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Company No: 00767510 (England and Wales)

# SEACHESTER LIMITED

### Unaudited Financial Statements
For the financial year ended 31 December 2025
Pages for filing with the registrar

SEACHESTER LIMITED

## Unaudited Financial Statements

For the financial year ended 31 December 2025

Contents

SEACHESTER LIMITED

## COMPANY INFORMATION

For the financial year ended 31 December 2025
SEACHESTER LIMITED

## COMPANY INFORMATION (continued)

For the financial year ended 31 December 2025

Directors | P L Bowler
| I D Barnett

Secretary | I D Barnett

Registered office | 2 Chapel Close
| Seaford
| East Sussex
| BN25 2JJ
| United Kingdom

Company number | 00767510 (England and Wales)

Accountant | Kreston Reeves LLP
| Springfield House
| Springfield Road
| Horsham
| West Sussex
| RH12 2RG

SEACHESTER LIMITED

## BALANCE SHEET

As at 31 December 2025
SEACHESTER LIMITED

## BALANCE SHEET (continued)

As at 31 December 2025

| Note | 31.12.2025 |  | 31.12.2024
|  | £ |  | £
Fixed assets |  |  |  |
Investment property | 4 | 1,500,000 |  | 1,500,000
|  | 1,500,000 |  | 1,500,000
Current assets |  |  |  |
Debtors | 5 | 15,689 |  | 18,526
Cash at bank and in hand |  | 335,054 |  | 335,485
|  | 350,743 |  | 354,011
Creditors: amounts falling due within one year | 6 | ( 150,785) |  | ( 126,847)
Net current assets |  | 199,958 |  | 227,164
Total assets less current liabilities |  | 1,699,958 |  | 1,727,164
Net assets |  | 1,699,958 |  | 1,727,164
Capital and reserves |  |  |  |
Called-up share capital | 7 | 200 |  | 200
Revaluation reserve |  | 151,153 |  | 151,153
Capital redemption reserve |  | 20,000 |  | 20,000
Profit and loss account |  | 1,528,605 |  | 1,555,811
Total shareholder's funds |  | 1,699,958 |  | 1,727,164

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

Directors' responsibilities:

- The member has not required the Company to obtain an audit of its financial statements for the financial year 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; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Comprehensive Income has not been delivered.

The financial statements of Seachester Limited (registered number: 00767510) were approved and authorised for issue by the Board of Directors on 14 April 2026. They were signed on its behalf by:

I D Barnett Director |

SEACHESTER LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2025
SEACHESTER LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

Seachester Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The company's registered number is 00767510. The address of the Company's registered office is 2 Chapel Close, Seaford, East Sussex, BN25 2JJ, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of investment properties at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £1.

##### Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

##### Turnover

Turnover represents rents, recharged maintenance costs and other property related income receivable by the company. Rents received in advance for future periods are included in other creditors.

##### Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

##### Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.
Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

##### Leases

The Company as lessee
Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

##### Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
The fair value is determined annually by the directors, on an open market value for existing use basis.

##### Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

##### Cash and cash equivalents

Cash and cash equivalents 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.

##### Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

##### Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

##### Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

##### Reserves

The capital redemption reserve represents a reserve arising following reductions in the Company's issued share capital.
The revaluation reserve represents the accumulated surpluses over cost arising on the revaluation of investment property.
The profit and loss account represents accumulated realised profits less accumulated realised losses.

#### 2. Critical accounting judgements and key sources of estimation uncertainty

In the application of the Company’s accounting policies, the directors are required to make judgements that have a significant impact on the amounts recognised. The following are the critical judgements that the directors have made in the process of applying the Company’s accounting policies and that have the most significant effect on the amounts recognised in the financial statements.
Investment property is accounted for at fair value. Fair value is an accounting estimate made by the directors. The main factor that can impact on the estimate is market conditions, in particular the yields expected by investors and the general economic outlook.

#### 3. Employees

| 31.12.2025 |  | 31.12.2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including directors | 2 |  | 2

#### 4. Investment property

| Investment property
| £
Valuation |
As at 01 January 2025 | 1,500,000
As at 31 December 2025 | 1,500,000

Valuation

The 2025 valuations were made by the directors, on the basis of information provided by an independent professionally qualified valuer in 2023, on an open market value for existing use basis.

Historic cost

If the investment properties had been accounted for under the cost accounting rules, the properties would have been measured as follows:

| 31.12.2025 |  | 31.12.2024
| £ |  | £
Historic cost less accumulated depreciation and impairments | 829,229 |  | 837,498

#### 5. Debtors

| 31.12.2025 |  | 31.12.2024
| £ |  | £
Trade debtors | 3,351 |  | 6,011
Prepayments | 12,338 |  | 12,515
| 15,689 |  | 18,526

#### 6. Creditors: amounts falling due within one year

| 31.12.2025 |  | 31.12.2024
| £ |  | £
Trade creditors | 9,263 |  | 9,645
Corporation tax | 40,891 |  | 43,964
Other taxation and social security | 13,000 |  | 12,391
Other creditors | 87,631 |  | 60,847
| 150,785 |  | 126,847

#### 7. Called-up share capital

| 31.12.2025 |  | 31.12.2024
| £ |  | £
Allotted, called-up and fully-paid |  |  |
200 Ordinary shares of £ 1.00 each | 200 |  | 200

#### 8. Financial commitments

Commitments

At 31 December 2025 the Company had future minimum lease payments due under non-cancellable operating leases of £36,000 (2024: £36,000) per annum for a further period of 51 years.

#### 9. Related party transactions

The Company is a wholly owned subsidiary of Seachester One Limited and has taken advantage of the exemption conferred by the provisions of FRS 102 1A - small entities, not to disclose transactions with Seachester One Limited.

#### 10. Ultimate controlling party

The Company's parent company is Seachester One Limited, incorporated in England and Wales. The Company is ultimately controlled by Mr P L Bowler and Mr I D Barnett.