REGISTERED NUMBER: |
Abridged Audited Financial Statements For The Year Ended 31 May 2023 |
for |
Serincourt Limited |
REGISTERED NUMBER: |
Abridged Audited Financial Statements For The Year Ended 31 May 2023 |
for |
Serincourt Limited |
Serincourt Limited (Registered number: 03510502) |
Contents of the Financial Statements |
For The Year Ended 31 May 2023 |
Page |
Company Information | 1 |
Abridged Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
Serincourt Limited |
Company Information |
For The Year Ended 31 May 2023 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
AUDITORS: |
Chartered Accountants & Statutory Auditors |
Gatcombe House |
Copnor |
Portsmouth |
Hampshire |
PO3 5EJ |
Serincourt Limited (Registered number: 03510502) |
Abridged Balance Sheet |
31 May 2023 |
31.5.23 | 31.5.22 |
Notes | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
Tangible assets | 5 |
Investments | 6 |
CURRENT ASSETS |
Stocks |
Debtors |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | ( |
) | ( |
) |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
7 |
( |
) |
( |
) |
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
SHAREHOLDERS' FUNDS |
Serincourt Limited (Registered number: 03510502) |
Abridged Balance Sheet - continued |
31 May 2023 |
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 and authorised for issue on |
Serincourt Limited (Registered number: 03510502) |
Notes to the Financial Statements |
For The Year Ended 31 May 2023 |
1. | STATUTORY INFORMATION |
Serincourt Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover is measured at fair value of the consideration received or receivable. Turnover represents invoiced sales for the provision of residential services. The company recognises revenue when the amount of revenue can be measured reliably and is probable that future economic benefits will flow to the company. |
Goodwill |
Goodwill being the amount paid in connection with the acquisition of a business in 2005, is being amortised over its estimated useful life of twenty years. |
Tangible fixed assets |
Land and buildings | - |
Plant and machinery etc | - |
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
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 balance sheet date. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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. |
Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
Serincourt Limited (Registered number: 03510502) |
Notes to the Financial Statements - continued |
For The Year Ended 31 May 2023 |
2. | ACCOUNTING POLICIES - continued |
Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | INTANGIBLE FIXED ASSETS |
Totals |
£ |
COST |
At 1 June 2022 |
and 31 May 2023 |
AMORTISATION |
At 1 June 2022 |
Amortisation for year |
At 31 May 2023 |
NET BOOK VALUE |
At 31 May 2023 |
At 31 May 2022 |
5. | TANGIBLE FIXED ASSETS |
Totals |
£ |
COST |
At 1 June 2022 |
Additions |
At 31 May 2023 |
DEPRECIATION |
At 1 June 2022 |
Charge for year |
At 31 May 2023 |
NET BOOK VALUE |
At 31 May 2023 |
At 31 May 2022 |
Included in cost of land and buildings is freehold land of £ 850,000 (2022 - £ 850,000 ) which is not depreciated. |
Serincourt Limited (Registered number: 03510502) |
Notes to the Financial Statements - continued |
For The Year Ended 31 May 2023 |
6. | FIXED ASSET INVESTMENTS |
Information on investments other than loans is as follows: |
Totals |
£ |
COST |
At 1 June 2022 |
and 31 May 2023 | 250 |
NET BOOK VALUE |
At 31 May 2023 | 250 |
At 31 May 2022 | 250 |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS |
31.5.23 | 31.5.22 |
£ | £ |
Repayable otherwise than by instalments |
Bank loans more 5 yrs non-inst |
8. | LEASING AGREEMENTS |
Minimum lease payments under non-cancellable operating leases fall due as follows: |
31.5.23 | 31.5.22 |
£ | £ |
Within one year |
Between one and five years |
9. | SECURED DEBTS |
The following secured debts are included within creditors: |
31.5.23 | 31.5.22 |
£ | £ |
Bank loans |
The bank holds a first legal charge over the freehold property Carleen Nursing Home and the freehold property Merlin Park Residential Home and an unscheduled mortgage debenture over the assets of the company. |
10. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
The Report of the Auditors was unqualified. |
for and on behalf of |
Serincourt Limited (Registered number: 03510502) |
Notes to the Financial Statements - continued |
For The Year Ended 31 May 2023 |
11. | RELATED PARTY DISCLOSURES |
The directors of the company are also directors of Numada Healthcare Ltd and Numada Home Care Ltd. They own 100% of the issued share capital of these companies. |
The directors of the company are also directors of Fairoze Ltd. Serincourt Ltd owns 25% of Fairoze Ltd. The directors Mr Z & Mrs F Datoo own a further 50% of the shares in Fairoze Ltd; the remaining 25% are owned by Numada Healthcare Ltd. |
The company was owed £1,550,000 from Datoo Properties Ltd at the year end. Datoo Properties Ltd is controlled by the directors who also own 100% of the share capital. |
The company has loans from its directors which is included in creditors due within one year. The balance owing to them at the year end was £10,327. |
The directors of the company are also directors of Numada Properties Ltd. Mr R & A Datoo own 100% of the issued share capital of this company. |
12. | FRC ETHICAL STANDARD - PROVISIONS AVAILABLE FOR SMALL ENTITIES |
In common with many other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements. |