SEAM ENTERPRISES LTD Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 04978012

SEAM ENTERPRISES LTD

Filleted Unaudited Abridged Financial Statements

For the year ended

31 December 2025

SEAM ENTERPRISES LTD

Abridged Financial Statements

Year ended 31 December 2025

Contents	Page

Officers and professional advisers	1

Abridged statement of financial position	2

Notes to the abridged financial statements	4

SEAM ENTERPRISES LTD

Officers and Professional Advisers

The board of directors	Dr. S.M. Ali
	Mrs. E. Ali

Company secretary	Mrs. E. Ali

Registered office	111a George Lane
	London
	E18 1AN

Accountants	OMG CONSULTING LTD
	Chartered Certified Accountants
	111a, George Lane
	London
	E18 1AN

SEAM ENTERPRISES LTD

Abridged Statement of Financial Position

31 December 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	6		990,252	990,315

Current assets

Debtors	7	67,800	55,822
Cash at bank and in hand		2,296	1,207
		--------	--------
		70,096	57,029

Creditors: amounts falling due within one year	8	8,874		6,603
		--------		--------
Net current assets			61,222	50,426
			------------	------------
Total assets less current liabilities			1,051,474	1,040,741

Creditors: amounts falling due after more than one year	9		166,214	166,218

Provisions

Taxation including deferred tax	64,240	64,240
	------------	------------
Net assets	821,020	810,283
	------------	------------

Capital and reserves

Called up share capital	11	1,000	1,000
Revaluation reserve		543,836	543,836
Profit and loss account		276,184	265,447
		---------	---------
Shareholders funds		821,020	810,283
		---------	---------

These abridged financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the abridged statement of income and retained earnings has not been delivered.

For the 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 abridged financial statements for the year in question in accordance with section 476 ;

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

All of the members have consented to the preparation of the abridged statement of income and retained earnings and the abridged statement of financial position for the year ending 31 December 2025 in accordance with Section 444(2A) of the Companies Act 2006.

SEAM ENTERPRISES LTD

Abridged Statement of Financial Position (continued)

31 December 2025

These abridged financial statements were approved by the board of directors and authorised for issue on 20 August 2026 , and are signed on behalf of the board by:

Dr. S.M. Ali

Director

Company registration number: 04978012

SEAM ENTERPRISES LTD

Notes to the Abridged Financial Statements

Year ended 31 December 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 111a George Lane, London, E18 1AN.

2. Statement of compliance

These abridged financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The abridged financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The abridged financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Revenue recognition

The turnover shown in the profit and loss account represents rent receivable during the year.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. 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 is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Fixtures, Fittings & Equipment	-	20% reducing balance

Investment property

Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the abridged statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 1 (2024: 1 ).

5. Tax on profit

Major components of tax expense

	2025	2024
	£	£

Current tax:

UK current tax expense	2,533	2,271
	-------	-------
Tax on profit	2,533	2,271
	-------	-------

Reconciliation of tax expense

The tax assessed on the profit on ordinary activities for the year is the same as (2024: the same as) the standard rate of corporation tax in the UK of 19 % (2024: 19 %).

	2025	2024
	£	£
Profit on ordinary activities before taxation	13,270	11,870
	--------	--------
Profit on ordinary activities by rate of tax	2,533	2,271
	--------	--------

6. Tangible assets

	Land and buildings	Fixtures and fittings	Total
	£	£	£
Cost
At 1 January 2025 and 31 December 2025	990,000	7,835	997,835
	---------	-------	---------
Depreciation
At 1 January 2025	–	7,520	7,520
Charge for the year	–	63	63
	---------	-------	---------
At 31 December 2025	–	7,583	7,583
	---------	-------	---------
Carrying amount
At 31 December 2025	990,000	252	990,252
	---------	-------	---------
At 31 December 2024	990,000	315	990,315
	---------	-------	---------

It is the directors' opinion that the values attributed to the properties owned by the company, reflect their fair values, based on similar properties in the same area.

7. Debtors

	2025	2024
	£	£
Other debtors	67,800	55,822
	--------	--------

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Accruals and deferred income	2,649	2,500
Corporation tax	2,533	2,270
Director loan accounts	1,004	–
Other creditors	2,688	1,833
	-------	-------
	8,874	6,603
	-------	-------

Included in other creditors are amounts owed to the directors : £1,004 (2024:NIL) The above balances are unsecured, interest free and repayable on demand.

9. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	166,214	166,218
	---------	---------

The bank loan is secured on a company property. Included within creditors falling due after more than one year is an amount of £166.214 (2024 - £166,218) in respect of liabilities, which fall due for payment after more than five years from the balance sheet date.

10. Deferred tax

The deferred tax included in the abridged statement of financial position is as follows:

	2025	2024
	£	£
Included in provisions	64,240	64,240
	--------	--------

The deferred tax account consists of the tax effect of timing differences in respect of:

	2025	2024
	£	£
Revaluation of tangible assets	64,240	64,240
	--------	--------

11. Called up share capital

Issued, called up and fully paid

	2025		2024
	No.	£	No.	£
Ordinary shares of £ 1 each	1,000	1,000	1,000	1,000
	-------	-------	-------	-------

12. Controlling party

The company was under the control of the managing director, Dr. S.M.Ali throughout the current and previous year.