1 March 2022 false No description of principal activity Taxfiler 2023.10 true 12462134business:PrivateLimitedCompanyLtd2022-03-012023-02-28 124621342022-02-28 124621342022-03-012023-02-28 12462134business:AuditExemptWithAccountantsReport2022-03-012023-02-28 12462134business:FilletedAccounts2022-03-012023-02-28 124621342023-02-28 12462134business:Director12022-03-012023-02-28 12462134business:RegisteredOffice2022-03-012023-02-28 124621342022-02-28 12462134core:WithinOneYear2023-02-28 12462134core:WithinOneYear2022-02-28 12462134core:ShareCapitalcore:PreviouslyStatedAmount2023-02-28 12462134core:ShareCapitalcore:PreviouslyStatedAmount2022-02-28 12462134core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-02-28 12462134core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-02-28 12462134core:PreviouslyStatedAmount2023-02-28 12462134core:PreviouslyStatedAmount2022-02-28 12462134business:SmallEntities2022-03-012023-02-28 12462134countries:EnglandWales2022-03-012023-02-28 12462134core:ComputerEquipment2022-03-012023-02-28 12462134core:ComputerEquipment2022-02-28 12462134core:ComputerEquipment2023-02-28 124621342021-03-012022-02-28 iso4217:GBP xbrli:pure
Company Registration No. 12462134 (England and Wales)
Senn Global Limited Unaudited accounts for the year ended 28 February 2023
Senn Global Limited Unaudited accounts Contents
Page
- 2 -
Senn Global Limited Company Information for the year ended 28 February 2023
Director
Reto Manuel Sticher
Company Number
12462134 (England and Wales)
Registered Office
44 Carnarvon Road London E18 2NU
Accountants
Multiply Accountancy Limited 71-75 Shelton Street London WC2H 9JQ
- 3 -
Senn Global Limited Statement of financial position as at 28 February 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,969 
795 
Current assets
Debtors
1,646 
274 
Cash at bank and in hand
8,359 
90,645 
10,005 
90,919 
Creditors: amounts falling due within one year
(968)
(40,139)
Net current assets
9,037 
50,780 
Net assets
11,006 
51,575 
Capital and reserves
Called up share capital
340 
340 
Profit and loss account
10,666 
51,235 
Shareholders' funds
11,006 
51,575 
For the year ending 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 23 November 2023 and were signed on its behalf by
Reto Manuel Sticher Director Company Registration No. 12462134
- 4 -
Senn Global Limited Notes to the Accounts for the year ended 28 February 2023
1
Statutory information
Senn Global Limited is a private company, limited by shares, registered in England and Wales, registration number 12462134. The registered office is 44 Carnarvon Road, London, E18 2NU.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
33% Straight Line
Going concern
The Company's financial statements are prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of obligations in the normal course of business. However, the Company has not generated any revenues in the year and has accumulated losses to date. The Company does not currently have any revenue generating operations. These conditions, among others, raise substantial doubt about the ability of the Company to continue as a going concern. In view of these matters, continuation as a going concern is dependent upon continued operations of the Company, which in turn is dependent upon the Company’s ability to, meets its financial requirements, raise additional capital, and the success of its future operations. The financial statements do not include any adjustments to the amount and classification of assets and liabilities that may be necessary should the Company not continue as a going concern. Management plans to fund operations of the Company through advances from existing shareholders, private placement of restricted securities or the issuance of stock in lieu of cash for payment of services until such a time as a business combination or other profitable investment may be achieved. There are no written agreements in place for such funding or issuance of securities and there can be no assurance that such will be available in the future. Management believes that this plan provides an opportunity for the Company to continue as a going concern.
- 5 -
Senn Global Limited Notes to the Accounts for the year ended 28 February 2023
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 March 2022
1,187 
Additions
1,610 
At 28 February 2023
2,797 
Depreciation
At 1 March 2022
392 
Charge for the year
436 
At 28 February 2023
828 
Net book value
At 28 February 2023
1,969 
At 28 February 2022
795 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
194 
274 
Other debtors
1,452 
- 
1,646 
274 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
968 
- 
Taxes and social security
- 
37,310 
Loans from directors
- 
2,829 
968 
40,139 
7
Average number of employees
During the year the average number of employees was 1 (2022: 1).
- 6 -