Seavine Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 03089124 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2017

FOR

SEAVINE LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

M La Frenais

I Kitchen

N Morgan

R Guy

SECRETARY:

M La Frenais

REGISTERED OFFICE:

Langham House 302-308

Regent Street

London

W1B 3AT

REGISTERED NUMBER:

03089124 (England and Wales)

ACCOUNTANTS:

Barber & Company

2 Jardine House

Harrovian Business Village

Bessborough Road

Harrow

Middlesex

HA1 3EX

FIXED ASSETS

Investment property

3

940,000

780,000

CURRENT ASSETS

Debtors

4

1,867

1,866

Cash at bank and in hand

37,794

31,953

39,661

33,819

CREDITORS

Amounts falling due within one year

5

21,304

20,925

NET CURRENT ASSETS

18,357

12,894

TOTAL ASSETS LESS CURRENT
LIABILITIES

958,357

792,894

CREDITORS

Amounts falling due after more than one
year

6

(222,501

)

(231,512

)

PROVISIONS FOR LIABILITIES

(42,868

)

(12,468

)

NET ASSETS

692,988

548,914

CAPITAL AND RESERVES

Called up share capital

7

4

Retained earnings

692,984

548,910

SHAREHOLDERS' FUNDS

692,988

548,914

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2017 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 20 December 2017 and were signed on its behalf
by:

I Kitchen - Director

1.	STATUTORY INFORMATION

Seavine 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

Turnover represents net rents receivable under operating leases,excluding value added tax.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in

fair value is recognised in profit or loss.

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 statement of financial position date.

Deferred tax

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

statement of financial position 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.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 September 2016

780,000

Revaluations

160,000

At 31 August 2017

940,000

NET BOOK VALUE

At 31 August 2017

940,000

At 31 August 2016

780,000

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.17

31.8.16

£

Other debtors

700

699

Prepayments and accrued income

1,167

1,867

1,866

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.17

31.8.16

£

Bank loans and overdrafts

7,857

8,242

Corporation tax

8,406

7,563

Social security and other taxes

1,241

1,320

Accrued expenses

3,800

21,304

20,925

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.8.17

31.8.16

£

Bank loans - 1-2 years

7,857

8,242

Bank loans - 2-5 years

23,570

24,726

Bank loans - more than 5 years

191,074

198,544

222,501

231,512

Amounts falling due in more than five years:

Repayable by instalments

Bank loans - more than 5 years

191,074

198,544

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.17

31.8.16

value:

£

4

Ordinary

£1

4

Seavine Limited - Accounts to registrar (filleted) - small 17.3

Seavine Limited - Accounts to registrar (filleted) - small 17.3