 2025
, and are signed on behalf of the board by:
Company registration number:
14607633
|
SEATONS LAW HOLDINGS LIMITED |
|
|
NOTES TO THE FINANCIAL STATEMENTS |
|
YEAR ENDED 30 APRIL 2025
1.
GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 1 Alexandra Road, Corby, Northamptonshire, NN17 1PE.
2.
STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Income tax The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 that are expected to apply to the reversal of the timing difference.
Investments Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Impairment of fixed assets A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit and loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit and loss.
4.
EMPLOYEE NUMBERS
The average number of persons employed by the company during the year amounted to
3
(2024:
3
).
5.
INVESTMENTS
|
Shares in group undertakings |
|
£ |
|
Cost |
|
|
At 1 May 2024 and 30 April 2025 |
2,066,380 |
|
------------ |
|
Impairment |
|
|
At 1 May 2024 and 30 April 2025 |
– |
|
------------ |
|
|
|
Carrying amount |
|
|
At 30 April 2025 |
2,066,380 |
|
------------ |
|
At 30 April 2024 |
2,066,380 |
|
------------ |
|
|
6.
DEBTORS
|
2025 |
2024 |
|
£ |
£ |
|
Amounts owed by group undertakings and undertakings in which the company has a participating interest |
288,525 |
788,620 |
|
Other debtors |
– |
55 |
|
--------- |
--------- |
|
288,525 |
788,675 |
|
--------- |
--------- |
|
|
|
7.
CREDITORS:
amounts falling due within one year
|
2025 |
2024 |
|
£ |
£ |
|
Corporation tax |
2,278 |
– |
|
Other creditors |
1,059,797 |
1,261,486 |
|
------------ |
------------ |
|
1,062,075 |
1,261,486 |
|
------------ |
------------ |
|
|
|
8.
RELATED PARTY TRANSACTIONS
The company has taken advantage of the provisions in FRS 102 not to disclose transactions with 100% owned group companies. A Director and his dependant hold redeemable preference shares totalling £996,667 (2024 £1,196,667) which is included in other creditors. Interest is received on the redeemable preference shares calculated at 5% per annum.