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Registration number: 08430856

SE1UK Limited
Unaudited Filleted Financial Statements
for the Period from 1 July 2024 to 29 June 2025

SE1UK Limited

Contents

Company Information | 1
Balance Sheet | 2
Notes to the Unaudited Financial Statements | 3 to 9

SE1UK Limited

Company Information

Directors | Mr Charles Hill Mr Adam Hill

Registered office | 102 Fulham Palace Road London W6 9PL

Accountants | Michaelides Warner & Co Limited 102 Fulham Palace Road London W6 9PL

SE1UK Limited

(Registration number: 08430856)
Balance Sheet as at 29 June 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Intangible assets | 4 | 810,000 | 945,000
Tangible assets | 5 | 599,869 | 690,248
|  | 1,409,869 | 1,635,248
Current assets |  |  |
Stocks | 6 | 10,000 | 5,000
Debtors | 7 | 531,777 | 112,066
Cash at bank and in hand |  | 34,480 | 5,999
|  | 576,257 | 123,065
Creditors: Amounts falling due within one year | 8 | (545,454) | (456,414)
Net current assets/(liabilities) |  | 30,803 | (333,349)
Net assets |  | 1,440,672 | 1,301,899
Capital and reserves |  |  |
Called up share capital | 9 | 1,000 | 1,000
Retained earnings |  | 1,439,672 | 1,300,899
Shareholders' funds |  | 1,440,672 | 1,301,899

For the financial period ending 29 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 22 May 2026 and signed on its behalf by:

......................................... Mr Charles Hill Director

SE1UK Limited

Notes to the Unaudited Financial Statements for the Period from 1 July 2024 to 29 June 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
102 Fulham Palace Road
London
W6 9PL
United Kingdom

These financial statements were authorised for issue by the Board on 22 May 2026.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

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

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Judgements

The directors consider that there are no key judgements that management have made in the process of applying the company's accounting policies and that may have had a significant effect on the amounts recognised in the financial statements.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

SE1UK Limited

Notes to the Unaudited Financial Statements for the Period from 1 July 2024 to 29 June 2025

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Land and buildings | 18 years straight line method
Plant and machinery | 20% reducing balance
Office equipment | 20% reducing balance
Motor vehicles | 20% reducing balance

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class | Amortisation method and rate
Goodwill | 10% straight line method

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

SE1UK Limited

Notes to the Unaudited Financial Statements for the Period from 1 July 2024 to 29 June 2025

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

SE1UK Limited

Notes to the Unaudited Financial Statements for the Period from 1 July 2024 to 29 June 2025

Financial instruments

Classification
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like investments, trade and other receivables, cash and bank balances, trade and other creditors.
Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or cash consolidation expected to be paid or received.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the period, was 34 (2024 - 25).

4 | Intangible assets

| Goodwill £ | Total £
Cost or valuation
At 1 July 2024 | 1,350,000 | 1,350,000
At 29 June 2025 | 1,350,000 | 1,350,000
Amortisation
At 1 July 2024 | 405,000 | 405,000
Amortisation charge | 135,000 | 135,000
At 29 June 2025 | 540,000 | 540,000
Carrying amount
At 29 June 2025 | 810,000 | 810,000
At 30 June 2024 | 945,000 | 945,000

SE1UK Limited

Notes to the Unaudited Financial Statements for the Period from 1 July 2024 to 29 June 2025

5 | Tangible assets

| Land and buildings £ | Furniture, fittings and equipment £ | Motor vehicles £ | Other tangible assets £ | Total £
Cost or valuation
At 1 July 2024 | 869,757 | 60,938 | 28,274 | 463,565 | 1,422,534
Additions | - | 5,016 | - | 944 | 5,960
At 29 June 2025 | 869,757 | 65,954 | 28,274 | 464,509 | 1,428,494
Depreciation
At 1 July 2024 | 413,643 | 56,629 | 14,850 | 247,164 | 732,286
Charge for the period | 48,320 | 1,865 | 2,685 | 43,469 | 96,339
At 29 June 2025 | 461,963 | 58,494 | 17,535 | 290,633 | 828,625
Carrying amount
At 29 June 2025 | 407,794 | 7,460 | 10,739 | 173,876 | 599,869
At 30 June 2024 | 456,114 | 4,309 | 13,424 | 216,401 | 690,248

Included within the net book value of land and buildings above is £407,793 (2024 - £456,113) in respect of long leasehold land and buildings.

SE1UK Limited

Notes to the Unaudited Financial Statements for the Period from 1 July 2024 to 29 June 2025

6 | Stocks

| 2025 £ | 2024 £
Finished goods and goods for resale | 10,000 | 5,000

7 | Debtors

Current | 2025 £ | 2024 £
Trade debtors | 8,959 | 67,247
Prepayments | 20,310 | 25,449
Other debtors | 502,508 | 19,370
| 531,777 | 112,066

8 | Creditors

Creditors: amounts falling due within one year

| 2025 £ | 2024 £
Due within one year |  |
Trade creditors | 35,733 | 95,813
Taxation and social security | 478,735 | 320,315
Accruals and deferred income | 12,137 | 15,000
Other creditors | 18,849 | 25,286
| 545,454 | 456,414

SE1UK Limited

Notes to the Unaudited Financial Statements for the Period from 1 July 2024 to 29 June 2025

9 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary shares of £1 each | 1,000 | 1,000 | 1,000 | 1,000

10 | Related party transactions

Transactions with directors

2025 | At 1 July 2024 £ | Advances to director £ | At 29 June 2025 £
Amounts owed to/(from) the directors | 285 | (393,997) | (393,712)

2024 | At 1 July 2023 £ | Advances to director £ | At 30 June 2024 £
Amounts owed to/(from) the directors | 524,588 | (524,303) | 285

Interest was charged on the overdrawn director's loan account at 2.25% until 5 April 2025 and at 3.75% from 6 April 2025 onwards.