REGISTERED NUMBER: 10610944 (England and Wales)

Unaudited Financial Statements

for the Year Ended 28 February 2025

for

Seivad Property Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

J Davies

Ms K A Davies

REGISTERED OFFICE:

Stanley House

49 Dartford Road

Sevenoaks

Kent

TN13 3TE

REGISTERED NUMBER:

10610944 (England and Wales)

ACCOUNTANTS:

ah partnership

Chartered Accountants

Stanley House

49 Dartford Road

Sevenoaks

Kent

TN13 3TE

FIXED ASSETS

Tangible assets

4

1

1

Investment property

5

375,000

325,000

375,001

325,001

CURRENT ASSETS

Cash at bank

181,252

2,889

CREDITORS

Amounts falling due within one year

6

428,877

266,281

NET CURRENT LIABILITIES

(247,625

)

(263,392

)

TOTAL ASSETS LESS CURRENT LIABILITIES

127,376

61,609

PROVISIONS FOR LIABILITIES

24,236

11,741

NET ASSETS

103,140

49,868

CAPITAL AND RESERVES

Called up share capital

2

2

Fair value reserve

7

110,682

70,182

Retained earnings

(7,544

)

(20,316

)

SHAREHOLDERS' FUNDS

103,140

49,868

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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 30 December 2025 and were signed on its behalf by:

Ms K A Davies - Director

1.	STATUTORY INFORMATION

Seivad Property 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 the rents receivable from the Investment Property, net of value added tax and rebates.

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 etc

-

33% on cost

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is initially recognised in the Income Statement.

As this 'surplus' is not distributable to the shareholders, the surplus or deficit, net of the deferred tax provision relating to the revaluation, is transferred to the Fair Value Reserve.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 (2024 - NIL).

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 March 2024

and 28 February 2025

749

DEPRECIATION

At 1 March 2024

and 28 February 2025

748

NET BOOK VALUE

At 28 February 2025

1

At 29 February 2024

1

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 March 2024

325,000

Revaluations

50,000

At 28 February 2025

375,000

NET BOOK VALUE

At 28 February 2025

375,000

At 29 February 2024

325,000

Fair value at 28 February 2025 is represented by:

£

Valuation in 2018

11,644

Valuation in 2020

50,000

Valuation in 2021

25,000

Valuation in 2025

50,000

Cost

238,356

375,000

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other creditors

428,877

266,281

7.

RESERVES

Fair

value

reserve

£

At 1 March 2024

70,182

Transfer from profit & loss

account

40,500

At 28 February 2025

110,682

8.	RELATED PARTY DISCLOSURES

The directors had loaned the company £262,959 at 28 February 2025 [£262,963 at 29 February 2024]. This amount is repayable on demand, but the directors do not intend repaying the loans until the company is financially able to do so.

9.	ULTIMATE CONTROLLING PARTY

The controlling party is the board of directors.

The ultimate controlling party is the board of directors.