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Registered number: 08918166
Seaprop Limited
Financial Statements
For The Year Ended 31 March 2026
THB LLP
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 08918166
2026 2025
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 450,467 406,222
Investment Properties 5 105,000 105,000
555,467 511,222
CURRENT ASSETS
Debtors 6 - 2,771
Cash at bank and in hand 57,634 38,401
57,634 41,172
Creditors: Amounts Falling Due Within One Year 7 (456,247 ) (456,622 )
NET CURRENT ASSETS (LIABILITIES) (398,613 ) (415,450 )
TOTAL ASSETS LESS CURRENT LIABILITIES 156,854 95,772
Creditors: Amounts Falling Due After More Than One Year 8 (50,000 ) (50,000 )
NET ASSETS 106,854 45,772
CAPITAL AND RESERVES
Called up share capital 9 100 100
Revaluation reserve 195,000 150,000
Profit and Loss Account (88,246 ) (104,328 )
SHAREHOLDERS' FUNDS 106,854 45,772
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Page 2
For the year ending 31 March 2026 the company was entitled to exemption from audit 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Ms Amanda Seagroatt
Director
Mr James Seagroatt
Director
29/09/2026
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Seaprop Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08918166 . The registered office is 1&2 Studley Court Mews, Studley Court, Guildford Road, Chobham, GU24 8EB.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold No provide
Plant & Machinery 25% on reducing balance
Fixtures & Fittings 25% on reducing balance
Computer Equipment 25% on reducing balance
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2025: 4)
3 4
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4. Tangible Assets
Land & Property
Freehold Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost or Valuation
As at 1 April 2025 400,000 9,291 14,760 9,551 433,602
Additions - - - 1,067 1,067
Revaluation 45,000 - - - 45,000
As at 31 March 2026 445,000 9,291 14,760 10,618 479,669
Depreciation
As at 1 April 2025 - 6,063 13,614 7,703 27,380
Provided during the period - 806 287 729 1,822
As at 31 March 2026 - 6,869 13,901 8,432 29,202
Net Book Value
As at 31 March 2026 445,000 2,422 859 2,186 450,467
As at 1 April 2025 400,000 3,228 1,146 1,848 406,222
5. Investment Property
2026
£
Fair Value
As at 1 April 2025 and 31 March 2026 105,000
6. Debtors
2026 2025
£ £
Due within one year
Trade debtors - 2,771
7. Creditors: Amounts Falling Due Within One Year
2026 2025
£ £
Other creditors 455,122 455,157
Taxation and social security 1,125 1,465
456,247 456,622
8. Creditors: Amounts Falling Due After More Than One Year
2026 2025
£ £
Other loans 50,000 50,000
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9. Share Capital
2026 2025
Allotted, called up and fully paid £ £
100 Ordinary Shares of £ 1.00 each 100 100
10. Related Party Transactions
At the year end the company owed an amount of £448,948 (2025 : £448,007) to its directors.
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