REGISTERED NUMBER: 08730195 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025

FOR

SEASIDE CAPITAL LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D J Crown

A Nelson

REGISTERED OFFICE:

15 West Street

Brighton

East Sussex

BN1 2RL

REGISTERED NUMBER:

08730195 (England and Wales)

ACCOUNTANTS:

Galloways Accounting (Hove) Limited

15 West Street

Brighton

East Sussex

BN1 2RL

FIXED ASSETS

Tangible assets

4

4,356

2,914

Investments

5

2,825

2,825

Investment property

6

2,610,000

2,469,385

2,617,181

2,475,124

CURRENT ASSETS

Debtors

7

86,405

91,398

Cash at bank

14,880

87,459

101,285

178,857

CREDITORS

Amounts falling due within one year

8

233,001

413,760

NET CURRENT LIABILITIES

(131,716

)

(234,903

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,485,465

2,240,221

CREDITORS

Amounts falling due after more than one year

9

(1,328,450

)

(1,509,450

)

PROVISIONS FOR LIABILITIES

(70,984

)

-

NET ASSETS

1,086,031

730,771

CAPITAL AND RESERVES

Called up share capital

2

2

Revaluation reserve

10

303,664

-

Retained earnings

782,365

730,769

SHAREHOLDERS' FUNDS

1,086,031

730,771

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 28 May 2026 and were signed on its behalf by:

D J Crown - Director

A Nelson - Director

1.	STATUTORY INFORMATION

Seaside Capital 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.

These financial statements have been prepared on the basis that the company will continue to be a going concern. If this assumption is not considered valid, then adjustments would need to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that might arise and to reclassify fixed assets and long term liabilities as current assets and liabilities.

Turnover

Turnover represents the following types of income

- Rental income

- Income from the sale of properties

All income is recognised on a receivable basis.

Tangible fixed assets

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

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

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 recognised in profit or loss.

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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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

The average number of employees during the year was NIL (2024 - NIL).

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 October 2024

16,995

11,091

28,086

Additions

-

3,198

3,198

Disposals

-

(4,045

)

(4,045

)

At 30 September 2025

16,995

10,244

27,239

DEPRECIATION

At 1 October 2024

15,705

9,467

25,172

Charge for year

332

1,424

1,756

Eliminated on disposal

-

(4,045

)

(4,045

)

At 30 September 2025

16,037

6,846

22,883

NET BOOK VALUE

At 30 September 2025

958

3,398

4,356

At 30 September 2024

1,290

1,624

2,914

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 October 2024

and 30 September 2025

2,825

NET BOOK VALUE

At 30 September 2025

2,825

At 30 September 2024

2,825

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 October 2024

2,469,385

Additions

7,350

Disposals

(146,434

)

Revaluations

279,699

At 30 September 2025

2,610,000

NET BOOK VALUE

At 30 September 2025

2,610,000

At 30 September 2024

2,469,385

Fair value at 30 September 2025 is represented by:

£

Valuation in 2025

279,699

Cost

2,330,301

2,610,000

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

4,250

5,805

Amounts owed by group undertakings

6,855

7,674

Other debtors

75,000

75,000

Prepayments

300

2,919

86,405

91,398

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

9,466

8,527

Amounts owed to associates

5,933

-

Tax

45,640

24,749

Other creditors

-

4,050

Directors' loan accounts

165,269

370,645

Accrued expenses

6,693

5,789

233,001

413,760

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 2-5 years

1,328,450

1,509,450

10.

RESERVES

Revaluation

reserve

£

Revaluation reserve

303,664

At 30 September 2025

303,664

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year D J Crown decreased his loan to the company. As at 30 September 2025, the company owed him £85,059 (2024: £186,432). This balance represented the maximum amount outstanding during the year and the loan is interest free and repayable on demand.

During the year A Nelson decreased his loan to the company. As at 30 September 2025, the company owed him £80,210 (2024: £184,213). This balance represented the maximum amount outstanding during the year and the loan is interest free and repayable on demand.

12.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is D J Crown and A Nelson.

This was by virtue of their 100% holding of the issued share capital.

13.	ACCOUNTING BASIS

As stated in the accounting policy note, these financial statements have been prepared on the basis that the company will continue to be a going concern. As at the period end the current liabilities exceeded current assets by £131,716.

The validity of this basis depends upon the continued support of the company's directors. The directors confirm that they will give the required support.