Company registration number 15895271 (England and Wales)
SELIG PROPERTIES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
PAGES FOR FILING WITH REGISTRAR
SELIG PROPERTIES LIMITED
CONTENTS
Page
Statement of financial position
1
Statement of changes in equity
2
Notes to the financial statements
3 - 6
SELIG PROPERTIES LIMITED
STATEMENT OF FINANCIAL POSITION
AS AT
31 MARCH 2026
31 March 2026
- 1 -
2026
2025
as restated
Notes
£
£
£
£
Fixed assets
Investment property
3
1,250,000
1,250,000
Investments
4
344
344
1,250,344
1,250,344
Current assets
Debtors
5
1,888
14,260
Creditors: amounts falling due within one year
6
(1,400)
(200)
Net current assets
488
14,060
Net assets
1,250,832
1,264,404
Capital and reserves
Called up share capital
344
344
Profit and loss reserves
1,250,488
1,264,060
Total equity
1,250,832
1,264,404

For the financial year ended 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 22 July 2026 and are signed on its behalf by:
Mr D Plaskow
Mrs S Baker
Director
Director
Company registration number 15895271 (England and Wales)
SELIG PROPERTIES LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2026
- 2 -
Share capital
Profit and loss reserves
Total
Notes
£
£
£
As restated for the period ended 31 March 2025:
Balance at 13 August 2024
-
0
-
0
-
Year ended 31 March 2025:
Profit and total comprehensive income
-
1,374,060
1,374,060
Issue of share capital
344
-
344
Dividends
-
(110,000)
(110,000)
Balance at 31 March 2025
344
1,264,060
1,264,404
Year ended 31 March 2026:
Profit and total comprehensive income
-
106,428
106,428
Dividends
-
(120,000)
(120,000)
Balance at 31 March 2026
344
1,250,488
1,250,832
SELIG PROPERTIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
- 3 -
1
Accounting policies
Company information

Selig Properties Limited is a private company limited by shares incorporated in England and Wales. The registered office is 7 - 8 Britannia Business Park, Comet Way, Southend-On-Sea, Essex, United Kingdom, SS2 6GE.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

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 and other sales related taxes.

1.3
Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value a t the reporting end date. Changes in fair value are recognised in profit or loss.

1.4
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.

Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.

1.5
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

SELIG PROPERTIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
1
Accounting policies
(Continued)
- 4 -
1.6
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.7
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2026
2025
Number
Number
Total
2
2
SELIG PROPERTIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
- 5 -
3
Investment property
2026
£
Fair value
At 1 April 2025 and 31 March 2026
1,250,000

Investment property comprises 4 properties transferred at fair value from subsidiary companies via a dividend in specie recognised in October 2024.

The fair value of the investment property has been arrived at on the basis of a directors valuation. The valuation made made on an open market value basis by reference to market evidence of transaction prices for similar properties.

4
Fixed asset investments
2026
2025
£
£
Shares in group undertakings and participating interests
344
344
5
Debtors
2026
2025
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
1,888
14,260
6
Creditors: amounts falling due within one year
2026
2025
£
£
Other creditors
1,400
200
7
Prior period adjustment
SELIG PROPERTIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
7
Prior period adjustment
(Continued)
- 6 -
Reconciliation of changes in equity
13 August
31 March
2024
2025
£
£
Adjustments to prior year
Transfer of properties from subsidiary companies
-
1,250,000
Transfer of income and expenditure in relation to transferred properties
-
16,360
Total adjustments
-
1,266,360
Equity as previously reported
-
(1,956)
Equity as adjusted
-
1,264,404
Analysis of the effect upon equity
Profit and loss reserves
-
1,266,360
Reconciliation of changes in profit for the previous financial period
2025
£
Adjustments to prior year
Transfer of properties from subsidiary companies
1,250,000
Transfer of income and expenditure in relation to transferred properties
16,360
Total adjustments
1,266,360
Profit as previously reported
107,700
Profit as adjusted
1,374,060
Notes to reconciliation

A prior year adjustment of £1,250,000 has been posted to recognise the impact of a transfer of four investment properties in October 2024 from subsidiary companies that was not initially reflected in the filed accounts for the year ended 31st March 2025.

Income and expenditure with a net balance of £16,360 has been transferred from the subsidiary companies, being rental income and associated costs of the properties transferred into the company in 2025.

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