Registration number: 15420931

Seamill Capital Ltd

Contents

Balance Sheet	1 to 2
Notes to the Unaudited Financial Statements	3 to 6

Seamill Capital Ltd

(Registration number: 15420931)
Balance Sheet as at 31 December 2025

	Note	2025 £	2024 £
Fixed assets
Investment property	4	1,325,567	-
Current assets
Debtors	5	18,228	5,073
Cash at bank and in hand		3,297	2,507
		21,525	7,580
Creditors: Amounts falling due within one year	6	(140,704)	(8,260)
Net current liabilities		(119,179)	(680)
Total assets less current liabilities		1,206,388	(680)
Creditors: Amounts falling due after more than one year	6	(746,525)	-
Net assets/(liabilities)		459,863	(680)
Capital and reserves
Called up share capital		451,350	100
Retained earnings		8,513	(780)
Shareholders' funds/(deficit)		459,863	(680)

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 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 6 July 2026 and signed on its behalf by:
 

Seamill Capital Ltd

(Registration number: 15420931)
Balance Sheet as at 31 December 2025

......................................... Mr T Thorns Director

......................................... Mr B Thorns Director

Seamill Capital Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 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:
Suite 33 Peel House
30 The Downs
Altricham
WA14 2PX
UK

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 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.

Tax

The tax expense for the period comprises current and deferred 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 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.

Seamill Capital Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate
determined annually by external valuers. The valuers 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.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 2).

4	Investment properties

	2025 £
Additions	1,325,567
At 31 December	1,325,567

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

5

Debtors

Current	Note	2025 £	2024 £
Amounts owed by related parties		18,228	-
Other debtors		-	5,073
		18,228	5,073

Seamill Capital Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

6

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	7	98,930	-
Amounts owed to group undertakings		35,734	-
Taxation and social security		2,180	-
Other creditors		3,860	8,260
		140,704	8,260

Current loans and borrowings

	2025 £	2024 £
Other borrowings	98,930	-

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	7	746,525	-

7	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Other borrowings	746,525	-

Current loans and borrowings

	2025 £	2024 £
Other borrowings	98,930	-

Seamill Capital Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

Included within loans and borrowings is £230,592 (2024: £Nil) in relation to a mortgage which is secured by a fixed charge dated 24 February 2025 over the investment property 58 Ashford Road, Manchester, M20 3EH.

Included within loans and borrowings is £230,592 (2024: £Nil) in relation to a mortgage which is secured by a fixed charge dated 24 February 2025 over the investment property 97 Old Moat Lane, Manchester, M20 3EJ.

Included within loans and borrowings is £344,323 (2024: £Nil) in relation to a mortgage which is secured by a fixed charge dated 24 February 2025 over the investment property 39 Talbot Road, Manchester, M14 6TA.