| Seeneen Properties Ltd |
| Registered number: |
13094866 |
| Balance Sheet |
| as at 31 March 2025 |
|
| Notes |
|
|
2025 |
|
|
2024 |
| £ |
£ |
| Fixed assets |
| Investments |
3 |
|
|
1,125,000 |
|
|
1,088,023 |
|
| Current assets |
| Cash at bank and in hand |
|
|
7,842 |
|
|
10,785 |
|
| Creditors: amounts falling due within one year |
4 |
|
(8,000) |
|
|
(351) |
|
| Net current (liabilities)/assets |
|
|
|
(158) |
|
|
10,434 |
|
| Total assets less current liabilities |
|
|
|
1,124,842 |
|
|
1,098,457 |
|
| Creditors: amounts falling due after more than one year |
5 |
|
|
(995,606) |
|
|
(1,009,782) |
|
|
|
| Net assets |
|
|
|
129,236 |
|
|
88,675 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
20 |
|
|
20 |
| Revaluation reserve |
6 |
|
|
134,477 |
|
|
97,500 |
| Profit and loss account |
|
|
|
(5,261) |
|
|
(8,845) |
|
| Shareholders' funds |
|
|
|
129,236 |
|
|
88,675 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| Shoaib Arshad |
| Director |
| Approved by the board on 29 December 2025 |
|
| Seeneen Properties Ltd |
| Notes to the Accounts |
| for the year ended 31 March 2025 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the letting of properties and rendering of other services. |
|
|
Investments |
|
Investment are held under properties to earn rentals or for capital appreciation. They are measured at fair value at the balance sheet date. The fair value is determined by the directors based on market evidence, external valuations (where applicable), or other appropriate methods. Changes in the fair value of investment properties are recognised in the profit and loss account for the year in which they arise, in accordance with FRS 102 Section 16. |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. |
|
|
| 2 |
Employees |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of persons employed by the company |
0 |
|
0 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Investments |
|
| Other |
| investments |
| £ |
|
Cost |
|
At 1 April 2024 |
1,088,023 |
|
Revaluation |
36,977 |
|
|
At 31 March 2025 |
1,125,000 |
|
|
Investments are in the properties for letting purposes that are valued on the balance sheet date by the directors of the company in compared with the changes in market values. |
|
|
| 4 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Taxation and social security costs |
- |
|
351 |
|
Other creditors |
8,000 |
|
- |
|
|
|
|
|
|
8,000 |
|
351 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due after one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Bank loans |
665,323 |
|
665,323 |
|
Other creditors |
330,283 |
|
344,459 |
|
|
|
|
|
|
995,606 |
|
1,009,782 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Revaluation reserve |
2025 |
|
2024 |
| £ |
£ |
|
|
Gain on revaluation of land and buildings |
36,977 |
|
97,500 |
|
|
At 31 March 2025 |
134,477 |
|
97,500 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Other information |
|
|
Seeneen Properties Ltd is a private company limited by shares and incorporated in England. Its registered office is: |
|
c/o Knox Cropper LLP |
|
65 Leadenhall Street |
|
London |
|
EC3A 2AD |