SEABLE LIMITED


Director	LA ROCCA, Damiano


Registered Address	Seable, Canopi, 82 Tanner Street
	London
	SE1 3GN


Registered Number	08295693 (England and Wales)

Statement of Financial Position
30 November 2025

	Notes	2025		2024
		£	£	£	£
Current assets
Debtors		60,891		4,093
Cash at bank and on hand		190,325		178,758
		251,216		182,851
Creditors amounts falling due within one year	4	(201,650)		(133,700)
Net current assets (liabilities)			49,566		49,151
Total assets less current liabilities			49,566		49,151
Creditors amounts falling due after one year	5		(33,326)		(42,585)
Net assets			16,240		6,566
Capital and reserves
Profit and loss account			16,240		6,566
Reserves			16,240		6,566

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 28 July 2026, and are signed on its behalf by:

LA ROCCA, Damiano
Director
Registered Company No. 08295693

SEABLE LIMITED

Notes to the Financial Statements
for the year ended 30 November 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by guarantee and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page. The directors, D LA ROCCA, M A SYMCOX and C T MCILRATH served throughout the year.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Going concern
	The directors have assessed whether the going concern basis of preparation continues to be appropriate, based on whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the company to continue as a going concern. At the time of approving the financial statements the directors believe that all appropriate measures have been or will be taken to ensure that the company will be able to continue its operations for at least the next 12 months and thus conclude that the going concern basis remains appropriate. The Managing director, Damiano La Rocca, will continue to support the business financially over the next 12 months.

Going concern

The directors have assessed whether the going concern basis of preparation continues to be appropriate, based on whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the company to continue as a going concern.  At the time of approving the financial statements the directors believe that all appropriate measures have been or will be taken to ensure that the company will be able to continue its operations for at least the next 12 months and thus conclude that the going concern basis remains appropriate.   The Managing director, Damiano La Rocca, will continue to support the business financially over the next 12 months.

	Revenue from sale of goods
	Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Revenue from sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Employee benefits
	Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

Employee benefits

Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Current taxation
	Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

2.	Average number of employees


		2025		2024
	Average number of employees during the year	3		3

3.	Deferred tax
	Increases in the UK Corporation tax rate from 19% to 25% (19% effective from 1 April 2017, and 25% effective from 1 April 2023) have been substantively enacted. This will impact the company's future tax charge accordingly. The value of the deferred tax assets at the balance sheet date has been calculated using the applicable rate when the asset is expected to be realised.

4.	Creditors: amounts due within one year

	2025	2024
	£	£
Bank borrowings and overdrafts	18,144	19,038
Taxation and social security	7,023	2,073
Other creditors	306	262
Accrued liabilities and deferred income	176,177	112,327
Total	201,650	133,700


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

5.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	5,411	7,948
Other creditors	27,915	34,637
Total	33,326	42,585


	The Director, Damiano La Rocca has loaned the company £13,502 (2024 £13,502). The amount is included within "Other Creditors". No interest is payable under this arrangement. The company received a £24,000 bounce back loan. The remaining balance is allocated as follows: - £5,411 (2024 £7,948) included within "Bank borrowings and overdrafts" plus the balance of - £4,960 (2024 £5,602) included in "Bank borrowings and overdrafts" under Creditors due within one year. The company opted to pay interest only between 6 July and 6 Dec 2025. Interest is charged at 2.5 per cent. The bounce back loan will be repaid by 6th Nov 2027. The company received a £50,000 loan from the Postcode Innovation Trust of which £9,961 (2024 £12,840) is included in "Other creditors" due within one year. The balance of £14,412 (2024 £21,134) is included in "Other creditors" due after more than one year, and will be fully repaid by June 2027. Capital repayments were deferred for six months during the period.

The Director, Damiano La Rocca has loaned the company £13,502 (2024 £13,502).  The amount is included within "Other Creditors".  No interest is payable under this arrangement.  

The company received a £24,000 bounce back loan.  The remaining balance is allocated as follows:
-  £5,411 (2024 £7,948) included within "Bank borrowings and overdrafts" plus the balance of
 - £4,960 (2024 £5,602) included in "Bank borrowings and overdrafts" under Creditors due within one year.  
The company opted to pay interest only between 6 July and 6 Dec 2025.  Interest is charged at 2.5 per cent.  The bounce back loan will be repaid by 6th Nov 2027.   

The company received a £50,000 loan from the Postcode Innovation Trust of which £9,961 (2024 £12,840) is included in "Other creditors" due within one year.  The balance of £14,412 (2024 £21,134) is included in "Other creditors" due after more than one year, and will be fully repaid by June 2027. Capital repayments were deferred for six months during the period.

6.	Pension commitments
	The company operates a defined contribution pension scheme for the directors and senior employees. The assets of the scheme are held separately from those of the company in an independently administered fund. Pension contributions of £305 (2024, £261) were due to the scheme at the balance sheet date.

7.	Related party transactions
	The company was under the control of Mr Damiano La Rocca throughout the current and previous years. Mr La Rocca is the Managing Director. The company is guaranteed by Mr La Rocca. In the year Mr La Rocca's partner received £20,253 (2024 £15,785) for office administration services provided to the company. In the year Mr La Rocca's father received £4,916 (2024 £3,379) for car hire services provided to the company.

Related party transactions

The company was under the control of Mr Damiano La Rocca throughout the current and previous years.  Mr La Rocca is the Managing Director.  The company is guaranteed by Mr La Rocca.  

In the year Mr La Rocca's partner received £20,253 (2024 £15,785) for office administration services provided to the company.  

In the year Mr La Rocca's father received £4,916 (2024 £3,379) for car hire services provided to the company.