REGISTERED NUMBER: 08185087 (England and Wales)

Unaudited Financial Statements for the Year Ended 28 December 2024

for

Seegrow (Developments) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr S J R Noel

REGISTERED OFFICE:

Britannia Court

5 Moor Street

Worcester

Worcestershire

WR1 3DB

REGISTERED NUMBER:

08185087 (England and Wales)

ACCOUNTANTS:

Chandler and Partners Limited

5 Moor Street

Worcester

Worcestershire

WR1 3DB

FIXED ASSETS

Intangible assets

4

17,909

23,072

Tangible assets

5

7,069

9,426

24,978

32,498

CURRENT ASSETS

Debtors

6

108,892

77,206

Cash at bank

6,997

422

115,889

77,628

CREDITORS

Amounts falling due within one year

7

(102,352

)

(104,164

)

NET CURRENT ASSETS/(LIABILITIES)

13,537

(26,536

)

TOTAL ASSETS LESS CURRENT LIABILITIES

38,515

5,962

CREDITORS

Amounts falling due after more than one year

8

(159,851

)

(136,347

)

NET LIABILITIES

(121,336

)

(130,385

)

CAPITAL AND RESERVES

Called up share capital

400

400

Retained earnings

(121,736

)

(130,785

)

(121,336

)

(130,385

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 28 December 2025 and were signed by:

Mr S J R Noel - Director

1.	STATUTORY INFORMATION

Seegrow (Developments) 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 measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets

Patent are being amortised evenly over their estimated useful life of 10 years.

Tangible fixed assets

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

estimated useful life.

Plant and machinery - 25% on reducing balance

Computer equipment - 25% on reducing balance

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 29 December 2023

and 28 December 2024

51,638

AMORTISATION

At 29 December 2023

28,566

Charge for year

5,163

At 28 December 2024

33,729

NET BOOK VALUE

At 28 December 2024

17,909

At 28 December 2023

23,072

5.	TANGIBLE FIXED ASSETS

Plant and

Computer

machinery

equipment

Totals

£

£

£

COST

At 29 December 2023

and 28 December 2024

31,758

15,783

47,541

DEPRECIATION

At 29 December 2023

24,814

13,301

38,115

Charge for year

1,736

621

2,357

At 28 December 2024

26,550

13,922

40,472

NET BOOK VALUE

At 28 December 2024

5,208

1,861

7,069

At 28 December 2023

6,944

2,482

9,426

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.12.24

28.12.23

£

£

Trade debtors

56,204

25,868

Other debtors

52,688

51,338

108,892

77,206

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.12.24

28.12.23

£

£

Bank loans and overdrafts (see note 9)

37,426

47,500

Other loans (see note 9)

16,812

16,812

Trade creditors

4,201

4,232

Amounts owed to group undertakings

741

741

VAT

21,483

20,215

Other creditors

10,546

6,949

Directors' loan accounts

2,643

1,215

Accrued expenses

8,500

6,500

102,352

104,164

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

28.12.24

28.12.23

£

£

Bank loans (see note 9)

37,537

38,425

Other loans (see note 9)

3,879

7,386

Other creditors

42,365

-

Directors' loan accounts

76,070

90,536

159,851

136,347

9.

LOANS

An analysis of the maturity of loans is given below:

28.12.24

28.12.23

£

£

Amounts falling due within one year or on demand:

Bank overdrafts

30,332

40,350

Bank loans

7,094

7,150

Other loans

16,812

16,812

54,238

64,312

Amounts falling due between one and two years:

Bank loans - 1-2 years

37,537

38,425

Other loans - 1-2 years

3,879

7,386

41,416

45,811

10.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr S J R Noel.