Company registration number 02862622 (England and Wales)
SEMINAL MERCHANDISING LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025
PAGES FOR FILING WITH REGISTRAR
SEMINAL MERCHANDISING LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
SEMINAL MERCHANDISING LTD
BALANCE SHEET
AS AT
30 APRIL 2025
30 April 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Intangible assets
-
0
-
0
Investments
3
90
90
Current assets
Debtors
4
203,217
208,365
Cash at bank and in hand
3,042
-
0
206,259
208,365
Creditors: amounts falling due within one year
5
(329,700)
(339,521)
Net current liabilities
(123,441)
(131,156)
Net liabilities
(123,351)
(131,066)
Capital and reserves
Called up share capital
2
2
Profit and loss reserves
(123,353)
(131,068)
Total equity
(123,351)
(131,066)

For the financial year ended 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he 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 Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 9 March 2026 and are signed on its behalf by:
Mr D Bell
Director
Company registration number 02862622 (England and Wales)
SEMINAL MERCHANDISING LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025
- 2 -
1
Accounting policies
Company information

Seminal Merchandising Ltd is a private company limited by shares incorporated in England and Wales. The registered office is First Floor, 14-15 Berners Street, London, W1T 3LJ.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2
Going concern

At the time of approving the financial statements, the director ha true s a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the director continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Fixed asset investments

Where market valuation cannot be reliably determined, fixed assets investments are stated at cost.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.

Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.

1.4
Cash at bank and in hand

Cash at bank and in hand are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less.

1.5
Financial instruments

The company has only basic financial instruments.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction.

SEMINAL MERCHANDISING LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
1
Accounting policies
(Continued)
- 3 -

Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.

1.6
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
2
2
3
Fixed asset investments
2025
2024
£
£
Investments
90
90
Financial assets for which fair value cannot be measured reliably

Fixed asset investments relate to the share capital in the wholly owned unlisted subsidiary. As the market value of such shares cannot be reliably determined the value of the investments shown is the historical cost less any permanent diminution.

Movements in fixed asset investments
Shares in group undertakings
£
Cost
At 1 May 2024 & 30 April 2025
90
Carrying amount
At 30 April 2025
90
At 30 April 2024
90
SEMINAL MERCHANDISING LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
- 4 -
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Corporation tax recoverable
41,583
44,625
Other debtors
161,634
163,740
203,217
208,365
5
Creditors: amounts falling due within one year
2025
2024
£
£
Amounts owed to group undertakings
325,920
335,915
Other creditors
3,780
3,606
329,700
339,521
6
Directors' transactions

Loans have been granted by the company to its directors' as follows:

Loans
% Rate
Opening balance
Amounts repaid
Closing balance
£
£
£
Director
-
163,741
(2,106)
161,635
163,741
(2,106)
161,635
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