Seatfir Limited - Accounts to registrar (filleted) - small 18.2
Seatfir Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Seatfir Limited |
| Unaudited Financial Statements |
| for the Period 1 December 2019 to 31 May 2021 |
| Seatfir Limited (Registered number: 01705446) |
| Contents of the Financial Statements |
| for the Period 1 December 2019 to 31 May 2021 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| Seatfir Limited |
| Company Information |
| for the Period 1 December 2019 to 31 May 2021 |
| Directors: |
| Registered office: |
| Registered number: |
| Accountants: |
| 7 Neptune Court |
| Vanguard Way |
| Cardiff |
| CF24 5PJ |
| Seatfir Limited (Registered number: 01705446) |
| Balance Sheet |
| 31 May 2021 |
| 2021 | 2019 |
| Notes | £ | £ |
| Fixed assets |
| Tangible assets | 4 |
| Current assets |
| Debtors | 5 |
| Cash at bank |
| Creditors |
| Amounts falling due within one year | 6 | ( |
) | ( |
) |
| Net current liabilities | ( |
) | ( |
) |
| Total assets less current liabilities |
| Provisions for liabilities | ( |
) | ( |
) |
| Net assets |
| Capital and reserves |
| Called up share capital | 7 |
| Revaluation reserve | 8 |
| Retained earnings | ( |
) | ( |
) |
| Shareholders' funds |
| The directors acknowledge their responsibilities for: |
| (a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
| (b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| Seatfir Limited (Registered number: 01705446) |
| Notes to the Financial Statements |
| for the Period 1 December 2019 to 31 May 2021 |
| 1. | Statutory information |
| Seatfir Limited is a |
| 2. | Accounting policies |
| Basis of preparing the financial statements |
| Turnover |
| Turnover represents the total invoice value, excluding value added tax, of sales made during the year and derives from the provision of goods falling with the company's ordinary activities. |
| Tangible fixed assets |
| Freehold property | - |
| Plant and machinery | - |
| Fixtures and fittings | - |
| Foreign currencies |
| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
| Freehold property |
| The investment property is not subject to depreciation. An annual revaluation is undertaken, to reflect market value at the year end. |
| If freehold property had not been revalued it would be included at the following historic cost £104,291. |
| 3. | Employees and directors |
| The average number of employees during the period was NIL (2019 - NIL). |
| 4. | Tangible fixed assets |
| Fixtures |
| Freehold | Plant and | and |
| property | machinery | fittings | Totals |
| £ | £ | £ | £ |
| Cost or valuation |
| At 1 December 2019 |
| Additions |
| Disposals | ( |
) | ( |
) |
| At 31 May 2021 |
| Depreciation |
| At 1 December 2019 |
| Charge for period |
| Eliminated on disposal | ( |
) | ( |
) |
| At 31 May 2021 |
| Net book value |
| At 31 May 2021 |
| At 30 November 2019 |
| Seatfir Limited (Registered number: 01705446) |
| Notes to the Financial Statements - continued |
| for the Period 1 December 2019 to 31 May 2021 |
| 4. | Tangible fixed assets - continued |
| Cost or valuation at 31 May 2021 is represented by: |
| Fixtures |
| Freehold | Plant and | and |
| property | machinery | fittings | Totals |
| £ | £ | £ | £ |
| Valuation in 2011 | 152,545 | - | - | 152,545 |
| Valuation in 2019 | 434,669 | - | - | 434,669 |
| Cost | 151,917 | 2,069 | 46,261 | 200,247 |
| 739,131 | 2,069 | 46,261 | 787,461 |
| If Freehold property had not been revalued it would have been included at the following historical cost: |
| 2021 | 2019 |
| £ | £ |
| Cost | 151,947 | 151,947 |
| 5. | Debtors: amounts falling due within one year |
| 2021 | 2019 |
| £ | £ |
| Other debtors |
| 6. | Creditors: amounts falling due within one year |
| 2021 | 2019 |
| £ | £ |
| Directors' current accounts | 163,444 | 155,139 |
| Accrued expenses |
| 7. | Called up share capital |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2021 | 2019 |
| value: | £ | £ |
| Ordinary | 1 | 100 | 100 |
| 8. | Reserves |
| Revaluation |
| reserve |
| £ |
| At 1 December 2019 |
| and 31 May 2021 |
| Seatfir Limited (Registered number: 01705446) |
| Notes to the Financial Statements - continued |
| for the Period 1 December 2019 to 31 May 2021 |
| 9. | Directors' advances, credits and guarantees |
| The following advances and credits to directors subsisted during the period ended 31 May 2021 and the year ended 30 November 2019: |
| 2021 | 2019 |
| £ | £ |
| Balance outstanding at start of period |
| Amounts advanced |
| Amounts repaid | ( |
) | ( |
) |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of period |
| 10. | Controlling interest |
| The controlling interest of the company is held equally with 50% of the voting rights held by Mr Peter Makin & Mrs Vera Makin. |