Seabridge Developments Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: 08743085

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		826		278

			826		278
CURRENT ASSETS
Stocks		718,627		609,804
Debtors	5	9,359		17,843
Cash at bank and in hand		12,065		49,506

		740,051		677,153
Creditors: Amounts Falling Due Within One Year	6	(134,759 )		(17,259 )

NET CURRENT ASSETS (LIABILITIES)			605,292		659,894

TOTAL ASSETS LESS CURRENT LIABILITIES			606,118		660,172

NET ASSETS			606,118		660,172

CAPITAL AND RESERVES
Called up share capital	7		100		100
Profit and Loss Account			606,018		660,072

SHAREHOLDERS' FUNDS			606,118		660,172

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Seabridge Developments Limited

Balance Sheet (continued)

As At 31 March 2025

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr D W Seabridge

Director

23 December 2025

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Seabridge Developments Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08743085 . The registered office is Gibson House Hurricane Court, Hurricane Close, Stafford, ST16 1GZ.

2. Accounting Policies

2.1. Basis of Preparation of 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.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

2.2. Tangible Fixed Assets and Depreciation

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

Fixtures & Fittings	- 25% on reducing balance
Computer Equipment	- 33.3% on cost

Tangible fixed assets are stated at cost less accumulated depreciation. Cost includes costs directly attributeable to making the asset capable of operating as intended.

2.3. Stocks and Work in Progress

Stocks and work in progress are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all cost of purchase, cost of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

2.4. Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

2.5. Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2024: 1)

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Seabridge Developments Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

4. Tangible Assets

	Fixtures & Fittings	Computer Equipment	Total
	£	£	£
Cost
As at 1 April 2024	1,365	2,947	4,312
Additions	-	925	925

As at 31 March 2025	1,365	3,872	5,237

Depreciation
As at 1 April 2024	1,087	2,947	4,034
Provided during the period	69	308	377

As at 31 March 2025	1,156	3,255	4,411

Net Book Value
As at 31 March 2025	209	617	826

As at 1 April 2024	278	-	278

5. Debtors

	2025	2024
	£	£
Due within one year
Corporation tax recoverable assets	-	10,041
VAT	3,443	3,698
Amounts owed by group undertakings	5,916	4,104

	9,359	17,843

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	11,231	4,592
Other taxes and social security	1,187	1,233
Other creditors	107,453	2,408
Accruals and deferred income	2,220	2,120
Director's loan account	12,668	6,906

	134,759	17,259

7. Share Capital

	2025	2024
Allotted, called up and fully paid	£	£
100 Ordinary Shares of £ 1.00 each	100	100

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