SE10 HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2022
SE10 Holdings Limited is a private company, limited by shares, incorporated in England and Wales. The company registration number is 13999517 and the registered office is 6th Floor, 2 London Wall Place, London, EC2Y 5AU.
The company was incorporated on 24th March 2022 and principal activity is that of holding company of public relation and communication activities.
2.Accounting policies
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Basis of preparation of financial statements
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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, the functional currency, rounded to the nearest £1.
SE10 Holding Limited is a parent company of a small group. It is not required to prepare, and has not prepared group financial statements. These are the financial statements of the company, not the group.
The following principal accounting policies have been applied:
The directors have considered relevant information, including the annual budget, forecast future cash flows and the impact of subsequent events in making their assessment. The directors and shareholders have also confirmed their willingness and ability to support the company for at least 12 months from the date of approval of the financial statements. Based on these assessments, the financial statements have been prepared on a going concern basis.
Investments in subsidiaries are measured at cost less accumulated impairment.
Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in the Statement of Comprehensive Income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.
Investments in listed company shares are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in profit or loss for the period.
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
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