REGISTERED NUMBER: 13946858 (England and Wales)

Seeder Bridging Loans Limited

Unaudited Financial Statements for the Year Ended 31 December 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Directors:

H J Phillips

A M Wilkins

R Hopkins

J R Phillips

Registered office:

93 Commercial St

Tredegar

Gwent

NP22 3DN

Registered number:

13946858 (England and Wales)

Accountants:

Menzies LLP, Statutory Auditors

5th Floor Hodge House

114-116 St Mary Street

Cardiff

CF10 1DY

Current assets

Debtors

4

2,307,081

495

Cash at bank

7,058

958

2,314,139

1,453

Creditors

Amounts falling due within one year

5

(2,250,243

)

(15,580

)

Net current assets/(liabilities)

63,896

(14,127

)

Total assets less current liabilities

63,896

(14,127

)

Creditors

Amounts falling due after more than one year

6

(10,158

)

-

Net assets/(liabilities)

53,738

(14,127

)

Capital and reserves

Called up share capital

8

400

400

Retained earnings

53,338

(14,527

)

Shareholders' funds

53,738

(14,127

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 24 April 2026 and were signed on its behalf by:

H J Phillips - Director

1.	Statutory information

Seeder Bridging Loans 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.

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.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Going concern

As at 31 December 2025, the company had net current assets of £63,896 (2025: £15,580 net current liabilities) and reported a profit before tax for the year end of £90,486 (2025: £2,560 loss). The directors have prepared the financial statements on a going concern basis which they consider to be appropriate for the following reasons.

The company's profit for the financial period and its turning into a net asset position was driven by its commencement of offering its product to the market, with the company's first deal going live in May 2025. The loan book grew steadily throughout the financial period and has continued growing through to the date of this report.

The building of its loan book has required significant cash resources, which the company has relied upon its parent company and a Block Bridging Facility with Aldermore, to support. The parent company has indicated their ongoing intention to continue making funds available for at least 12 months from the date of approval of these financial statements, and the Block Bridging Facility renews on an annual basis. As with any company placing reliance on its other entities for its financial support, the directors acknowledge that there can be no certainty that this support will continue, although at the date of approval of these financial statements, they have no reason to believe that they will not do so.

3.	Employees and directors

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

4.

Debtors: amounts falling due within one year

2025

2024

£

£

Trade debtors

2,306,162

-

Prepayments

919

495

2,307,081

495

5.

Creditors: amounts falling due within one year

2025

2024

£

£

Bank loans and overdrafts

392,882

-

Amounts owed to group undertakings

1,833,779

-

Tax

22,622

-

Directors' current accounts

-

14,600

Accrued expenses

960

980

2,250,243

15,580

6.

Creditors: amounts falling due after more than one year

2025

2024

£

£

Bank loans - 1-2 years

10,158

-

7.	Secured debts

The bank account has the following guarantees attached to it;

A charge containing fixed and floating charges has been applied on 08/07/2025 by Aldermore Bank PLC over Asset Finance Agreement and Bridging Agreements.

8.	Called up share capital

Allotted, issued and fully paid:

31.12.25

31.12.24

Number:

Class:

Nominal value:

£

£

400

Ordinary

£1

400

400

400

400

9.	Directors' advances, credits and guarantees

The following advances and credits to a director subsisted during the year ended 31 December 2025 and the period ended 31 December 2024:

2025

2024

£

£

J R Phillips

Balance outstanding at start of year

14,600

-

Amounts advanced

-

14,600

Amounts repaid

(14,600

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

14,600

10.	Ultimate controlling party

The controlling party is Phillips Family Investments Limited.

The ultimate controlling party is The J R Phillips Family Settlement.