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REGISTERED NUMBER: 03510502 (England and Wales)





















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: Z Y Datoo
F Datoo
R Datoo
A Datoo





SECRETARY: F Datoo





REGISTERED OFFICE: 5 Sandy Lodge Road
Moor Park
Rickmansworth
Herefordshire
WD3 1LP





REGISTERED NUMBER: 03510502 (England and Wales)





AUDITORS: Citi Partners Consultants LLP
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 10,001 15,001
Tangible assets 5 1,997,260 2,003,652
Investments 6 250 250
2,007,511 2,018,903

CURRENT ASSETS
Stocks 13,799 10,427
Debtors 1,611,225 1,620,901
Cash at bank and in hand 659,811 651,327
2,284,835 2,282,655
CREDITORS
Amounts falling due within one year (575,743 ) (676,468 )
NET CURRENT ASSETS 1,709,092 1,606,187
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,716,603

3,625,090

CREDITORS
Amounts falling due after more than one
year

7

(516,236

)

(661,421

)

PROVISIONS FOR LIABILITIES (32,856 ) (30,171 )
NET ASSETS 3,167,511 2,933,498

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 3,166,511 2,932,498
SHAREHOLDERS' FUNDS 3,167,511 2,933,498

Serincourt Limited (Registered number: 03510502)

Abridged Balance Sheet - continued
31 May 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 May 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 2 February 2024 and were signed on its behalf by:




Z Y Datoo - Director



F Datoo - Director


Serincourt Limited (Registered number: 03510502)

Notes to the Financial Statements
For The Year Ended 31 May 2023

1. STATUTORY INFORMATION

Serincourt Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - Straight line at 0.50%
Plant and machinery etc - 25% on reducing balance, 25% on cost and 15% on reducing balance

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 84 (2022 - 82 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 June 2022
and 31 May 2023 100,001
AMORTISATION
At 1 June 2022 85,000
Amortisation for year 5,000
At 31 May 2023 90,000
NET BOOK VALUE

At 31 May 2023 10,001
At 31 May 2022 15,001

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 June 2022 3,069,602
Additions 34,890
At 31 May 2023 3,104,492
DEPRECIATION
At 1 June 2022 1,065,950
Charge for year 41,282
At 31 May 2023 1,107,232
NET BOOK VALUE
At 31 May 2023 1,997,260
At 31 May 2022 2,003,652

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 150,772 140,700

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.5.23 31.5.22
£    £   
Within one year 7,531 -
Between one and five years 17,573 -
25,104 -

9. SECURED DEBTS

The following secured debts are included within creditors:

31.5.23 31.5.22
£    £   
Bank loans 654,338 810,890

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.

Mr S Versi (Senior Statutory Auditor)
for and on behalf of Citi Partners Consultants LLP

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.