Seymour Developments Ltd

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 9

Seymour Developments Ltd

Company Information

Directors

S D Green C J Elliott L M Green K S Elliott

Registered Office

South Common Farm Netherton Wood Lane Nailsea Bristol BS48 4DG

Registered Number

13201088

Accountants

Verinder Powell Associates Limited Suite 5 Corum 2 Corum Office Park Crown Way Warmley Bristol BS30 8FJ

Seymour Developments Ltd

(Registration number: 13201088)
Balance Sheet as at 31 March 2026

	Note	2026 £	2025 £
Fixed assets
Tangible assets	4	7,052	9,403
Current assets
Debtors	5	6,455	155,191
Cash at bank and in hand		385	6,524
		6,840	161,715
Creditors: Amounts falling due within one year	6	(11,067)	(41,724)
Net current (liabilities)/assets		(4,227)	119,991
Total assets less current liabilities		2,825	129,394
Provisions for liabilities		(1,763)	(2,351)
Net assets		1,062	127,043
Capital and reserves
Called up share capital		8	8
Retained earnings		1,054	127,035
Shareholders' funds		1,062	127,043

Seymour Developments Ltd

(Registration number: 13201088)
Balance Sheet as at 31 March 2026

For the financial 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.

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 20 October 2026 and signed on its behalf by:
 

......................................... C J Elliott Director

Seymour Developments Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

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:
South Common Farm
Netherton Wood Lane
Nailsea
Bristol
BS48 4DG

These financial statements were authorised for issue by the Board on 20 October 2026.

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). There have been no material departures from the Financial Reporting Standard 102 1A.

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. The financial statements are prepared in Pounds Sterling (£), and are rounded to the nearest pound.

Going concern

The directors are satisfied that the company has adequate resources to continue to operate for the foreseeable future. They have therefore prepared the financial statements on a going concern basis.

Turnover

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.

Seymour Developments Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

Tax

The tax expense for the period comprises current and deferred tax. 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.

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.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:

Asset class	Depreciation method and rate
Plant and machinery	- 25% on reducing balance
Motor vehicles	- 25% on reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Seymour Developments Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Hire purchase and leasing commitments

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee. Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired by finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired by hire purchase are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the Company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to profit or loss so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2025 - 4).

Seymour Developments Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

4	Tangible assets

	Plant and machinery £	Motor vehicles  £	Total £
Cost or valuation
At 1 April 2025	532	20,000	20,532
At 31 March 2026	532	20,000	20,532
Depreciation
At 1 April 2025	269	10,860	11,129
Charge for the year	66	2,285	2,351
At 31 March 2026	335	13,145	13,480
Carrying amount
At 31 March 2026	197	6,855	7,052
At 31 March 2025	263	9,140	9,403

5

Debtors

	Note	2026 £	2025 £
Trade debtors		-	960
Amounts owed by related parties	8	-	154,076
Prepayments		158	151
Other debtors		6,297	4
		6,455	155,191

Seymour Developments Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

6

Creditors

Due within one year	Note	2026 £	2025 £
Trade creditors		-	544
Amounts owed to related parties	8	8,667	-
Taxation and social security		-	38,767
Accruals and deferred income		2,400	2,413
		11,067	41,724

 

7	Financial commitments, guarantees and contingencies

Off balance sheet commitments

At 31 March 2026, the company had total commitments under non-cancellable operating leases over the remaining life of those leases of £17,912 (2025 - £23,370).

Seymour Developments Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

8	Related party transactions

Loans to related parties

2026	Key management £	Total £
At start of period	154,076	154,076
Repaid	(154,076)	(154,076)
At end of period	-	-

2025	Key management £	Total £
Advanced	154,076	154,076
At end of period	154,076	154,076

Terms of loans to related parties

The loans to key management are repayable on demand and interest is charged on loan balances owing to the company that exceed £10,000. Interest is charged at the HMRC prevailing rate.
 

Loans from related parties

2026	Key management £	Total £
Advanced	21,297	21,297
Repaid	(12,630)	(12,630)
At end of period	8,667	8,667

2025	Key management £	Other related parties £	Total £
At start of period	848,954	88,000	936,954
Advanced	34,478	-	34,478
Repaid	(883,432)	(88,000)	(971,432)
At end of period	-	-	-

Terms of loans from related parties

The loans from key management are interest free and repayable on demand.
 
The loans from other related parties are interest free and repayable on demand.