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Registration number: 00758313

Sea-Charter Properties Limited
Unaudited Filleted Financial Statements
for the Year Ended 30 September 2025

Sea-Charter Properties Limited

Contents

Company Information | 1
Balance Sheet | 2 to 3
Notes to the Unaudited Financial Statements | 4 to 8

Sea-Charter Properties Limited

Company Information

Directors | Mr GM Sheppard Mrs SE Sheppard Mr TG Sheppard Ms JJ Sheppard Ms NS Sheppard

Registered office | 1 Blatchington Road Hove East Sussex United Kingdom BN3 3YP

Accountants | Durston Gibb Chartered Accountants1 Blatchington Road Hove East Sussex BN3 3YP

Sea-Charter Properties Limited

(Registration number: 00758313)
Balance Sheet as at 30 September 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Investment property | 5 | 416,000 | 416,000
Current assets |  |  |
Debtors | 6 | 52,549 | 52,000
Cash at bank and in hand |  | 95,548 | 73,574
|  | 148,097 | 125,574
Creditors: Amounts falling due within one year | 7 | (43,725) | (40,467)
Net current assets |  | 104,372 | 85,107
Total assets less current liabilities |  | 520,372 | 501,107
Provisions for liabilities |  | (101,467) | (101,467)
Net assets |  | 418,905 | 399,640
Capital and reserves |  |  |
Called up share capital | 8 | 9 | 9
Retained earnings |  | 418,896 | 399,631
Shareholders' funds |  | 418,905 | 399,640

For the financial year ending 30 September 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 year 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 24 April 2026 and signed on its behalf by:

Sea-Charter Properties Limited

(Registration number: 00758313)
Balance Sheet as at 30 September 2025

......................................... Mr GM Sheppard Director

Sea-Charter Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025

1 | General information

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

The address of its registered office is:
1 Blatchington Road
Hove
East Sussex
BN3 3YP
United Kingdom

These financial statements were authorised for issue by the Board on 24 April 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.

Revenue recognition

Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT.
Revenue from contracts for the provision of rental services is recognised by reference to the period to which the rent relates.

Tax

The tax expense for the period comprises current tax which is recognised in profit or loss.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date.

Sea-Charter Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025

Deferred tax liabilities are generally recognised for all timing differences. Such liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other liabilities in a transaction that affects neither the tax profit nor the accounting profit.
Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity.

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 less their residual values over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Furniture, fittings and equipment | 25% reducing balance

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by the Directors. The Directors use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits.

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. 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.

Sea-Charter Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025

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.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 5 (2024 - 5).

4 | Tangible assets

| Furniture, fittings and equipment £ | Total £
Cost or valuation
At 1 October 2024 | 1,325 | 1,325
At 30 September 2025 | 1,325 | 1,325
Depreciation
At 1 October 2024 | 1,325 | 1,325
At 30 September 2025 | 1,325 | 1,325
Carrying amount
At 30 September 2025 | - | -

5 | Investment properties

| 2025 £
At 1 October | 416,000
At 30 September | 416,000

Investment property comprises freehold and long leasehold land and buildings. The fair value of the investment property has been arrived at on the basis of a valuation carried out at 30 September 2025 by the Directors. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.

There has been no valuation of investment property by an independent valuer.

Sea-Charter Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025

6 | Debtors

Current | 2025 £ | 2024 £
Other debtors | 52,549 | 52,000
| 52,549 | 52,000

7 | Creditors

Creditors: amounts falling due within one year

| 2025 £ | 2024 £
Due within one year |  |
Taxation and social security | 6,635 | 2,392
Accruals and deferred income | 2,709 | 2,665
Other creditors | 34,381 | 35,410
| 43,725 | 40,467

8 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary share of £1 each | 9 | 9 | 9 | 9

Sea-Charter Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025

9 | Dividends

|  | 2025 |  | 2024
|  | £ |  | £
Interim dividend of £1,000.00 (2024 - £1,000.00) per ordinary share |  | 9,000 |  | 9,000