Seacroft Approach Limited - Accounts to registrar (filleted) - small 18.2

Seacroft Approach Limited - Accounts to registrar (filleted) - small 18.2

SEACROFT APPROACH LIMITED - Company Information

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REGISTERED NUMBER: 10942787 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2020

for

Seacroft Approach Limited
Seacroft Approach Limited (Registered number: 10942787)






Contents of the Financial Statements
for the Year Ended 30 September 2020




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Seacroft Approach Limited

Company Information
for the Year Ended 30 September 2020







DIRECTORS: M A Joyce
P A Walker





REGISTERED OFFICE: 3 Park Square
Leeds
LS1 2NE





REGISTERED NUMBER: 10942787 (England and Wales)





ACCOUNTANTS: Charles Stewart & Co Limited
Chartered Accountants
3 Park Square
Leeds
LS1 2NE
Page 1
Seacroft Approach Limited (Registered number: 10942787)

Balance Sheet
30 September 2020

2020 2019
Notes £    £    £    £   
FIXED ASSETS
Investments 4 10 10

CURRENT ASSETS
Stocks 1,041,218 1,576,243
Debtors 5 73,538 2,077,509
Cash at bank 807,835 126,005
1,922,591 3,779,757
CREDITORS
Amounts falling due within one year 6 1,919,808 3,776,974
NET CURRENT ASSETS 2,783 2,783
TOTAL ASSETS LESS CURRENT
LIABILITIES
2,793
2,793

CAPITAL AND RESERVES
Called up share capital 7 2 2
Retained earnings 8 2,791 2,791
SHAREHOLDERS' FUNDS 2,793 2,793

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2020 in accordance with Section 476 of the Companies Act 2006.

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.

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

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 29 June 2021 and were signed on its behalf by:





M A Joyce - Director


The notes form part of these financial statements

Page 2
Seacroft Approach Limited (Registered number: 10942787)

Notes to the Financial Statements
for the Year Ended 30 September 2020

1. STATUTORY INFORMATION

Seacroft Approach Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investments in associates
Investments in associate undertakings are recognised at cost.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2019 - NIL).

Page 3 continued...
Seacroft Approach Limited (Registered number: 10942787)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2020

4. FIXED ASSET INVESTMENTS
Interest
in
associate
£   
COST
At 1 October 2019
and 30 September 2020 10
NET BOOK VALUE
At 30 September 2020 10
At 30 September 2019 10

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£    £   
Trade debtors 18,400 -
Amount owed from associated undertaking 13,311 2,068,712
VAT 38,518 6,370
Prepayments 3,309 2,427
73,538 2,077,509

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£    £   
Trade creditors 328 65,898
Amounts owed to related undertakings 1,294,192 1,854,288
Directors' current accounts 604,288 1,854,288
Accrued expenses 21,000 2,500
1,919,808 3,776,974

7. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2020 2019
value: £    £   
2 Ordinary £1 2 2

8. RESERVES
Retained
earnings
£   

At 1 October 2019 2,791
Profit for the year -
At 30 September 2020 2,791

Page 4 continued...
Seacroft Approach Limited (Registered number: 10942787)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2020

9. RELATED PARTY DISCLOSURES

At 30 September 2020 the company owed an amount of £604,288 (2019: £1,854,288) to JGWCO 178 Limited, a company of which M A Joyce is also a director.

During the year the company paid management charges of £287,460 (2019: £Nil) to Ratefield Limited and £287,460 (2019: £Nil) to PAW Property Management Limited.
Both Ratefield Limited and PAW Property Management Limited are related parties via common control.

At 30 September 2020 the company owed an amount of £344,952 (2019: Nil) to Ratefield Limited and an amount of £344,952 (2019: £Nil) to PAW Property Management Limited.

10. ULTIMATE CONTROLLING PARTY

The company is under the ultimate control of its directors.

Page 5