ACCOUNTS - Final Accounts preparation

SEACHESTER ONE LIMITED - Company Information

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Registered number: 08817951

Seachester One Limited

Unaudited

Financial statements

Information for filing with the registrar

For the year ended 31 December 2020

Seachester One Limited

Registered number: 08817951

Balance sheet

As at 31 December 2020

	2020	2019
Note	£	£

Fixed assets
Investments	3	1,906,102	1,906,102
		1,906,102	1,906,102

Total assets less current liabilities		1,906,102	1,906,102

Net assets		1,906,102	1,906,102

Capital and reserves
Called up share capital	4	200	200
Profit and loss account		1,905,902	1,905,902
		1,906,102	1,906,102

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

................................................

I D Barnett

Director

Date: 24 February 2021

The notes on pages 3 to 4 form part of these financial statements.

Page 1


		Seachester One Limited

Statement of changes in equity

For the year ended 31 December 2020

	Called up share capital	Profit and loss account	Total equity
	£	£	£
At 1 January 2019	200	1,905,902	1,906,102
Comprehensive income for the year
Profit for the year	-	150,000	150,000
Total comprehensive income for the year	-	150,000	150,000
Dividends: Equity capital	-	(150,000)	(150,000)
Total transactions with owners	-	(150,000)	(150,000)

At 1 January 2020	200	1,905,902	1,906,102
Total comprehensive income for the year	-	-	-
Total transactions with owners	-	-	-
At 31 December 2020	200	1,905,902	1,906,102

The notes on pages 3 to 4 form part of these financial statements.

Page 2

Seachester One Limited

Notes to the financial statements

For the year ended 31 December 2020

1.	General information

The company is a private company limited by share capital incorporated in England, within the United Kingdom. The registered office address is: 2 Chapel Close, Seaford, East Sussex, BN25 2JJ.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The financial statements are presented in sterling and rounded to the nearest £1.

The following principal accounting policies have been applied:

2.2

Exemption from preparing consolidated financial statements

The Company, and the Group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and Group are considered eligible for the exemption to prepare consolidated accounts.

2.3

Going concern

The financial statements have been prepared on a going concern basis as the directors have a reasonable expectation that the company will continue in operational existence for the forseeable future.

2.4

Revenue

Revenue comprises of dividend income.

2.5

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

2.6

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

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Seachester One Limited

Notes to the financial statements

For the year ended 31 December 2020

3.	Fixed asset investments

		Investments in subsidiary companies
		£
	Cost or valuation
	At 1 January 2020	1,906,102
	At 31 December 2020	1,906,102

Subsidiary undertaking
The following was a subsidiary undertaking of the Company:
Name	Registered office	Principal activity	Class of shares	Holding

Seachester Limited

Great Britain

Property investment

Ordinary

100%

	The aggregate of the share capital and reserves as at 31 December 2020 and the profit or loss for the year ended on that date for the subsidiary undertaking were as follows:
	Name	Aggregate of share capital and reserves £	Profit/(loss) £

Seachester Limited

2,201,800

(14,545)

4.	Share capital
		2020	2019
		£	£

Allotted, called up and fully paid

200 (2019 - 200) Ordinary shares of £1.00 each	200	200

5.	Dividends
	During the year the company did not pay a dividend (2019: £150,000).

6.	Controlling party

The Company is controlled by the directors, P L Bowler and I D Barnett.

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