Company Registration No. 04448229 (England and Wales)
SELINA LIMITED
Unaudited accounts
for the year ended 31 March 2023
SELINA LIMITED
Unaudited accounts
Contents
SELINA LIMITED
Company Information
for the year ended 31 March 2023
Company Number
04448229 (England and Wales)
Registered Office
126 CHARMINSTER ROAD
BOURNEMOUTH
BH8 8UT
ENGLAND
SELINA LIMITED
Statement of financial position
as at 31 March 2023
Tangible assets
47,016
47,016
Investment property
602,984
602,984
Cash at bank and in hand
332
1,505
Creditors: amounts falling due within one year
(69,501)
(51,061)
Net current liabilities
(68,527)
(49,056)
Total assets less current liabilities
581,473
600,944
Creditors: amounts falling due after more than one year
(208,814)
(233,530)
Provisions for liabilities
Deferred tax
(54,778)
(54,778)
Net assets
317,881
312,636
Called up share capital
100
100
Profit and loss account
317,781
312,536
Shareholders' funds
317,881
312,636
For the year ending 31 March 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 24 December 2023 and were signed on its behalf by
Hassan Eslami
Director
Company Registration No. 04448229
SELINA LIMITED
Notes to the Accounts
for the year ended 31 March 2023
SELINA LIMITED is a private company, limited by shares, registered in England and Wales, registration number 04448229. The registered office is 126 CHARMINSTER ROAD, BOURNEMOUTH, BH8 8UT, ENGLAND.
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.
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.
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:
Land & buildings
not depreciated
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
SELINA LIMITED
Notes to the Accounts
for the year ended 31 March 2023
4
Tangible fixed assets
Land & buildings
Fair value at 1 April 2022
602,984
The properties were valued by the director on 31 March 2023. If investment properties had not been revalued they would have been included at the historical cost of £323,797.
Amounts falling due within one year
Accrued income and prepayments
642
500
7
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
24,088
24,087
Taxes and social security
1,424
2,223
Loans from directors
41,967
15,293
8
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
208,814
233,530
9
Average number of employees
During the year the average number of employees was 2 (2022: 2).