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FINANCIAL STATEMENTS |
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FOR THE PERIOD 1 DECEMBER 2019 TO 31 DECEMBER 2020 |
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SEEBECK MEMORIAL LIMITED |
REGISTERED NUMBER:
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FINANCIAL STATEMENTS |
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FOR THE PERIOD 1 DECEMBER 2019 TO 31 DECEMBER 2020 |
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FOR |
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SEEBECK MEMORIAL LIMITED |
SEEBECK MEMORIAL LIMITED (REGISTERED NUMBER: 11068654) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 1 DECEMBER 2019 TO 31 DECEMBER 2020 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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SEEBECK MEMORIAL LIMITED |
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COMPANY INFORMATION |
FOR THE PERIOD 1 DECEMBER 2019 TO 31 DECEMBER 2020 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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AUDITORS: |
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250 Wharfedale Road |
Winnersh Triangle |
Berkshire |
RG41 5TP |
SEEBECK MEMORIAL LIMITED (REGISTERED NUMBER: 11068654) |
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BALANCE SHEET |
31 DECEMBER 2020 |
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2020 | 2019 |
Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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CURRENT ASSETS |
Debtors | 5 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 6 | ( |
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NET CURRENT ASSETS/(LIABILITIES) |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital |
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Share premium |
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Retained earnings |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved and authorised for issue by the Board of Directors and authorised for
issue on
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SEEBECK MEMORIAL LIMITED (REGISTERED NUMBER: 11068654) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 1 DECEMBER 2019 TO 31 DECEMBER 2020 |
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1. | STATUTORY INFORMATION |
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Seebeck Memorial Limited is a
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
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Tangible fixed assets |
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. |
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Freehold property | 2% on cost |
Sound system | 20% on cost |
Fixtures and fittings | 10% on cost |
Cremator | 6.67% on cost |
Roads | 2% on cost |
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Capitalised costs relating to the acquisition of land are considered to have an unlimited useful economic life and therefore are not depreciated. |
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Taxation |
Taxation for the period 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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
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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 period end and that are expected to apply to the reversal of the timing difference. |
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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. |
SEEBECK MEMORIAL LIMITED (REGISTERED NUMBER: 11068654) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 1 DECEMBER 2019 TO 31 DECEMBER 2020 |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the period was
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4. | TANGIBLE FIXED ASSETS |
Assets |
Under | Freehold |
Construction | property | Roads |
£ | £ | £ |
COST |
At 1 December 2019 |
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Additions |
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Reclassification/transfer |
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At 31 December 2020 |
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DEPRECIATION |
Charge for period |
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At 31 December 2020 |
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NET BOOK VALUE |
At 31 December 2020 |
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At 30 November 2019 |
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Fixtures |
and | Sound |
Cremator | fittings | Systems | Totals |
£ | £ | £ | £ |
COST |
At 1 December 2019 |
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Additions |
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Reclassification/transfer |
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At 31 December 2020 |
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DEPRECIATION |
Charge for period |
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At 31 December 2020 |
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NET BOOK VALUE |
At 31 December 2020 |
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At 30 November 2019 |
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Included in cost of land and buildings is freehold land of £ 6,061,423 (2019 - £ 6,061,423 ) which is not depreciated. |
SEEBECK MEMORIAL LIMITED (REGISTERED NUMBER: 11068654) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 1 DECEMBER 2019 TO 31 DECEMBER 2020 |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2020 | 2019 |
£ | £ |
Trade debtors |
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Other debtors |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2020 | 2019 |
£ | £ |
Trade creditors |
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Taxation and social security |
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Other creditors |
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7. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR |
2020 | 2019 |
£ | £ |
Bank loans |
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Other creditors |
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8. | SECURED DEBTS |
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The following secured debts are included within creditors: |
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2020 | 2019 |
£ | £ |
Bank loans |
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Other loans |
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Lloyds Bank PLC holds fixed and floating charges dating 20 December 2019 covering all the property or undertaking of the company. In addition, the bank, by way of legal mortgage, holds fixed charge dating 30 December 2019 over all legal interest in land known as land on the west side of Banbury Road, Hensington, Woodstock - registered titled number ON197498.. All outstanding charges contain a negative pledge. |
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Low Cost Funeral Limited holds a fixed charge dating 5 February 2020 over all legal interest in land known as land on the west side of Banbury Road, Hensington, Woodstock - registered titled number ON197498.. All outstanding charges contain a negative pledge. |
SEEBECK MEMORIAL LIMITED (REGISTERED NUMBER: 11068654) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 1 DECEMBER 2019 TO 31 DECEMBER 2020 |
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9. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
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The Report of the Auditors was unqualified. |
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for and on behalf of
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10. | RELATED PARTY DISCLOSURES |
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As at 31 December 2020, the company owed £773,401 (2019: £438,826) to companies under common control. The loans are secured, accrue interest at 5% per annum and are repayable on 2 February 2025. |